Market Overview
Global fruit concentrate market is expected to register a CAGR of 5.72 %, during the forecast period of 2019-2024.
- Aided by the auxiliary demand from 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 its better texture attributes and feasible consistency. Hence, holds the largest revenue share in the market.
Scope of the Report
Global Fruit Concentrate Market offers liquid and powder forms of concentrates applicable to 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, and Middle East and Africa.
Key Market Trends
Increasing Demand for Natural Food Products
The increasing obesity rates, diabetes, and heart disease, along with health food fads has caused a growing trend for more natural and healthy food, across the world. Therefore, fruit concentrate is increasingly being substituted 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.
North America Holds the Major Share in Fruit Concentrate
The global market for fruit concentrates is being driven mostly by the North America, which has the largest market share and is showing a steady increase in the market growth. The North American market for fruit concentrates is being mainly driven by the United States. Europe is 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.
Competitive Landscape
Global Fruit Concentrate Market is highly fragmented owing to the presence of several local and internation 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 D?hler, Ingredion Inc., Kerry Inc., and Archer Daniels Midland Company.
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