Red And White Grape Juice Concentrate Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1534
Red And White Grape Juice Concentrate Market size is expected to witness a substantial growth in the forecast timespan. The changing consumer focus towards organic products and increased consumption of healthier products is the major factor contributing to the product market growth. People have become health conscious and look for the nutritional value in consumables which has driven the product market. The busy lifestyle in today’s world has propelled the demand for preserved food and beverages.
Fruit juices have always been a priority in a healthy diet plan and the trend will continue to grow as people have become more informed and aware of the benefits. The market for red and white grape juice concentrate is likely to increase in both developed and developing economies. Innovative technologies for extracting and preserving grape juice concentrates will further fuel the growth of the product market.
Innovative packaging by manufacturers coupled with promotion of the product is likely to propel the market. Packaging also plays a vital role in the product market. However, there are variety of fruits which can be used to form juice concentrate. This can be a potential threat for the product.
Grape juice concentrates are prepared by removing water content from unfermented grape juice. Red and white grape juice concentrates are diluted to form grape juices. It is widely used in food and beverage industry as a sweetener in jams, yoghurt, cereals, jellies, cookies, etc. It has high tartaric acid content which makes it suitable to replace corn syrup. The product has significant amounts of antioxidants, polyphenols and flavonoids. Grapes are a rich source of vitamin k and vitamin C with essential minerals such as iron, magnesium, calcium, potassium and phosphorus.
Grape juice concentrate is widely used in wine industry and the product is used as a colorant. Red grape juice concentrate is mainly used to impart color to the product while white grape juice concentrate is used as a sweetener. The medical benefits associated with the product include diabetic treatment, prevention of heart problems, prevention of cancer and control of obesity. Aseptic standards have to be followed during the production of the juice concentrates.
The product market can be segmented on the basis of form, packaging type, applications and regions. Based on form, the product market can be bifurcated into liquid concentrate and frozen concentrate. Frozen grape juice concentrates have high demand as they can be preserved for a longer period. Based on the packaging type, the product market can be segmented into drums, tankers, plastic pails, flexibags, and others such as totes and wooden bin with polyliner. On the basis of applications, the market can be divided into fruit juice beverages, wine, dairy products, confectionery products such as jams and jellies, bakery products, and others such as pharmaceuticals, cosmetics, etc.
Based on region, the product market can be segmented into Asia Pacific, North America, Latin America, Europe, and Middle East and Africa. U.S. holds a considerable market share and is estimated to grow at a fast pace owing to the high demand of the product. Europe also accounts for a significant share in the product market due to the large-scale production of grapes in Italy. The product market will substantially grow in Argentina and Chile due to the high production of grape vines.
The key market players in the product domain are Welch Foods Inc., Northwest Naturals LLC, Patagoniafresh S.A., Lamanuzzi & Pantaleo LLC, Old Orchard Brands, LLC, Milne Fruit Products Inc., Naturalia Ingredients s.r.l., LemonConcentrate S.L., Grap’Sud, Kerr Concentrates Inc., California Concentrate Co., Kineta S.A., Australian Flavours Pty Ltd., etc.
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