Juice Concentrates Market 2030: A Global Outlook

Over these years, the Global Juice Concentrates Market is growing at a steady rate and the market is anticipated to rise at a considerable rate in 2030. In this post, WTP Agri will provide a global overview of the fruit concentrates market.

Global Juice Concentrates Market Overview

The Juice Concentrates Market promises significant growth opportunities:

• The global juice concentrates market is expected to grow from $37.54 billion in 2022 to $39.83 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%.
• Global juice concentrates market is expected to reach revenue of USD 108.3 billion by 2030, at a CAGR of 4.90% from 2022 to 2030.
• India experiences commanding growth at a rate of 30.7% within the Asia Pacific region. 
• Japan and Canada, each forecast to grow at 3.8% and 5.9% respectively over the 2022-2030 period. 
• Within Europe, Germany is forecast to grow at approximately 5.1% CAGR.

Why is demand for Juice Concentrated products rising?

The market for juices and juice concentrates is anticipated to develop in the future due to many factors:

• Fruit-infused beverages are in greater demand as consumers' awareness of their health is growing, especially in North America, Europe, and Asia. 
• With consumers in Europe needing to include more fruits and vegetables in their diets, juice concentrates are poised for growth.
• Juice concentrates are used in restaurants, bars, and similar high-capacity food service establishments where there is significant consumption of food and beverages.
• This market encompasses a diverse range of fruit varieties and applications, including juices, smoothies, sauces, confectionery items, and alcoholic beverages.

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Challenges: Demand for clean labeled products from consumer

The natural and organic concepts are two tools used in the food industry by marketers in order to increase the demand for natural ingredients in the Juice Concentrates Market. This challenge can be overcome through investments in natural ingredients of each company.

In VietNam, consulting experts from FTAs show that in recent years, more than 30 Vietnamese fruit concentrate products have conquered many markets around the world such as the EU, US, and Japan, Middle East and Australia…

The opportunity for Vietnamese concentrated fruit products in the EU is very potential. For juice exporters that have difficulty accessing the EU market, they can access it by not bringing products to the EU under Vietnam's brand name but switched to the product entrustment (OEM) form to approach domestic businesses that are large supermarket chains, so that they are ready to promote and have access to Vietnamese products quickly and effectively.

With this rising demand, the manufacturing players have come up with various innovations and products to support the rising need. Contact us by filling out the contact form which you can find on this page. Contact our team at agri.crm@wtp.vn or call us at (+84)971 279 099. WTP Agri can contribute to the sustainable development of your business.