The new report by Expert Market Research titled, ‘Global Juicer Market Research, Size, Share, Report and Forecast 2023-2028’, gives an in-depth analysis of the global juicer market, assessing the market based on its segments like product, end-use, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Forecast CAGR (2023-2028): 9.2%
The juicer market is driven by the growing demand for developed and innovative products has prompted juicer manufacturers to develop user-friendly and visually appealing smart juicers with a variety of advanced features. Rise in demand for fiber-rich beverages is one of the primary factors propelling the juicer industry. Juice with a high fibre content helps to decrease cholesterol and improve digestion. It also aids in the regulation of blood sugar levels.
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The juicer market is further aided by rising demand for fruit juice and green leafy vegetables. The juicer industry is also expanding as consumers are becoming more conscious about fitness and healthy living. The customers are more likely to opt for new juicers due to high living standards and increased income, propelling the juicer market.
Juicer Industry Definition and Major Segments
A juicer is a machine that extracts juice from fruits, herbs, leafy greens, and other vegetables using electricity. To extract the juice, it crushes, grinds, and squeezes the pulp from the fruits or vegetables. Juicers separate the pulp from the liquid content of fruits and vegetables by crushing or shredding them through a mesh filter.
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Based on product, the market is divided into:
- Centrifugal Juicer
- Masticating juicer
- Triturating juicer
On the basis of end-use, the market segmented into:
The regional markets include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Juicer Market Trends
With rising health issues, consumers inclination for fresh fruit and vegetable juices over packaged juices has increased, driving the global juicer market. Fruit and vegetable juices are high in antioxidants, which help to boost the immune system. The rising demand for shorter preparation times and less work while making juice at home has resulted in the development of innovative products, which has aided the juicer market. Some new features of smart juicers are mobile app control, the ability to extract juice directly into a variety of glass and container sizes, food and drink recipes, and customizable mode based on juicing fruit or vegetable.
Additionally, the smart juicers also provide free maintenance services, remote control, better safety, enhanced usefulness, and energy savings. Furthermore, the expansion of the juicer market will be aided by an increase in the number of juice outlets and shops in the coming years.
Key Market Players
The major players in the market are Breville Group, Cuisinart Inc., Hamilton Beach Brands Holding Co. (NYSE: HBB), Koninklijke Philips NV, Kuvings. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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