The Latin America, Middle East and Africa Fruit Concentrate Market would witness market growth of 5.8% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 1,077.7 Kilo Tonnes, showcasing a growth of 6.6% (2023-2030).
Sustainability is a central theme in the food industry, and fruit concentrate manufacturers are increasingly focusing on sustainable sourcing of fruits, reduced waste, and environmentally responsible production processes. The organic and non-genetically modified organism (GMO) trends have also made their mark on the market. Consumers looking for healthier options often opt for organic and non-GMO products, including those featuring fruit concentrates. These are used in functional and fortified products, such as beverages enriched with vitamins, minerals, and antioxidants, catering to consumers' health and wellness aspirations.
As the demand for reduced-calorie products grows, theese are leveraged to reduce sugar content while maintaining flavor, providing healthier alternatives. The development of advanced extraction techniques, such as cold pressing and vacuum evaporation, enables the preservation of more delicate fruit flavors and aromas, enhancing the quality of fruit concentrates. Fruit concentrate manufacturers offer customizable solutions to meet the unique requirements of product developers.
As per the data given by the Government of Canada, Inin 2020, the United Arab Emirates was the second-largest foodservice industry in the Arab Gulf Cooperation Council (GCC) region, trailing Saudi Arabia by US$ 13.8 billion. In 2020, foodservice sales through retail constituted the largest channel sector in the UAE, with a food sales value of US$ 4.9 billion, representing 47.2% of the total distribution channel share. Therefore, the growth of the foodservice sector in UAE and the food processing sector in Brazil are the factors that can help in the expansion of the market in the LAMEA region.
The Brazil market dominated the LAMEA Fruit Concentrate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,257.9 million by 2030. The Argentina market is showcasing a CAGR of 6.4% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.5% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Fruit Concentrate Market is Projected to reach USD 125.3 Billion by 2030, at a CAGR of 5.1%
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, Coöperatie Koninklijke Cosun U.A., Capricorn Food Product India Ltd. and The Coca Cola Company.
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)
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