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Saudi Arabia Fruit Concentrate Market Size, Share, Forecast: By Fruit Type: Citrus Fruits, Red Fruits and Berries, Tropical Fruits, Others; By Form: Liquid Concentrate, Powder Concentrate; By Application: Beverages, Confectionery, Bakery, Dairy, Others; By Distribution Channel; Market Dynamics: SWOT Analysis; Competitive Landscape; 2023-2028
Saudi Arabia Fruit Concentrate Market Outlook
The Saudi Arabia fruit concentrate market size is estimated to grow at a CAGR of 4.2% in the forecast period of 2023-2028. The market growth can be attributed to the growing usage of fruit concentrates in the food and beverage sector and the rising popularity of exotic-flavoured beverages.
Key Trends in the Market
Fruit concentrate is a liquid or solid substance which is derived from fruits after extraction and removal of water through evaporation. It mainly finds application in the food and beverages sector to provide sweetness and flavour to a product.
- Growing demand for fruit concentrates as a substitute for fresh fruits due to the unavailability of several fruits all year long is one of the crucial Saudi Arabia fruit concentrate market trends. These concentrates can be used as a key ingredient in various foods and beverages such as smoothies, fillings, and baked goods, among others.
- The bolstering popularity of exotic-flavoured beverages in the country is aiding the production of fruit concentrates from acai berries, cranberries, and guava. Exotic fruit concentrates are increasingly used to add antioxidants, minerals, phytochemicals, and vitamins to beverages and reduce their sugar concentration.
- Technological advancements aimed at developing innovative fruit concentrate extraction processes that can retain the nutritional content of fruits and minimise changes in their flavour and texture also provide impetus to the Saudi Arabia fruit concentrate market growth.
- With growing health consciousness, there is an increasing demand for zero-sugar and low-calorie fruit concentrates. Moreover, in the forecast period, the growing preference for clean-labelled food and beverages in the country is anticipated to bolster the launch of preservative-free and zero-sugar concentrates.
Market Analysis
Based on fruit type, the market is divided into citrus fruits, red fruits and berries, and tropical fruits, among others. On the basis of form, the market is bifurcated into liquid concentrate and power concentrate. The Saudi Arabia fruit concentrate market segmentation, on the basis of application, includes beverages, confectionery, bakery, and dairy, among others. Based on distribution channel, the market is classified into supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Saudi Arabia fruit concentrate market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Archer Daniels Midland Company
- Dohler GmbH
- Kerry Group plc
- Lemon Concentrate, S.L.
- Ingredion Inc.
- Others
Market Share by Source
As per the Saudi Arabia fruit concentrate market analysis, red fruits and berries occupy a substantial share of the market due to the growing usage of red fruit concentrate to enhance the flavour of food and beverages. Red fruits such as apples can be used as natural sweeteners instead of artificial additives to provide sweet flavour to beverages, sauces, and confectionaries. Furthermore, berry concentrates find applications in gummies, snacks, and supplements, among others, to improve their visual appeal and enhance their antioxidant properties.
Market Share by Application
Beverages occupy a significant portion of the Saudi Arabia fruit concentrate market share owing to the high demand for fruit-based drinks among the urban population. Besides, growing health concerns are driving a shift towards healthy fruit drinks, bolstering the preference for fruit concentrate with low sugar concentrations.
Fruit concentrates are also widely used in non-alcoholic beverages such as fruit cocktails, mocktails, and punches to improve their flavour profile. Additionally, the increasing usage of halal certified fruit concentrates in beverages is propelling the segment’s growth.
Competitive Landscape
Archer Daniels Midland Company is a food processing company, founded in 1902 and based in Minnesota, the United States. The company aims to enrich the quality of products through its sustainable business practices and innovative products.
Dohler GmbH, incorporated in 1838, is a producer of technology-based natural ingredients, headquartered in Darmstadt, Germany. Its product portfolio includes natural ingredients, ingredient systems, and integrated product solutions.
Kerry Group plc, established in 1972, is a food corporation, with its headquarters in Kerry, Ireland. The company focuses on sustainability to address food-related issues and produce healthier and eco-friendly food products.
Other Saudi Arabia fruit concentrate market players include Lemon Concentrate, S.L., and Ingredion Inc., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Fruit Type |
|
| Breakup by Form |
|
| Breakup by Application |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Fruit Concentrate Market Overview
8.1 Key Industry Highlights
8.2 Global Fruit Concentrate Historical Market (2018-2022)
8.3 Global Fruit Concentrate Market Forecast (2023-2028)
8.4 Global Fruit Concentrate Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Saudi Arabia Fruit Concentrate Market Overview
9.1 Key Industry Highlights
9.2 Saudi Arabia Fruit Concentrate Historical Market (2018-2022)
9.3 Saudi Arabia Fruit Concentrate Market Forecast (2023-2028)
10 Saudi Arabia Fruit Concentrate Market by Fruit Type
10.1 Citrus Fruits
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Red Fruits and Berries
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Tropical Fruits
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Others
11 Saudi Arabia Fruit Concentrate Market by Form
11.1 Liquid Concentrate
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Powder Concentrate
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
12 Saudi Arabia Fruit Concentrate Market by Application
12.1 Beverages
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Confectionery
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Bakery
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Dairy
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Others
13 Saudi Arabia Fruit Concentrate Market by Distribution Channel
13.1 Supermarkets and Hypermarkets
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Convenience Stores
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Speciality Stores
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Online
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Archer Daniels Midland Company
15.2.1.1 pany Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Dohler GmbH
15.2.2.1 pany Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Kerry Group plc
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Lemon Concentrate, S.L.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Ingredion Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fruit Concentrate Market: Key Industry Highlights, 2018 and 2028
2. Saudi Arabia Fruit Concentrate Market: Key Industry Highlights, 2018 and 2028
3. Saudi Arabia Fruit Concentrate Historical Market: Breakup by Fruit Type (USD Million), 2018-2022
4. Saudi Arabia Fruit Concentrate Market Forecast: Breakup by Fruit Type (USD Million), 2023-2028
5. Saudi Arabia Fruit Concentrate Historical Market: Breakup by Form (USD Million), 2018-2022
6. Saudi Arabia Fruit Concentrate Market Forecast: Breakup by Form (USD Million), 2023-2028
7. Saudi Arabia Fruit Concentrate Historical Market: Breakup by Application (USD Million), 2018-2022
8. Saudi Arabia Fruit Concentrate Market Forecast: Breakup by Application (USD Million), 2023-2028
9. Saudi Arabia Fruit Concentrate Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
10. Saudi Arabia Fruit Concentrate Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
11. Saudi Arabia Fruit Concentrate Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 4.2% between 2023 and 2028.
The major market drivers are the growing demand for healthy alternatives to sugar in food products and beverages, prolonged shelf life of fruit concentrates, and a rise in disposable income.
The key trends of the market include growing demand for fruit concentrates as a substitute for fresh fruit juices, increased popularity of exotic-flavoured beverages in the country, and increasing launch of zero-sugar fruit concentrates by market players.
Different fruit types are citrus fruits, red fruits and berries, and tropical fruits, among others.
Various applications of the product are beverages, confectionery, bakery, and dairy, among others.
Liquid concentrate and power concentrate are the several forms of fruit concentrate.
The major distribution channels of the product are supermarkets and hypermarkets, convenience stores, speciality stores, and online, among others.
The key players in the market are Archer Daniels Midland Company, Dohler GmbH, Kerry Group plc, Lemon Concentrate, S.L., and Ingredion Inc., among others.
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