PUBLISHER: KBV Research | PRODUCT CODE: 1384784
PUBLISHER: KBV Research | PRODUCT CODE: 1384784
The Europe Fruit Concentrate Market would witness market growth of 4.6% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 2,302.3 Kilo Tonnes, showcasing a growth of 4.0% (2019-2022).
The market is a dynamic and ever-evolving sector within the food and beverage industry. Fruit concentrates have become a versatile and essential ingredient in various products, from juices and beverages to confectionery, dairy, bakery, and even alcoholic beverages. Fruit concentrates, derived from the processing of fruits, are an integral part of the food and beverage landscape, contributing flavor and natural sweetness to countless products. The applications of fruit concentrates are diverse and span across various segments.
These are frequently used to produce fruit juices, fruit drinks, smoothies, and carbonated beverages. They serve as a source of natural fruit flavor and sweetness, allowing manufacturers to reduce their reliance on added sugars and artificial flavorings. These are utilized in yogurts, ice creams, and flavored milk products. They enhance the taste and appearance of these dairy items while providing natural fruit goodness. The bakery industry benefits from fruit concentrates in making fruit-filled pastries, muffins, cakes, and cookies. In confectionery, they are used for flavoring gummies, candies, and fruit chews.
Germany is renowned for its high food safety and quality standards. The country has strict regulations to ensure food products' safety and quality. German consumers have high standards for food safety and are willing to pay a premium for products of superior quality. As per the data from the report titled The Food & Beverage Industry in Germany, published by the Germany Trade and Invest (GTAI), the German food and beverage industry is the country's fourth-largest industry, with a 2020 production value of €185,3 billion. The rising food and beverage industry in European countries will aid the expansion of the market in the region.
The Germany market dominated the Europe Fruit Concentrate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $7,444.7 million by 2030. The UK market is experiencing a CAGR of 3.7% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 5.4% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into B2B and B2C (Hypermarkets/supermarkets, Wholesale Stores, Online sales and Others). Based on Application, the market is segmented into Food & Beverage (Non-Dairy Beverages, Dairy based Beverages, Confectionary, Bakery, Snacks, Desserts & Condiments, and Others), Nutraceuticals & Supplements, Pet Food and Others. Based on Source, the market is segmented into Apple, Pineapple, Pear, Berries, Citrus Fruits, Grapes and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ingredion Incorporated, Dohler GmbH, Archer Daniels Midland Company, AGRANA Beteiligungs-AG, Lemonconcentrate S.L.U, SunOpta, Inc., Kerry Group plc, Cooperatie Koninklijke Cosun U.A., Capricorn Food Product India Ltd. and The Coca Cola Company.
Market Segments covered in the Report:
By Distribution Channel (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Source (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion/Million, 2019-2030)
Companies Profiled
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