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Fruit Concentrate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)
Global Fruit Concentrate Market is Segmented by Fruit Type (Citrus fruits, Red Fruits and Berries, Tropical Fruits and Others), Product Type (Liquid, Powder and Others); Application (Beverage, Bakery, Confectionery, Dairy, Others) & Geography
- ABOUT THIS REPORT
- Market Snapshot
- Market Overview
- Scope of the Report
- Key Market Trends
- Competitive Landscape
- Major Players
- TABLE OF CONTENTS
Market Snapshot
Study Period:
2016 - 2026
Base Year:
2020
Fastest Growing Market:
Asia Pacific
Largest Market:
North America
CAGR:
5.72 %
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Market Overview
The global fruit concentrate market is projected to grow at a CAGR of 5.72% during the forecast period.
- Aided by the auxiliary demand from the beverage industry due to the increased consumption of convenience products including on-the-go beverages, the fruit concentrates market is estimated to experience a significant hike in the forecast period.
- Liquid concentrates are considered preferable by many food manufacturers due to their better texture attributes and feasible consistency. Hence, holds the largest revenue share in the market.
- According to the world bank, the import of fruits and vegetables from Jan 2019 to Feb. 2020, has declined by 81.8%, owing to supply chain disruptions followed by export restrictions. Therefore, as an impact of COVID-19, the market has been majorly affected by the supply chain disruptions which limited the supply of fruits for the production of fruit concentrates.
Scope of the Report
The global fruit concentrate market offers liquid and powder forms of concentrates applicable to the beverage, bakery, confectionery, dairy and dairy alternatives, other industries such as sauces, condiments. Further, the study covers the regional level analysis of North America, Europe, Asia Pacific, South America, Middle East, and Africa.
| By Fruit Type | |
| Citrus Fruits | |
| Red Fruits and Berries | |
| Tropical Fruits | |
| Others |
| By Product Form | |
| Liquid Concentrate | |
| Powder Concentrate | |
| Other |
| By Application | |
| Beverages | |
| Bakery | |
| Confectionery | |
| Dairy | |
| Others |
| By Geography | |||||||||
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Key Market Trends
Increasing Demand for Natural Food Products
The increasing obesity rates, diabetes, and heart disease, along with health food fads have caused a growing trend for more natural and healthy food, across the world. Therefore, fruit concentrate is increasingly being used as a substitute for refined sugar, in a variety of applications such as juices, cakes, desserts, chocolates, and confectionery items. Fructose in fruit concentrate is a healthier alternative to sucrose for diabetics, as it has a lower glycemic index than sucrose. Moreover, baked goods made with fructose will not only be sweet but also incredibly moist, because fructose attracts more water than granulated sugar. These advantages of fructose make fruit concentrate a highly-attractive natural substitute to sugar in the baking industry.
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North America Holds the Major Share in Fruit Concentrate
The global market for fruit concentrates is being driven mostly by North America, which has the largest market share and is showing a steady increase in market growth. The North American market for fruit concentrates is being mainly driven by the United States. Europe is a close second in terms of market share, followed by the rest of the world, in the fruit concentrates market. The market is projected to demonstrate continued growth in both developed and developing regions. The increasing demand for natural foods, along with health and nutritional concerns with respect to processed products, drives the market for fruit concentrates.
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Competitive Landscape
The global fruit concentrate market is highly fragmented owing to the presence of several local and international players. New product launches, partnerships, expansions, and acquisitions are the major strategies adopted by the leading companies in the fruit concentrate market, globally. Some of the major players in the global fruit concentrate market are Döhler, Ingredion Inc., Kerry Inc., and Archer Daniels Midland Company.
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Table Of Contents
1. INTRODUCTION
1.1 Study Deliverables and Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Fruit Type
5.1.1 Citrus Fruits
5.1.2 Red Fruits and Berries
5.1.3 Tropical Fruits
5.1.4 Others
5.2 By Product Form
5.2.1 Liquid Concentrate
5.2.2 Powder Concentrate
5.2.3 Other
5.3 By Application
5.3.1 Beverages
5.3.2 Bakery
5.3.3 Confectionery
5.3.4 Dairy
5.3.5 Others
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Rest of North America
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Russia
5.4.2.5 Italy
5.4.2.6 Spain
5.4.2.7 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 India
5.4.3.2 China
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Rest of Asia-Pacific
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Rest of South America
5.4.5 Middle East & Africa
5.4.5.1 United Arab Emirates
5.4.5.2 Saudi Arabia
5.4.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Position Analysis
6.4 Company Profiles
6.4.1 AGRANA Beteiligungs-AG
6.4.2 Dohler GmbH
6.4.3 Ingredion Inc.
6.4.4 Kerry Inc.
6.4.5 SunOpta
6.4.6 Archer Daniels Midland Company
6.4.7 Tree Top, Inc. (Northwest Naturals)
6.4.8 China Haisheng Juice Holdings Co. Ltd.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
*List Not Exhaustive
** Subject to Availability
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