Juice Extractors Market Share, Opportunities, Statistics, COVID-19 Impact, and Forecast by 2030
Market Overview
Juice extractors market is estimated to reach USD 3.67 billion by 2030, growing at a compound annual growth rate (CAGR) of 8.33% during the forecast period (2023-2030). A juice extractor is a machine that extracts juice from fruits and vegetables, as well as nuts, seeds, and meat. The system is a multitasker, owing to its characteristics such as motors and high-end power. In comparison to a juicer, which is used to juice soft fruits and vegetables, a juice extractor is capable of performing other activities because to the high power of its motors, which can reach up to 1500W.
Dynamics of the Market
The fundamental reasons driving the growth of the juice extractors market outlook are the increasing demand for dietary juices and the fast expanding consumer awareness about well-being and health, which is a primary driver of consumer juice consumption. While the market is saturated with ready-to-drink or packaged beverages and juices, consumers are becoming more health conscious as a result of the concerns raised by excessive consumption of these goods. Additionally, health and media publications and commercials educate customers about the dangers of excessive intake of preserve ingredients and food items.
Additionally, increased awareness of health concerns combined with advancements in product offerings are the key factors driving the juice extractors market during the forecast period. In affluent countries, these items continue to rise in popularity and demand as a result of increased awareness, whilst in developing countries, infiltration is rapidly expanding as a result of factors such as higher living conditions and increased disposable money. However, with rising fruit and vegetable juice consumption, the worldwide juice extractors market is predicted to expand at a healthy clip throughout the forecast years. Thus, the juice extract market's demand and growth are entirely dependent on the supply of vegetables and fruits and their geographical dispersion.
Juices are the least developed segment of the beverage industry in terms of demand and growth. As a market niche, children's food is more expensive. The current market for children's beverages is dominated by protein drinks and milk beverages. Regarding the children's fruit juice market, the primary items are fruit purees for infant meal supplements. With a higher standard of nutrition and chemicals, children's food entices purchasers with an appealing container and an intriguing design, ensuring a bright market future. This new marketing strategy will very certainly boost global market demand.
On the other hand, the nectar and fruit juice market is significantly impeding the expansion of the juice extractors market.
Regional Overview
Asia-Pacific now holds a sizable market share and is expected to maintain a sizable position over the projection period. The Juice Extractors market in Asia Pacific is also predicted to expand rapidly throughout the forecast period, owing primarily to the expansion of the vegetable oil sector, particularly in China and India.
North America is seeing a significant expansion in the production capacity of juice extractors, owing to the region's high demand for fruit and vegetable juice. Additionally, rising consumer health consciousness and quick changes in lifestyles and awareness regarding the consumption of a healthy and balanced diet have fueled the North American juice market's rise. The region's juice extractors market is being driven by a variety of reasons, including changing dietary preferences, increased fruit production, rising health concerns among the youthful population, and changes in the composition of juice extractors for various types. The juice extractors market share is expected to expand at a healthy clip in the next years, owing to increased global consumption of nutritional items.
Segmental Analysis
The market has been classified by type into masticating, centrifugal, cold-press, and citrus juicer.
By function, these include a drip-free spout, automated pulp ejection, and reverse.
The market is segmented according to blade material into stainless steel, alloy, iron, and others.
Competitive Dynamics
The key players profiled in Juice Extractor market are Hamilton Beach, Breville, Chefs Star®, Omega, Jack LaLanne, Cuisinart, Philips, Kenwood, Panasonic and Hurom
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