Growth of the food & beverage industry and rise in the preference of preventive healthcare is expected to drive the demand for Saudi Arabia Fruit Concentrate market in the forecast period.
The high demand for nutritious food items and beverages with a high concentration of Fruit Concentrate is expected to witness significant growth in the next five years. The growing geriatric population in the country is increasing the demand for pure juices with no added sugar which is expected to fuel the growth of the Fruit Concentrate market. Regulatory changes imposed by the leading authorities in the declaration of synthetic colorants have impacted the sales of synthetic food items and beverages as the government announced the food colorants containing food items and beverages have to contain on-pack labeling or warning statement which in turn is fostering the growth of the Fruit Concentrate market in the next five years. Market players started replacing the synthetic colorants with natural ones thereby boosting the market growth. Market players are introducing several flavors of juices with attractive packaging to attract consumers to buy their products.
The COVID-19 outbreak across the world which has been declared as a pandemic by World Health Organization has affected several countries adversely. Leading authorities of Saudi Arabia imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Due to the strict restrictions, the manufacturing units were temporarily shut down which impacted the volume production of the Fruit Concentrate. The shortage of the workforce was observed owing to the movement of the workforce to their native places impacted the market growth during this period. Also, the disruption in the supply chain led to the shortage of raw materials and in the distribution of the end products. Therefore, the COVID-19 period put a negative impact on the growth of the Fruit Concentrate market.
However, the adverse effect of the large amount of consumption of fructose present in the fruits may hamper the Fruit Concentrate market growth in the forecast period.
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Saudi Arabia Fruit Concentrate market is segmented into fruit type, product type, application, regional distribution, and company. Based on the application, the market can be divided into beverage, bakery, confectionery, dairy, and others. The beverage segment is expected to account for a major market share in the forecast period, 2022-2206. The high demand to produce puree, juice, and powder is contributing significantly to surge the in-market growth. Based on the product type, the market can be divided into liquid, powder, and others. The liquid segment is expected to dominate the market due to the high demand for the consumption of juice. Availability of the different brands and flavors and the introduction of new products with attractive discounts are expected to fuel the market growth.
Döhler Middle East Ltd., Kerry Group Plc, SunOpta, Inc., Archer-Daniels-Midland Company, Tree Top, Inc., China Haisheng Juice Holdings Co. Ltd., Symrise AG, Ingredion Incorporated, Tate & Lyle PLC, Coca-Cola Company Saudi Arabia, Capricon Holdings Ltd., Oceanaa Biotek Industries Ltd are the leading players operating in Saudi Arabia Fruit Concentrate market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several Fruit Concentrate manufacturers are coming up with their technologically advanced offerings.
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“Saudi Arabia has a large Muslim population and the high demand for halal food consisting of organic, natural, and ethically sourced ingredients labeled with proven credentials are fueling the demand for natural, preservative-free with no artificial ingredients which in turn is expected to fuel the growth of the Fruit Concentrate market. The presence of a diverse and youth population in the country with the growing consumption of healthy food items and beverages is expected to propel the Fruit Concentrate market till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a global research-based management consulting firm.
“Saudi Arabia Fruit Concentrate Market By Fruit Type (Citrus fruits, Red Fruits and Berries, Tropical Fruits and Others) By Product Type (Liquid, Powder and Others) By Application (Beverage, Bakery, Confectionery, Dairy, Others) By Region, Company Forecast & Opportunities, 2026” has evaluated the future growth potential of Saudi Arabia Fruit Concentrate market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the of Saudi Arabia Fruit Concentrate market.
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