Middle East and Africa Fruits and Vegetable Juice Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The Middle East and Africa fruit and vegetable juice market is projected to register a CAGR of 6.24% during the forecast period, 2020-2025.
Key HighlightsThere is a wide variety of fruit and vegetable juices in varied packaging formats available across the region. This, in turn, attracts consumers to buy fruits and vegetable juices based on their taste preference and convenience. The increasing per capita consumption of juices primarily fruit juices has created a great platform for the foreign manufacturer to penetrate in the regional market. For instance in 2019. RAW Pressery was lunched in supermarkets of UAE. The brand claims to be 100 percent natural and free of artificial additives such as sugar, preservatives, concentrates and ideal. Also, the companies are creating new flavors that are expected to compete with traditional flavors at the top of which are peach, pomegranate, pink guava and lemon with mint. However, fruit juices such as mango, apple, organe, guava and strwaberry remained the most preffered juices among the consumers in the country. There has been increasing investment in new product development and product expansion, in the Middle East countries. For instance, Almarai and PepsiCo have planned to invest at least USD 345 million in Egypt, between 2014-2019, this investment is mainly focused on the fruit juice segment.
Saudi Arabia is the Largest MarketSaudi Arabia fruit and vegetable juice market is expected to observe growth in demand during the forecast period, due to consumers shifting towards healthier alternatives against carbonated energy drinks. Considering the consumption pattern of beverages by the population, with increase in health awareness, consumers are likely to be concerned and more cautious about the ingredients of the juice. Therefore, they are likely to prefer beverages with no-added sugar, natural juice content, added vitamins, minerals, organic ingredients, and super fruits. The fruit and vegetable juice market in Saudi Arabia has availed an advantage from the excise taxes imposed on carbonates and energy drinks in 2017, hence, consumers are likely to shift towards healthier soft drinks, like bottled water, juice, and dairy drinks. Consumers in Saudi Arabia prefer orange, apple, and mango juice flavors, especially since orange and apple flavors are usually 100% juice content with no added sugar. Moreover, juices with pulp are continuing to grow in the Saudi market, led by Almarai, Nadec, and Nada.
Competitive LandscapeThe Middle East and Africa fruit and vegetable juice market is highly fragmented, with numerous small- and medium-scale regional players holding a prominent share. The key players in the market studied include PepsiCo Inc., The Coca-Cola Company, Del Monte Foods, Inc, Almarai Company, and Welch Foods Inc. New product launches, incorporating nutritional benefits with high fiber content and 100% pure fruit and vegetable concentrates, along with juice blends offering functional benefits, are among the prominent factors driving the key players to hold a major share in the market studied. The companies are adopting strategies, like forming new agreements and partnerships with different players, in order to increase their foot prints in various countries and release new products according to the consumers’ changing preferences.
Additional Benefits:Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook