NEW
YORK, June 26, 2024 /PRNewswire/ -- The
global juices market size is estimated to grow by
USD 109.4 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 8.4% during the forecast period. Benefits of
cold-pressed juice over traditional juice is driving market growth,
with a trend towards increasing prominence of private-label brands.
However, fluctuating prices of raw materials poses a
challenge. Key market players include Archer Daniels Midland Co.,
BevNET.com Inc., Binghatti Holding Ltd., Bostan Juice, Campbell
Soup Co., Citrus World Inc., Dabur India Ltd., Eckes Granini Group
GmbH, Keurig Dr Pepper Inc., Motts LLP, National Beverage Corp.,
National Council of Farmer Cooperatives, Nestle SA, NutriAsia Inc.,
Ocean Spray Cranberries Inc., PepsiCo Inc., Suntory Holdings Ltd.,
The Coca Cola Co., Vilore Foods Co. Inc., and WILD Flavors and
Specialty Ingredients USA
Inc..
![Technavio has announced its latest market research report titled Global juices market 2024-2028 Technavio has announced its latest market research report titled Global juices market 2024-2028](https://mma.prnewswire.com/media/2447467/IRTNTR43843_bw_info_v4.jpg)
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Fruit juices,
Vegetable juices, and Others), Distribution Channel (Offline and
Online), and Geography (Europe, North America, APAC, South America,
and Middle East and Africa)
|
Region
Covered
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Archer Daniels Midland
Co., BevNET.com Inc., Binghatti Holding Ltd., Bostan Juice,
Campbell Soup Co., Citrus World Inc., Dabur India Ltd., Eckes
Granini Group GmbH, Keurig Dr Pepper Inc., Motts LLP, National
Beverage Corp., National Council of Farmer Cooperatives, Nestle SA,
NutriAsia Inc., Ocean Spray Cranberries Inc., PepsiCo Inc., Suntory
Holdings Ltd., The Coca Cola Co., Vilore Foods Co. Inc., and WILD
Flavors and Specialty Ingredients USA Inc.
|
Key Market Trends Fueling Growth
Retailers worldwide are expanding their private-label juice
offerings, selling various fruit and vegetable juices under their
brands to boost profitability. Major retailers, including Archer
Daniels Midland Co. And Alibaba, are introducing organic and
functional juices, capitalizing on consumer demand. Private-label
juices are priced lower than branded ones, making them popular
among price-sensitive consumers. Supermarkets are increasing shelf
space and marketing efforts for these products, leading to growth
in the global juices market. The demand for private-label juices is
anticipated to continue rising during the forecast
period.
The consumer market for juices is experiencing significant
growth, with a variety of flavors and types gaining popularity.
Fruit juices, such as apple, orange, and grape, continue to
dominate the scene. However, vegetable juices and functional
juices, like ginger and turmeric, are also trending. Consumers are
increasingly seeking out organic and natural options, as well as
convenient and sustainable packaging. The market is also witnessing
an influx of functional juices, which offer added health benefits.
Additionally, the rise of e-commerce platforms has made it easier
for consumers to access a wide range of juices from different
brands and regions. Overall, the juices market is a dynamic and
evolving space, driven by consumer preferences and
trends.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The juices market faces challenges with rising production costs
due to increasing prices of raw materials like fruits, vegetables,
sugar, and packaging materials. Adverse weather conditions,
national emergencies, natural disasters, and supply shortages
impact the availability and price volatility of these materials.
Manufacturers struggle to introduce new product varieties due to
these factors, which in turn affects consumer purchase decisions
and market performance. The unpredictable prices of fruits and
sugar, in particular, can negatively impact the growth of the
global juices market.
- The juices market faces several challenges in the commerce
sector. Consumers seek natural and organic options, such as fruit
and vegetable juices, but sourcing and supplying these can be
difficult. Traders deal with issues like long supply chains,
inconsistent quality, and high costs. Additionally, the presence of
large players in the market creates intense competition. To address
these challenges, innovative strategies like local sourcing,
partnerships with farmers, and technology integration can be
employed. Producers can also focus on creating unique flavors and
packaging to differentiate their offerings. Overall, the juices
market requires a strategic approach to overcome these challenges
and thrive in the commerce environment.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This juices market report extensively covers market segmentation
by
- Product
- 1.1 Fruit juices
- 1.2 Vegetable juices
- 1.3 Others
- Distribution Channel
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Fruit juices- The juices market experiences
consistent growth due to increasing health consciousness among
consumers. Fruit and vegetable juices are popular choices, with
orange, apple, and carrot juices leading the way. Supermarkets and
specialized juice stores dominate the sales landscape. Competition
is fierce, with companies focusing on product quality, innovation,
and customer satisfaction to stand out. Pricing strategies and
distribution channels also play crucial roles in market
success.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Juices Market encompasses a wide range of natural liquid
offerings, derived from various biological food sources such as
fruits, vegetables, and herbs. Consumers increasingly prioritize
health consciousness, leading to a growing demand for juices rich
in essential nutrients, vitamin C, and natural sugars. These
include extracts from grapes, pineapples, and other fruits, as well
as vegetable juices and organic juices. The extraction process may
involve pressing or pulping to preserve the fiber and liquid
essence. Carbonated drinks and sugary beverages, on the other hand,
are less favored due to their adverse health effects. Minerals and
natural sugars contribute to the overall taste and nutritional
value of these juices. Blends and flavors add variety and appeal to
this market.
Market Research Overview
The global beverages market, with a significant focus on juices,
is experiencing robust growth due to increasing health
consciousness and consumer preference for natural and organic
products. Fruits and vegetables are the primary sources for juice
production, with consumers showing a strong inclination towards
superfoods and functional beverages. Consumption patterns vary
across regions, with Asia-Pacific
and Europe leading the market
share. Sustainability and eco-friendly packaging are key trends
shaping the industry. Seasonality, supply chain challenges, and
price fluctuations are some of the factors influencing the market
dynamics. The market is expected to continue its upward trajectory,
driven by innovation, consumer demand, and strategic
collaborations.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Fruit Juices
- Vegetable Juices
- Others
- Distribution Channel
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio