Juicers Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Juicers Market Analysis
The Global Juicers Market has generated revenue of USD 2.9 billion in the current year and is poised to achieve a CAGR of 8% for the forecast period.
Juice is extracted from a variety of fruits, vegetables, and herbs using a juicer. The pulp is crushed and squeezed to extract the juice, which is then filtered through a fine mesh attached to the machine. Consuming uncooked fruits and vegetables has become simpler with the invention of new juicer varieties. Additionally, the juicer market of today has broadened the uses and applications of juicers to include the grinding of baby food, pizza, coffee, and dough for bread and chapattis.
The global juicer market has benefited from the COVID-19 pandemic. When the pandemic recedes, there will probably be a further rise in the number of people interested in juicing. Juicer producers will benefit from this since there is now a higher demand for their goods. Furthermore, the growth in sales would enable businesses to recoup some of the losses brought on by the world recession.
The market for juicers is projected to be driven by the rising demand for fiber-rich fruit and vegetable juices. In addition, growing urbanization, changing lifestyles, and healthier lifestyles among middle-class populations are some of the reasons propelling the juicer industry. The market growth rate would be accelerated by other important variables including the increase in health awareness initiatives and high disposable income. Furthermore, profitable market expansion chances will be produced by technology developments and the introduction of new products. Nonetheless, the juicer industry will continue to face challenges because of fluctuating raw material and operating cost prices.
Juicers Market Trends
This section covers the major market trends shaping the Juicers Market according to our research experts:
Rising Health Concerns and Increasing Preferences for Fresh Juices Driving the Market
Juicers are becoming more popular worldwide as a result of customers' growing preference for fresh fruit and vegetable juices over packaged juices due to growing health concerns. Fresh fruit and vegetable juices are full of antioxidants, which boost immunity and have positive effects on the body's physical, mental, and spiritual health. The growing popularity of juicing as a way to improve one's health and as a means to reduce weight, improve overall health, control blood sugar levels, improved digestion, and have more energy. The latest models of juicers have been created in response to the growing demand to cut down on preparation time and workload while making juice at home, helping the market for juicers. Moreover, Juice bars and caf茅s supply the demand, which in turn raises the need for more juicers with improved capabilities.
Furthermore, increased health awareness campaigns, healthy lifestyles among middle-class consumers, rising income levels, and the desire to spend more money on fitness and health are driving the growth of the juicer market.
New Product Launches To Help The Market Thrive
Although there are different demands depending on the utilization, market leaders have been concentrating on creating new items for varied applications. Leading market players like Philips have developed the VIVA series, which targets the mid-range domestic market and has a cheap price range and quick clean technology for simple juicer cleaning. With a 700w engine, the VIVA line can produce up to 2 liters of juice at once.
With a separate inlet for fruits and leafy vegetables, the HUROM HZ series are the best available on the professional market. Also, it features several strainers for smoothies, frozen fruit, and soft ingredients to meet all the needs of juice bars and shops.
Leading market participants have introduced new goods with enhanced capabilities. To offer the best goods and services to clients, they have elevated developments and innovations. One of Omega's greatest centrifugal machines is the Omega NC900HDC. The juice can be stored for 72 hours and is slowly extracted using an 80-rpm motor, making the juice thicker and more brilliant in color. This line of juicers is made to produce juice of the highest quality while limiting the oxidation of nutrients and keeping molecules from boiling due to the motor's slow rotational speed (rpm).
Juicers Industry Overview
The global juicers market is fragmented due to the presence of a large number of global and regional players in the market like AB Electrolux, Bajaj Electricals Ltd., Borosil Ltd., Breville USA Inc., Cuisinart, DeLonghi Spa, Donlim, Hamilton Beach Brands Holding Co., Havells India Ltd., Hurom America Inc., Joyoung Co. Ltd., Koninklijke Philips NV, Kuvings, Midea India Pvt. Ltd., Newell Brands Inc., Omega Juicers, Panasonic Holdings Corp., SEB SA Co., Treasure Retail Pvt. Ltd., and TTK Prestige Ltd., among others. Manufacturers are introducing new products in the market using new technologies. The companies use various marketing strategies to increase their market shares. Some of the market's leading players are heavily investing in research and development activities to improve their position in current electronic technologies and processes in order to increase efficiency and lower costs.
Juicers Market Leaders
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Breville Group Ltd
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Cuisinart Inc.
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Electrolux AB
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Omega
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Hamilton Beach Brands Holding Co.
*Disclaimer: Major Players sorted in no particular order
Juicers Market News
- On 5th February 2023, Angela Juicers announced the launch of their new website. Angela Juicers is an online store that offers juicers, accessories, and recipes. Angela Juicers offers a wide selection of juicers, from masticating to centrifugal, as well as a variety of accessories.
- On January 10, 2023, Prestige launched a new product named Prestige Plus Atlas 750 W Juicer Mixer Grinder. The newly launched product was with a locking system and the company provided Liquidizing Jar of capacity 1.5 liters in this new product launch.
Juicers Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.5 Industry Attractiveness: Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Insights on Various Regulatory Trends Shaping the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Centrifugal Juicer
5.1.2 Masticating Juicer
5.1.3 Triturating Juicer
5.1.4 Others
5.2 By Category Type
5.2.1 Manual Juicers
5.2.2 Electric Juicers
5.3 By End- User
5.3.1 Commercial
5.3.2 Residential
5.4 Distribution Channel
5.4.1 Supermarkets/Hypermarkets
5.4.2 Specialty Stores
5.4.3 Online
5.4.4 Other Distribution Channels
5.5 By Geography
5.5.1 North America
5.5.2 Europe
5.5.3 Asia-Pacific
5.5.4 South America
5.5.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 KEY COMPANY PLAYERS
6.2.1 AB Electrolux
6.2.2 Bajaj Electricals Ltd.
6.2.3 Borosil Ltd.
6.2.4 Breville Group Ltd
6.2.5 Cuisinart Inc.
6.2.6 Hamilton Beach Brands Holding Co.
6.2.7 Havells India Ltd.
6.2.8 Angela Juicers
6.2.9 Koninklijke Philips NV
6.2.10 Omega Juicers
6.2.11 Panasonic Holdings Corp.
6.2.12 TTK Prestige Ltd.*
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Juicers Industry Segmentation
Home gadgets called juicers are used to extract juice from fruits and vegetables. The device extracts fresh fruit or vegetable juice by pressing or crushing the produce through a mesh filter and separating the pulp from the liquid. The global juicers market report focuses on the market dynamics, trends, and demand for juicers in the market. The report offers an in-depth analysis of the key trends, segments, opportunities, and factors that are driving the market. Additionally, the key profiles of the major players in the global market are provided in detail.
Global Juicers Market is segmented by Type (Centrifugal, Masticating, Triturating, and Other), by Category Type (Manual Juicers, and Electric Juicers), by End- User (Commercial, Residential), by Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online, and Other Distribution Channels), and by Geography (North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.
| By Type | |
| Centrifugal Juicer | |
| Masticating Juicer | |
| