Juices And Juice Concentrates Global Market Navigating Trends, Share Report, Growth Drivers, Market Size And Future Outlook 2024-2033

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Overview and Scope
Juice is a natural fluid portion that can be squeezed out of vegetables and fruits for drinking. The juice concentrate is a powder made from an extract of a real fruit (such as an orange or lemon), whose water content has been drained and dried. Concentrate is the powdered form of the juice.

Sizing and Forecast
The juices and juice concentrates market size has grown steadily in recent years. It will grow from $35.82 billion in 2023 to $37.11 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to health and wellness trends, flavor innovation, convenience and on-the-go consumption, marketing and branding strategies, rising disposable income.

The juices and juice concentrates market size is expected to see steady growth in the next few years. It will grow to $42.26 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to functional ingredients, sustainability practices, rising health consciousness, transparency and clean label, personalization trends. Major trends in the forecast period include innovative processing technologies, digital marketing and e-commerce, functional and health-boosting varieties, clean label and natural ingredients, sugar reduction and low-calorie options, cold-pressed and raw juices.

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Segmentation & Regional Insights
The juices and juice concentrates market covered in this report is segmented –
1) By Type: Juices, Juice Concentrates
2) By Concentration: Concentrated, Non-concentrated
3) By Distribution Channel: Supermarket Or Hypermarkets, Convenience Stores, Specialty Food Stores, Online Retail, Other Distribution Channels
4) By Application: Bakery And Confectionery, Beverages, Dairy Food, Soups And Sauces, Other Applications

Asia-Pacific was the largest region in the juices and juice concentrates market in 2023. The regions covered in the juices and juice concentrates market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The expansion of the food and beverage sector is expected to propel the growth of the juices and juice concentrates market going forward. The food and beverage sector encompass all organizations that process, package, and distribute raw food products. Consumers are preferring beverages with healthier option and these juices and juice concentrate acts as a replacement for sugar and flavoring agent juices, and contributing to a healthy beverages options, as a result, the expansion of the food and beverage sector boosts the growth of the juices and juice concentrate market. For instance, in December 2022, according to a report published by FoodDrinkEurope, a Food industry confederation in the European Union, the EU food and drink industry turnover was €1,121 billion ($1185.74 billion) in 2022 up from €1,093 billion ($1157 billion) in 2021. Therefore, the expansion of the food and beverage sector is driving the juices and juice concentrates market.

Key Industry Players
Major companies operating in the juices and juice concentrate market are adopting strategic partnerships to drive their revenues in the market. These partnerships involve collaborations between companies to achieve mutual benefits, such as expanding market reach, enhancing product innovation, and leveraging each other’s strengths. For instance, in September 2021, Valrhona, a France-based chocolate manufacturer, partnered with Koa, a Switzerland-based cocoa company, to launch Oabika, a cocoa fruit juice concentrate for chefs and other gastronomy professionals. First developed specifically for the food service industry, Oabika is a 72° Brix cocoa fruit juice concentrate. Due to its amber hue and silky consistency, it has the highest concentration in the food service industry.

The juices and juice concentrates market report table of contents includes:
1. Executive Summary