Juicer Market to Grow with a CAGR of 6.86% Globally through 2028
The global Juicer market is highly competitive, with
diverse product offerings, growing consumer demand for natural and sustainable
options, and key players focusing on innovation and marketing strategies.
According to TechSci Research report, “Global Juicer
Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, the Global Juicer Market stood at USD 2.5 Billion in
2022 and is anticipated to grow with a CAGR of 6.86% in the forecast period,
2024-2028. The Global
Juicer Market is driven by growing health consciousness, evolving dietary
preferences, and technological innovations, with a focus on eco-friendly and
sustainable solutions. Consumers seek fresh, nutritious juices and innovative
product offerings. Challenges include fierce competition, price sensitivity,
maintenance concerns, and sustainability. Diverse product ranges, including
smart features, cater to different needs and budgets. Juicing is not just about
nutrition but also a holistic lifestyle, with the rise of plant-based diets and
specialized juice offerings. As the market responds to these trends, it
continues to thrive and adapt to meet evolving consumer demands.
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The Global Juicer Market is witnessing remarkable
growth, driven by a convergence of factors that are reshaping consumer habits
and preferences. These driving forces have propelled the juicer market into an
era of rapid expansion and innovation. One of the primary drivers of this
market's growth is the increasing emphasis on health and wellness. Modern
consumers are increasingly health-conscious, recognizing the pivotal role that
nutrition plays in their overall well-being. Juicers have emerged as a solution
for individuals seeking to enhance their diets with fresh and nutrient-rich
juices. The convenience of extracting vitamins, minerals, and antioxidants from
fruits and vegetables aligns with the trend of promoting a healthier lifestyle.
Changing dietary preferences have also significantly impacted the juicer
market. Dietary habits have evolved, with a notable shift towards plant-based
and organic diets. Vegetarian, vegan, and flexitarian diets are on the rise,
and fresh fruit and vegetable juices are instrumental in meeting the
nutritional requirements of individuals adhering to these dietary choices. As a
result, juicers have become essential appliances for households looking to
adopt cleaner and more sustainable dietary practices.
Technological advancements in juicer design are
another influential driver. The market has witnessed the development of
innovative juicers with enhanced capabilities. Notably, cold-press or
masticating juicers have gained traction due to their ability to extract juice
with minimal heat generation, preserving the nutritional value of the final
product. Additionally, smart juicers equipped with connectivity features have
made their way into the market, allowing users to customize recipes and monitor
their nutritional intake. These technological advancements cater to tech-savvy
consumers seeking a more convenient and efficient juicing experience.
The focus on sustainability and eco-friendly solutions
is another driver shaping the juicer market. Consumers are increasingly
concerned about the environmental impact of their purchases, which has led to
the demand for juicers that are energy-efficient and eco-conscious.
Manufacturers are working to reduce waste generation, incorporate eco-friendly
materials, and adopt sustainable manufacturing practices, aligning their
products with the values of environmentally conscious consumers.
Furthermore, the juicer market offers a diverse range
of products to cater to various consumer needs and preferences. This diversity
includes various types of juicers, each designed for specific purposes, from
centrifugal models for quick and convenient juice extraction to masticating
juicers for higher juice quality. Smart features, such as multiple speed
settings and pulp control, enhance user experience and provide customization
options. The availability of juicers spanning a wide price range, from budget-friendly
to high-end models, ensures that consumers with varying budgets can access the
benefits of juicing.
In conclusion, the Global Juicer Market is thriving
due to a confluence of factors that reflect changing consumer habits,
preferences, and values. The growing emphasis on health and wellness, evolving
dietary choices, technological advancements, sustainability concerns, and a
diverse product range with customization options are all fueling the market's
growth and innovation. As the juicer market continues to adapt to the evolving
needs and demands of consumers, it remains on a trajectory of sustained expansion.
The online segment of the global juicer market is
experiencing robust growth, as consumers increasingly turn to digital platforms
for their purchasing needs. Online sales offer convenience, enabling shoppers
to browse and compare a wide array of juicer options from the comfort of their
homes. The direct-to-consumer model has expanded, providing competitive
pricing, exclusive online deals, and convenient doorstep delivery. In-depth
product information, customer reviews, and expert opinions online facilitate well-informed
decision-making. As consumers continue to prioritize convenience and efficiency
in their shopping experiences, the online segment of the juicer market is
poised for sustained growth, leveraging the power of digital platforms.
Major companies operating in Global Juicer Market
are:
- Procter & Gamble
- Breville USA, Inc.
- Sunbeam Products, Inc.
- Hurom India
- Cuisinart
- KUVINGS
- Koninklijke Philips N.V
- Panasonic Corporation
- AB Electrolux
- Midea Retail (PTY) Ltd.
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“The global juicer market is witnessing significant
growth driven by several key factors. Increasing health consciousness and
dietary preferences for fresh, nutritious juices are propelling the demand for
juicers. Technological advancements, including smart features and eco-friendly
designs, are shaping product innovation. A diverse range of juicers caters to
various consumer needs and budgets, further expanding the market. Additionally,
the online segment is flourishing, offering convenience and access to a wide
array of juicer options. These trends collectively highlight the industry's
adaptability and the shift towards healthier, more sustainable lifestyles.”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“Juicer Market – Global Industry Size, Share,
Trends, Opportunity, and Forecast, Segmented By Product Type (Manual Juicers,
Electric Juicers), By Application (Residential, Commercial), By Sales Channel
(Supermarket/Hypermarket, Specialty Stores, Online, Others), By Region, By
Competition, 2018-2028”, has evaluated the future growth potential of Global
Juicer Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Juicer Market.
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