Apple concentrates, derived from fresh apple juice, serve various applications. They're a key ingredient in the beverage industry, used in juices, ciders, and soft drinks. In the food sector, they enhance flavors in jams, sauces, and desserts. Their natural sweetness and preservation qualities make them popular. Features of apple concentrates include long shelf life and consistent flavour. In industrial applications, apple concentrates are used for flavoring and sweetening, especially in confectionery. Their versatility and ability to impart apple's distinct taste make them valuable in both the food and beverage industries.
According to Data Bridge Market Research, the Global Apple Concentrates Market accounted for USD 15.45 billion in 2021 and is expected to reach USD 24.26 billion by 2029. The market is expected to grow with a CAGR of 5.80% in the forecast period of 2022 to 2029.
“Rising demand for on-the-go nutritional products boosts the market’s growth”
The apple concentrates market is experiencing growth due to the rising demand for on-the-go nutritional products. Apple concentrates are used in various convenient and portable food and beverage items, such as juices, snacks, and energy bars. With consumers increasingly seeking healthy and natural options, apple concentrates serve as a valuable ingredient, providing the nutritional benefits of apples in a convenient format. This growing trend toward convenient and nutritious products is driving the market's expansion as manufacturers cater to consumer preferences for healthier on-the-go choices.
What restraints the growth of the global apple concentrates market?
“Short shelf life of apple concentrates restraints the market’s growth”
The short shelf life of apple concentrates poses a significant restraint on market growth. Unsuch as other processed foods with extended shelf lives, apple concentrates are susceptible to spoilage and degradation, limiting their storage and distribution capabilities. This constraint can lead to increased waste and logistical challenges, making it less appealing for manufacturers and retailers. As consumers seek longer-lasting products, the short shelf life of apple concentrates hinders their adoption and market penetration, posing a notable obstacle to growth.
Segmentation: Global Apple Concentrates Market
The global apple concentrates market is segmented on the basis of type, nature, application, and end-use.
- On the basis of type, the market is segmented into puree concentrate, clear concentrate, juice concentrate, powdered concentrate, frozen concentrate, filtered and unfiltered.
- On the basis of nature, the market is segmented into organic and conventional.
- On the basis of application, the market is segmented into juice, soft drinks, squash, flavours, drinks and frozen products, and others.
- On the basis of end-use, the market is segmented into commercial and household.
Regional Insights: North America dominates the Global Apple Concentrates Market
North America region holds a significant market share over the forecast period due to the shift from aerated drinks to juices is driven by increasing health consciousness. Consumers are becoming more self-aware of their dietary choices, opting for juices as a healthier alternative. Juices offer natural flavors, fewer additives, and vital nutrients, aligning with the growing preference for nutritious and wholesome beverage options.
Asia-Pacific region has significant growth prospects due to the introduction of diverse product ranges by globally renowned market leaders such as Tropicana. Additionally, brands such as RAW presses are striving to promote cold-pressed juices, especially in regions such as India, to meet the demand from health-conscious consumers seeking sugar-free and nutritious juice options.
Recent Developments
- In February 2019, Amul, a prominent player in India's dairy market, unveiled its foray into the packaged juice segment through its new brand, "Tru." The company is set to introduce a range of juices in litchi, mango, apple, and orange flavors, available in 200 ml PET bottles. This move positions Amul in direct competition with established Indian brands such as Real Fruit Juice, B Natural, and Tropicana, as it ventures into the competitive juice market.
- In June 2019, Nutricane Beverages, the company behind the brand OMG! And known for its innovative approach in the Indian beverage sector, has introduced new offerings within its OMG! product line. The initial releases include OMG! Mango Sugarcane Juice and OMG! Guava Sugarcane Juice. These novel products blend fruit juices with sugarcane juice, catering to consumers seeking premium and distinctive flavors. Nutricane Beverages employed an exclusive technology called Fresh Fusion, which is currently patent pending, to prolong the shelf life of sugarcane juice, ensuring a longer-lasting and flavorful product.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-apple-concentrates-market
The Prominent Key Players Operating in the Global Apple Concentrates Market Include:
- SUJA LIFE (U.S.)
- PepsiCo (U.S.)
- CEDAR Juice (Canada)
- Evolution Fresh (U.S.)
- Liquiteria Inc. (U.S.)
- Bolthouse Farms (U.S.)
- Hain Celestial (U.S.)
- Greenhouse Juice Co (Canada)
- Juice Press (U.S.)
- Preshafood (Australia)
- Juice Warrior (U.S.)
- Juice Generation (U.S.)
- Rakyan Beverages (India)
- Starbucks Coffee Company (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of global apple concentrates market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Apple Concentrates Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
