Global Apple Juice Concentrate Market - Growth Drivers, Opportunities and Forecast Analysis to 2024
Summary -
A new market
study, titled “Global Apple Juice Concentrate Market
- Growth Drivers,
Opportunities and Forecast Analysis to 2024” has been featured on WiseGuyReports.
Market Overview
Global Apple Juice Concentrate Market
is expected to grow by USD 2,139.1 Million from 2018 to 2025 at a CAGR of 4.3%.
The apple juice concentrate is a processed form of apple juice to remove a
defined amount of the natural water content found in the apple and a
concentrated product is composed which is smaller in volume. Based on the type
of apple, where the apple is grown and how much sunshine the apple is exposed
to, the acidity level of the processed product will vary. Choosing either a
low, medium, or high acidity apple product will affect how it complements other
ingredients and the flavor profile of the end product. The apple juice
concentrate is a majorly used ingredient in several applications such as bakery
& confectionery, beverages, dips & spreads sauces, frozen desserts,
dairy products, and vinegar because of its neutral color and flavor. The apple
juice concentrate has a high amount of nutrients and releases less rapidly into
the bloodstream.
The apple juice concentrate market is
ready to witness continued growth over the last few years owing to rising
demand for natural plant-based ingredients, the increasing popularity of
convenience food & beverage, and its expanding use as a substitute for
sugar in bakery products across the world. However, the rising requirement for
Not From Concentrate (NFC) and cold-pressed juices are expected to be major
restraining the growth of the global apple juice concentrate market during the
review period. Furthermore, the rising awareness belonging to natural food
products is fueling the demand for NFC juices and this trend is expected to
continue during the research period.
Market Segmentation
Global Apple Juice Concentrate Market
has been categorized based on Type, Application, and Region.
By type segment, the market has been
segmented into cloudy, de-ionized, and clarified. In 2018, the clarified
segment contributed the largest share of the market with a share of
approximately 40%.
Based on application, the market has
been divided into dairy & frozen desserts, bakery & confectionery,
beverages, sauces, dips & spreads, and others. The bakery &
confectionery category is expected to reach the highest CAGR of 5.1% during the
assessment period of 2019 to 2025.
Regional Analysis
Geographically, the global apple
juice concentrate market has been segmented into North America, Europe,
Asia-Pacific, and the rest of the world.
Europe was accounted for the largest
global apple juice concentrate market in 2018 and is expected to grow by USD
660.2 million from 2018 to 2025. Germany is likely to drive the regional
market, owing to the growth of the European apple juice concentrate markets.
The market in Asia-Pacific is anticipated to register the highest CAGR during
the review period owing to the increasing demand for fruit-based beverages and
food products in the region.
Major Players
The Key Players in the Global Apple
Juice Concentrate Market include Ingredion Incorporated (US), H&H Products
Company (US), Welch’s (US), Ve.Ba. Cooperativa Ortofrutticola S.C. (Italy),
Döhler (Germany), Louis Dreyfus Holding B.V. (Netherlands), Sonnländer
(Germany), Tree Top, Inc. (US), and LemonConcentrate S.L. (Spain).
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FOR MORE DETAILS:- https://www.wiseguyreports.com/reports/5533022-global-apple-juice-concentrate-market-research-report-forecast-till-2025
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