Global Fruit Concentrate Market-Growth, Trends and Forecasts 2017 - 2022

  • ID: 4386437
  • Report
  • Region: Global
  • 154 pages
  • Mordor Intelligence
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Market Insights

Fruit concentrates are most widely used in the beverage industry. They are also used as natural sweeteners and as a substitute for sugar in a variety of applications such as desserts and confectionery items. The product is approximately 3 to 7 times concentrated, hence, less in volume, due to which transportation, shipping, and warehousing become easier and less expensive. Fruit concentrates can be just as healthy as other fruit choices. For this reason, the market for fruit concentrates is expected to grow at a CAGR of 5.5% to reach an estimated value of around USD 40.2 billion by 2021. Global players such as Agrana Beteiligungs Ag, China Haisheng Juice Holdings Co. Ltd., Coca-Cola, Döhler Group, Hershey, Kanegrade Ltd, and Kerr Concentrates Inc. dominate this market.

Market Dynamics: Drivers and Restrains

Fruit juices and flavors are popular and highly favored in virtually every region of the world. Fruit concentrates have applications across various industries and products. The factors driving this market are the reduced logistical and storage costs, demand for a high scale of volume in the beverages market, usage as a substitute for sugar in the bakery sector, and changing consumer trends and food preferences. Moreover, the growth in the food and beverage industry, as a result of the increasing health food trends, has given impetus to this market.

The major restraints in the fruit concentrate market are the awareness of the ill effects of excess fructose consumption, the benefits that whole fresh fruits provide as opposed to concentrated fruit, and the dependency of fruit concentrates market on the production of fruits across the world. Fruit concentrate market is also, to an extent, dependent on application industries such as confectionary and bakery.

Market Segmentation

The market for fruit concentrate is categorized by product form, application, and fruit type. The product is available in the form of a liquid concentrate, powder concentrate, puree concentrate, clear concentrate, and frozen concentrate. Among all these segments the liquid concentrate comprises of the major market share, followed by powder concentrate. The liquid concentrate is also called juice concentrate with its most prominent application being in the beverage industry in reconstituted fruit juice. The clear concentrate is expected to show a significant growth during the forecast period. The reconstituted fruit juice is the bestselling product with major companies such as Tropicana.

Fruit concentrates are available in a wide range of fruit flavors, as well. Since they can be stored for months and sometimes up to years, out-of-season fruit flavors can also be enjoyed all around the year. The most widely used concentrates are apple and orange, followed by grape. Other fruits and specialty fruits concentrate segments are also growing at a rapid rate due to the consumer interest in exotic and uncommon fruit flavors.

Fruit concentrates can have a wide range of applications in various industries. This market is divided based on its application into, beverages, bakery, confectionary, dairy, and others. Beverages industry has the greatest use of fruit concentrate, followed by the bakery industry. The greatest advantage that fruit concentrate provides to the application industries is its nutritional value, in addition to all the natural sweetness, flavor, and color. This allows the companies to label their products as natural and a healthier version of products made from refined sucrose and artificial flavoring and color. The strategic labelling offers companies the scope to sell their products at a premium price.

Regional Segmentation

The global market is driven by the North American region, which has the largest market share and is showing a steady increase in its growth. Increasing knowledge of the ill effects of sugar, coupled with the rising demand for convenience products among the people in North American countries, is driving the growth of fruit concentrate across the region.

100% of the juices made from concentrates accounted for about two-thirds of the EU fruit juice and nectars market in 2013, which is equivalent to 6.5 billion liters. Besides its use in fruit juices, fruit concentrates are majorly used in the confectionery and bakery segments in the continent.

In the Asia-Pacific region, health concerns about food habits have changed. People are opting for nutritional food items as they are growing wary of sugar intake through processed foods. Moreover, there is a forward trend towards the consumption of processed food products in the developing countries, which further indicates the increasing use of fruit concentrates.

Key Players of the fruit concentrate market include:
  • Agrana Beteiligungs Ag
  • China Haisheng Juice Holdings Co. Ltd.
  • Coca Cola
  • Döhler Group
  • Hershey
  • Kanegrade Ltd
  • Kerr Concentrates, Inc.
  • Kerry Group
  • Lemon Concentrate S.L.
  • Pioma Industries
  • SVZ
  • Rudolf Wild Gmbh & Co. Kg
  • Skypeople Fruit Juice, Inc.
  • Sudzucker
  • Sunopta Inc
Recent Industry Insights

“EarthWater launches ZenFul, fruit drink made from all natural concentrate.”

“Diageo Smirnoff launches a new range of fruit flavored beverages made from 10% fruit juice from concentrate.”

“Asiros acquires a fruit and berry concentrate and extract processing facility from the Swedish Nordic Food Group.”

Opportunities

Opportunities in the fruit concentrate market arise from the fact that it can be used as a substitute for sugar. It offers ease of use and storage in many application industries, in addition to health benefits. The concentrate is also used to provide a soft texture to products, thanks to the chemical nature of the fructose in fruits. This allows smart labeling of the products as “all natural” and “100 % natural” by manufactures of processed foods. The bakery and confectionary industries are increasingly using fruit concentrates not only to improve texture and flavor but also to add natural color to the product due to regulations being imposed on usage of artificial colorants.

Recent Industry Insights

“EarthWater launches ZenFul, fruit drink made from all natural concentrate”

“Diageo Smirnoff launches new range of fruit flavored beverages made from 10% fruit juice from concentrate.”

“Asiros acquires a fruit and berry concentrate and extract processing facility from the Swedish Nordic Food Group.”

