The North America Fruit Concentrate Market would witness market growth of 4.9% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 2,696.4 Kilo Tonnes, showcasing a growth of 4.0% (2019-2022).
Fruit concentrates are a common ingredient in baby food products, offering infants a safe and natural source of essential nutrients and flavors. Fruit concentrates find application in producing alcoholic beverages, such as fruit-flavored beers, ciders, and cocktails, where they impart fruity notes. Fruit concentrates create various sauces and dressings, such as vinaigrettes, barbecue sauces, and marinades, offering a sweet and tangy twist. The health and wellness industry also incorporates fruit concentrates into nutraceuticals, dietary supplements, and health drinks to provide essential vitamins and antioxidants.
In addition, with a growing awareness of health and wellness, consumers have become increasingly inclined toward products made with natural ingredients. Fruit concentrates, derived from real fruits and free from artificial additives, align with this demand. The food and beverage industry actively seeks natural sweeteners to replace refined sugars in light of concerns about excessive sugar consumption and its associated health risks. Fruit concentrates offer a viable solution to reduce added sugars while maintaining the desired level of sweetness and flavor.
As per the latest data made available by the Government of Canada, the food and beverage processing sector holds the second position regarding production value within the manufacturing sector. 2019, the industry generated $117.8 billion in sales, contributing 17% of total manufacturing sales and 2% of the national GDP. The ongoing growth in North America's food processing industry will help expand the market.
The US market dominated the North America Fruit Concentrate Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $19,682.1 million by 2030. The Canada market is exhibiting a CAGR of 7.2% during (2023 - 2030). Additionally, The Mexico market would experience a CAGR of 6.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Fruit Concentrate Market is Predict 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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