The Europe juice concentrates market accounted for US$ 25,916.85 million in 2019, and is expected to reach US$ 38,874.28 million by 2027; it is estimated to grow at a CAGR of 5.3% during 2020–2027.
Juice concentrates are fruit and vegetable juices from which most of the water has been extracted. Depending on the type of fruits and vegetables used, they offer essential nutrients, such as minerals and vitamins. Juice concentrates are highly processed in comparison with the raw juices. Extracting the water helps in reducing the bacterial growth. Juice concentrates are generally stored at room temperatures or frozen. They need to be diluted in filtered water before consumption. The fruit concentrates are rich in vitamin C and other antioxidants that help in promoting skin health and also slow down the effects of skin aging. It is usually consumed by the consumers as a healthy alternative to freshly squeezed juice. The frozen and the shelf-stable varieties of juice concentrates do not soil easily and prove to be very convenient for the ones who do not have access to fresh fruits and vegetables.
Based on type, the Europe juice concentrates market is segmented into fruit juice concentrates and vegetable juice concentrates. In 2019, the fruit juice concentrates segment dominated the market. The vegetable juice concentrates segment is projected to register the highest CAGR during the forecast period. Fruit juice concentrates are basically made by removing water from the fruits, which, in turn, reduces the volume and weight of the fruit juices. This type of concentrate is basically used as flavors and natural sweeteners for many food products. The fruit juice concentrate provides nutrition to the consumers. Vegetable juice concentrates are produced in the same way as fruit juice concentrates, by reducing the water in order to reduce the volume as well as increase the shelf life. These concentrates are generally used to provide the flavor of vegetables in the finished products. Vegetable juice concentrates have wide applications in the food industry, such as soup, sauces, and confectionaries.
The juice concentrates market in Europe is segmented into Germany, France, Italy, the UK, Spain, Russia, and Rest of Europe. Germany held the largest share of the Europe juice concentrates market in 2019, followed by France. Germany has a considerable potential for the juice concentrates due to the flourished food & beverages industry. The production and consumption of juice concentrates have consistently risen for a decade. Germany is considered as a huge consumer of juice concentrates. Juice concentrates are enriched with important nutrients and minerals that are essential for the human body. Growing living standards of consumers, coupled with rising demand for healthy products have particularly driven the juice concentrates market in Germany. Juice concentrates are gaining popularity among the French people over the past few years. The consumer base in France is expanding rapidly, owing to widespread awareness regarding the health benefits associated with juice concentrates. The UK is another attractive region for juice concentrates and provides several rewarding opportunities to manufacturers and producers. Juice Concentrates are commonly consumed owing to their relative health benefits. The implementation of juice concentrates in beverages, soups & sauces, and bakery products has fuelled the juice concentrates market in the UK. The annual consumption of juice products in Russia is on the rise. The fruit concentrates are primarily imported as many fruit kinds do not grow in Russia. The country is about to experience growth in the prices of juice concentrates along with the rise in the consumption of juices.
AGRANA Beteiligungs-AG, Archer Daniels Midland Company., Berrifine A/S, Ciatti Company, Dohler GmBh, Ingredion Incorporated, Kanegrade, CitroGlobe S.r.l, SVZ Industrial Fruit & Vegetable Ingredients, and IPRONA SpA. are among the major players operating in the Europe juice concentrates market.
The COVID-19 outbreak was first reported in Wuhan, China, in December 2019. As of December 2020, Russia, France, the UK, Italy, Spain, Germany, and Poland are among the worst-affected countries in terms of COVID-19 confirmed cases and reported deaths. The pandemic is hindering economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns in the food & beverages industry and disruptions in supply chains are limiting supplies of various products. Russia has the highest number of confirmed cases across Europe. The shutdown of many food processing plants during lockdown is restraining the growth of the juice concentrates market in Europe.
The overall Europe juice concentrates market size has been derived in accordance to both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate data, as well as to gain more analytical insights into the topic. The participants who typically involved in the process include industry experts, such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants, such as valuation experts, research analysts, and key opinion leaders specializing in the Europe juice concentrates market.