Global Apple Concentrate Market is estimated to be valued at US$ 2,852.71 Million in 2021, according to the Global Apple Concentrate Market Report, by Product Type (Liquid Concentrate, Solid Concentrate), by Application (Food, Beverages, Cosmetics, Pharmaceutical Flavors, Others (decorative, for artificial ripening, etc.), and by Regions (North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA)) published by Coherent Market Insights.
Global apple concentrate market was valued at US$ 2,852.71 Million in 2021 and is expected to register a CAGR of 5.8% over the forecast period (2022–2030). The Europe region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/apple-concentrate-market-3248
Browse 50 market data tables* and 40 figures* on "Global Apple Concentrate Market” - Forecast to 2030.
Key Trends and Analysis of the Global Apple Concentrate Market:
- Rising production of apple juice from powder concentrate is a major trend that has been observed in the market. There are a few techniques to plan apple juice from apple powder concentrate without utilizing juice condensed in liquid form.
- Apple powder concentrate is traction in the market because liquid form of juice needs to be packed and stored with special care and have a small shelf life as compared to powder form. Therefore, the growing trend of producing apple juice from powder concentrate is projected to fuel the market growth of apple concentrate.
- For instance, in September 2019, Coca cola, a carbonated soft drink manufacturer lunched apple coke. Apple coke is apple juice mixed with the Coca-Cola formula a new flavor in coke.
Key Takeaways of the Global Apple Concentrate Market:
- Among Applications, Beverages dominated the global apple concentrate market in 2021. Beverages segment was followed by Food and Pharmaceutical in terms of revenue share, respectively.
- Among region, Europe dominated the global apple concentrate market in 2021, reporting 48.4% market share in terms of revenue, followed by North America and Asia Pacific, respectively.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global apple concentrate market.
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