Juice Concentrates Market to be Worth $115.50 Billion by 2031

Juice Concentrates Market Size, Share, Forecast, & Trends Analysis by Type (Fruit {Citrus, Apple, Grapes} Vegetable {Carrot, Tomato, Beetroot}), Ingredient, Form (Clear Concentrate), Nature (Organic), Application (Food & Beverage) - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Juice Concentrates Market Size, Share, Forecast, & Trends Analysis by Type (Fruit {Citrus, Apple, Grapes} Vegetable {Carrot, Tomato, Beetroot}), Ingredient, Form (Clear Concentrate), Nature (Organic), Application (Food & Beverage) - Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the juice concentrates market is projected to reach $115.50 billion by 2031, at a CAGR of 6.1% during the forecast period 2024–2031. The growth of the juice concentrates market is driven by the increasing demand for convenience foods, a growing focus on health & wellness, and product innovations in juice concentrates. However, the growing preference for Not From Concentrate (NFC) juices may restrain the market’s growth.

Furthermore, the rising demand for natural & organic food products and consumers’ rising interest in plant-based & functional ingredients are expected to create market growth opportunities. Additionally, the rising demand for premium and artisanal juice concentrates is a prominent trend in this market.

Key Players

Some of the key players operating in the juice concentrates market are Archer-Daniels-Midland Company (U.S.), Ingredion Incorporated (U.S.), Kerry Group plc (Ireland), Südzucker Group (Germany), Döhler Group (Germany), Symrise AG (Germany), Tree Top, Inc. (U.S.), FruitSmart, Inc. (U.S.), Kanegrade Limited (U.K.), LEMONCONCENTRATE SLU (Spain), Sunnysyrup Food Co, Ltd. (Taiwan), CHB Group (Greece), and Prodalim B.V. (Netherlands).

The juice concentrates market is segmented by type (fruit juice concentrate {citrus fruit, apple, pineapple, grape, berry, and other fruit juice concentrates} and vegetable juice concentrate {carrot, cucumber, carrot, tomato, onion & garlic, beetroot, and other vegetable juice concentrates}), ingredient (single-ingredient juice concentrate and multi-ingredient juice concentrate), form (clear concentrate, powder concentrate, and other forms), nature (non-organic and organic), application (food and beverage {beverage [nectar, fruit juice, powdered juice, and other beverages], dairy, bakery & confectionery, soups & sauces, and other food and beverage applications} and other applications), and geography (North America, Europe, Latin America, Asia-Pacific, and the Middle East & Africa). The study also evaluates industry competitors and analyzes the market at the country level.

Based on type, the juice concentrates market is segmented into fruit juice concentrate and vegetable juice concentrate. In 2024, the fruit juice concentrate segment is expected to account for the larger share of 69.8% of the juice concentrates market. This segment's large market share can be attributed to the increasing demand for convenience food, the growing demand for natural food products, and the increased popularity of fruity flavors. Furthermore, the fruit juice concentrate segment is sub-segmented into citrus fruit, apple, pineapple, grape, berry, and other fruit juice concentrates. Among these, in 2024, the citrus fruit segment is expected to account for the largest share of 35.8% of the fruit juice concentrate market.

Based on ingredient, the juice concentrates market is segmented into single-ingredient juice concentrate and multi-ingredient juice concentrate. The multi-ingredient juice concentrate is projected to register a higher CAGR during the forecast period. This segment’s growth is driven by ongoing product innovations that facilitate the creation of unique and customized juice blends with distinct flavor combinations. The combination of different fruits and vegetables in multi-ingredient juice concentrates enables manufacturers to offer a broader range of nutrients, vitamins, and minerals.

Based on form, the juice concentrates market is segmented into clear concentrate, powder concentrate, and other forms. In 2024, the clear concentrate segment is expected to account for the largest share of the juice concentrates market. This segment's large market share can be attributed to the rising demand for healthier and natural beverage products. Additionally, clear concentrates are favored for their long shelf life and transparent flavor profile.

Based on nature, the juice concentrates market is segmented into non-organic and organic. The organic segment is projected to register a higher growth rate during the forecast period of 2024–2031. This segment’s growth is driven by the increasing number of health-conscious consumers, rising disposable incomes, and a growing interest in organic products and sustainability.

Based on application, the juice concentrates market is segmented into food & beverage and other applications. In 2024, the food & beverage segment is expected to account for the larger share of 96.0% of the juice concentrates market. This segment’s large market share can be attributed to the large and expanding soft drinks industry and the increasing demand for juice concentrates for dairy and baby food applications.

Furthermore, the food & beverage segment is projected to register a higher CAGR of 6.1% during the forecast period. This segment’s growth is driven by the increasing consumer preference for natural and organic food and beverage products, growing demand for functional ingredients, and continuous product innovations in the market.

Based on geography, the juice concentrates market is divided into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific is projected to register the highest CAGR of 7.3% during the forecast period. The growth of this regional market is driven by the rising consumer preference for natural and health-oriented food & beverage products, rapid urbanization & population growth, growing demand for fruit juice products, rising health consciousness, evolving lifestyles, and technological advancements in the food & beverage industry.

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Key Questions Answered in the Report:

What are the historical market sizes and growth rates of the juice concentrates market?
At what rate is the juice concentrates demand projected to grow over the next 5–7 years?
What are the major factors impacting market growth at the regional and country levels? What are the opportunities for existing players and new entrants in the market?
Which segments, in terms of type, ingredient, form, nature, and application, are expected to create traction for the manufacturers in this market during the forecast period 2024–2031?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the players operating in the juice concentrates market during the forecast period 2024–2031?
Who are the major players in the juice concentrates market? What are their specific product offerings in this market?
What are the recent strategic developments in the juice concentrates market? What are the impacts of these strategic developments on the market?

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