Market
Overview
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.
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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.
Furthermore, Fruit
Juice And Nectar Market has been segmented on the basis of distribution
channel, which comprises of store based (supermarkets/hypermarkets, specialty
retailers, convenience stores, and others), and non-store based (e-commerce).
Sale through store based channels is dominating the market due to convenient
one-stop shopping experience of the consumers.
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.
Regional
Analysis
The global fruit
juices and nectars market is segmented into North America, Europe, Asia
Pacific, and rest of the world (RoW). Europe region is dominating the fruit
juices and nectars market followed by North America. In Europe, Germany and
France are the major consumers of fruit juices and nectars. High consumption of
fruit drinks and fruit juices within the population has led the growth of the
fruit juices and nectars market in this region.
However, North
America is projected to grow rapidly owing to the harmful effects of sugar-based
products and rising demand for fruit juices and other products.
Market
Segmentation
Fruit juices and
nectars market is segmented based on applications, fruits, and distribution
channel
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