NFC Juices Market : A Technology Analysis of the Key Products and Their Applications
Market Insight
NFC Juices Market Size was valued at USD 2.2 Billion in 2022.
The NFC Juices market industry is projected to grow from USD 2.27 Billion in
2023 to USD 3.02 Billion by 2032, exhibiting a compound annual growth rate
(CAGR) of 3.60% during the forecast period (2023 - 2032)
Primary Drivers and Main Deterrents
NFC juices are popular among consumers, as
these comprise a higher level of nutrition as well as flavors compared to traditional
beverages. This type of juice is a healthier alternative to the traditional
drinks laden with sugar and calories. With the constant upgradation in
consumers’ living standards, preference for products that enhance health has
surged as well. Nutritious and low-calorie beverages such as NFC
juices market are scaling the popularity chart among people.
Changes in the climatic conditions combined
with the rise in hectic lifestyles have been unfavorable for people’s health as
well as their energy levels. This steers their focus towards beverages that
have high nutrition and are natural, thereby, benefitting the NFC juice industry.
NFC juice offers a variety of natural
flavors of different fruits, another aspect that bolsters its appeal among
consumers. Second to food, the beverage landscape is surging rapidly, subject
to a series of technological innovations. The NFC juice industry will thrive parallel
to the stunning growth of the beverage industry.
Segmental Insight
Types of NFC juices include blends, lemon,
orange, pomegranate, apple, and others. In 2020, orange type was the dominant segment
with the highest share of 22.93% while the blends type will be the fastest
segment at the rate of 3.95% during the analysis period.
Key categories are organic as well as conventional.
The higher share in the market is owned by the conventional segment, accounting
to 79.56% as recorded in 2020, whereas the fastest growth rate of 4.31% will be
captured by the organic segment.
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Regional Study
Europe will continue being the market
leader, clinching a significant growth rate from 2021 to 2028. The demand for
NFC juices is extremely high in the region, especially in Germany, thanks to
the high purchasing power of people, and the business strategies adopted by the
top brands. The widespread availability of a variety of NFC juices, and the
alarming rise in diabetes and obesity would favor the European market as well.
MRFR projects the Asia Pacific market to
thrive at the fastest rate of 4.05% over the evaluation period. The NFC juices industry
in the region is growing relentlessly on the back of rising preference for ready-to-eat
food items. Booming urban population across emerging nations, and the surging disposable
incomes of the consumers have raised the sales of ready-to-eat items like NFC
juices. Intense competition in the regional market is encouraging brands to
reach out to customers via distribution channels like specialty retail stores,
direct sales, pharmacies, drug stores, supermarkets, mass merchandisers and
hypermarkets. The soaring number of online stores as well as supermarkets offering
consumers with an alternate medium for high-end products should enhance the
profit margins for the APAC market in the years to come.
Key Industry Contenders
Market Research Future recognizes a few
major NFC
juice manufacturers, including Kerr Concentrates (US), Louis Dreyfus
Company (Netherlands), Lemonconcentrate S.L.U (Spain), Döhler (Germany),
CitroGlobeS.r.l. (Italy), Austria Juice (Austria), Ariza b.v. (Netherlands), Kiril
Mischeff (UK), Prodalim Group (Israel), Sun Impex (UAE), and more.
Key Players are:
Döhler (Germany), Kerr Concentrates (US),
Citro Globe S.r.l. (Italy), Louis Dreyfus Company (Netherlands), Kiril Mischief
(UK), Lemon Concentrate S.L. (Spain), Austria Juice (Austria), Prodalim Group
(Israel), Sun Impex (UAE), and Arizba BV (Netherlands)
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