Apple Juice Concentrate Market
Apple concentrate is a used as sweetener or as an alternative to corn syrup and sugar in food & beverages products such as soft drinks, sparkling drinks, and juices. Furthermore, it is an ingredient which find its applications in cosmetics and pharmaceutical industry. Growing usage of apple concentrate attributing to various health benefits and longer shelf life of products is projected to boost the demand for apple concentrate market over the forecast period.
Market Dynamics:
Various countries has laid various regulations on composition & intake standards for fruit juice concentrates and related products and provides specific labelling requirements for these products. For instance, in the European Union, fruit juice concentrate is regulated by Council Directive 2001/112/EC. European Parliament have enforced the rules & regulations on the Member States relating to the labelling, presentation, and advertising of apple juice concentrate. Additionally, European Directive 2012/12/EU define the composition of fruit juices, concentrated fruit juices, dehydrated fruit juices, and fruit nectars.
Rising application of apple concentrate in dental care product is projected to open new doors of opportunity to the market of apple concentrate. According to the researcher, phenolic compounds present in apple concentrates have anti-caries properties i.e. it can be used to treat dental problems such as a cavity. Therefore, the launch of new products such as toothpaste, mouthwash and others which are prepared by using apple concentrate is expected to fuel the market growth of apple juice concentrate over the forecast period.
The market players of global apple juice concentrate are focusing on product portfolio expansion coupled with business expansion. This factor is anticipated to create lucrative growth opportunities for the global apple juice concentrate market. For instance, after its successful foray in creating robust mango processing supply chains, on May 26, 2022, Parle Agro, an India-based company, envisioned the creation of a similar network for apple juice concentrate due to the immense popularity of its apple-based drinks such as Appy, Fizz, and B Fizz.
Apple juice concentrate consists of polyphenols which help in protecting the bones during menopause and offer relief from respiratory disorders such as asthma and others. Additionally, apple juice concentrate helps in preventing Alzheimer's disease, keeps cholesterol level under control, reduces the risk of various cancers, and keeps diabetes under control, and helps in weight loss. Hence, the increasing prevalence of diseases such as asthma, diabetes, and high cholesterol level is augmenting the global apple juice concentrate market growth. For instance, in 2021, according to the data published by the Asthma and Allergy Foundation of America (AAFA), a not-for-profit organization, approximately 25 million people in the U.S. have asthma. This equals about 1 in 13 people. Moreover, apple juice concentrate improves the skin, pulmonary function, bone health, and gastrointestinal protection. These health benefits associated with apple juice is driving the market for apple juice concentrate globally.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
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