Fruit concentrates are used in the beverage industry. Fruit concentrates are primarily utilized in the production of soft drinks, alcoholic and non-alcoholic drinks. Increasing demand for health-related products has driven the demand for fruit concentrate market globally. Increasing health consciousness among consumers in all regions has led consumers to demand fruit contented beverages products. Moreover, the vibrant lifestyle of customers has resulted in the demand for food & beverages that are easy to consume and this, in turn, has boosted the production of beverage products which are healthy as well as beneficial to consume. Fruit concentrate act a useful and suitable replacement for carbonated and aerated drinks.
The fruit concentrate market is segmented by product type, application, and region. The products are available in the form of a powder concentrate, liquid concentrate, puree concentrate, frozen concentrate, and clear concentrate. Liquid concentrate product segment hold major market share, followed by powder concentrate product. The clear concentrate product segment is foreseen to show a vital growth during the projection period.
Fruit concentrate have broad range of end-use applications in various industries. On the basis of the application, the market is segmented into beverages products, bakery products, confectionary, dairy products, and others. Beverages products industry has the highest market share for fruit concentrate market, followed by the bakery products. Fruit concentrate products provides nutritional value, flavor, natural sweetness, and color which are beneficial for health.
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Asia-Pacific is highest growing region for fruit concentrate market. Emerging countries, such as China and India, has a large amount of cultivable land to grow fruit products. China is amongst the leading country in manufacturing of fruit concentrate products, owing to the technological advancements in agriculture and urbanization, which led to higher standard of living amongst customers. Moreover, China is one of the key exporters of fruit concentrate in Asia-Pacific, and an increase in consumption of healthy beverage products, the growth of fruit concentrate market in the region will increase.
Key players operating in the global Agrana Investment Corp, Archer Daniels Midland Company, Diana Naturals, Ingredion Incorporated, Kanegrade Limited, Sunopta, Inc., Suedzucker AG, Doehler Group, Skypeople Fruit Juice, Inc., and SVZ International B.V.
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