Juicer Market Players, Opportunities, Statistics, COVID-19 Impact, and Forecast by 2027
Market Analysis
The global juicer market is anticipated to touch USD 4 billion at a 6.9%
CAGR between 2020- 2027, as per the recent Market Research Future (MRFR)
analysis. Juicer, or juice extractor, simply put, are electric or manual
kitchen appliances used for extracting juice from fruits and vegetables. These
juicers help to crush, grind, and squeeze the pulp from vegetables or fruits
for extracting the juice. Electric juicers and manual juicers are the different
types of juicers that have both commercial and residential uses. Today, the
application and use of these juicers have also been extended for making coffee,
grinding baby foods, pizza, bread, and dough for chapattis.
Various factors are propelling the global juicer market growth. According
to the latest MRFR report, such factors include rising consumption of fresh
fruit & vegetable juices, demand for freshly extracted juices, rising per
capita disposable income, and improving living standards. Additional factors
propelling the growth include the rising number of juice bars, increasing use
of smart juicers, rising health consciousness, increasing prevalence of
multifunctional juicers, growing popularity of smart juicers, burgeoning demand
for green leafy vegetables and berries, and availability of innovative and
advanced juicers.
On the contrary, availability of packaged juices, demand for ready to
eat products, the high price of advanced electric juicers and frequent power
outages are factors that may limit the global juicer market growth during the
forecast period. Besides, the COVID-19 pandemic has affected the procurement of
raw materials and the manufacturing of juicers with a huge bulk of electric components
being made by Chinese companies.
Market Segmentation
The MRFR report gives an inclusive segmental analysis of the global
juicer market based on distribution channel, end user, and type.
By type, the global juicer market has been segmented into electric
juicers and manual juicers. Electric juicers are again segmented into
triturating juicers, masticating juicers, and centrifugal juicers.
By end user, the global juicer market is segmented into commercial and
residential.
By distribution channel, the global juicer market is segmented into
non-store-based and store-based. The store-based segment is again segmented
into specialty stores, supermarkets and hypermarkets, and others.
Key Players
Eminent key juicer market
players in the report include Hurom India Private Limited (India), Xinbao Group
(China), Panasonic India (India), Foshan Shunde Ouke Electric Co., Ltd.
(China), Kenwood Limited (India), Braun GmbH (Germany), KUVINGS (India),
Breville Group Limited (Australia), Koninklijke Philips N.V. (Netherlands),
Cuisinart (US), and Hamilton Beach Brands Holding Company (US). Industry
players have incorporated several strategies to stay ahead in the competition
and also cater to the customers growing needs. Such strategies include yet are
not limited to mergers and acquisitions, partnerships and joint ventures,
collaborations, new product launches and developments, contracts, strategic
alliances, geographic expansions, and more.
Regional Analysis
Based on the region, the global juicer market report covers the recent
trends and growth opportunities across North America, Europe, the Asia Pacific
(APAC), & the Rest of the World (RoW). Of these, the APAC region is
predicted to dominate the market over the forecast period. Increasing
consumption of vegetable and fruit juices, shifting preference of consumers
towards fresh and healthy juices, and the presence of several global and
regional players are adding to the global juicer market growth in the
region.
The global juicer market in Europe is predicted to hold the
second-largest share over the forecast period. Consumers increasing health
consciousness is adding to the global juicer market growth in the region.
The global juicer market in North America is predicted to have notable
growth over the forecast period.
The global juicer market in the RoW is predicted to have sound growth
over the forecast period.
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and its Impact on Various Industry Verticals and wherever required we will be
considering Covid19 Footprints for Better Analysis of Market and Industries.
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