Global Juice Extractors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Juice Extractors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Juice extractors are kitchen appliances that extract the juice from whole fruits and vegetables.

Market Overview:

The latest research study on the global Juice Extractors market finds that the global Juice Extractors market reached a value of USD 1456.29 million in 2022. It’s expected that the market will achieve USD 2147.58 million by 2028, exhibiting a CAGR of 6.69% during the forecast period.

Influence of COVID-19 Outbreak on Juice Extractors Industry Development

The COVID-19 outbreak has disrupted business and economic activities globally. It is expected to have a short-term impact on the Juice extractors market to a certain extent. With several countries across the globe announcing nationwide lockdowns and temporary closures of various industries, production and manufacturing have been severely affected. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of small and medium-sized enterprises is imperfect and fragile. Trade barriers have further impacted the demand-supply gap. Companies operating in the Juice extractors market have suspended non-essential visits/activities until the COVID-19 outbreak is resolved.

However, due to the longer time of working and living at home, some people pay more attention to juice extractors products. Family life makes them more committed to a healthy diet. Therefore, some people have increased their purchases of juice extractors through e-commerce websites.

With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.

Strength

The sustained development of global economy and the continuous improvement of people's living standards will further promote the stable and healthy development of juice extractors industry. With the continuous expansion of production and sales scale and the continuous development of the downstream market, the demand for juice extractors in the downstream market has further increased. The market penetration rate of juice extractors increased, the industrial production capacity expanded continuously, and the industrial structure was further improved and optimized. The economic development and demand growth of downstream market are favorable economic factors for juice extractors industry.

In recent decades, the social and cultural environment has undergone earth-shaking changes. People's lifestyles have also changed, and people pay more attention to production efficiency and product operation convenience. The appearance of juice extractors conforms to the development trend of the market, which is beneficial to improve the service efficiency and quality. This makes the juice extractors market develop continuously. In addition, consumers' consumption concept will gradually change to a healthy, fast and convenient direction. Juice extractors meet the needs of consumers for nutrition and individual tastes. This makes the juice extractor have a great development space. The market economy of juice extractors industry will tend to be more intelligent, beautiful and professional.

Nowadays, e-commerce is the trend of global development, and e-commerce of juice extractors can promote its development. Through the network operation of marketing, in order to cover a larger marketing area and more people, offline operation (stores, chain mode) and Internet operation are combined to realize marketing networking. Improving the efficiency and operation speed of supply chain through informationization can not only improve the fashion speed of products, but also speed up the capital turnover.

In today's highly developed network environment, in order to seize higher market share and gain higher market revenue, we must expand sales channels, attach importance to product sales chain and sell products to more people. Pay attention to online sales. In the modern society with developed e-commerce, people are used to shopping online, knowing the detailed information and price comparison of products through the network platform, and getting goods at home. Therefore, the development of e-commerce will open up new opportunities for the further development of the market.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Joyoung is one of the major players operating in the Juice Extractors market, holding a share of 8.73% in 2021.

Joyoung is the leading brand of quality small household appliances.

Supor, full name Zhejiang Supor Co., Ltd., is a Chinese cookware and small appliances company, headquartered in Binjiang District, Hangzhou, Zhejiang, China.

Segmentation Overview:

Among different product types, Centrifugal Juicer segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Home Use segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Juice Extractors market covered in Chapter 3:

Oster
Hamilton Beach
Supor
Donlim
Braun
Cuisinart
Joyoung
Kuvings
Philips
Kenwood
Midea
Breville
Panasonic
Hurom

In Chapter 4 and Chapter 14.2, on the basis of types, the Juice Extractors market from 2018 to 2029 is primarily split into:

Centrifugal Juice Extractor
Masticating Juice Extractor
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Juice Extractors market from 2018 to 2029 covers:

Home Use
Commercial

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)