by Apple juice concentrate is a highly convenient form of apple juice that offers numerous health advantages. Producing apple juice concentrate involves removing excess water from fresh apple juice using various methods like evaporation or freezing, which results in a syrupy substance that can be reconstituted with water. This process helps preserve key nutrients like vitamins C and K, along with natural fructose and minerals, allowing manufacturers to offer apple juice concentrates in small, lightweight packaging. The growing demand for healthy, natural beverages free from added sugars is a major factor driving the rising popularity of organic apple juice concentrates.
The global Organic Apple Juice Concentrate Market is estimated to be valued at US$ 2.77 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The organic apple juice concentrate market is witnessing noteworthy growth due to rising health consciousness among consumers and shift towards plant-based foods and beverages. Furthermore, ongoing innovations targeted at developing apple juice concentrates with various flavors and functionality is expanding their application scope in food and beverage processing. Growing adoption of apple juice concentrates as a sustainable sugar alternative for commercial beverage production is another major trend. Manufacturers are also focusing on family-sized multipacks and single-serve portions for on-the-go consumption to bolster market revenue streams.
Porter’s Analysis
Threat of new entrants: Low. The Apple Juice Concentrate industry requires large scale production facilities and distribution network which requires high capital investments. This poses significant entry barriers.
Bargaining power of buyers: High. The industry has numerous buyers in food and beverage sectors. Buyers can negotiate lower prices due to presence of substitute products and concentrate brands.
Bargaining power of suppliers: Moderate. There are number of suppliers providing apple varieties and agricultural commodities globally. However, changes in weather conditions pose threat to steady raw material supply.
Threat of new substitutes: Moderate. Alternatives include orange, mixed-fruit juices and vegetable blends which can replace apple juice concentrate for certain applications. However, consumer preference for apple favors this market.
Competitive rivalry: High. The market is highly competitive with major players continuously competing on the basis of production capacity, product quality, pricing and customer service.
Key Takeaways
The Global Apple Juice Concentrate Market Size is expected to witness high growth over the forecast period. Europe accounted for the largest market share owing to manufacturing bases of major concentrate producers and high per capita apple juice consumption in the region. The global Organic Apple Juice Concentrate Market is estimated to be valued at US$ 2.77 Bn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030.
Regional analysis: Europe is expected to remain the most dominant region in the Apple Juice Concentrate market during the forecast period. Germany, Poland and France are the major apple producers in Europe. The region accounts for over 35% share of global Apple Juice Concentrate market revenue.
Key players: Key players operating in the Apple Juice Concentrate market include AGRANA Beteiligungs-AG, Baor Products, CitroGlobe S.r.l., Döhler GmbH, FIL Industries Private Limited, Fructrum GmbH, FruitSmart, H&H Products Company, Hermann Pfanner Getränke GmbH, Himalyan Food Park, Ingredion, Lizaz Food Processing, Old Orchard Brands, LLC. AGRANA group and Ingredion are the top two producers globally.
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.
