Fruit Concentrate Market Overview:
The beverage industries have wide use of fruit concentrates and fruit juices which acts as natural sweeteners and substitute for sugar in many desserts. The trend towards the food concentrate consumptions makes the food concentrate market popular in developing countries. People opting for nutritional food are increased in developed countries as they are aware of change in food habits. The use of fruit concentrate makes consumers to have products in a natural form. The market is categorized by product form, application and fruit type. This product is available in liquid concentrate, powder concentrate, puree concentrate, clear concentrate, and frozen concentrate. The liquid concentrate plays leading concentrate in beverage industry. The clear concentrate is to show significant role in the future.
The global Fruit Concentrate Market was valued at USD xx million in 2015 and is projected to increase up to USD xx million by 2023 growing at a CAGR of xx% during the forecast period 2015 to 2023.
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Fruit Concentrate Market Drivers and Restraints:
Fruit concentrate has tremendous growth both in developing and developed countries. The change in lifestyle, increasing demand for healthy and convenient food, and rising income in urbanization are major driving factors of fruit concentrate market. As fruit concentrate is convenient in beverage and bakery industry the demand for fruit concentrate is increasing rapidly. The interests of consumers have changed from alcoholic beverages to fruit concentrate as these are much healthier than alcoholic beverages. The demand for fruit concentrate in beverages industry is very high. Fruit concentrate occupy less volume and costs less comparatively. As it can be also added as sugar substitute, bakery sector demand for fruit concentrate is high. However, nothing can competitive with a fresh fruit as fruit concentrates are high in fructose, which is of high calorie substitute, decreasing the growth of fruit concentrate. Juices are the leading application of fruit concentrate in the forecast period.
Fruit Concentrate Market Geographical Segmentation:
Geographically, the fruit concentrate segments into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is leading among all the regions as there is increasing popularity among people with the altering preferences and trends. Asia Pacific is expected to be the fast-growing region in the fruit concentrate market. India dominates mango fruit concentrate while china is dominating apple concentrates market.
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Key Players of Fruit Concentrate Market:
The key players in the market are Kerry Group Plc., Oceanaa, Capricon, AGRANA Group, Dohler Group, Cherimoya, Coca Cola’s Minute Maid, Pioma Industries, SVZ, Starfruit, Acerola, Lychee, Rudolf Wild Gmbh & Co. Kg, Sky people Fruit Juice Inc., and Hershey
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