The Citrus concentrate market refers to the global trade of concentrated citrus juices and related products. Citrus concentrates are made from the juice of citrus fruits, which are processed to remove water and increase the concentration of juice. The resulting concentrate can be used as a flavoring or sweetener in a wide range of food and beverage products.
The global citrus concentrate market is expected to continue to grow in the coming years, driven by increasing demand for citrus-based products in the food and beverage industry. Factors such as the growing popularity of healthy and natural food products, the rise in demand for convenience foods, and the increasing use of citrus concentrates in various applications such as bakery, confectionery, and beverages are expected to drive the market growth. The market is segmented by product type, application, and geography. Product types include orange, lemon, lime, grapefruit, and others. Applications of citrus concentrates include beverages, bakery and confectionery, dairy and frozen desserts, sauces, and seasonings, among others. The major geographic regions in the market include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key players in the citrus concentrate market include Coca-Cola, PepsiCo, Tropicana, Welch’s, Citrosuco, Cargill, Inc., Louis Dreyfus Company, Dohler, and ADM among others. These companies are investing in R&D to develop new products and expand their product portfolios to meet the changing demands of consumers. They are also adopting various strategies such as mergers and acquisitions, partnerships, and collaborations to strengthen their position in the market.