Global Apple Concentrates Market, Size, Trends, By Type (Puree Concentrate, Clear Concentrate, Juice Concentrate, Powdered Concentrate, Frozen Concentrate, Filtered and Unfiltered), By Nature (Organic and Conventional), By Application (Juice, Soft Drinks, Squash, Flavours, Drinks and Frozen Products and Others), By End-Use (Commercial and Household) and By Region (North America, Latin America, Europe, Asia Pacific, Central America and Africa): Global Opportunity Analysis and Industry forecast, 2023-2030.
Global Apple Concentrates Market
With a CAGR of 4.61 % from 2023 to 2030, the Global Apple Concentrates Market is expected to grow from its estimated value of US$ 16.81 Bn in 2022 to US$ 25.71 Bn by 2030.
There are several types of apple concentrate, including puree, transparent, squeezed, powdered, and solidified concentrate. It is a crucial component in juices and other drinks. Apple concentrate's popularity among consumers has grown as a result of its therapeutic properties. Juice, squash, dairy goods, and consumer healthcare products all include various amounts of apple concentrate. Apple concentrate is favoured as a component over fruit juice.
Market Drivers
Because of the shifting lifestyles and eating patterns of consumers, packaged fruit juice consumption is on the rise and is contributing to the market's booming expansion. Manufacturers are producing a range of flavours as well as fruit juices without preservatives and sugar to increase the consumer base. Additionally, the global demand for apple concentrates is rising due to expansion in the food and beverage industry.
Apple concentrate is used in place of or in addition to sugar and corn syrup in a variety of food and beverage products, including soda pop, soft drinks, juices, and beverages. It is also a substance that is used in the pharmaceutical and cosmetics industries. The apple concentrate market is anticipated to be supported over the projected period by rising usage of apple concentrate due to different medical benefits and extended product usability.
Market Restraints
But the primary reason impeding the expansion of the apple concentrates market globally is its short shelf life. Additionally, it is anticipated that throughout the forecast period, the high levels of sugar and preservatives in packaged apple products will restrain the growth of the worldwide apple concentrates market.
Market Segmentation
The scope of the Global Apple Concentrates Market covers segmentation based on By Type, By Nature, By Application, By End-Use and By Region.
By Type, the market is segmented into Puree Concentrate, Clear Concentrate, Juice Concentrate, Powdered Concentrate, Frozen Concentrate, Filtered and Unfiltered. By Nature, the market is segmented into Organic and Conventional. By Application, the market is segmented into Juice, Soft Drinks, Squash, Flavours, Drinks and Frozen Products and Others. By End-Use, the market is segmented into Commercial and Household.
Regional Analysis
The Global Apple Concentrates Market is segmented into 5 main regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Due to customers' increased health consciousness and self-awareness, juice sales have outpaced aerated drinks in the North American market over the forecast period.
The Asia-Pacific area offers excellent growth potential. This is because numerous well-known market participants are launching new lines of merchandise, including Tropicana. In addition, companies like RAW Pressery are working to make cold-pressed juices more popular in nations like India in order to satisfy the need for sugar-free and healthful drinks.
Key Players
SUJA LIFE, PepsiCo, CEDAR Juice, Evolution Fresh, Liquiteria Inc., Bolthouse Farms, Hain Celestial, Greenhouse Juice Co, Juice Press, Preshafood.
Market Taxonomy
By Type
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