Saudi Arabia Fruit Concentrate Market to Witness Steady Growth till 2026
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.
According to TechSci Research report, “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”, The Saudi Arabia
Fruit Concentrate market is expected to witness steady growth in the next five
years. The Saudi government-imposed taxes on the purchase of energy and
carbonated drinks which benefitted the growth of the Fruit Concentrate market.
Fruit colorants are available at a cheaper price and can substitute sugar in
different food items such as cake, chocolates, and juices and act as natural
sweeteners. Fruit Concentrate has no sugar, no colorant, artificial sweetener,
or caffeine which is the major reason for its high demand in Saudi Arabia. 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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