Juice Extractors: Market Size and Share Analysis Through 2032
Juice Extractors Market Overview:
Juice Extractors Market Size growth is estimated as 8.33%
for the forecast period. Juice extractors are effective equipment to extract
juice from fruits and vegetables. The juice extracting equipment is
multiprocessing with versatile tasks. The motor power of the juice extractor is
high end. There are various types of extracts that are gaining popularity these
days. There are centrifugal, titrating and masticating juicer varieties in the
market. The centrifugal type of the extractors has high demand among the
end-users.
Juice
Extractors Market Size was valued at USD 2.1 billion in 2022. The Juice
Extractors market industry is projected to grow from USD 2.27 Billion in 2023
to USD 3.67 billion by 2030
Many factors drive demand in this region. Especially, high
consumption of fruit juices among individuals is a crucial factor leading to
high demand. The dairy industry is another end-user of the market having a high
demand for juice extractors. Milkshakes, smoothies and juice industries are
increasing their adoption of juice extractors. Bakeries, beverages and
confectionaries market are other factors that contribute to growth.
Commercial juice industries have massive investments in such
juice extractors. The growth of commercial juice markets is growing in many
regions. The health-conscious population has a higher consumption of juices.
This leads to more adoption rate for the market. There are lots of benefits of
fruit juices. Due to the increased awareness about natural juice benefits, the
demand for the market is rising. All these are factors that will contribute to
high Juice Extractors Market Value.
Covid Analysis:
Covid 19 is effective in various trade activities. Since the
outbreak of covid 19 in china there are lots of challenges for global markets.
From 2020, the demand for industries is facing a downfall. There are low demand
and supply rates for many markets. In this covid 19 periods, the use of juice
extractors is growing. Many of the patients affected by covid 19 consume a high
amount of natural juices.
Due to this reason,
the commercial juicing market is facing high demand. To combat the virus and
weakness consuming natural juice are crucial. These juices strengthen immunity
and help the patients to recover faster. Rising health consciousness among
individuals is another factor driving demand in the market. Even in the
upcoming years, the Juice Extractors Market Outlook remains positive. The high
consumption of juices leads to high demand for this equipment.
Competitive Landscape:
The competition in the market is surging in the forecast
period. There are market expansions, acquisitions, mergers and collaborations
in the market. The investments from the user end will also rise.
The Juice
Extractors Market Companies such as Phillips, Cuisine, Kuvings, Braun,
Hamilton Beach, Breville Chefs Star, Breville, Omega, Jack LaLanne, Cuisinart,
Hurom, Philips, Kenwood, Guangdong Xinbao Electrical Appliances Holdings Co.
Ltd., Panasonic, and Foshan Shunde Ouke Electrical Appliances Holdings Co.
Ltd., and others are working on expanding the market demand by investing in
research and development activities.
Market Dynamics:
• Crucial market drivers
Surging demand for dietary juices is a crucial driver of the
market. Today, dietary juices are becoming an important part of many people’s
life. Health awareness is rapidly growing among the population. There are lots
of diseases and ailments that affect people. Due to this, individuals are
paying more attention to fitness and a healthy lifestyle. Natural juices are a
crucial part of a healthy life.
The consumption of immunity-boosting juices is rising due to
these reasons. Also, dietary juices subside the demand for processed beverages.
The demand for dietary juices has a positive impact on the juice extractors
market. Further, the wide range of promotions for juices extractors is creating
high demand. Exposure to juices extractors is massive in many countries.
The centrifugal and masticating capabilities of these juices
are popular. Also, the benefits of such juice extractors are high among
customers. There are lots of juice extractor varieties that are gaining
traction in the global market. Raising awareness is a crucial demand driver
that raises the revenue rate. Further, investments in the industry are growing
among developing nations. Juice Extractors Market Forecast shows a positive
growth due to these factors.
• The market growth opportunities
The rise in disposable income of the population creates
growth opportunities. In many countries, the disposable income of individuals
is rising. These can improve lifestyle of people. Also, a surge in disposable
income positively impacts the juice extractors market. The spending of the
customer on such equipment will be high. With improvement in living standards,
health will become a priority in life.
All these factors will contribute to high supply rates in
the juice extractors market. Further, advancements in the market will create
promising growth opportunities. The juice extractors market is advancing. New
products are offered in the market that will expand demand. Various types of
centrifugal and masticating juicer types will be launched in upcoming years.
This will attract end-users in commercial and industrial segments.
Technological advances in the market are expected to be a
wide range in upcoming years. All these factors will contribute to overall
Juice Extractors Market Growth. Moreover, there are various campaigns for fruit
and vegetable juices. This creates more exposure to the benefits of fruit and
vegetable juices. Many governments encourage these campaigns for the good
health of people. All these are factors that will create new developments in
the juice extractors market.
• The market restraints
The juice extractors are high-end equipment. The centrifugal
and masticating features offer exceptional juicing. They are equipment that
offers success to the commercial juicing markets. However, during the covid 19
periods, there are lots of challenges in the juice extractors market.
Production is severely affected in this period. Further,
there are problems in the availability of raw materials. This is causing raw
material fluctuation in the market. Raw material fluctuation is leading to
several market inconsistencies. There are high operational costs due to the
volatility in raw material prices. This can impede the adoption rate of the
market in the forecast period.
• The market challenges
The high cost of juice extractors is a challenge in this
market. Juice extractors are high need versions of juicers. They not only
extract vegetable and fruit juices but they have much more features. They can
knead, chop and blend items. Due to the multipurpose uses the price of this
technology is high.
The high cost can hamper the growth of this market. The
low-cost alternatives have more demand. Further, operational costs in the
market are another challenge. These market challenges can hinder the overall
revenue and growth rate in the forecast period.
• Cumulative growth analysis
Juice Extractors Market Trends remain steady in the forecast
period. Many factors drive demand in the market. Demand for dietary juices is
an important factor that raises market demand. Further, the rising awareness
about health is another crucial driver of the market. There is fluctuation in
raw materials that affect the growth of this market.
Further, high cost is another challenge in the market. The
Diary market is a crucial segment that is having a higher demand for juice
extractors. Further, there are lots of growth opportunities in the market such
as high disposable income in the market. New product launches will create more
growth in the market.
• Value chain analysis
The Asia Pacific is the region with the highest Juice
Extractors Market Share. The production of juice is high in this region. The
awareness about juice extractors is increasing in Asia pacific. There are key
regional players in the market that rise overall growth.
China, India and Japan are crucial countries with high
investments. The shift of consumer preference to health and fitness is
affecting market demand. Further, there is high consumption of dietary juices
in the market. The production of vegetables and fruits contribute to the
overall growth of juice extractors.
Segmentations:
By product type
• Masticating
• Citrus juicer
Centrifugal
• Cold press
• Others
By function
• Pulp ejection
• Reverse
• Non-drip sprouts
Regional Analysis:
The juice
extractors industry is diversified into Asia Pacific, Europe and North
America. The Asia Pacific is the region with the highest number of shares. In
the forecast period, it is a market that will witness the highest growth.
Commercial juice production industries have a massive demand for juice
extractors. China and Japan have increased awareness about vegetable and fruit
juices.
The key players have many market strategies in upcoming
years. There are high product ranges that will launch in the next few years.
Further, North America has high investments in juice extractors. There is
immense production of these juicing technologies. US and Canada is having the
highest demand. Europe is the next largest market with the highest shares.
Rising health concerns create more opportunities.
Report Outlook:
1. Market overview
highlights
2. Analysis based
upon COVID 19
3. Explanation upon
the Market Dynamics
4. Value chain
analysis
5. Market
segmentation overview
6. The regional
analysis
7. Competitive
landscape analysis
8. Recent
Developments
What are the Juice Extractors Market growth rate?
The growth rate of the market is 8.33%.
Which is the crucial segment of the Juice Extractors Market?
Centrifugal juicers have the highest demand among key
players.
Which is the key regional player of Juice Extractors Market?
The Asia Pacific is a key regional player.
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