Juicers

Juicers

Global Juicers Market to Reach US$5.0 Billion by 2030

The global market for Juicers estimated at US$3.4 Billion in the year 2023, is expected to reach US$5.0 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2023-2030. Centrifugal Juicer, one of the segments analyzed in the report, is expected to record a 7.0% CAGR and reach US$2.7 Billion by the end of the analysis period. Growth in the Masticating Juicer segment is estimated at 3.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$895.4 Million While China is Forecast to Grow at 9.0% CAGR

The Juicers market in the U.S. is estimated at US$895.4 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.2 Billion by the year 2030 trailing a CAGR of 9.0% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 2.9% and 5.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.4% CAGR.

Global Juicers Market - Key Trends & Consumer Insights

Why Are Juicers Becoming a Must-Have Appliance in Health-Conscious Households?

Juicers have become a must-have appliance in health-conscious households as more consumers embrace the benefits of fresh, homemade juices. The ability to extract juice from fruits, vegetables, and leafy greens at home allows individuals to control the ingredients, ensuring that their beverages are free from added sugars, preservatives, and artificial flavors. Juicing is also seen as a convenient way to increase fruit and vegetable intake, providing a quick and easy method to incorporate more nutrients into the daily diet. The rise in health and wellness trends, coupled with growing awareness of the importance of a balanced diet, is driving the demand for juicers as consumers seek to lead healthier lifestyles.

How Are Technological Advancements Influencing the Juicer Market?

Technological advancements are significantly influencing the juicer market, making these appliances more efficient, versatile, and user-friendly. The development of cold-press or slow juicers, which extract juice without generating heat, has been a game-changer in the industry, as these juicers preserve more nutrients and enzymes compared to traditional centrifugal juicers. Innovations in design have also led to the creation of compact and quiet juicers, which are ideal for consumers with limited kitchen space or those who prefer a quieter operation. Additionally, advancements in materials and construction have resulted in more durable and easy-to-clean juicers, further enhancing the user experience. These technological improvements are broadening the appeal of juicers, making them accessible to a wider range of consumers.

What Challenges Are Affecting the Global Juicer Market?

The global juicer market faces several challenges, including competition from ready-to-drink (RTD) juices, the relatively high cost of high-quality juicers, and consumer concerns about waste. The convenience of RTD juices, which require no preparation or cleanup, poses a competitive threat to juicers, particularly for consumers with busy lifestyles. Additionally, high-quality juicers, especially cold-press models, can be expensive, which may deter some consumers from purchasing them. Another challenge is the issue of waste, as juicing can produce significant amounts of pulp and leftover produce, which some consumers view as inefficient or environmentally unfriendly. To address these challenges, manufacturers are focusing on educating consumers about the health benefits of homemade juices, offering more affordable models, and developing juicers with features that minimize waste, such as pulp re-utilization options.

What Factors Are Driving Growth in the Juicer Market?

The growth in the juicer market is driven by several factors, including the increasing focus on health and wellness, the growing popularity of home cooking and DIY food preparation, and the rise of plant-based diets. As consumers become more health-conscious and prioritize fresh, natural foods, the demand for juicers is rising as they seek to create nutrient-rich beverages at home. The trend towards home cooking, spurred by factors such as the COVID-19 pandemic, is also contributing to the market`s growth, as more people invest in kitchen appliances that enable them to prepare healthy meals and drinks. Additionally, the rise of plant-based diets, which emphasize the consumption of fruits and vegetables, is boosting the demand for juicers among consumers who want to incorporate more plant-based nutrients into their diets. The ongoing innovation in juicer technology, along with effective marketing strategies that highlight the benefits of juicing, is expected to further drive the market`s expansion.

Select Competitors (Total 42 Featured) -

• Breville Group Ltd
• Cuisinart Inc.
• Electrolux AB
• Hamilton Beach Brands, Inc.
• Omega Products, Inc.
• Koninklijke Philips N.V.,
• Kuvings India
• Panasonic Marketing Middle East & Africa FZE
• Hurom India
• Zummo Innovaciones Mecanicas, S.A.

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