Fruit Juices and Nectars Market Demand, Growth, Opportunities, Share, Trends, Revenue Forecasts to 2027
Fruit juice is a non-fermented liquid extract obtained by
squeezing the fresh fruit. Fruit nectar is defined as a thick fruit juice,
which is highly viscous in nature. Fruit juice is categorized based on juice
content, such as, juice (which contains of 99% juice content), nectar (which
contains 25-99% juice content) and juice drinks (which contains up to 25% juice
content). Fruit juice is as healthy as the fresh fruits. Low-cost involved in
logistics and storage, and high demand for fruit drinks and frozen desserts are
primarily driving the global fruit juice and nectar market.
Fruit
Juices and Nectars Market Analysis
Market Forecast
Fruit juices and nectars are an alternative to fresh fruits
and they are used in different industries. Fruit juices and nectars can be
easily transported and stored in a small place as compared to the fresh fruits.
This has made its usage more prominent in beverage industry. They are used in
dairy and confectionary industry to manufacture frozen desserts, jellies, and
other products. Additionally, they are used as a natural color additive and
sweetener in the beverage and dairy industry. This has uplifted the global
fruit juices and nectars market at a high rate.
Furthermore, changing preferences of population for fruit
juices instead of carbonated drink is driving the demand for fruit juices and
fruit drinks, which, in turn, driving the growth of the global fruit juices and
nectars market. All these factors expected to contribute to the estimated CAGR
of 5.0% of the global fruit juices and nectars market during the forecast
period 2017-2023
Downstream Analysis
Fruit juices and nectars market is segmented on the basis of
applications, which consists of beverages, dairy and food, bakery,
confectionary, and others. The beverage industry dominates the market owing to increasing
popularity of fruit juices and fruit drinks in the population as an alternative
for natural fruit.
Fruit juice and nectar market is segmented on the basis of
fruits, which includes apple, orange, grapes, pineapple, pear, and others.
Among all, orange fruit is the leading segment in the industry due to high
consumption and consumer preference for orange juice and the products made from
orange such as candies and jelly.
Competitive Analysis
The major players in the fruit juices and nectars market
- Kerry
Group Plc (Ireland)
- Döhler
Group (Germany)
- SkyPeople
Fruit Juice Inc. (China)
- AGRANA
Group (Austria)
- Kanegrade
Ltd. (U.K.)
- China
Haisheng Juice Holdings Co. Ltd (Hong Kong)
- SunOpta,
Inc. (Canada)
Fruit juices and nectars market is growing rapidly due to
increasing consumption of fruit juices and fruit drinks, which has intensified
the market opportunities. Increasing R&D activities to blend flavors with
the fruit juices likely to boost the fruit juices and nectars market over the
forecast period 2017-2023.
Complete Report Details @ https://www.marketresearchfuture.com/reports/fruit-juices-nectars-market-4614
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