Key Deliverables:

Market analysis for the global fruit concentrate market, with region specific assessments and competition analysis on global and regional scales.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the global fruit concentrate market on both global and regional scales.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.
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1. Introduction
1.1 Key Deliverables of the study
1.2 Study Assumptions
1.3 Market Definitions
2. Research Approach and Methodology
2.1 Introduction
2.2 Research Design
2.3 Study timelines
2.4 Study Phases
2.4.1 Secondary Research
2.4.2 Discussion Guide
2.4.3 Market Engineering & Econometric Modelling
2.4.4 Expert Validation
3. Key Findings
4. Market Dynamics
4.1 Drivers
4.1.1 Burgeoning Affluent middle class of BRICS nations
4.1.2 Increasing demand of processed foods
4.1.3 Rising health concerns and demand for low fat foods
4.1.4 Increased demand of natural emulsifiers
4.2 Restraints
4.2.1 Stringent regulatory enviornment
4.2.2 Growing demand of enzyme as a substitute of emulsifier
4.3 Opportunities
4.3.1 New product development
4.3.2 Growing demand in bakery & confectionery
4.4 Porter Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5. Market Segmentation
5.1 By Type
5.1.1 Natural Emulsifier
5.1.1.1 Lecithin
5.1.2 Synthetic Emulsifier
5.1.2.1 Mono-, Di-Glycerides & Derivatives
5.1.2.2 Sorbitan Esters
5.1.2.3 Polyglycerol Esters
5.1.2.4 Others
5.2 By Source
5.2.1 Plant Source
5.2.2 Animal Source
5.3 By Application
5.3.1 Dairy & Frozen products
5.3.2 Bakery
5.3.3 Meat, poultry & seafood
5.3.4 Beverages
5.3.5 Confectionery
5.3.6 Oils& fats
5.3.7 Others
5.4 By Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.1.4 Others
5.4.2 Europe
5.4.2.1 Spain
5.4.2.2 UK
5.4.2.3 France
5.4.2.4 Germany
5.4.2.5 Russia
5.4.2.6 Italy
5.4.2.7 Others
5.4.3 Asia Pacific
5.4.3.1 China
5.4.3.2 India
5.4.3.3 Japan
5.4.3.4 Australia
5.4.3.5 Others
5.4.4 South America
5.4.4.1 Brazil
5.4.4.2 Argentina
5.4.4.3 Others
5.4.5 Africa
5.4.5.1 South Africa
5.4.5.2 Others
6. Competitive Landscape
6.1 Strategy adopted by Key players
6.2 Most active companies in the past five years
6.3 Market Share Analysis
7. Company Profiles
7.1 Danisco
7.2 Cargill Inc
7.3 Palsgaard
7.4 Archer Daniels Midland
7.5 Dupont
7.6 DuPont
7.7 Ingredion Inc
7.8 Kerry Group
7.9 Stepan company
7.10 Royal DSM
7.11 Riken Vitamin
7.12 Estelle Chemicals
7.13 Lonza Group
7.14 Puratos
7.15 AAK
7.16 BASF
8. Appendix
8.1 Disclaimer
8.2 Sources

List of Tables

1. Emulsifiers market Revenue, by Region, 2012-2020 ($Million)
2. North America Emulsifiers marketveRevenues, by Country, 2012-2020 ($Million)
3. Europe Emulsifiers market Revenues, by Country 2012-2020 ($Million)
4. Asia Pacific: Emulsifiers market Revenues, by Country 2012-2020($Million)
5. South America: Emulsifiers market Revenues, by Country 2012-2020 ($Million)
6. Africa: Emulsifiers market Revenues, by Country 2012-2020 ($Million)
7. U.S.: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
8. Canada: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
9. Mexico: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
10. Others: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
11. Spain: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
12. U.K.: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
13. France: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
14. Germany: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
15. Russia: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
16. Italy: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
17. Others: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
18. China: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
19. India: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
20. Japan: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
21. Australia: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
22. Others: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
23. Brazil: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
24. Argentina: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
25. Others: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
26. South Africa: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
27. Egypt: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
28. Others: Emulsifiers market Revenue,by Type, 2012-2020 ($Million)
29. Emulsifiers market Revenue, by Type, 2012-2020 ($Million)
30. Mono-, Di-Glycerides & Derivatives market Revenue, by Type, 2012-2020 ($Million)
31. Lecithin market Revenue, by Type, 2012-2020 ($Million)
32. Sorbate Esters market Revenue, by Type, 2012-2020 ($Million)
33. Others market Revenue, by Type, 2012-2020 ($Million)
34. Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
35. Dairy & Frozen Products: Emulsifiers market Revenue,by Region, 2012-2020 ($Million)
36. Bakery: Emulsifiers market Revenue,by Region, 2012-2020 ($Million)
37. Beverages: Emulsifiers market Revenue,by Region, 2012-2020 ($Million)
38. Confectionaries: Emulsifiers market Revenue,by Region, 2012-2020 ($Million)
39. Meat Poultry & Sea food products: Emulsifiers market Revenue,by Region, 2012-2020 ($Million)
40. Oils & Fats: Emulsifiers market Revenue,by Region, 2012-2020 ($Million)
41. Others: Emulsifiers market Revenue,by Region, 2012-2020 ($Million)
42. U.S Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
43. Canada Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
44. Mexico: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
45. Other North American regions: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
46. Spain: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
47. UK: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
48. France: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
49. Germany: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
50. Russia: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
51. Italy: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
52. Other European regions: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
53. China: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
54. India: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
55. Japan: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
56. Australia: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
57. Other APAC regions: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
58. Argentina: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
59. Brazil: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
60. Other South American regions: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
61. South Africa: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
62. Egypt: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
63. Other African regions: Emulsifiers market Revenue,by Application, 2012-2020 ($Million)
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