Juice Concentrates Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Juice Concentrates Market is segmented By Product Type (Fruits (Pomes, Drupes, Berries, Melons, Citrus, Tropical), Vegetables, Others), By Application (Beverages, Bakery and Confectionery, Dairy Products, Soups, Others), By Distribution Channel (E-Commerce Stores, Supermarkets & Hypermarkets, Retail Stores, Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

Market Size

The Global Juice Concentrates Market USD 73.2 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 101.7 billion by 2031. The market is growing at a CAGR of 4.2% during the forecast period 2024-2031. Juice concentrate sales are on the rise, which is driving demand for quick and wholesome snacks. It is a cost-effective and practical choice for reviving drinks in a variety of applications. Global demand for fruit concentrates is expanding as a result of urbanization, rising disposable income, and changing lifestyles. 

Juice concentrates act as a flavor enhancer and color additive in the production of candies, frozen novelties, fruit snacks, jams, jellies, sauces, and beverages. It has an approximate life span of 18 months under refrigeration conditions and 2 years under frozen environmental conditions. These concentrates are processed with sweeteners and additives to improve their shelf life & freshness. The potential health benefits associated with the consumption of juice concentrates include promoting skin health and being rich in important nutrients.

Market Scope

To Know More Insights: Download Sample

Market Dynamics

Increasing Demand for Healthy Foods to Foster Juice Concentrates Market Growth

Increasing consumer demand for healthy foods has led to increased adoption of juice concentrates in the processing of sauces, jellies, and Jams. It is also used as an ingredient in lunch bars and pastries. Increased consumer demand for unseasonal fruits and increased availability of respective fruit concentrates led to beverages manufacturer interests in the production of respective beverages through concentrates. According to Statista, in 2023, the average volume of consumed natural juice per person is expected to amount of 4.66 L and the volume growth of juices segment is expected to reach amount to 37.633 ml by 2027

Increasing Health Concerns and the Sugar Content of the Juice Concentrates are Holding Back the Juice Concentrates Market Growth

Public health organizations and governmental bodies in many countries have issued guidelines recommending reduced sugar intake. For example, the World Health Organization (WHO) recommends limiting the intake of free sugars to less than 10% of total energy intake and suggests further reductions to below 5% for additional health benefits. Freshly squeezed juices are often perceived as more natural and healthier alternatives to processed juice products, including juice concentrates. Consumers may prefer the idea of consuming whole fruits or freshly squeezed juices due to their perceived nutritional value and minimal processing.

Market Segment Analysis

The global juice concentrates market is segmented based on product type, application, distribution channel, and region.

The Fruits Segment Accounted for the Highest Share of the Global Juice Concentrates Market

The fruit segment in the juice concentrate market holds a significant share due to the wide variety of fruits available for processing. Fruits such as oranges, apples, grapes, pineapples, berries, and citrus fruits are commonly used to produce juice concentrates. The availability and popularity of these fruits contribute to the market share of the fruit segment. 

Fruit-based beverages, including fruit juices, are popular among consumers worldwide. The demand for fruit juices, which often utilize juice concentrates as a key ingredient, drives the growth of the fruit segment in the juice concentrate market. Fruit juices are consumed both as standalone beverages and as ingredients in various food and beverage products.

Market Geographical Share

North America is Dominating the Global Juice Concentrates Market

North America has a significant consumer base with a strong demand for juice-based products. The region's population, combined with a culture that embraces a variety of beverages, contributes to the market share of the juice concentrate industry. North America has a well-developed and mature beverage industry. The established infrastructure and distribution networks support the growth and dominance of the juice concentrate market in North America. Moreover, the high penetration of quick-service restaurants and greater consumption of soft drinks has increased the demand for the industry in this region.

Market Companies

The major global players in the juice concentrates market are LemonConcentrate S.L., Northwest Naturals, LLC., Welch Foods Inc., Kerr Concentrates, Sunmet Juice Company, H&H Products Company, Iprona SpA, Brownwood Acres Foods Inc., Milne Fruit Products Inc, and Prodalim Group.

COVID-19 Impact on Juice Concentrates Market

COVID Impact

The COVID-19 pandemic has disrupted global supply chains across various industries, including the food and beverage sector. Restrictions on movement, border closures, and reduced transportation capacity have led to logistical challenges in sourcing raw materials for juice concentrate production. This disruption can affect the availability and cost of raw materials for manufacturers. The COVID-19 pandemic has significantly influenced consumer behavior and consumption patterns. The impact on the juice concentrate market would depend on the specific consumer behavior shifts within the juice industry.

By Product Type

• Fruits
• Vegetables
• Others

By Application

• Beverages
• Bakery and Confectionery
• Dairy Products
• Soups
• Others

By Distribution Channel

• Supermarkets & Hypermarkets
• Retail Stores
• Online Sales
• Others

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In March 2023, Baldwin Richardson Foods, a leading custom ingredients manufacturer for the food and beverage industry, completed an asset acquisition of Aseptic Solutions USA Ventures, LLC, in Corona, California. This transaction expands the company's manufacturing capabilities to include high-demand aseptic products and accelerates its commercial strategy to be a full-portfolio liquid product supplier across the food and beverage industry.
• In April 2023, Nextfoods announced a merger of GoodBelly and Cheribundi to create synergies in functional foods and beverages.

Why Purchase the Report?

• To visualize the global juice concentrates market segmentation based on product type, application, and distribution channel understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development. 
• Excel data sheet with numerous juice concentrates market-level data points all for segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global juice concentrates market report would provide approximately 61 tables, 60 figures, and 200 pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies

Trending Reports:

Energy Drinks Market

Functional Beverages Market