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Fruit Concentrate Market Size (2024 - 2029)

The Fruit Concentrate Market is projected to experience growth over the forecast period, driven by increased demand from the beverage industry and the preference for liquid concentrates due to their superior texture and consistency. The market's expansion has been influenced by challenges such as supply chain disruptions and workforce shortages during the COVID-19 pandemic, which temporarily hindered production and distribution. Despite these setbacks, the market is expected to recover and grow, reflecting a positive trend in market size and share.

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Market Size of Fruit Concentrate Industry

Fruit Concentrate Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 46.67 Billion
Market Size (2029) USD 58.47 Billion
CAGR (2024 - 2029) 4.61 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Fruit Concentrate Market Major Players

*Disclaimer: Major Players sorted in no particular order

Fruit Concentrate Market Analysis

The Fruit Concentrate Market size is estimated at USD 46.67 billion in 2024, and is expected to reach USD 58.47 billion by 2029, growing at a CAGR of 4.61% during the forecast period (2024-2029).

The COVID-19 pandemic has significantly impacted the growth of the Fruit Concentrate Market. Due to the strict restrictions, the manufacturing units were temporarily shut down, which affected the volume production of the Fruit Concentrate. The shortage of the workforce was observed owing to the movement of the crew to their native places impacted the market growth during this period. Also, the disruption in the supply chain led to the shortage of raw materials and the distribution of the end products. According to the world bank, the import of fruits and vegetables from Jan 2019 to Feb. 2020 has declined by 81.8%, owing to supply chain disruptions followed by export restrictions. Therefore, the impact of COVID-19 on the market has limited the supply of fruits for producing fruit concentrates.

Aided by the additional demand from the beverage industry due to the increased consumption of convenience products, including on-the-go beverages, the fruit concentrates market is estimated to experience a significant hike in the forecast period.

Many food manufacturers consider liquid concentrates preferable due to their better texture attributes and feasible consistency. Hence, it holds the largest revenue share in the market.

Fruit Concentrate Industry Segmentation

Fruit concentrate is a fruit with the water removed. Fruit concentrates are made by washing, scrubbing, and crushing the fruit into a pulp. The global fruit concentrate market is segmented into fruit type, product form, application, and geography. The fruits segment of the market includes citrus fruits, red fruits and berries, tropical fruits, and others. By product form, the market is segmented into liquid, powder, and others. The market is segmented by beverage, bakery, confectionery, dairy, and others. Further, the study covers the regional analysis of North America, Europe, Asia-Pacific, South America, and Middle-East and Africa. For each segment, the market sizing and forecasting have been done in value terms (USD million).

By Fruit Type
Citrus Fruits
Red Fruits and Berries
Tropical Fruits
Others
By Product Form
Liquid Concentrate
Powder Concentrate
Others
By Application
Beverages
Bakery
Confectionery
Dairy
Others
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
United Arab Emirates
Saudi Arabia
Rest of Middle-East and Africa
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Fruit Concentrate Market Size Summary

The fruit concentrate market is poised for steady growth over the forecast period, driven by increasing demand from the beverage industry and a shift towards natural and healthy food alternatives. The market's expansion is supported by the growing trend of using fruit concentrates as a substitute for refined sugars in various food applications, such as juices, baked goods, and confectionery items. This shift is largely attributed to rising health concerns, including obesity and diabetes, which have led consumers to seek healthier options with lower glycemic indices. The market is characterized by a preference for liquid concentrates due to their superior texture and consistency, which holds a significant share of the market revenue. North America, particularly the United States, leads the market, fueled by a high consumption of ready-to-drink products and a focus on health and nutrition.

The global fruit concentrate market is highly competitive, with numerous local and international players employing strategies like new product launches, partnerships, and acquisitions to strengthen their market positions. Key players such as Döhler, Ingredion Inc., Kerry Inc., and Archer Daniels Midland Company are actively expanding their offerings and capabilities. Recent developments include Kerry Group's introduction of a natural citrus extract technology and Vie-Del Company's acquisition of grape concentrate business lines, highlighting ongoing innovation and strategic growth initiatives. The market's trajectory is further supported by the increasing demand for natural foods and the expansion of production facilities, such as Kerry's new site in Mexico, which aims to enhance local and sustainable taste solutions across various food and beverage categories.

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Fruit Concentrate Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Force Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Fruit Type

      1. 2.1.1 Citrus Fruits

      2. 2.1.2 Red Fruits and Berries

      3. 2.1.3 Tropical Fruits

      4. 2.1.4 Others

    2. 2.2 By Product Form

      1. 2.2.1 Liquid Concentrate

      2. 2.2.2 Powder Concentrate

      3. 2.2.3 Others

    3. 2.3 By Application

      1. 2.3.1 Beverages

      2. 2.3.2 Bakery

      3. 2.3.3 Confectionery

      4. 2.3.4 Dairy

      5. 2.3.5 Others

    4. 2.4 Geography

      1. 2.4.1 North America

        1. 2.4.1.1 United States

        2. 2.4.1.2 Canada

        3. 2.4.1.3 Mexico

        4. 2.4.1.4 Rest of North America

      2. 2.4.2 Europe

        1. 2.4.2.1 United Kingdom

        2. 2.4.2.2 Germany

        3. 2.4.2.3 France

        4. 2.4.2.4 Russia

        5. 2.4.2.5 Italy

        6. 2.4.2.6 Spain

        7. 2.4.2.7 Rest of Europe

      3. 2.4.3 Asia-Pacific

        1. 2.4.3.1 India

        2. 2.4.3.2 China

        3. 2.4.3.3 Japan

        4. 2.4.3.4 Australia

        5. 2.4.3.5 Rest of Asia-Pacific

      4. 2.4.4 South America

        1. 2.4.4.1 Brazil

        2. 2.4.4.2 Argentina

        3. 2.4.4.3 Rest of South America

      5. 2.4.5 Middle-East and Africa

        1. 2.4.5.1 United Arab Emirates

        2. 2.4.5.2 Saudi Arabia

        3. 2.4.5.3 Rest of Middle-East and Africa

Fruit Concentrate Market Size FAQs

The Fruit Concentrate Market size is expected to reach USD 46.67 billion in 2024 and grow at a CAGR of 4.61% to reach USD 58.47 billion by 2029.

In 2024, the Fruit Concentrate Market size is expected to reach USD 46.67 billion.

Fruit Concentrate Market Report Snapshots

Fruit Concentrate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)