Juice Concentrates Market – Overview:
The demand for juice concentrates has increased rapidly due to the convenience offered by their use in a wide range of applications. Reports that gauge the food, beverage and nutrition industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is anticipated to achieve a promising CAGR in the forecast period.
The Mexico Juice Concentrates Market is experiencing rapid growth, driven by changing consumer lifestyles, urbanization, and a growing preference for convenient and affordable beverages. Juice concentrates offer a convenient and cost-effective option for consumers looking for flavorful drinks that can be enjoyed at home or on the go. With an increasing emphasis on health and wellness, Mexican consumers are seeking beverages made with natural ingredients and reduced sugar content, driving the demand for juice concentrates in the market. The market offers a variety of fruit concentrates, including citrus, tropical fruits, and traditional Mexican flavors like tamarind and guava, catering to diverse tastes and preferences. Moreover, juice concentrates are used not only in beverage production but also in culinary applications such as desserts, sauces, and cocktails. As consumer awareness of the benefits of juice concentrates continues to grow, manufacturers are introducing new flavors, blends, and packaging formats to capture market share and remain competitive in this dynamic market.
Juice Concentrates Market Size was valued at USD 72.1 billion in 2021. The Juice Concentrates market industry is projected to grow from USD 75.6 Billion in 2022 to USD 110.1 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 4.9% during the forecast period (2022 - 2030).
The use of juice concentrates in dairy and frozen desserts, fruit drinks, baby food and ice cream is expected to positively spur the development of the juice concentrate market. Moreover, the growing popularity of non-alcoholic drinks and fruit-based products is expected to encourage the juice concentrates market around the world. Also, the growing level of criticism for carbonated drinks has increased the market share for the juice concentrates market in the upcoming years.
Segmentations:
The segmental evaluation of the juice concentrates market has been carried out on the basis of process, type, form, and region. Based on type, the juice concentrates market is segmented into vegetables, fruit, and blended. On the basis of form, the juice concentrates market has been segmented into liquid and frozen. Based on application, the juice concentrates market has been segmented into bakery & confectionary, beverages, soups & sauces, and dairy & frozen desserts and others. The juice concentrates market has been segmented by region into Europe, North America, Asia Pacific, and Rest of the World.
Competitive Landscape:
A considerable rise in the number of investors in the market is projected to create an advantageous scenario for the progress of the market in the forecast period. The progress of the market is expected to capture increased momentum in the coming years primarily due to the presence of conducive government policies. The growth turnaround in the market is expected to activate new opportunities for expansion of the market. The improvements in various domestic economies are expected to motivate the development of the market in the upcoming period. The accessibility to key tactical opportunities leading to consequent stabilization of inflation is anticipated to create promising openings for expansion in the coming years. In the coming years, the influence exerted by relatively high-income levels in nations around the world and the potential gains observed to some of the currencies in the world is expected to reinforce the evolution of the market in the forecast period.
Archer Daniels Midland Company (US), Ingredion Incorporated (US), AGRANA Investment Corp (Austria), Sudzucker AG (Germany), SunOpta, Inc. (Canada), SVZ International B.V. (the Netherlands), Diana Naturals (France), and Doehler Group (Germany) among many others are some of the principal the Key Juice Concentrates Industry Players globally.
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