The Juices And Juice Concentrates by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Juices And Juice Concentrates, The juices and juice concentrates market size has grown steadily in recent years. It will grow from $35.82 billion in 2023 to $37.11 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to health and wellness trends, flavor innovation, convenience and on-the-go consumption, marketing and branding strategies, rising disposable income, .
The juices and juice concentrates market size is expected to see steady growth in the next few years. It will grow to $42.26 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to functional ingredients, sustainability practices, rising health consciousness, transparency and clean label, personalization trends. Major trends in the forecast period include innovative processing technologies, digital marketing and e-commerce, functional and health-boosting varieties, clean label and natural ingredients, sugar reduction and low-calorie options, cold-pressed and raw juices.
The expansion of the food and beverage sector is expected to propel the growth of the juices and juice concentrates market going forward. The food and beverage sector encompasses all organizations that process, package, and distribute raw food products. Consumers are preferring beverages with healthier option and these juices and juice concentrate acts as a replacement for sugar and flavoring agent juices, and contributing to a healthy beverages options, as a result, the expansion of the food and beverage sector boosts the growth of the juices and juice concentrate market. For instance, in December 2022, according to a report published by FoodDrinkEurope, a Food industry confederation in the European Union, the EU food and drink industry turnover was €1,121 billion ($1185.74 billion) in 2022 up from €1,093 billion ($1157 billion) in 2021. Therefore, the expansion of the food and beverage sector is driving the juices and juice concentrates market.
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The juices and juice concentrates market covered in this report is segmented –
1) By Type: Juices, Juice Concentrates
2) By Concentration: Concentrated, Non-concentrated
3) By Distribution Channel: Supermarket Or Hypermarkets, Convenience Stores, Specialty Food Stores, Online Retail, Other Distribution Channels
4) By Application: Bakery And Confectionery, Beverages, Dairy Food, Soups And Sauces, Other Applications
Top Major Players
Welch Foods Inc.
SVZ International B.V.
Sudzucker AG
Ingredion Incorporated
DöhlerGroup
Product innovation is the key trend gaining popularity in the juices and the juice concentrates market. Major companies operating in the juices and juice concentrates market are focused on developing new products to strengthen their position in the market. For instance, in October 2022, The EVERY Co., a US-based biotechnology company that develops proteins and other products traditionally sourced from animals, launched BUILD in partnership with Pulp Culture+. BUILD is the world's first protein-boosted hard juice, a hyper-functional Full Spectrum beverage infused with probiotics, adaptogens, source-verified super fruits, superfoods, and animal-free EVERY Protein. This requires no masking agents, sugar, or other unnecessary additives. It includes trendy ingredients such as cordyceps, ashwagandha, and 5 grams of Protein.
The juices and juice concentrates market report table of contents includes:
1. Executive Summary
2. Juices And Juice Concentrates Market Characteristics
3. Juices And Juice Concentrates Market Trends And Strategies
4. Juices And Juice Concentrates Market - Macro Economic Scenario
5. Global Juices And Juice Concentrates Market Size and Growth
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31. Global Juices And Juice Concentrates Market Competitive Benchmarking
32. Global Juices And Juice Concentrates Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Juices And Juice Concentrates Market
34. Juices And Juice Concentrates Market Future Outlook and Potential Analysis
35. Appendix
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