The Global NFC Juices Market size is expected to reach $3.02 billion by 2032, rising at a market growth of 3.60% CAGR during the forecast period.
Research Reports
Aug 20, 2023
NFC Juices Market Overview:
The Global NFC Juices Market Share is projected to register a CAGR of 3.60% and reach a value of USD 3.02 Billion by 2032. Consumers’ concerns about their health are increasing dramatically. As a result, there is an increase in demand for goods created with natural and healthful ingredients. Juices that are not from concentrate (NFC) are typically made from a single fruit or a combination of multiple fruits. Consumers are consuming food and drinks prepared from various fruits or their processed forms, such as puree, concentrates, juice, and others, due to the nutritional value of these fruits. Apple has significant levels of flavonoids, dietary fibre, and antioxidants that help lower the risk of getting cancer, diabetes, hypertension, and heart disease. Apple NFC juice can replace a number of synthetic components in food and beverage applications because it is natural and nutritious.
Consumers all over the world are quickly embracing a healthier lifestyle. The general public worldwide is putting a lot of emphasis on consuming organic food and drink. NFC Juices are adaptable and have a taste and colour that are both neutral. Additionally, NFC juice enables labels like “100% fresh fruit juice” or “No additives” to be placed on the product. NFC Juices offer a wide range of advantages, including hydration support, beneficial plant chemicals, heart health promotion, brain protection, and immune system boosting. Thus, it is anticipated that throughout the assessment period, rising health consciousness will increase demand for NFC Juices and open up lucrative prospects for players in the global market.
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Key Players:
the key players in the global NFC juice market are Döhler (Germany), Kerr Concentrates (US), Citro Globe S.r.l. (Italy), Louis Dreyfus Company (Netherlands), Kiril Mischief (UK), Lemon Concentrate S.L. (Spain), Austria Juice (Austria), Prodalim Group (Israel), Sun Impex (UAE), and Arizba BV (Netherlands).
Market Segmentation:
The global NFC juices market has been divided into orange, lemon, apple, pomegranate, mixes, and others based on product type. The orange segment had the biggest market share in 2020 (22.93%), and it is anticipated to grow at a respectable CAGR of 3.88% over the course of the forecast period. But the category for blends is anticipated to have the greatest CAGR of 3.95% throughout the forecast period.
The global NFC juice market has been divided into organic and conventional juices based on category. In 2020, the traditional sector held a greater market share (79.56%). However, it is anticipated that the organic segment would grow at the greatest CAGR of 4.31% throughout the forecast period.
The global NFC juice market has been divided into three categories based on application: alcoholic beverages, non-alcoholic beverages, and baking & confectionery. The non-alcoholic drinks segment held the biggest market share in terms of value in 2020, while dairy and frozen desserts is predicted to experience the highest CAGR of 4.42% over the course of the forecast period.
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Regional Analysis:
North America, Europe, Asia-Pacific, and the rest of the world have been categorised as regions in the global NFC Juice Market. In 2020, Europe held the biggest market share (35.57%). The market in North America, which was the second largest in 2020, is anticipated to grow at a CAGR of 3.70%. The market in Asia Pacific, however, is anticipated to grow at the highest CAGR of 4.05%.
In 2020, Europe held the greatest market share (35.57%) for NFC juices. During the anticipated period, the regional market is anticipated to grow at a CAGR of 3.23 percent. There are a number of reasons why the market for NFC juices in Europe is expanding. As consumers in the region want alcoholic beverages with fruit flavours, the use of NFC juices in alcoholic beverages including beers and ciders is anticipated to propel market expansion for NFC juices. Alcoholic beverages with fruit flavours have recently become more and more popular among European customers.
In 2020, North America held 32.17% of the global market for NFC juices; during the forecast period, the region is expected to grow at a CAGR of 3.70%. Numerous factors are projected to contribute to the market expansion for NFC juices. The makers of NFC juices are anticipated to have a market in North America. With the US playing a significant role in this region’s market expansion. Throughout the review period, it is anticipated that the US will continue to dominate the regional market. The market in North America is anticipated to expand as a result of rising convenience food & beverage consumption and rising awareness of healthy food items. Food makers are leaning toward using natural and healthy food components as a result of rising customer health concern. As a result, producers of baby food, dairy products, bakery & confectionary goods, and beverages are switching to natural sweeteners and flavours such NFC juices.
Here are some of the key trends in the NFC juices market:
- The increasing demand for functional NFC juices. Functional NFC juices are fortified with vitamins, minerals, and other nutrients. These juices are gaining popularity among consumers who are looking for beverages that can boost their health.
- The growing popularity of NFC juices in the foodservice industry. NFC juices are increasingly being used in restaurants, cafes, and bars. This is due to their fresh taste and health benefits.
- The rising demand for NFC juices in developing countries. The disposable incomes in developing countries are rising, which is leading to an increase in the demand for premium beverages such as NFC juices.
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