PUBLISHER: Grand View Research | PRODUCT CODE: 1552860
PUBLISHER: Grand View Research | PRODUCT CODE: 1552860
The global juice concentrates market size is expected to reach USD 164.05 billion by 2030, registering a CAGR of 6.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. As the health and wellness trend continues to expand, juice concentrates are gaining prominence. Unlike fresh juices derived from juiced fruits and vegetables, juice concentrates are produced by extracting juice from these sources and subsequently evaporating most of the water content. This process yields a thick syrup that retains high levels of nutrients and flavor.
Juice concentrates offer several benefits. They provide an efficient means of achieving the daily recommended intake of fruits and vegetables, with a small serving delivering essential nutrients for the day. Additionally, they are rich in fiber, antioxidants, vitamins, and minerals. The rising popularity of functional foods and beverages, particularly among health-conscious millennials, reflects a growing preference for balanced diets. Juice concentrates are increasingly used in processed foods and beverages as a substitute for sucrose, making products suitable for people with diabetes. They also enhance texture and volume in baked goods and confectioneries, thereby gaining favor in these sectors.
Although juice concentrates are derived from both fruits and vegetables, fruit-based variants are experiencing a surge in popularity. This trend is expected to continue due to consumer preference for natural beverages and the diverse range of flavors available from fruit sources. Fruit-based concentrates are particularly valued in the bakery and confectionery industries for their sweetening properties, which are not present in vegetable variants.
Moreover, the increasing trend toward natural foods is the principal driver of the global juice concentrates market. Factors such as obesity, diabetes, and heart disease are shifting consumer preferences away from carbonated drinks toward fruit and vegetable juices. To address the growing demand for clean-label food products, key manufacturers are introducing innovative offerings. For instance, in January 2019, Bosch Boden Spies launched a reduced-sugar cranberry juice concentrate to cater to the increasing demand in Germany for low-sugar, functional beverages.