The global apple juice concentrate market is estimated to be valued at US$ 2.77 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis

Strength: Apple juice concentrate contains high levels of vitamins and minerals. It is rich in antioxidants like vitamin C, polyphenols. It promotes overall health and wellness. Apple juice concentrate is easy to store and transport since it is highly concentrated form of fresh apple juice. This increases its shelf life significantly.

Weakness: Apple juice concentrate contains added sugar and lacks dietary fiber compared to fresh apple juice. Excess added sugar can lead to weight gain and increase risk of diabetes and heart disease if consumed in large quantities regularly. Pasteurization process used to increase shelf life of apple juice concentrate destroys heat sensitive nutrients.

Opportunity: Increasing health consciousness among consumers is driving the demand for functional beverages with added health benefits. Apple juice concentrate with no added sugar variants present an opportunity to cater to this growing consumer base. Rising incomes in developing countries allows for premiumization of beverages which work in favor of apple juice concentrate market.

Threats: Strict government regulations regarding addition of sugars and labeling can adversely impact sales. Substitute drinks like coconut water and kombucha are gaining popularity rapidly among health conscious customers thereby posing competition. Climatic changes and disease outbreaks can negatively impact apple production affecting raw material supply.

Key Takeaways

The Global Apple Juice Concentrate Market Demand is expected to witness high growth between 2023-2030. The global apple juice concentrate market is estimated to be valued at US$ 2.77 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.

The North American region currently dominates the market owing to increasing health consciousness and availability of apple varieties in countries like the US and Canada. The Asia Pacific region is expected to be the fastest growing market for apple juice concentrate during the forecast period led by increasing demand from China, India and Southeast Asian countries where apples are easily grown.

Key players operating in the apple juice concentrate market are Patanjali Ayurved, TreeTop, Kendall Farms Dairy, Britvic PLC, Ingredion Incorporated, Knudsen & Sons, Royal Ridge Fruits, Milne Fruit Products. Companies are innovating new product ranges with no added sugar and coming up with single-serve packaging formats for on-the-go consumption to cater to changing consumer preferences.

Explore more information on this topic, Please visit – 

https://www.ukwebwire.com/apple-juice-concentrate-market-size-and-trends-analysis/