About Juice Concentrate
Juice concentrate is produced by removing water content from fruit and vegetable juices. It is a type of fruit and vegetable ingredient which is used for manufacturing beverages, and in bakery, confectioneries, dairy products, and soups and sauces. The global fruit and vegetable ingredients market is currently growing at a moderate rate. This is because these ingredients have diverse industrial uses, such as in bakeries, beverages, confectionery items, ready to eat products, and dairy.
Technavio’s analysts forecast the global juice concentrate market to grow at a CAGR of 6.69% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global juice concentrate market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Juice Concentrate Market 2017-2021
Technavio recognizes the following companies as the key players in the global juice concentrate market: AGRANA Beteiligungs, Archer Daniels Midland, Ingredion, SVZ Industrial Fruit & Vegetable Ingredients, and SunOpta.
Other Prominent Vendors in the market are: Cobell, DÖHLER, FruitSmart, GRUENEWALD INTERNATIONAL, Kanegrade, Lakeside Food Sales, Milne, Northwest Naturals, Old Orchard Brands, Steinhauser Group, Vegetable Juices, and Welch’s.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is product launches. Product development, improved taste and versatility, along with high levels of marketing support, will increase the demand for juice concentrates in the market. Thus, several players are currently launching juice concentrate ranges to expand their portfolio of products.”
According to the report, one driver in the market is demand for aseptic juice concentrates. Consumers are currently inclining more toward healthy food and beverages, owing to their increasing concerns pertaining to the safety of food and beverages. This factor conflicts with the processing of juice concentrates. To address this issue, players have started using preservation methods like aseptic processing to produce juice concentrates that are free from synthetic and chemical preservatives. Aseptic juice concentrates offer features like: Maintained quality, Increased shelf life, and Optimized transport and storage cost.
Further, the report states that one challenge in the market is impact of guidelines in various countries. The overconsumption of sugar is linked to diseases and health conditions such as obesity, type 2 diabetes, and tooth decay. Sugary drinks constitute a major source of sugar in the diet, and their consumption is increasing in most countries (particularly among children and adolescents). Thus, in 2016, World Health Organization (WHO) recommended that the consumption of free sugar should be curtailed to less than 10% of the daily energy intake for adults and children alike.
AGRANA Beteiligungs, Archer Daniels Midland, Ingredion, SVZ Industrial Fruit & Vegetable Ingredients, SunOpta, Cobell, DÖHLER, FruitSmart, GRUENEWALD INTERNATIONAL, Kanegrade, Lakeside Food Sales, Milne, Northwest Naturals, Old Orchard Brands, Steinhauser Group, Vegetable Juices, and Welch’s.
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