North America Apple Juice Market

North America Apple Juice Market Analysis:

North America Apple Juice Market is worth $ xx million in 2021 and is expected to grow to $ xx million by the end of 2026 with a compound annual rate of xx% between 2021 and 2026.

Product Description:

The apple is one of the most cultivated tree fruits and the third most internationally traded fruit after the banana and the grape. Apples are generally consumed not only for their flavor, but also for the important nutrients they contain, including high levels of vitamins, antioxidants, and dietary fiber. The rate of consumption of apple juice, sauces and apple juice has increased significantly. Apple juice is one of the most popular juices around the world because it is considered a healthy drink that can improve heart health and digestion. Apple juice is composed of polyphenols, which protect bones during menopause, alleviate respiratory diseases such as asthma, help prevent Alzheimer's, regulate cholesterol levels, reduce the risk of various cancers, control diabetes and help lose weight. Apple juice may be associated with normal aging, lung function, bone health, and cognitive impairment of gastrointestinal protection. Some of the polyphenols available in apples to help fight disease are hydroxycinnamic acid, dihydrochalcones, flavan-3-ols, flavonols, and procyanidin B2. Apple juice is a fruit juice made by dipping and pressing apples. Apple juice contains many key nutrients such as vitamin C, vitamin B, and various minerals.

Market Growth

The confluence of consumer perceptions on the consumption of apple-flavored products helps drive demand for the product in the North America Apple Juice market.

Drivers

Increased consumption of apple juice due to various health benefits is a major factor driving the growth of the North America Apple Juice market. Apple juice concentrate has a shelf life of 1-3 years and depends on the type of concentrate. In addition, the shelf life of finished products made from concentrates is 6 months to several years, depending on the conditions in which the finished product is stored. The long shelf life not only helps to store the concentrate for a long time, but also makes it easier to transport and use in later stages. In addition to ordinary products made from apple concentrate, special products for the military and astronauts are also made. Military juices generally have a shelf life of 4-8 years, which is three times the shelf life of juices available to civilians and further promotes the North America Apple Juice market growth during the forecast period. Consumers around the region prefer apple juice made from concentrate because the nutrients in apples are retained during the North America Apple Juice making process. Therefore, apple juice made from concentrate has a higher market share than fresh apple juice. Most companies are promoting their brand with 100% apple juice made from apple concentrate, which has generated a positive perception of apple concentrate, driving the growth of the North America Apple Juice market. The apple juice market is expected to witness steady market growth during the forecast period. The main drivers of market growth are the increasing demand for natural, plant-based ingredients, the growing popularity of convenience foods and beverages, and the increasing use of bakery products as sugar substitutes around the region. Increased awareness is expected to create tremendous growth opportunities for North America Apple Juice market participants during the evaluation period. Increasing consumer awareness of added sugar to foods has led to an increased need for natural sugar. Active players in the North America Apple Juice market have shifted their focus to natural sugars, such as sugar derived from fruit, also known as deionized fruit juice concentrate. Concentrated sugar is considered a healthy substitute for refined white sugar in bakery products. It also keeps baked goods moist for long periods of time. Unlike refined sugar, apple juice concentrate contains a lot of nutrients and is released into the bloodstream less quickly. The North America Apple Juice market is expected to grow during the forecast period as the use of apple juice concentrate as an alternative to refined sugar in bakery and confectionery products increases. Increased investment in R&D has introduced a new line of cold-pressed juice products and new varieties in terms of flavorings, packaging and specialty ingredients, leading more consumers to prefer pressed juices. With the growing awareness of natural foods, the demand for North America Apple Juice is increasing and this trend is expected to continue throughout the forecast period. In addition, growing consumer preferences for the consumption of organic products and lifestyle changes are another important factor that is expected to drive the growth of the North America Apple Juice market during the forecast period. The growing concern for health and the growing tendency to follow a healthy lifestyle are important factors driving the growth of the North America Apple Juice market.

Restraints

One of the main reasons hampering the North America Apple Juice market is that when it comes to apple supply, farmers are struggling with apple production due to climate change and natural disasters. Furthermore, the factors that support growth are unfavorable, such as sudden climate change and the availability of water. Another reason for slowing growth is the limited availability of apples to expand your business and meet the ever-increasing demand. The availability of apples in the processing industry has also decreased as the percentage of preference for raw apples has increased. However, in the future, the North America Apple Juice market may grow if you deliberately comply with these limitations.

Market Segments

By nature, the North America Apple Juice market is classified as organic and traditional. As consumers' preference for consuming organic products increases, the organic sector is likely to be the most attractive in the forecast period.

By type, the North America Apple Juice market can be segmented into unfiltered and filtered market. The filtered segment is expected to represent a significant revenue share of 84.3% in 2018 and is expected to post significant growth over the forecast period.

By end use, the North America Apple Juice market is segmented into domestic, commercial, and others. The household sector is likely to be the most attractive during the forecast period. Furthermore, the apple juice market is directly and indirectly segmented based on distribution channels. The indirect segment is further subdivided into retail retailers and store-based electronic retailers. Of these subsegments, store-based retail is expected to account for the largest market share at 88.8% in 2021.

By distribution channel, the North America Apple Juice market is segmented into supermarkets and hypermarkets, specialized stores. Supermarkets and hypermarkets accounted for the largest market share with 68.8% in terms of sales. Furthermore, the specialty stores segment is expected to post the fastest growth of xx% during the forecast period.

Impact of COVID 19 on the North America Apple Juice Market

The coronavirus pandemic has disrupted the North America Apple Juice market supply. The impact of the epidemic on the food system especially in China, has caused a loss of market demand. Social distancing and home maintenance orders are further closing restaurants and food chains, negatively impacting the North America Apple Juice market.

Regional Analysis

North America Apple Juice had the largest share in 2021 and is expected to grow at a significant rate in the coming years. Increasing awareness of excessive fructose intake and healthy food choices is having a positive impact on the Apple Juice market in the US region. The use of Apple Juice instead of sugar in the bakery and confectionery markets is another factor driving the growth of the Canadian Apple Juice market.

Top Leading Company

Leading companies operating in the North America apple juice market include The Coca-Cola Company, Del Monte Food, Inc., Parle Agro Pvt Ltd, Tree Top Inc., PepsiCo. Inc., Britvic Plc, Manzana Products Co., The Kraft Heinz Company, Eden Foods Inc., Solana Gold Organics, and White House Company.