DUBLIN--(BUSINESS WIRE)--Aug 31, 2018--The "Global Fruit Concentrate Market - Growth, Trends, and Forecast (2018-2023)" report has been added to ResearchAndMarkets.com's offering.

The global market for fruit concentrates is expected to reach at a CAGR of 5.6% to reach an estimated value of around USD 41.8 billion by 2023.

The factors driving the global fruit concentrate market are the reduced logistical and storage costs, demand for a high scale of volume in the beverages market, usage as a substitute for sugar in the bakery sector, and changing consumer trends and food preferences. Moreover, the growth in the food and beverage industry, as a result of the increasing health food trends, has given impetus to this market.

The major restraints in the fruit concentrate market are the awareness of the ill effects of excess fructose consumption, the benefits that whole fresh fruits provide are different to concentrated fruits and the dependency of fruit concentrates market on the production of fruits across the world.

The liquid concentrate comprises of the major market share, followed by the powder concentrate. The liquid concentrate is also called juice concentrate with its most prominent application being in the beverage industry in reconstituted fruit juice. The clear concentrate is expected to show a significant growth during the forecast period. The reconstituted fruit juice is the best-selling product with major companies, such as Tropicana.

Notable Market Developments

Hong Kong-listed China Haisheng Juice Holdings agreed to form a joint venture with Zhaoyang Agriculture to modernize fruit plantations in Yunnan Province of China. Austrian fruit ingredients producer Agrana invested almost USD 29.04 million in a new manufacturing facility in eastern China. The facility is expected to be operational by 2019. Once completed, the main purpose of the facility will be to focus on R&D activity for jam, jam ingredients and fruit juice concentrates.

Key Topics Covered

1. Introduction

2. Research Approach & Methodology

3. Market Dynamics

4. Porter's Five Forces Analysis

5. Market Segmentation

6. Competitive Landscape

7. Company Profiles

Agrana Beteiligungs AG China Haisheng Juice Holdings Co. Ltd. Coca-Cola Dohler Group Hershey Kanegrade Ltd. Kerr Concentrates Inc. Kerry Group Lemon Concentrate S.L. Pioma Industries SVZ Rudolf Wild GmbH & Co. KG Skypeople Fruit Juice Inc. Sudzucker Sunopta Inc.

For more information about this report visit https://www.researchandmarkets.com/research/jlqdhm/global_fruit?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180831005309/en/

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Related Topics:Fruit and Vegetables,Juice

KEYWORD:

INDUSTRY KEYWORD: RETAIL FOOD/BEVERAGE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/31/2018 11:00 AM/DISC: 08/31/2018 11:01 AM

http://www.businesswire.com/news/home/20180831005309/en