North America Beverage Fruit Concentrate Market: Trends, Growth Factors, and Market Opportunities

The North American beverage fruit concentrate market size was valued at USD 2.27 billion in 2021. The market is projected to grow from USD 2.33 billion in 2022 to USD 3.29 billion by 2029, exhibiting a CAGR of 5.04% during the forecast period.

This information is presented by Fortune Business Insights, in its report titled, “North America Beverage Fruit Concentrate Market, 2022-2029.”

Fruit concentrates are mostly used in the beverage sector to produce a variety of drinks such as soft drinks, nectars, and ready-to-drink goods. Fruit juice consumption is increasing across North American nations, which surges the product demand. To expand their presence in the global market, businesses are also emphasizing market penetration activities including merger and acquisition, production capacity growth, and regional expansion.

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Segments:

High Nutritional Benefits Paired with Ample Availability of Apple Concentrate Propel Segmental Growth

Based on fruit type, the beverage fruit concentrate market is divided into mango, apple, orange, and guava. The apple segment holds the largest North American beverage fruit concentrate market share among all other fruit types as it contains ample pectin, which helps promote gut health.

Report Coverage:

The report offers a detailed study of the market and a keen examination of the major segments of the market. It provides an in-depth analysis of key players and their insightful strategies to spur the North American beverage fruit concentrate market growth for monetary gains. It also shares tangible insights that guide business owners with their investment perspective. The regional dynamics and how they shape the market in an upward curve are presented in the following report. Moreover, COVID-19 impacts have been added for additional information and how it is expected to affect the demand for products shortly.

Drivers and Restraints:

Increasing Fruit Juice Consumption to Propel Beverage Fruit Concentrate Demand

In North American nations, the consumption of fruit drinks has been rising steadily. Energy drinks, fruit juices, and smoothies are among the many beverage items that are frequently made in the beverage business using fruit concentrates.

The consumption of ready-made or ready-to-drink (RTD) fruit juices is also a result of the fast-paced modern lifestyle and customers’ eagerness to experiment with diverse flavors. Fruit concentrates are available in a variety of forms, such as liquid and powder concentrates, which have a longer shelf life and offer an unusual flavor.

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Regional Insights:

North America to Lead Stoked by Increasing Demand for Fruit Juice from the U.S.

The market for beverage fruit concentrate is dominated by sales in the U.S. Due to the rising demand for fruit juice and other ready-to-drink beverages with fruit as an ingredient, the nation is anticipated to dominate during the projected period.

Due to the rising demand for convenience foods, such as bottled soft drinks and fruit juices, the Canadian market will experience steady growth during the forecast period.

One of the top producers of tropical fruits, such as mango and orange, is Mexico. Due to manufacturer mergers and acquisitions, collaboration, and partnership activities over the past 10 years, the market has become more competitive.

Competitive Landscape:

Important Business-related Announcements by Key Players to Influence Market Dynamics

Fundamental companies in the market often make crucial announcements regarding some business moves, which, in turn, affect the market either positively or negatively. Players acquire companies, launch new products, engage in partnership deals, sign contracts with government organizations, and so on.

Key Industry Development:

September 2021: To build its largest processing and operation plant in the U.S., Global Concentrate Inc., an American manufacturer and supplier of conventional and organic fruit and vegetable juice concentrates and other products, invested USD 121 million to purchase roughly 170 acres of industrial land in Franklin.

List of Key Players Mentioned in the Report:

  • Agrana AG (Austria)
  • Citrofrut SA de CV (Mexico)
  • Dohler Group (Germany)
  • Grupo Fruxo (Mexico)
  • Grupo Jumex, S.A. de C.V. (Mexico)
  • Ingredion Incorporated (U.S.)
  • Kerry Group Plc. (Ireland)
  • Lemon Concentrate SL (Spain)
  • Mexifrutas S A de C V. (Mexico)
  • Prodalim Group (Israel)

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