Fruit Concentrate Market growing at a CAGR of 4.1% from 2023 to 2030

Request Free Sample Report: https://www.grandviewresearch.com/industry-analysis/fruit-concentrate-market-report/request/rs1

The rise in the number of consumers consuming alternatives for sugar has propelled the demand for the replacement of natural fruit extracts in several food and beverage applications such as confectionery, snacks, juices, and chocolates. Moreover, the fructose present in fruits is a healthier alternative as it provides ideal sweetness and enhances moisture in food applications.

In addition, there is a shifting consumption trend towards refined fruit puree concentrates instead of natural fruit juices. This trend is primarily driven by the unavailability of certain seasonal fruits throughout the year. Fruit concentrate puree offers a concentrated form of fruit that can be used as a substitute for fresh fruits or natural fruit juices throughout the year. The refining process removes water content while retaining the flavor, nutrients, and fiber present in the fruit. This makes fruit concentrate puree a versatile ingredient that can be used in various food and beverage applications, including smoothies, sauces, fillings, and baked goods.

Fruit concentrates are a convenient option for both manufacturers and consumers as they are easier to store, transport, and handle compared to fresh fruits. Concentrates have a longer shelf life as they undergo the process of water content removal, which helps in inhibiting microbial growth and preserving the product. This extended shelf life reduces the risk of spoilage, which makes fruit concentrates a practical choice for manufacturers, retailers, and consumers.

The food and beverage industry is a significant driver of the fruit concentrate market. Fruit concentrates are used as key ingredients in a wide range of products, including juices, smoothies, nectars, ice creams, yogurts, baked goods, sauces, and more. They serve multiple functions in food production, such as providing natural sweetening, enhancing flavors, adding color, and improving texture.

Source Insights

In terms of source, the apple fruit extract segment held the largest share of 21.63%, in terms of revenue, in 2022. Apple concentrate helps in enhancing the flavor of food and beverages. It provides a concentrated apple taste, adding a natural fruity flavor to the final product. In addition, it acts as a natural sweetener, eliminating the need for artificial sweeteners. The sweet and tangy profile of apple concentrate makes it a popular ingredient in various applications, such as sweetening beverages, sauces, and baked goods. For instance, in March 2019, Minute Maid, a subsidiary of Coca Cola announced the launch of an apple sparkle drink that includes apple concentrate from Kashmiri Apples sourced from India.

On the other hand, the berry concentrate segment showcased a significant CAGR of 4.3% during the forecast period. The growing usage of berries in supplements, gummies, and snacks to impart color and antioxidant properties is fueling the demand for the segment.Berries consumed in the form of supplements have shown significant improvements in fat breakdown, appetite suppression, and enhancement of the body’s resting metabolism. With an increasing focus on health and fitness due to the rising prevalence of severe health conditions, there is a potential for regional demand for berry-flavored supplements. In June 2022, Symrise announced the launch of blueberry ingredients for usage in baby food.

Application Insights

The food and beverage segment held the largest revenue share of 34.01% in 2022. Fruit concentrates offer significant convenience to food and beverage manufacturers. They are easy to store, transport, and handle compared to fresh fruits. In addition, fruit concentrates can be used in smaller quantities to achieve the desired flavor and sweetness, making them cost-effective for large-scale production. In February 2023, Austria Juice showcased its collection of organic fruit juice concentrates in BioFach made from organic fruits and berries. Better Juice company is also actively investing in research and development (R&D) initiatives to reduce the amount of sugar in berries and fruits, to make them ideal for food and beverage manufacturers.

The pet food segment is expected to showcase a CAGR of 3.7% during the forecast period. Pet owners are increasingly seeking natural and healthy ingredients for their pets’ food. Fruit concentrates are a healthier alternative to artificial additives or flavorings. Fruit concentrates are rich in vitamins, minerals, and antioxidants, which can be beneficial for pets’ overall health and well-being. For instance, U.S.-based Tree Top Inc. offers pet food manufacturers a wide range of fruit ingredients in different forms.

Fruit Concentrate Market Report Scope

Report Attribute	Details
Market size value in 2023	USD 111.59 billion
Revenue forecast in 2030	USD 148.55 billion
Growth Rate (Revenue)	CAGR of 4.1% from 2023 to 2030
Base year for estimation	2022
Historical data	2017 – 2021
Forecast period	2023 – 2030
Quantitative units	Revenue in USD Million, Volume in Kilo Tons, and CAGR from 2023 to 2030
Report coverage	Revenue and volume forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered	Source, application, distribution channel, region
Regional scope	North America; Europe; Asia Pacific; Central & South America; Middle East & Africa
Country scope	U.S.; Canada; Mexico; UK; Germany; France; Italy; Spain; China; India; Japan; Australia & New Zealand; South Korea; Brazil; Argentina; South Africa; UAE
Key companies profiled	Skypeople Fruit Juice Inc.; Royal Cosun; Kerr Concentrates, Inc.; Dohler GmBH; Archer Daniels Midland; Agrana Beteiligungs Ag; China Haiseng Juice Holdings Co., Ltd; Lemon Concentrate, S.L.; Rudolf Wild GmBH & Co. Kg; Sunopata Inc.
Customization scope	Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options