A new market research report has been recently added by Transparency Market Research to its comprehensive collection of research reports. The research study, titled “Orange Concentrate Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024,” offers a detailed analysis of the market and throws light on the key segments, regional outlook, and the competitive scenario. In addition to this, the growth prospects, opportunities, and the current trends in the global orange concentrate market have been described thoroughly in the scope of the research study.
A tremendous rise in the demand for fruit juices is one of the key factors estimated to encourage the growth of the global orange concentrate market in the next few years. The rising use of orange concentrate in other food and beverage preparation and the rapid development of this industry are further projected to accelerate the growth of the overall market in the forecast period. On the flip side, the rising awareness among consumers concerning the excessive intake of fructose and the benefits of consuming fresh fruits are anticipated to curtail the growth of the global orange concentrate market in the coming years. Nonetheless, the rising demand from the confectionery and bakery segments is predicted to offer promising opportunities for the market players.
The global orange concentrate market can be classified on the basis of product type into puree concentrate, frozen concentrate, clear concentrate, powder concentrate, liquid concentrate, and others. Furthermore, on the basis of application, the global market for orange concentrate can be divided into dairy, beverage, food, confectionery, bakery, and others. The research study throws light on the leading segments and offers insights into the expected growth rate and market share.
On the basis of geography, the global orange concentrate market has been classified into Latin America, North America, Asia Pacific, Western Europe, Eastern Europe, and the Middle East and Africa. Among these Latin America and North America are projected to witness high growth throughout the forecast period. The increasing contribution from Mexico, Canada, and the U.S. is one of the key factors estimated to accelerate the growth of the overall market in the next few years. Furthermore, Western and Eastern Europe are expected to be on the second position in the global orange concentrate market, thanks to the growing demand from the confectionery and bakery segment. The Asia Pacific market for orange concentrate is predicted to register a healthy growth in the next few years.
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The global market for orange concentrate is moderately competitive in nature and is projected to remain in the similar scenario throughout the forecast period. The increasing number of strategic collaborations and mergers and acquisitions are estimated to generate promising growth opportunities for the market players. The key players in the market are focusing on enhancing the distribution channels in order to make their product easily available for the consumers. Some of the key players that are operating in the orange concentrate market across the globe are E.I. DuPont de Nemours and Company, Ingredion, Cargill Inc., and Tate & Lyle.