The global production for the season was around 76 million tons. According to USDA, the production of apples decreased globally by 2.6 million tons over the 2017/2018 season. Till date, people prefer to consume apples in the raw form, which limits the supply of apples for the processing industries. Limited availability of apples is creating hurdles in the expansion of business, although the demand for processed apple products is increasing day by day.Īpple is consumed in both, the raw and processed form. The production of apple depends on water availability, climatic conditions, and other factors. Farmers are facing challenges in apple production because of changing climate and natural disasters. However, the availability of apple is the biggest challenge these days. Juices made for the military generally have a shelf life of 4-8 years, which is three times the shelf life of juices available for civilians, which is further driving the market growth during the forecast period. Apart from regular products made from apple concentrate, specialized products are also made for the military and astronauts. Long shelf life not only helps in storing concentrates for longer periods but also eases transportation and use at a later stage. ![]() Also, finished products made from concentrates will have their own shelf life - six months to years, and this depends on the conditions in which the finished products are stored. The shelf life of apple juice concentrate ranges from 1-3 years, and depends on the type of concentrate. The confluence of consumer perception for apple flavored product consumption helps to drive the demand for the product in the global market. There has been significant growth in the consumption rate of apple flavored juices, sauces, as well as apple juice. Apples are commonly consumed not only because of their flavor but also because of the important nutrients that they contain, including high levels of antioxidants, vitamins, and dietary fiber. ![]() By 2018 end, the revenue generated from apple juice sales worldwide, will possibly reach around US$ 7,163.8 Mn, which is further expected to cross a value of US$ 8,300 Mn by the end of 2026.Ĭonsumer Choice Manages to Sustain Market GrowthĪpple is one of the most widely cultivated tree fruits, and the third-most internationally traded fruit, following banana and grapes. However, during 2018-2026, the overall growth of the global apple juice market is estimated to be sluggish at a CAGR of 2%. From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the Netherlands, while the other leaders experienced a decline in the import price figures.The apple juice market will continue to witness sales due to the aforementioned health benefits, over the next eight years. Prices varied noticeably by the country of destination the country with the highest price was Denmark ($1,397 per tonne), while Ireland ($572 per tonne) was amongst the lowest. The concentrated apple juice import price in the EU stood at $1,262 per tonne in 2020, jumping by +19% against the previous year. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (-3.6% per year) and Austria (-8.8% per year). It was followed by Austria, with a 12% share.įrom 2007 to 2020, the average annual rate of growth in terms of value in Germany totaled -6.9%. The second position in the ranking was occupied by the Netherlands ($73M), with a 12% share of total imports. In value terms, Germany ($209M) constitutes the largest market for imported concentrated apple juice in the EU, comprising 36% of total imports. ![]() Ireland (20K tonnes) and Denmark (10K tonnes) followed a long way behind the leaders. Austria (58K tonnes) occupied a 13% share (based on tonnes) of total imports, which put it in second place, followed by the Netherlands (12%), France (11%) and Poland (11%). Germany represented the major importer of concentrated apple juice in the EU, with the volume of imports reaching 158K tonnes, which was approx. In physical terms, imports reduced from 808K tonnes to 463K tonnes during this period. In value terms, European concentrated apple juice imports dropped twofold, from $1.2B in 2007 to $0.6B in 2020. In value terms, concentrated apple juice imports estimated at $584M ( IndexBox estimates) in 2020. Concentrated Apple Juice Imports in the EUĬoncentrated apple juice imports dropped to 463K tonnes in 2020, reducing by -13.7% compared with 2019 figures.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |