Market Leaders : Archer Daniels Midland Companyt and Sudzucker AG are focusing on R & D investment and Expansion Strategies to Strengthen their market position
The global juice concentrates market is estimated to be valued at USD 73.7 billion in 2022. It is projected to reach USD 93.7 billion by 2027, recording a CAGR of 4.9% during the forecast period. The key players in this market include Archer Daniels Midland Company (U.S), Südzucker AG (Germany), Ingredion Incorporated (US), SunOpta, Inc (Canada), Kerry Group PLC (Ireland), IPRONA SPA (Italy), Symrise AG (Germany), Döhler Group SE (Germany), SVZ International B.V (Netherlands), and Kanegrade Limited (UK).
Archer Daniels Midland Company (ADM) is primarily engaged in producing food ingredients, animal feed & feed ingredients, biofuels, and naturally derived alternatives to industrial chemicals. The company functions through three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. Soybeans and soft seeds (cottonseed, sunflower seed, canola, rapeseed, and flaxseed) are processed into vegetable oils and protein meals in the Ag Services and Oilseeds section. It is also a major provider of peanuts and components generated from peanuts to domestic and international markets. Corn and wheat wet and dry milling and other activities are part of the Carbohydrate Solutions segment. Finally, the nutrition segment caters to various end markets, including food, beverages, nutritional supplements, livestock, aquaculture, and pet food feed and premix.In January 2018, Archer Daniels Midland Company celebrated the opening of a cutting-edge flavor and ingredient creation, application, development, and customer innovation center at the Biopolis research hub in Singapore. The innovation center features a wide range of capabilities, including a food and flavor analytic lab; a beverage and dairy applications lab and pilot plant; a bakery and confectionery lab; meat and savory lab; a sweet and savory creation lab; sensory evaluation facilities; and a customer innovation center.
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Südzucker AG is a multinational corporation with key food industry segments such as sugar, special products, starch, fruit, and the CropEnergies segment, which is one of the EUs leading ethanol producers. The company operates 100 manufacturing facilities in 32 countries across Asia Pacific, Europe, North America, South America, and Africa. AGRANA GROUP (Austria) is the fruit segments holding company that provides fruit concentrates. AGRANA Fruit S.A.AS (France) coordinates and operationally manages the fruit preparations division. AGRANA Group is one of the leading sugar, starch, and fruit product manufacturers in Europe. The company is a market leader in the production of fruit preparations. It operates its business through three segments: fruits, starch, and sugar. The fruit segment is operated through two business units of AGRANA, namely, AGRANA Fruit (France) and AUSTRIA JUICE (Austria) are engaged in producing fruit preparations and fruit juice concentrates. In January 2020, The AGRANA Group opened a new development center facility in France and invested approximately USD 850,000 in its Research & Innovation Centre (ARIC) in Tulln, the AGRANA Groups main research and development subsidiary.
Ingredion is one of the leading manufacturers of ingredients that customers use in products from food & beverages, brewing, to paper and pharmaceuticals. The company caters to various business segments such as food & beverage sweeteners, food & beverage starches, health & nutrition, personal care, green solutions, pharmaceuticals, industrial, animal nutrition, and co-products. The company serves more than 60 different sectors in the food, beverage, animal nutrition, brewing, and other industries. It offers numerous hydrocolloids and polymers used for the shell material of encapsulated products. In September 2021, Ingredion opened a new state-of-the-art manufacturing facility in Canada.
Related Reports:
Juice Concentrates Market by Type (Fruit, and Vegetable), Application (Beverages, Soups & Sauces, Dairy, and Bakery & Confectionery), Ingredient (Single-, and Multi-Fruit and Vegetable), Form, and Region - Global Forecast to 2027
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