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Archer Daniels Midland Company and Sudzucker AG Leading Producers of Juice Concentrates Market
The juice concentrates industry has many players (small, medium, and large); however, it is dominated by a few, which include AGRANA Investment Corp (Austria), Archer Daniels Midland Company (U.S.), Ingredion Incorporated (U.S.), Sudzucker AG (Germany), and SunOpta, Inc. (Canada) which collectively account for a major part of the juice concentrates market. Expansions, acquisitions, and agreements are the preferred growth strategies in this market. The purpose of adopting these strategies is that it results in better market penetration, increases product portfolio, and helps to reach new potential markets. Other players such as Diana Naturals (France), SVZ International B.V. (The Netherlands), Skypeople Fruit Juice, Inc. (China), Kanegrade Limited (U.K.), Doehler Group (Germany), and The Ciatti Company (U.S.) also have a strong presence in this market.
Archer Daniels Midland Company
Archer Daniels Midland Company (ADM) is primarily engaged in the production of food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company operates through three segments, which include oilseeds processing, corn processing, and agricultural services. The company acquired Wild Flavors GmbH (U.S.), a flavors manufacturing company, and through this acquisition the company offered juice concentrates. The company competes with the world’s leading processors of agricultural products such as Ingredion Incorporated (U.S.) and Doehler Group (Germany), among others.
It has also expanded through frequent acquisitions of local players in order to secure its position in markets, such as Germany and the U.S. It also intends to increase its productivity and the diversity of its product portfolio by launching new products. In order to achieve this, the company works closely with its customers and also focuses on extensive research to create innovative approaches and better solutions that accelerate growth and increase business efficiencies. For instance, the company opened a new customer and creation innovation facility in New Jersey in 2016 which will help ADM to develop innovative products for its juice concentrates.
Sudzucker AG is a key player in the food processing industry. The company operates through four business segments, namely, sugar, special products, crop energies, and fruit. AGRANA Investment Corp (Austria) is the fruit segment’s holding compay that offers juice concentrates.
The company has a well-established distribution network consisting of local and international suppliers and distributors situated in the European and international markets. For instance, Sudzucker signed an agreement with ED&F Man (U.K.) to acquire 25% stake in the company, which will help Sudzucker to expand its business outside Europe. These facilities help the company to manufacture and deliver high standard products and services to customers. Its competitors are Archer Daniels Midland Company (U.S.) and Ingredion Corporation (U.S.).
Juice Concentrates Market by Type (Fruit, Vegetable), Application (Beverages, Bakery & Confectionery, Soups & Sauces, Dairy), Ingredient, Form, Brand & by Region (North America, Europe, Asia-Pacific, South America) - Global Forecast to 2021
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