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The global juiceconcentrate market hasbeen anticipated in a publication by Transparency Market Research (TMR) to besignificantly fragmented and competitive. There could be a handful of playersgaining an edge over other contestants in the market in terms of productdifferentiation. Players have been predicted to give a tough competition in theindustry as they strive to come up with new products that flaunt novel flavorsand tastes. Ciatti Company, SkyPeople Fruit Juice Inc., Ingredion Incorporated,Dohler Company, and Archer Daniels Midland Co. are some of the leading names ofthe market. The publication has provided a detailed view of how the competitivelandscape could shape in the near future.
TMRhas envisaged the global juice concentrate market to secure a staggeringrevenue of US$117.89 bn by the completion of 2025 after advancing from anUS$89.56 bn valuation attained in 2016. Between 2017 and 2025, the market couldpost a 3.4% CAGR. On the basis of type, the market could see a continuation ofthe lead achieved by fruit juice concentrate in 2016. By region, Europe hasbeen foreseen to attain supremacy in the market, considering its dominatingreach to a US$32.97 bn in 2017.
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Trendof Adopting Healthy Lifestyle for Upkeep of Good Health Drives Sales
Busylifestyles and changing food habits of people have caused a surge in theattractiveness of convenience foods and beverages. While this could stoke thegrowth of the world juice concentrate market, there could be a positiveinfluence placed on the demand for various products due to the trendingadoption of a healthy way of life. The demand for fruit and vegetable juiceconcentrates has been expected to see a rise on account of the increasingawareness about healthy living. As more number of people adopthealth-benefiting foods owing to a rising consciousness about good health, thedemand could continue to increase in the coming years.
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Fruitjuice concentrate is used in several foods and beverages such as ice creams andcurds. If the form of juice concentrate is taken into consideration, clearconcentrate has been foretold to gain a larger market share in the near future.
Awarenessabout Damaging Effects of Excess Fructose Consumption Dents Growth
Excessconsumption of fructose has been scientifically studied to have harmful effectson the body. In this regard, it has been expected of juice concentratescontaining a high amount of fructose to see a decline in their demand. However,as per a study provided in the publication, the demand for juice concentratecould rise while riding on strong expenditure on non-alcoholic and alcoholicfruit drink products due to changing economic conditions around the world.Moreover, there has been an increased spending on baby food, yogurt, and icecream.
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Furthermore,there are companies that introduce new flavors in the international juiceconcentrate market catering to the middle-income group. They have also beenkeen on introducing products that boast of high nutritional values.Cost-effectiveness and longer shelf life of juice concentrates compared tofresh juices could be other factors augmenting the demand in the market.
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Transparency Market Research (TMR) is a marketintelligence company, providing global business information reports andservices. Our exclusive blend of quantitative forecasting and trends analysisprovides forward-looking insight for thousands of decision makers. TMR’sexperienced team of analysts, researchers, and consultants, useproprietary data sources and various tools and techniques to gather, andanalyze information. Our business offerings represent the latest and the mostreliable information indispensable for businesses to sustain a competitiveedge.
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