03 Dec Fruit Juice Concentrate Market : An Overview
The market of fruit juice concentrate is growing by leaps and bounds in the food & beverage sector. As per an article published by ‘Markets And Markets,’ the fruit juice concentrate niche will be worth $34.6 billion by 2019. The entire fruit juice market has been bifurcated into four major geographical categories Asia Pacific, Europe, North America, and Rest of the World (ROW).
The Asia Pacific was the largest fruit concentrate market in the year 2014. However, it is now expected to grow at a CAGR of 6.95% and reach $9.38 billion by 2021. On the other hand, North America is expected to reach $6.93 billion by 2021 with a CAGR rate of 5.13%. When it comes to the European fruit concentrate, it is expected to grow at a CAGR of 5.36% and reach $6.85 billion by the year 2021.
Fruit Juice Concentrates have been witnessing a soaring demand owing to their use in the making of desserts, ice-creams, yogurt, baked goods, drinks, beverages, etc.
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