Cherry Concentrate Market

Cherry Concentrate Market Study by Aseptic and Frozen Cherry Concentrate for Juices, Jams, Marmalades, Syrups, Ready Meals, and Soft Drinks from 2024 to 2034

Analysis of Cherry Concentrate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Cherry Concentrate Market Outlook (2024 to 2034)

Fact.MR has placed the global cherry concentrate market size at US$ 1.03 billion in 2024. Projections are for expansion at a CAGR of 4.5% and the market is to reach US$ 1.61 billion by the end of 2034.

Cherry concentrate can be used in many applications such as juices, jams, marmalades, syrups, etc. Cherries are known for their health benefits and are one of the major foods with efficient antioxidants. A key antioxidant is flavonoids, which are present in cherry juice and are made from plants; this is said to have a positive effect on the human immune system.

There are two types of cherry concentrates, i.e., aseptic cherry concentrate and frozen cherry concentrate. The addition of aseptic concentrate in the product increases its shelf life, which can be stored for a longer time period. Cherry concentrate consumption is also believed to help prevent arthritis and cure glaucoma.

Report Attributes Details
Cherry Concentrate Market Size (2023A) US$ 989.4 Million
Estimated Market Value (2024E) US$ 1.03 Billion
Forecasted Market Value (2034F) US$ 1.61 Billion
Global Market Growth Rate (2024 to 2034) 4.5% CAGR
East Asia Market Share (2024) 23.9%
China Market Growth Rate (2024 to 2034) 4.9% CAGR
Key Companies Profiled
  • Lemon concentrate
  • Milne Fruit Products
  • H&H Products Company
  • Ve.BaCooperativa Prtofruttticola
  • Cascadian Farm Organic
  • Kerr Concentrates
  • Louis Dreyfus Company
  • Ingredion
  • Copefrut
  • Other Market Players

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Historical Cherry Concentrate Market trends (2019 to 2023) vs. Future Pathway (2024 to 2034)

The market value for cherry concentrate reached US$ 829.6 million in 2019 and increased to US$ 989.4 million by 2023, expanding a CAGR of 3.5%. Drying, canning, and fermentation are the traditional cherry preservation methods. Due to the benefits of cherry concentrate, companies utilize it in different applications such as food & beverage products (juices, smoothies, yogurts, ice creams, candies, jams, and sauces.), nutraceuticals and supplements (syrups and tinctures), and functional foods (energy bars, protein shakes, and granola mixes).

  • Short Term (2024 to 2027): Consumer preference is shifting toward healthier food choices. Customers are demanding natural flavors instead of artificial flavors as additives in different food applications. Cherry concentrate boosts immunity, improves the sleep cycle, and regulates metabolism, etc. These advantageous properties of cherry concentrate will keep the market expanding steadily in the short term.
  • Medium Term (2027 to 2030): Manufacturers are expected to adopt different production techniques to provide a continuous supply of cherries and cherry concentrate in the market. Advancements in plantation techniques such as the Pergola system, dual table system, and UFO cultivation method will largely be implemented to gain maximum yield.
  • Long Term (2030 to 2034): Manufacturers will actively explore nutrition and health-boosting ingredients in cherry concentrate to fascinate consumers who are concerned about health issues. Manufacturers and exporters are expected to target 100% biodegradable packaging for environment-friendly solutions.

The market has been forecast to grow at a CAGR of 4.5% during the forecast period from 2024 to 2034, according to Fact.MR, a market research and competitive intelligence provider.

What are the Key Factors Driving Cherry Concentrate Market Growth?

“Extraction Process of Cherry Concentrate Aligning with Consumer Health Priorities”

Cherry concentrate is produced by extracting the water from juice, which reduces the chances of spoiling due to lower bacterial growth risk. In general, consumers prioritize their health, which has led to a shift in buying habits for nutritional products. More people are seeking healthier products to gain essential nutrients.

A large group of people across the world are suffering from cardiovascular issues, high blood pressure, uneven sleep schedules, arthritis, gout, and many more. To deal with such health issues, it is essential to consume proper nutritional food on a daily basis. Cherry concentrate is used for value addition in nutritional products such as snacks, supplements, etc., which has widened its applicability. Professional athletes, gymnasiums, and wrestlers tend to follow a healthy diet, and, as such, rising demand for nutritional products will further drive the market for cherry concentrate over the years ahead.

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What are the Factors Affecting Market Expansion?

“Price Fluctuations and Uncertain Availability of Cherries”

Many companies in the food industry still prefer artificial flavoring as an additive over natural cherry concentrate. Production of cherries is seasonal, making it more vulnerable to price volatility. Uncertain crop yield and transportation costs also hinder market growth.

Furthermore, food safety regulations can be challenging for both manufacturers and suppliers. Concentrated cherry packaging has become a crucial issue because of the plastic ban, quality control, and labeling requirements.

Country-wise Insights

Why is Cherry Concentrate Consumption Rising in China?

"Steadily Increasing Domestic Production and Consumption"

Expanding at a CAGR of 4.9%, the market for cherry concentrate in China is projected to increase from a valuation of US$ 176.1 million in 2024 to US$ 284.1 million by 2034.

China is one of the major countries for the production of cherries. The country has seen historical cherry imports from Chile. However, local production has been rising continuously Cherry juice is used in various food & beverage applications in the country, which has led to the rising popularity of concentrated cherries.

Social media and e-Commerce are also playing a crucial role in the sales of cherries and its concentrates in China. The perfect usage of online platforms and distribution channels has made cherry concentrate more accessible to consumers all over the country.

China is also increasing its domestic production due to the rising demand for cherries. Various fruit concentrate products are emerging in China, and the launch of new products with the addition of cherries has pushed market growth with China gradually increasing its cherry concentrate market share.

  • According to the State Council Information Office of China, China is the largest importer of cherries, and Chinese consumers favor Chilean Cherries. Out of the total cherry imports of China, Chile contributes around 97%.
  • According to the Chilean Fruit Exporters Association, China will import more than 85% of Chilean cherries in the year 2024.
  • Chinese domestic cherry production was expected to grow by 8% per year, according to the United States Department of Agriculture (USDA) estimates.

Why is the Cherry Concentrate Market Flourishing in the United States?

"Cherry Concentrate Driving Innovation in Food & Beverage Industry"

The U.S. cherry concentrate market is estimated at US$ 176.1 million in 2024 and is slated to increase at a CAGR of 4.9% to reach US$ 284.1 million by the end of 2034.

The U.S. has a significant presence in the food & beverage industry, and cherry concentrate is used for various applications such as in bakery products, juices, syrups, jams, marmalades, soft drinks, and ready meals. The food processing industry in the U.S. is expanding constantly with export opportunities contributing to the growth of cherry concentrate. Further innovative technology in agricultural practices has enhanced production efficiency, making cherry concentrate more accessible and affordable for consumers.

The U.S. government is providing financial support to companies and research institutions engaged in the development of technology.

  • The National Library of Medicine (NLM) recommends having commercially grown cherries in the U.S. to reduce bone resorption for women aged between 65 and 80 years.

Initiatives, coupled with subsidies, tax incentives, and investments in research and development, are set to drive the demand for cherry concentrate in the country.

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Category-wise Insights

Why is Application of Cherry Concentrate in Juice So Popular?

“Versatile and Nutrient-Rich World of Concentrated Cherry Juice"

The cherry concentrated juice segments holds a market share of 29.5% under the applications segment. The segment is set to reach a value of US$ 305 million in 2024 and thereafter expand at CAGR of a 4%.

Concentrated cherry juice is affordable and a great alternative to raw juice. It doesn’t get rotten and can be used for a long period, providing excellent nutritional benefits. Cherry juice is not only refreshing but also has solid health benefits. There are different varieties of cherry juices available in the market. Some are of 100% purity and others have additional sugar sweetness for the creation of cocktails.

Cherry juice is one of the important products used to cure various health issues. These include preventing cancer growth, improving the sleep cycle, boosting immunity, etc. Intake of cherry concentrate in the juice form in believed to lead to easy digestion. The juice is being widely used in the food and beverage industry for smoothies, bakery products, etc.

How is Aseptic Cherry Concentrate Complementing Market Expansion?

“Aseptic Type Enhancing Cherry Concentrate Shelf Life and Versatility"

Aseptic cherry concentrate will hold a market share of 58.9% in 2024. The segment is set to be valued at US$ 609 million in 2024 and advance at a CAGR of 4.4% through 2034.

The aseptic type of cherry concentrate is the result of the process of converting cherries into a concentrated form. This involves heating the cherry juice to a high temperature to eliminate microorganisms, followed by a rapid cooling process. Packaging is done in a sterile environment to maintain its freshness.

This form has a longer shelf life as compared to others. The sterilization process helps preserve the product without the need for refrigeration until and unless it is opened. It finds widespread application in the food & beverage industry for making smoothies, sauces, bakery items, and more. It is also utilized to remove bacteria and improve the quality of concentrated juices. Limiting factors such as seasonality and availability in certain geographical locations can be overcome with the help of the aseptic method.

Market Competition

Leading players in the cherry concentrate industry are Lemon Concentrate, Milne Fruit Products, H&H Products Company, and Ve.Ba. Cooperativa Ortofrutticola, Cascadian Farm Organic, Kerr Concentrates, Louis Dreyfus Company, Copefrut, and Ingredion.

Manufacturers are focusing on innovating their product offerings to meet the changing demands of consumers. To improve the quality of their products, manufacturers are investing in new technology for the production of cherries. Sustainable measures in production will ensure a constant supply of cherries, leading to higher sales. Market players are expanding their presence in emerging markets such as China, which are experiencing high growth in the food & beverage industries. Companies producing cherry concentrate are also collaborating with exporters for the efficient delivery of products.

  • In August 2023, Copefrut, a leading fruit exporter in Chile, published its sustainability report. According to the report, the company is emphasizing reducing electricity usage in its fruit processing plant. The company is taking measures such as energy management and using compostable packaging bags instead of polyethylene bags to achieve the target of carbon neutrality.

Fact.MR has provided detailed information about the price points of key manufacturers of cherry concentrate positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Cherry Concentrate Market Research

  • By Type :

    • Aseptic Cherry Concentrate
    • Frozen Cherry Concentrate
  • By Application :

    • Juices
    • Jams
    • Marmalades
    • Syrups
    • Ready Meals
    • Soft Drinks
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

- FAQs -

What was the cherry concentrate market size reported by Fact.MR for 2023?

The global cherry concentrate market was valued at US$ 989.4 million in 2023.

Which type of cherry concentrate is most extensively used?

Aseptic cherry concentrate accounts for a market share of 58.9% in 2024.

Which application accounts for high revenue generation?

Cherry concentrate used for juice making accounts for a market share of 29.5% in 2024.

What is the estimated valuation of the cherry concentrate market for 2034?

The market for cherry concentrate has been forecasted to reach of US$ 1.61 billion in 2034.

At what CAGR is the cherry concentrate market projected to grow?

Revenue from cherry concentrate sales is projected to increase at a CAGR of 4.5% from 2024 to 2034.

At what rate in the market projected to expand in China?

The market in China has been forecasted to expand at 4.9% CAGR through 2034.

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