Hyderabad, India -- (SBWire) -- 02/19/2018 --The report " Fruit Concentrate Market by Fruit Type (Orange, Apple, Pineapple, Banana and Others) by Application (Dairy Products, Juices, Squash, Soft Drinks, Frozen Products and Baby Food), and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)", The Fruit Concentrate market is estimated to grow at a CAGR of 5.5%, to approach $38 billion by 2021 from the valuation of $29.30 billion in 2016. The convenience of transport, storage and easier usage are the key drivers behind the expansion of the global Fruit Concentrate market.
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Under fruit type, the global market to expand into previously untapped markets
Based on the type of fruit, the fruit concentrate market is segregated into Orange, Apple, Pineapple, Banana and other fruits. Under this segmentation, different geographical regions have different leading market share providers. Previous unavailability of certain fruits due to lack of favourable environmental factors was successfully overcome by the Fruit Concentrate market. Thus, the demand for exotic fruit flavours elsewhere also propels the growth of the Fruit Concentrate market. The previously untapped markets are estimated to provide huge market potential in the future.
By application, Juices to dominate the global Fruit Concentrate market share
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Under the segmentation by application, the market is categorized into dairy products, juices, squash, soft drinks, frozen products and baby food. Juices are forecast to defend its position of the largest market share holder globally. Fruit concentrates being a comparatively cheaper alternative to fresh juices and the increasing demand for baby food and dairy products segments also fuel the growth of the market.
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Geographically the market is segregated into North America, Europe, Asia-Pacific, Latin America, Middle east and Africa. The largest market share holder in 2016 was Asia-Pacific regiom
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