PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378646
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378646
The global apple juice concentrate market is estimated to surpass US$ 4.33 Billion by the end of 2030, in terms of revenue, exhibiting a CAGR of 6.6% during the forecast period (2023 to 2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 2.6 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 6.60% | 2030 Value Projection: | US$ 4.33 Bn |
Apple concentrate is used as a sweetener or as an alternative to corn syrup and sugar in food and beverage products such as soft drinks, sparkling drinks, and juices. Furthermore, it is an ingredient that find applications in the cosmetics and pharmaceutical industries. Growing usage of apple concentrate, attributable to various health benefits and a longer shelf life of products, is projected to boost the demand for Global Apple Concentrate Market over the forecast period.
In addition to providing specific labeling requirements for these items, several nations have established varied laws regarding the composition and intake standards for fruit juice concentrates and related products. For instance, in the European Union, fruit juice concentrate is regulated by Council Directive 2001/112/EC. The European Parliament has enforced the rules and regulations on the Member States relating to the labeling, presentation, and advertising of apple juice concentrate. Additionally, European Directive 2012/12/EU defines the composition of fruit juices, concentrated fruit juices, dehydrated fruit juices, and fruit nectars.
The rising application of apple concentrate in dental care products is projected to open new doors of opportunity for the market for apple concentrate. According to the researcher, phenolic compounds present in apple concentrates have anti-cavity properties i.e., it can be used to treat dental problems such as a cavities. Therefore, the launch of new products such as toothpaste, mouthwash, and others that are prepared using apple concentrate is expected to fuel the market growth of apple juice concentrate over the forecast period.
Apple juice concentrate consists of polyphenols, which help in protecting the bones during menopause and offer relief from respiratory disorders such as asthma and others. Additionally, apple juice concentrate helps in preventing Alzheimer's disease, keeping cholesterol levels under control, reducing the risk of various cancers, and keeping diabetes under control, and helping in weight loss. Hence, the increasing prevalence of diseases such as asthma, diabetes, and high cholesterol level is augmenting the global apple juice concentrate market's growth. For instance, in 2021, according to the data published by the Asthma and Allergy Foundation of America (AAFA), a not-for-profit organization, approximately 25 million people in the U.S. having asthma. This equals about 1 in 13 people. Moreover, apple juice concentrate improves the skin, pulmonary function, bone health, and gastrointestinal protection. These health benefits associated with apple juice is driving the market for apple juice concentrate globally.
Apple Juice Concentrate Market Detailed Segmentation: