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.
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 Industry 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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