Global Apple Concentrates Market, By Type (Puree Concentrate, Clear Concentrate, Juice Concentrate, Powdered Concentrate, Frozen Concentrate, Filtered and Unfiltered), Nature (Organic and Conventional), Application (Juice, Soft Drinks, Squash, Flavours, Drinks and Frozen Products and Others), End-Use (Commercial and Household) – Industry Trends and Forecast to 2029.
Apple Concentrates Market Analysis and Size
In the beverage industry, carbonated apple juice is a new trend. Despite traditional apple juice products' dominance, carbonated juices and other carbonated apple products are expected to gain significant traction in the future. Juice manufacturers are focusing on adding extra vitamins and minerals in response to changing consumer taste, preference, and demand.
Apple concentrates market was valued at USD 15.45 billion in 2021 and is expected to reach the value of USD 24.26 billion by 2029, at a CAGR of 5.80% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Apple Concentrates Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Puree Concentrate, Clear Concentrate, Juice Concentrate, Powdered Concentrate, Frozen Concentrate, Filtered and Unfiltered), Nature (Organic and Conventional), Application (Juice, Soft Drinks, Squash, Flavours, Drinks and Frozen Products and Others), End-Use (Commercial and Household),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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SUJA LIFE (US), PepsiCo (US), CEDAR Juice (Canada), Evolution Fresh (US), Liquiteria Inc. (US), Bolthouse Farms (US), Hain Celestial (US), Greenhouse Juice Co (Canada), Juice Press (US), Preshafood (Australia), Juice Warrior (US), Juice Generation (US), Rakyan Beverages (India) and Starbucks Coffee Company (US)
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Opportunities
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Market Definition
Apple concentrate comes in various forms such as puree, clear, squeezed, powdered, or solidified concentrate. It is a key ingredient in juices and other beverages. The medical benefits of apple concentrate have increased customer demand in the market. Apple concentrate is present in varying percentages in consumer healthcare products, juice, squash, and dairy items. Apple concentrate is preferred over natural product juice as an ingredient.
Drivers
- Growing demand for on the go nutritional products
Consumers' changing lifestyles and eating habits have resulted in an increased intake of affordable, healthy, and quick sources of nutrition such as packaged fruit juices, flourishing market growth. To broaden the consumer base, manufacturers are introducing a variety of flavours as well as preservative-free and sugar-free fruit juices. Furthermore, growth in the food and beverage industry is increasing global demand for apple concentrates market.
- Use of apple concentrates in various end user industry
Apple concentrate is used as sugar or as an alternative to corn syrup and sugar in food and beverage products such as soda pops, soft drinks, beverages, and juices. Furthermore, it is an ingredient that is finding use in cosmetics and the pharmaceutical industry. Increasing use of apple concentrate due to various medical benefits and longer product usability are expected to support the apple concentrate market during the forecast period.
Opportunity
The increasing research and development expenditures, mainly in developed and developing economies, will create even more lucrative market growth opportunities. The research and development capabilities being used to study the effects of apple concentrates on the immune system are also boosting market growth rates. The low and minimal investment required has resulted in an increase in the number of vendors on the roads on a daily basis. This is yet another important determinant of market growth.
Restraints
However, the short shelf life is the main factor limiting the global apple concentrates market's growth. Furthermore, high levels of sugar and preservatives in packaged apple products are expected to stifle growth in the global apple concentrates market during the forecast period.
This apple concentrates market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the apple concentrates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Apple Concentrates Market
China is the world's largest producer of apple juice. As a result, the impact of coronavirus is likely to have a global impact on the apple concentrate industry. China supplies roughly 66 percent of the apple juice consumed in the United States. In this way, squeezed apple shortages in the United States are likely to be the result of two issues: delays in export from Chinese ports to those in the United States. Orders are also being cancelled because merchants in the United States are sceptical of the trading system with China. National and international transport have been hampered as a result of the lockdown implemented in various countries, which has significantly impacted the supply chain of numerous industries around the world, thereby increasing the supply-demand gap.
Recent Development
- In February 2019, Amul, one of India's leading dairy market players, announced its entry into the packaged juice market with the launch of its new brand, "Tru." Amul intends to launch a line of juices in the flavours of litchi, mango, apple, and orange. These items are sold in PET bottles with a capacity of 200 ml. The company intends to compete with major Indian brands such as Real Fruit Juice, B Natural, and Tropicana with the launch of this product.
- In June 2019, Nutricane Beverages, the owner of the brand OMG! and an innovator in the beverage sector in India, announced the launch of new products under its OMG! Product line. OMG! Mango Sugarcane Juice and OMG! Guava Sugarcane Juice were the first products to be released. These newly launched products were created by combining fruit juices and sugarcane juices to provide a more premium taste to consumers looking for new and unique products. The company used a proprietary technology called Fresh Fusion, which is patent pending, to extend the shelf life of sugarcane juice.
Global Apple Concentrates Market Scope
The apple concentrates market is segmented on the basis of type, nature, application and end use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Puree Concentrates
- Clear Concentrate
- Juice Concentrate
- Powdered Concentrate
- Frozen Concentrate
- Filtered and Unfiltered
Nature
- Organic
- Conventional
Application
- Juice
- Soft Drinks
- Squash
- Flavours
- Drinks and Frozen Products
- Others
End use
- Commercial
- Household
Apple Concentrates Market Regional Analysis/Insights
The apple concentrates market is analysed and market size insights and trends are provided by country, of type, nature, application and end use as referenced above.
The countries covered in the apple concentrates market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North American region hold a significant market share over the forecast period because consumers are becoming more health conscious and self-aware, they are switching to juices rather than aerated drinks.
Asia-Pacific region has significant growth prospects. This is due to the fact that various globally popular market players, such as Tropicana, are launching a new variety of products. Furthermore, brands such as RAW pressery are attempting to popularise cold-pressed juices in countries such as India in order to cater to the population seeking no sugar and healthy juices.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Apple Concentrates Market Share Analysis
The apple concentrates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to apple concentrates market.
Some of the major players operating in the apple concentrates market are:
- SUJA LIFE (US)
- PepsiCo (US)
- CEDAR Juice (Canada)
- Evolution Fresh (US)
- Liquiteria Inc. (US)
- Bolthouse Farms (US)
- Hain Celestial (US)
- Greenhouse Juice Co (Canada)
- Juice Press (US)
- Preshafood (Australia)
- Juice Warrior (US)
- Juice Generation (US),
- Rakyan Beverages (India)
- Starbucks Coffee Company (US)
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