The Global Apple Juice Concentrate Market Growth Accelerated By Rising Health Consciousness

 

Apple Juice Concentrate Market

Apple juice concentrate is a processed liquid product obtained by condensing fresh apple juice into a thick syrup. It finds wide applications in beverage manufacturing, dairy, bakery, confectionery and other industries owing to its nutritional properties and natural sweetness. The product retains much of the nutritional value of fresh apples including antioxidants, vitamins and minerals. Moreover, it offers advantages like longer shelf life and easier transportation compared to fresh apples. The growing health consciousness among consumers is prompting a shift toward healthy beverages with natural ingredients like apple juice.

The global Apple Juice Concentrate Market is estimated to be valued at US$ 2.77 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends:

The increasing demand for healthy beverages free of artificial ingredients is a major driver for the apple juice concentrate market. Consumers are increasingly opting for natural alternatives to carbonated beverages, juices with added sugars and other processed drinks. Apple juice concentrate is an all-natural solution for manufacturers tapping into this growing demand. Moreover, its adaptability across diverse applications in food & beverage processing also aids its wide adoption compared to other fruit juice concentrates. The rising application of apple juice concentrate as a sweetener in carbonated drinks, dairy products and bakery items is opening new growth avenues. Manufacturers are coming up with innovative product formulations infused with apple juice concentrate to cater to dynamic customer preferences.

 

Segment Analysis

 

The global apple juice concentrate market is dominated by three sub-segments - Cloudy, Clear and Filtered. The cloudy sub-segment accounts for more than 40% share of the total market owing to its naturally sweet taste and more nutrient content than processed clear apple juice concentrate. Cloudy concentrate retains all the essential nutrients, fibers, minerals and vitamins during the extraction process compared to clear concentrate where cloudy parts are filtered out. This makes cloudy concentrate a preferred choice among health conscious consumers.

 

Key Takeaways

 

The Global Apple Juice Concentrate Market Size is expected to witness high growth over the forecast period of 2023 to 2030. Rapid urbanization coupled with rising health consciousness is driving the demand for natural fruit juices as an alternative to carbonated drinks and other artificially flavored beverages. The global Apple Juice Concentrate Market is estimated to be valued at US$ 2.77 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030.

 

Regional analysis:

 

Europe accounts for the largest share in the global apple juice concentrate market currently led by countries like Germany, Poland and France. Moderately cold climate and high apple cultivation in countries like Germany, Poland makes Europe an ideal region for apple farming. Easy availability of raw materials along with presence of major players processing apple juice has led to Europe's dominance. However, Asia Pacific region is expected to outpaced others with a CAGR of over 7% during the forecast period on back of rising middle class population and their increasing expenditure on healthy beverages in major countries like China and India.

 

Key players:

 

Key players operating in the apple juice concentrate market are AGRANA Beteiligungs-AG, Baor Products, CitroGlobe S.r.l., Döhler GmbH, FIL Industries Private Limited, Fructrum GmbH, FruitSmart, H&H Products Company, Hermann Pfanner Getränke GmbH, Himalyan Food Park, Ingredion, Lizaz Food Processing, Old Orchard Brands, LLC. Major players are focused on capacity expansion as well as new product launches catering to changing consumer preferences towards more nutritional drinks with natural ingredients.


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https://www.newsstatix.com/apple-juice-concentrate-market-size-share-growth-outlook-2023/

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