The global juice concentrates market size is expected to reach USD 108.30 billion by 2030, according to a new study by Polaris Market Research. The report “Juice Concentrates Market Share, Size, Trends, Industry Analysis Report By Type (Fruit Juice Concentrates, Vegetables Juice Concentrates); By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
These fruit drinks are concentrated versions of vegetables or fruit that have low water content. They have a longer shelf life and are less expensive as compared to drinks available in the industry. As an alternative to vegetables and fruits, they are utilized in various food industries such as sauces, bread items, confectionery, and soups.
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The increasing demand for these drinks of fruits and vegetables as flavoring agents in baby food products and indulgent bakery products is strengthening the overall growth. The global requirement for label-free products is pushing manufacturers to introduce sugar-free and preservative-free fruit drinks into the industry.
Manufacturers are investing significantly in research and development activities for developing new products to cater to the growing consumer demand. They are mainly produced using the thermal concentration technique, which reduces the water content from fresh vegetable or fruit drinks.
The technological advancements in fruit concentrate processing systems to minimize the changes in its nutritional, sensory, and textural properties are expected to further boost the growth of the industry over the forecast period.
Juice Concentrates Market Report Highlights
Polaris Market Research has segmented the juice concentrates market report based on type, application, and region:
Juice Concentrates, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Juice Concentrates, Application Outlook (Revenue - USD Billion, 2018 - 2030)
Juice Concentrates, Regional Outlook (Revenue - USD Billion, 2018 - 2030)