The Europe juice concentrates market is expected to grow at the CAGR of 5.3% during the forecast period. Several domestic and international companies have a strong foothold in the Europe. Germany is a major shareholder in juice concentrates market, followed by France and the UK. The region largely supports the growth of the juice concentrates market through effective manufacture and trade policies. France is expected to offer lucrative opportunities for the growth of juice concentrates market. The market for juice concentrates in Europe is witnessing growth owing to the presence of well-established players such as AGRANA Beteiligungs-AG, Archer Daniels Midland Company, Berrifine A/S, Ingredion Incorporated, Dohler GmBh, many others in this region. With increasing health consciousness among the consumers, the demand for beverage products prepared using juice concentrates in the region is expected to continue to grow over the projected period. Moreover, the higher purchasing power of the consumers and the rising preference for nutritional products has propelled the demand for juice concentrates from the food and beverage industry in Europe. The growth in this region is also driven by the introduction of regulations that mandate the usage of food safety along with production standards.
The COVID-19 first began in Wuhan (China) in December 2019, and since then, it has spread across the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst affected countries in terms confirmed cases and reported deaths as of December 2020. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The food and beverage industry is one of the major industries in Europe, suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. For instance, China is the global hub of manufacturing and the largest raw material supplier for various European industries. The overall market break down due to COVID-19 is also affecting the market growth of juice concentrates due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
The increasing obesity rates, heart disease, diabetes, along with health food fads has caused a rise in the trend for more natural & healthy food, across the Europe region. Therefore, fruit concentrate is increasingly substituted for refined sugar in a wide variety of applications such as juices, cakes, chocolates, desserts, and confectionery items. Fructose in fruit concentrate is a healthier alternative to sucrose for diabetics, as it has a lower glycemic index than sucrose. Furthermore, baked goods made with fructose will not only be sweet but however also incredibly moist because fructose attracts more water than granulated sugar. These advantages of fructose make fruit concentrate a highly-attractive natural substitute to sugar in the baking industry. Juice concentrates are high in nutrition, so the market and has witnessed a rise in demand for it. Additionally, juices are considered as a healthy alternative to carbonated drinks, which in turn aids the juice concentrates market growth in the upcoming years. Juice concentrates are again proving to be a healthy option as they are enhanced with some of the essential minerals with nutrients that are necessary by the human body. Due to the hectic lifestyle of working-class consumers and change in consumer lifestyle, people body lacks nutrients along with antioxidants which aid in dealing with various hair, heart, skin, and other health-associated problems. Due to these factors, there is a rise in demand for juice concentrates since this juice concentrates consists of the minerals & nutrients required by consumers' body.
The juice concentrates market, based on type, is segmented into fruit juice concentrates and vegetable juice concentrates. In the year of 2019, the fruit juice concentrates segment led the Europe juice concentrates market. Fruit Juice Concentrates are basically made by removing water from the fruits, which in turn reduces the volume and weight of the fruit juices. This type of concentrate is basically used as flavours and natural sweeteners for many food products. The fruit juice concentrate provides nutrition to the consumers, and the nutritious value provided by the fruit juice concentrates determined by the number of additives that are added to the fruit juice concentrates. The fruit juice concentrates that contain “punch” or “beverage” in their name instead of “100 percent natural fruit juice” are considered to contain additives and preservatives. These concentrates have used an alternative for fresh fruits as they are low on cost and provide a longer shelf life. Fruit juice concentrates have many applications in the food industry.
The juice concentrates market, based on ingredient type, is segmented into top single fruit/vegetable concentrates and multi-fruit/vegetable concentrates. In the year of 2019, the multi-fruit/vegetable concentrates segment led the Europe juice concentrates market. Multi fruit/vegetable concentrate is basically that juice concentrate which is made with the use of two or more fruits or vegetables. These juice concentrates are obtained from a mixture of two or more fruits/vegetables. Thus, these juice concentrates provide a different taste to the consumers as compared to a single fruit/vegetable concentrate. These concentrates meet the standards and the taste characteristics to be used on the production of beverages and soft drinks. The mixture or combination of fruits/vegetables makes the concentrate healthier. These multi fruit/vegetable concentrate is used in the food industry such as in the dairy products, bakery, soft drinks and many more sectors.
The juice concentrates market, based on application, is segmented into beverages, soups & sauces, dairy, bakery & confectionery, and others. In the year of 2019, the beverage segment led the Europe juice concentrates market. The fruit and vegetable juice concentrates are being widely used in the beverage sector. The fruit concentrates are mostly used in the production of non-alcoholic and alcoholic beverages. Nowadays, consumers are changing their lifestyle and becoming more and more health-conscious, and thus, the demand for health drinks in the beverage sector has increased. The health-conscious consumers demand such beverages that have fruit or vegetable content in them. This has resulted in an increase in the demand for fruit and vegetable concentrates as per the preference of the consumers. The hectic lifestyle of the consumers has increased the demand for convenient food and beverages and has increased the production of beverages that are healthy and convenient to consume.
The juice concentrates market, based on form, is segmented into clear concentrate, powdered concentrate, and frozen concentrate. In the year of 2019, the clear concentrate segment has led the Europe juice concentrates market. The clear concentrate juice is basically obtained from a clear filtration process. These are healthier than the other two concentrates and are sweetened with natural fruit sugars rather than added sugars. The juice is clear and transparent. These are basically made from fruit or vegetable extracts and might contain some harbor additives. These concentrates contain nutrients like Vitamin C.
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 25,916.85 Million |
| Market Size by 2027 | US$ 38,874.28 Million |
| Global CAGR (2020 - 2027) | 5.3% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Type
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| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The List of Companies- Europe Juice Concentrates Market