The global apple juice processing enzymes market was valued to USD 12.65 billion in 2020 and is expected to expand at a CAGR of 3.6% during the forecast period 2021-2028. Changing lifestyle coupled with increasing awareness towards health benefit of apple juice and its beverage products are the major factors driving the market growth.
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Apple juice is one of the most popular beverages widely consumed across the globe. It contains a variety of vitamins and minerals that offer several health benefits. Moreover, the regular consumption of the juice can be beneficial in tackling health various conditions such as relief from respiratory problems, balancing cholesterol level, and weight loss. Apple juice processing enzymes involves preparation of the fruit juice made by the maceration and pressing of an apple, which are further filtered by enzymatic process. Using the process helps to extract a large quantity of apple juice that, in turns, removing the problems associated with the complex and costly processing equipment.
Market Drivers, Restraints, Trends, and Opportunities
Apple juice offers several health advantages such as protection of bones during menopause, relief from resparetly disorder, preventing Alzheimer’s disease, reducing the risk of various cancers. This is expected to boost the market. Rising demand for the apple juice since it helps skin glow and other beneficial for aesthetic factors is expected to grow the market. The COVID-19 pandemic and its impact had a major factor in the market growth. People are becoming aware of foods and beverage products that can boost the immune system due to harsh impact of the pandemic. This is projected to propel demand for the apple juice, thereby, helping the market expansion. Processed apple juice using enzymes normally have low shelf-life, which acts as a major challenge that can hinder the market growth. Wide availability of a variety of apple juice products and growing online sales for beverage products are present key opportunities for market growth.
Scope of the Report
The report on the global apple juice processing enzymes market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Apple Juice Processing Enzymes Market Segment Insights
In terms of types, the market is divided into single preparation and compound preparation. The compound preparation segment is expected to account for a large market share in the coming years due to increase demand for the compound enzyme preparation solution. Meanwhile, the single preparation segment is projected to witness a substantial growth rate during the forecast period.
Based on applications, the global apple juice processing enzymes market is categorized as fresh, concentrate, and others. The fresh segment dominated the market in 2020 and is projected to witness significant growth during the forecast period owing to rising adoption of the processing method for fresh apple juice preparation. Increasing consumer knowledge regarding the advantages of the fresh fruit is another key factor boosting the segment. On the other hand, the concentrate segment is projected to account for a major share of the market in the coming years due to wide adoption of the process for preparing concentrated juice and its related products.
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is anticipated to hold a major share during the forecast period owing to rising number of health-conscious people and increasing disposable income of a large section of the population in the region.
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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.
