Global Juice Concentrates Market Expected to Reach USD 93.7 Billion by 2027, Fueled by Rising Demand for Healthy and Convenient Products

According to a recent research report by MarketsandMarkets, titled "Juice Concentrates Market by Type, Application, Ingredient, Form, and Region - Global Forecast to 2027," the global juice concentrates market is projected to witness significant growth, reaching a value of USD 93.7 billion by 2027, with a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period. This growth is attributed to the increasing adoption of a healthy lifestyle, leading to a surge in consumption of fruit and vegetable juice concentrates worldwide.

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The report highlights a surge in demand for juice concentrates across various sectors, including the food and beverage, bakery, and dairy industries. In response to this demand, manufacturing companies have introduced innovative products to cater to the growing consumer needs.

Key Market Insights:

Orange Concentrates are expected to experience the highest growth during the forecast period, owing to the global demand for vitamin C-rich beverages, with consumers increasingly seeking functional benefits in their favorite fruit juices.

Powdered Concentrates are anticipated to witness heightened demand in the bakery market, particularly as flavoring agents and natural sweeteners, as health-conscious consumers show a preference for products with balanced nutritional content.

The Beverages Segment is projected to dominate the juice concentrate market, driven by the growing consumer demand for fruit flavors in their drinks, as well as the increased interest in health and energy drinks, where juice concentrates provide essential nutritional value.

North America is expected to be the second-largest market for juice concentrates, particularly in the case of fruits such as cranberry, lime, and lemon. The region's key players are continually innovating their product offerings to enhance their market presence.

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Key Market Players:

Leading players in the juice concentrates market include Archer Daniels Midland Company (US), Südzucker AG (Germany), Ingredion Incorporated (US), SunOpta, Inc (Canada), Kerry Group PLC (Ireland), IPRONA SPA (Italy), Symrise AG (Germany), Döhler Group SE (Germany), SVZ International B.V (Netherlands), and Kanegrade Limited (UK).

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This release was published on openPR.