Market Size of Saudi Arabia Fruit Concentrate Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.15 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Saudi Arabia Fruit Concentrate Market Analysis
Saudi Arabia fruit concentrate market is projected to grow at a CAGR of 4.15% during the forecast period (2020-2025).
- Consumers in the Saudi Arabia are more inclined toward a carbohydrate-rich diet. However, they are gradually shifting to a vitamin, mineral, and fiber-rich diet. This change is expected to augment the demand for fruit concentrate in the diverse food and beverage industries during the forecast period.
- Beverage is the leading application in the market for fruit concentrates, like powders, purees, and juices. The dairy industry uses concentrated fruit powder in products, such as yogurt, ice cream, desserts, and other fermented products, to enrich their nutritional content.
- Fruit concentrates are witnessing an increasing application as substitutes for sugar in the bakery and confectionery sector, due to the changing consumer trends and food preferences. Fruit concentrates are perceived as healthy ingredients to refined white sugar in baking recipes. This is one of the major factors that is strongly augmenting the sales of fruit concentrates.
Saudi Arabia Fruit Concentrate Industry Segmentation
The market studied is segmented into fruit type and application. Based on fruit type, the market studied is segmented into citrus fruits, red fruit and berries, tropical fruit, and other fruit types. By application, the market studied is segmented into beverages, bakery and confectionery, dairy and frozen desserts, and other applications.
| By Fruit Type | |
| Citrus Fruit | |
| Red Fruit and Berries | |
| Tropical Fruits | |
| Other Fruit Types |
| By Application | |
| Beverages | |
| Bakery and Confectionery | |
| Dairy and Frozen Desserts | |
| Other Applications |
Saudi Arabia Fruit Concentrate Market Size Summary
The Saudi Arabia fruit concentrate market is experiencing a notable transformation, driven by a shift in consumer dietary preferences towards vitamin, mineral, and fiber-rich foods. This trend is significantly boosting the demand for fruit concentrates across various sectors, particularly in the food and beverage industries. Beverages remain the dominant application for fruit concentrates, with powders, purees, and juices being extensively used. The dairy sector also incorporates concentrated fruit powders to enhance the nutritional value of products like yogurt and ice cream. Additionally, the bakery and confectionery industries are increasingly adopting fruit concentrates as healthier alternatives to refined sugars, aligning with evolving consumer trends that favor natural ingredients.
The market landscape is characterized by a fragmented competitive environment, with numerous local and international players vying for market share. Regulatory changes, such as the imposition of excise taxes on carbonated drinks and the requirement for natural colorant alternatives, have further influenced market dynamics. These regulations have encouraged the development of functional foods and beverages, with a growing emphasis on natural ingredients. Tropical fruit concentrates, in particular, are gaining popularity due to their ability to meet the year-round demand for tropical flavors in beverages and desserts. The market is poised for significant growth, supported by strategic expansions and acquisitions by key players like Agrana Beteiligungs AG and Dohler Group, who are enhancing their production capabilities and product offerings in the region.
Saudi Arabia Fruit Concentrate Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Fruit Type
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2.1.1 Citrus Fruit
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2.1.2 Red Fruit and Berries
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2.1.3 Tropical Fruits
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2.1.4 Other Fruit Types
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2.2 By Application
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2.2.1 Beverages
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2.2.2 Bakery and Confectionery
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2.2.3 Dairy and Frozen Desserts
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2.2.4 Other Applications
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Saudi Arabia Fruit Concentrate Market Size FAQs
What is the current Saudi Arabia Fruit Concentrate Market size?
The Saudi Arabia Fruit Concentrate Market is projected to register a CAGR of 4.15% during the forecast period (2024-2029)
Who are the key players in Saudi Arabia Fruit Concentrate Market?
Archer Daniels Midland Company , Kerry Group, AGRANA Beteiligungs-AG , Dohler Group and Symrise AG are the major companies operating in the Saudi Arabia Fruit Concentrate Market.
