Global Organic Juices Market - 2023-2030
Market OverviewThe global organic juices market reached US$ XX million in 2022 and is projected to witness lucrative growth by reaching up to US$ XX million by 2030. The market is expecetd to exhibit a CAGR of 10.6% during the forecast period (2023-2030).
The organic juices market has gained popularity due to the perceived health benefits associated with organic juices. The growing consumer demand for natural, organic, and sustainable food products is the main reason for having a significant share of the global market. Organic juices are available in a variety of flavors, blends, and packaging types, including bottles, cans, pouches, and cartons. Organic juice manufacturers often use high-pressure processing (HPP) technology to preserve the flavor, nutrients, and freshness of the juice without the need for heat pasteurization.
Market DynamicsHealth benefits associated with organic juices are driving the market growth
Organic juices are rich in vitamins, minerals, antioxidants, and other nutrients that are essential for maintaining good health. They are often consumed as part of a healthy diet and lifestyle, as they help to boost immunity, improve digestion, detoxify the body, and promote overall well-being. For instance, 2.5 billion dollars worth of organic beverages were drunk in the U.S. in 2021. As a result, the market for organic juices is growing due to the benefits provided by organic juices.
The short shelf life of organic juices restraints the growth of the organic juices market
Organic juices, like all-natural and organic products, lack the preservatives that are commonly used in conventional products to extend their shelf life. As a result, organic juices have a shorter shelf life and require refrigeration to maintain freshness. This can be a significant barrier to market growth, as it increases the costs associated with production, transportation, and storage. It also limits the geographic reach of the product, as it cannot be easily transported long distances without compromising its quality.
COVID-19 Impact AnalysisThe COVID-19 analysis includes Pre-COVID Scenario, COVID Scenario, and Post-COVID Scenario along with pricing dynamics (including pricing change during and post-pandemic comparing it with pre-COVID scenarios), demand-supply spectrum (shift in demand and supply owing to trading restrictions, lockdown, and subsequent issues), government initiatives (initiatives to revive market, sector or industry by government bodies) and manufacturers strategic initiatives (what manufacturers did to mitigate the COVID issues will be covered here).
The global market for organic juices suffered a minor setback due to the COVID-19 pandemic. The restrictions on commerce and lockdown affected the market. On the contrary, there has been a growing interest in health and wellness during the Covid-19 pandemic, leading to an increased demand for organic and natural products, including organic juices. Consumers are looking for ways to boost their immune systems, and organic juices are seen as a way to achieve this.
Ukraine-Russia War Impact
The Russian economic outlook has worsened since the start of the war in Ukraine and the imposition of significant economic sanctions at the end of February and March 2022. Russia’s consumer expenditure - corresponding to 47% of the country’s GDP – was estimated to decline severely in 2022. Economic sanctions imposed by countries on Russia or Ukraine could lead to a decrease in demand for organic juices in these markets, which could impact global sales.
Segment AnalysisThe global organic juices market is segmented based on product type, packaging type, end-use, distribution channel, and region.
Bottles segment held the highest share in the organic juices market due to the ease of its use
Based on packaging type, the bottles segment has a higher share in the organic juices market. Bottles are a popular packaging option in the organic juice market due to their convenience, portability, and ability to preserve the freshness and quality of the juice. Glass bottles are particularly favored in the organic juice market, as they are seen as eco-friendly and are often associated with premium, high-quality products. PET (polyethylene terephthalate) bottles are gaining popularity in the organic juice market due to their lightweight, shatterproof, and recyclable properties.
Geographical AnalysisOrganic farming and increasing production in European countries are expected to drive the market growth
Europe has a long-standing tradition of organic farming and production, with many European countries having strict regulations and certifications for organic products. This has helped to build consumer trust in organic products and led to high demand for organic juices in the region. For instance, as per Eurostat, 14.7 million hectares of land in 2020 in the EU were used for organic farming. Additionally, Europe is home to several major organic juice manufacturers and exporters, such as Germany, Italy, and Spain. These countries have well-established supply chains and distribution networks, which will boost the market growth.
Competitive LandscapeThe major global players in the market include Danone, Suja Life LLC, The Coca-Cola Company, Organic Valley, PS Organic, James White Drinks, Ocean Spray, Evolution Fresh, Hain Celestial Group, and Purity Organic.
Why Purchase the Report?• To visualize the organic juices market segmentation based on product type, packaging type, end-use, distribution channel, and region and understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of organic juices market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The organic juices market report would provide approximately 69 tables, 72 figures, and 200 Pages.
Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies