What is Global Fruit Concentrate Market?
The Global Fruit Concentrate Market is a vast and dynamic sector that deals with the production, distribution, and sale of concentrated fruit products. These products are derived from a variety of fruits, including but not limited to oranges, tomatoes, strawberries, mangoes, guavas, apples, peaches, and apricots. The process of concentration involves reducing the water content of the fruit, resulting in a product that is rich in flavor and nutrients, and has a longer shelf life. This market is driven by the increasing demand for healthy, convenient, and long-lasting food products. The global market for fruit concentrates was valued at US$ 33,740 million in 2022 and is expected to grow to US$ 43,290 million by 2029, at a compound annual growth rate (CAGR) of 3.6% from 2023 to 2029. The leading producers in this market are Al Shams Agro Group, Agrana, and Juhayna Food Industries, which accounted for 8.09%, 5.35%, and 4.91% of the market revenue, respectively, in 2019.
Orange, Tomato, Strawberry, Mango, Guava, Apple, Peach, Apricot, Others in the Global Fruit Concentrate Market:
Fruit concentrates are used in a variety of industries, including the ice cream industry, dairy industry, fruit juice industry, foodservice industry, bakery industry, among others. In the ice cream industry, fruit concentrates are used to add flavor and color to the product. In the dairy industry, they are used in products like yogurts and flavored milk. The fruit juice industry is one of the largest consumers of fruit concentrates, using them to produce juices that are rich in flavor and nutrients. In the foodservice industry, fruit concentrates are used in the preparation of a variety of dishes, from desserts to main courses. The bakery industry uses fruit concentrates in the production of pastries, cakes, and other baked goods. The use of fruit concentrates in these industries is driven by the demand for products that are flavorful, nutritious, and have a long shelf life.
Ice Cream Industry, Dairy Industry, Fruit Juice Industry, Foodservice Industry, Bakery Industry, Others in the Global Fruit Concentrate Market:
The global Fruit Concentrate market, which was valued at US$ 33740 million in 2022, is projected to reach a value of US$ 43290 million by 2029. This indicates a steady growth, with a Compound Annual Growth Rate (CAGR) of 3.6% during the forecast period of 2023-2029. The market is dominated by key players such as Al Shams Agro Group, Agrana and Juhayna Food Industries, who held revenue shares of 8.09%, 5.35% and 4.91% respectively in 2019. These figures highlight the competitive nature of the market, with these leading producers vying for a larger share of the market.
| Report Metric | Details |
| Report Name | Fruit Concentrate Market |
| Accounted market size in 2022 | US$ 33740 million |
| Forecasted market size in 2029 | US$ 43290 million |
| CAGR | 3.6% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Al Shams Agro Group, Agrana, Juhayna Food Industries, Faragalla, Döhler, Ingredion, Inc., SunOpta, UEFCON, MisrItaly Group |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
