NFC Juices Market Forecast: Driving Factors, Market Analysis, Investment Feasibility & Trends 2027
Market
Research Future has published a cooked research report on the Global NFC
Juices Market Forecast, 2019–2028. The global NFC Juices
Market is projected to exhibit a CAGR of 3.58% during the forecast period of
2021 to 2028.
Market
Research Futurehas recognized Döhler (Germany), Kerr Concentrates (US),
CitroGlobeS.r.l. (Italy), Austria Juice (Austria), Lemonconcentrate S.L.U
(Spain), Kiril Mischeff (UK), Louis Dreyfus Company(Netherlands), Prodalim
Group (Israel), Sun Impex (UAE), and Ariza b.v.(Netherlands)as the key
players in the global NFC Juices Market Forecast.
Market
Highlights
The
global NFC Juices Market is projected to be valued at
USD 2,510.3 million by 2028, recording a CAGR of 3.58% during the
forecast period. Rising demand for natural plant-based ingredients and
the growing popularity of convenience food & beverages are driving the
growth of the global NFC
Juices Market Forecast. Increasing consciousness regarding
health among the general population and increasing consumer inclination towards
clean label products areexpected to create growth opportunities for the market
players. However, the regional availability of fruits is expected to hinder
market growth in the coming years.
The
outbreak of COVID-19 has lowered the production capacities of NFC juices.
Mandatory closure of manufacturing facilities has impacted the entire NFC
juices industry since the outbreak. Stringent lockdown restrictions have
resulted in transportation woes which have ultimately impacted the availability
of adequate human resources and raw materials supply. As a result of increasing
panic among consumers for food, stockpile for NFC juices have become a common phenomenon
in the last few months across the globe. The supply chain of the NFC Juices
Market Forecast comprises manufacturers, distributors, and consumers.
Furthermore, the lockdown measures led to the disruption of the global shipping
networks. Some port authorities have forced the ships carrying goods to observe
a 14-day quarantine period. This measure has significantly increased the
overall shipping time and costs for key raw materials used in the production
process of NFC juices.
The
COVID-19 pandemic has positively impacted the global NFC Juices Market Forecast.
Amidst the panic situation of COVID-19, the WHO recommended people to consume
immunity-boosting foods. Thus, the NFC Juices Market Forecast witnesses a
notable demand due to the presence of fruits that effectively boost human
immunity. The demand for NFC juices is expected to increase in the coming days
in the future, which would result in a price increase of NFC juices in the
upcoming years.
Key
Findings of the Study:
- The
global NFC Juices Market Forecast is projected to exhibit a CAGR of
3.58%from 2021 to 2028.
- The
orange segment accounted for the largest market share of 22.93% in 2020,
whereas the blends segment is expected to exhibit the highest CAGR of
3.95%during the forecast period.
- The
conventional segment accounted for the largest market share of 79.56% in
2020, whereas the organic segment is expected to exhibit the highest CAGR
of 4.31% during the review period.
- The
non-alcoholic beverages segment accounted for the major market share of 47.97%
in 2020, whereas the dairy & frozen desserts segment is expected to
record the highest CAGR of 4.42% during the forecast period.
Segmental
Analysis
The
global NFC Juices Market Forecast has been segmented based ontype,
category, application, and region.
Based
on type, the global NFC Juices Market has been segmented into orange, lemon,
apple, pomegranate, blends, and others. Theorange segment accounted for the
largest market share of 22.93% in 2020,whereas the blends segment is expected
to exhibit the highest CAGR of 3.95% during the review period.Blended
juice refers to the blends of fruits, a combination of different fruits.
Depending on the nature of the juice, blends are prepared within the processing
unit. Blended NFC juices are getting more attention among the end users because
of their nutritional profile and quality. Increasing demand for mixed fruit
juices among consumers is anticipated to stimulate the blends segment during
the forecast period.
Based
on category, the global NFC Juices Market Forecast has been segmented into
organic and conventional. The conventional segment accounted for a larger
market share of 79.56% in 2020, whereas the organic segment is expected to
exhibit ahigher CAGR of 4.31% during the review period.Organic NFC juice is extracted
from fruits that are grown organically without the use of synthetic chemicals.
These fruits are chemical-free and cultivated under stringent guidelines and
supervision to maintain purity and low/zero chemical concentration. Organically
produced NFC juice is relatively costlier and requires high capital investments
to cultivate fruits and process the juices. The organic segment is expected to
grow with an impressive CAGR during the forecast period owing to the surging
demand for organic products.
Based
on application, the global NFC Juices Market Forecast has been segmented
into non-alcoholic beverages, alcoholic beverages, bakery & confectionery,
dairy & frozen desserts, and others. The non-alcoholic beverages segment
accounted for a major market share of 47.97% in 2020, whereas
the dairy & frozen desserts segment is expected to recordthe
highest CAGR of 4.42% during the forecast period.
Access full report @ https://www.marketresearchfuture.com/reports/nfc-juices-market-10600
Regional
Analysis
Geographically,
the global NFC Juices Market Forecast has been categorized as North
America,Europe, Asia-Pacific,South America, and the Middle East & Africa.
As per MRFR analysis, Europeconstituted a dominant share of the NFC Juices
Market in 2020. North America was the second-largest market in 2020.North
America is expected to be a potential market for the producers of NFC juices.
With the US being the major contributor to the market growth in this region.
The US is expected to maintain its dominance within the regional market during
the review period. The increasing awareness about healthy food products and
rising consumption of convenience food & beverage products are expected to
drive the growth of the market in North America. Organic NFC juices are gaining
traction in the European market as the consumption of organic packaged food
& beverages is the highest compared to the other regions.The increasing per
capita disposable income of consumers has led to the rising sales of fruit
juices. China accounted for a major share of 33.32% of the Asia-Pacific NFC
Juices Market Forecast.
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Research Future (part of Wantstats Research and Media Private
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