Apple Juice Concentrate Market Summary
As per Market Research Future Analysis, the global Apple Juice Concentrate Market was valued at USD 7.5 billion in 2022 and is projected to grow to USD 10.2 billion by 2030, with a CAGR of 4.57% from 2023 to 2030. The growth is driven by rising demand for fruit concentrates in baby food and bakery products, alongside increasing health consciousness among consumers seeking natural alternatives to refined sugar. However, challenges such as limited raw material availability due to climate change and high water requirements for apple farming may hinder growth.
Key Market Trends & Highlights
Key trends influencing the Apple Juice Concentrate Market include:
- The clarified segment dominated the market in 2022, driven by health benefits of apples.
- Bakery and confectionery applications are expected to grow rapidly, reflecting changing dietary preferences.
- The European market accounted for USD 7.5 billion in 2022, with significant growth anticipated due to busy lifestyles.
- The Asia-Pacific region is projected to exhibit the fastest CAGR from 2022 to 2030, fueled by demand for non-alcoholic beverages.
Market Size & Forecast
2022 Market Size | USD 7.5 Billion |
2030 Market Size | USD 10.2 Billion |
CAGR (2023-2030) | 4.57% |
Major Players
Major players include Ingredion Incorporated (US), H&H Products Company (US), Welch’s (US), Ve.Ba. Cooperativa Ortofrutticola S.C. (Italy), Döhler (Germany), and others.