Fruit Juices and Nectars Market Overview, Revenue Growth, New Launches, Regional Share Analysis & Forecast Till 2030
Market Predicts
Market Research Future (MRFR) forecasted that, owing to the preference of fruit juice over carbonated drinks the global fruit juice and nectar market is expected to amplify with a substantial CAGR of 4.35% between 2022 and 2030.
The Fruit Juices and Nectars Market Size is expected to reach USD 184 Billion and grow at a CAGR of 4.35% by 2030.
Market Apprehension
The growing awareness of health benefits of fresh fruit juice is expected to surge the fruit juice and nectars market. Fruit juice and fruit nectar is attainable just by squeezing. The ease of preparation of the fruit juice and fruit nectar is increasing its popularity among people. The added advantage of fruit juice and fruit nectar of being non-fermented products is popularizing it among people, thereby increasing the number of consumers. Fruit juice and fruit nectars are easily available in store. The simplification of supply chain of the e-commerce sector is also hiking the sales number of fruit juice and fruit nectar products. These mentioned factors are likely to escalate the global fruit juice and fruit nectar market growth. Other factors like high cost effectiveness and increase in the disposable income can also prompt the global fruit juice and fruit nectar market growth over the review period.
Market Segmentation
The global fruit juices and nectars market overview has been segmented on the basis of distribution channel, applications, and fruits.
On the basis of distribution channel, the fruit and nectars market has been segmented into store based and non-store based. Due to the connivance of one stop shopping from store, the store segment is expected to grow at a rapid rate. The amplification of the e-commerce sector growth is to spur the non-store segment expansion over the review period.
On the basis of application, the fruit and nectar market has been segmented into dairy and food, confectionary, beverages, bakery, and others. Due to the surge in the popularity of fruit juices, the beverage segment is likely to dominate the global fruit juice and nectars market, in terms of revenue generated.
On the basis of fruits, the fruit and nectar market has been segmented into pear, grapes, apple, pineapple, orange, and others. Owing to enormous consumption of orange juice due to its high preference, the orange segment is expected to register the highest CAGR during the assessment period.
Regional Analysis
Based on the region, the fruit juices and nectars market study has been studied across Asia Pacific, Europe, North America, Europe, and Rest of the World (RoW).
Europe, entailed by North America, is expected to grasp the largest market share, globally. With changing lifestyle, the need for proper nutrition is surging. Hence, in countries like France Germany, the fruit juices and nectars market is likely to surge. Moreover, owing to the high consumption rate of fruit drinks, due to its ease in preparation, the market growth can hike over the forecast year.
The North American market is accounted for a high revenue gain over the evaluation period. The perilous effect of sugar based products is surging the adoption of organic food stuffs. This, in turn, is anticipated to fuel the fruit juice and nectars market.
Key Players
China Haisheng Juice Holdings Co. Ltd (Hong Kong), Kerry Group Plc (Ireland), SkyPeople Fruit Juice Inc. (China), AGRANA Group (Austria), Döhler Group (Germany), Kanegrade Ltd. (U.K.), and SunOpta, Inc. (Canada) are some of the esteemed companies which are enlisted by MRFR.
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