(Entertainment-NewsWire.com, December 26, 2017 ) The Middle-East and African fruit concentrate market is expected to grow at a CAGR of 6.2% and is expected to reach $2.92 billion by 2021 from $0.91 billion in 2016.
The Middle East and Africa have a lot of empty lands which can be used for plantation of fruits and vegetables. Support from the government will also fuel the growth of the market.
Fruit concentrates are fruit juices with stronger concentration and are widely used in the beverage industry to make fruit juices and nectar. With it's easy to store nature, it is convenient for shipping and transporting. Also, it is attracting people by being available at an attractively cheaper price.
Fruit concentrates generally substitute sugar in various food items such as cakes, juices, chocolates and others by acting as natural sweeteners. They can be substituted with fresh fruit juices due to its longer shelf life and ready-to-make nature.
The advantages like easy storage, larger shelf-life and cheaper price is attracting the customers, which is driving the sales and market growth. But due to the diabetes epidemic that’s spreading in the countries, the sales are said to get affected, limiting the market growth.
The fruit concentrate market in ME & Africa is segmented based on fruit types like orange, apple, pineapple, banana etc. and also on the basis of application which includes dairy products, juices, squash, soft drinks, frozen products and baby food. Based on geography, Middle-East & Africa market is segmented as Saudi Arabia, UAE, Israel and others. Major companies in the market are Kerry Group Plc., AGRANA group, Dohler group, Coca Cola’s minute maid, Capricon, Oceanaa, Acerola, Cherimoya, Lychee and starfruit.
Key Questions Answered • What is the competitive landscape and market share of major players in the Asia-Pacific region? • What are the drivers, key factors leading the market? Which market segments are growing the fastest? • What are the unmet technological needs currently on the market? How will emerging technologies fulfil these unmet needs? • What are the challenges and barriers that have restricted market growth for Fruits Concentrate? • What measures are taken by leading companies to increase market growth?
Fruits Concentrate Market: Key Players Key players dominating the fruit concentrate market are Kerry Group Plc., AGRANA group, Dohler group, Coca Cola’s minute maid, Capricon, Oceanaa, Acerola, Cherimoya, Lychee and starfruit. Minute maid is leading the orange juice market. The Coca-Cola Company, and its partners in India, will contribute USD 1.7 BN+ in the agri ecosystem over the next 5 years, spanning the entire supply chain from Grove to Glass through a unique concept called the Fruit Circular Economy.
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