Market Scope
The apple juice concentrate market has maintained a strong momentum in the past couple of years and can continue to grow to reach USD 8731.4 Million by 2027. The market growth between 2020 and 2027 is most likely to be at a rate of 4.57%, reveals Market Research Future (MRFR).
Major Growth Boosters and Challenges
A soaring number of people are now aware about the ill effects of the large sugar content present in various foods, steering their focus on items that contain natural sugars. Players operating in the worldwide industry are therefore empathizing on naturally sourced sugar, either from fruits or even deionized fruit juice concentrates. Concentrated sugar has emerged as a more natural and healthier product compared to refined white sugar generally found in a variety of bakery products. Moreover, concentrate help preserve the moisture content of various baked products for an extended period. In short, the escalating demand for apple juice concentrate and on the contrary, the reduced use of refined sugar in baker and confectionery items would ensure steady market growth in the years ahead.
Segmental Insight
Apple juice concentrate industry has been reviewed carefully in the MRFR analysis, with type and application considered as the key segments.
Different apple juice concentrate types sold in the market are clarified, cloudy, and de-ionized. Clarified apple juice concentrate owned around 40% share in the global market in 2018.
Major applications of apple juice concentrate are beverages, bakery & confectionery, dips & spreads, sauces, dairy & frozen desserts, and others. Bakery & confectionery segment shall procure the fastest growth rate of 5.1% from 2020 to 2027.
Regional Status
The European market was worth around USD 660.2 million in 2018, thanks to the strong contribution of Germany where consumers have high purchasing capacity. Most of the companies in the country adopt effective marketing strategies to remain relevant, focusing on diversifying their product portfolios. The dramatic increase in cases of the Alzheimer's disease, cancer, cholesterol level, obesity, and diabetes and the subsequent rise in health awareness favors the European market.
The fastest growth potential is held by APAC, considering the mounting sales of fruit-based drinks as well as food items. Fierce rivalry in the region sees the major brands try aggressively to reach out to a higher number of consumers, opting for distribution channels such as specialty retail stores, pharmacies, direct sales, supermarkets, drug stores, hypermarkets, and mass merchandisers. The surge in various online stores as well as supermarkets offering consumers an alternate for high-end items will add to the market value as well.
Key Contenders
Tree Top, Inc. (US), Ingredion Incorporated (US), H&H Products Company (US), Welch’s (US), Sonnländer (Germany), Louis Dreyfus Holding B.V. (Netherlands), LemonConcentrate S.L. (Spain), Ve Ba Cooperativa Ortofrutticola S.C. (Italy), Döhler (Germany) are the top apple juice concentrate manufacturers operating in the worldwide market.
Read More: https://www.marketresearchfuture.com/press-release/apple-juice-concentrate-market
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the apple juice concentrate market include Ingredion Incorporated, Welch’s, H Products Company, Ve.Ba.
Cooperativa Ortofrutticola S.C., Louis Dreyfus Holding B.V., Döhler, Sonnländer, LemonConcentrate S.L., and Tree Top, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Apple Juice Concentrate Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/apple-juice-concentrate-market/download-sampleMarket DynamicsThe factors pushing the global apple juice concentrate market are rise in demand for products that are natural and plant-based, the convenience of use, and its growing popularity as a healthy replacement for carbonated soft drinks and as a substitute to refined sugar in bakery and confectionary items.
Increasing awareness about the health risk of consuming added sugar has fueled the demand for fruit-extracted sugar, which is also identified as de-ionized fruit juice concentrate, for instance, apple juice concentrate.
However, an insufficient supply of raw materials, increasing preference for cold-pressed as well as Not From Concentrate (NFC) juices may hamper the apple juice concentrate market to some extent.The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
