The Apple Juice Concentrate Market Growth is Accelerated by Increasing Health Consciousness

Apple juice concentrate is a highly concentrated form of apple juice that provides all the nutritional benefits of fresh apples in a convenient and space-saving form. It provides key vitamins and minerals such as vitamin C, potassium, boron and copper in highly bioavailable forms. With rising consumer demand for healthy and nutritious food and beverages, apple juice concentrate is being increasingly used in the formulation of juices, drinks and other foods. 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 10% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends driving the growth in the apple juice concentrate market is the rising popularity of cold-pressed juices. Many health conscious consumers prefer cold-pressed juices as it involves minimal processing which preserves maximum nutrients and flavor of fresh apples. Cold pressing does not involve heating of apples during the extraction process that may otherwise cause oxidation and loss of nutrients. Therefore, apple juice concentrate produced through cold pressing is gaining widespread popularity. Leading brands are focusing on launching cold-pressed apple juice concentrate to cater to the rising demand from health conscious consumers. This trend is expected to accelerate the growth of the apple juice concentrate market over the forecast period.

Segment Analysis
The global apple juice concentrate market is divided into cloud, ice and other segments. The cloud segment is expected to dominate the market, with a share of around 60% during 2023-2030. Many key players are focusing on cloud-based solutions due to high adoption of digital technologies among end-users. Cloud deployment streamlines operations with low upfront costs and easy scalability according to business needs.

Key Takeaways
The Global Apple Juice Concentrate Market Size is expected to witness high growth.

Regional analysis

Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. Countries like China, India, and Japan are major consumers of apple juice concentrate in this region. Developing economies and improving living standards are driving the market.

Key players

Key players operating in the apple juice concentrate market are INKIA, Martha Tilaar Group, Wipro Unza, Clara International, Ivy Beauty Corporation, Sdn Bhd Overview, Paragon Technology & Innovation, and Brataco Group of Companies. INKIA holds a significant share in the Latin American market. Martha Tilaar Group has a strong presence across Southeast Asia. Wipro Unza is a leading player in India.

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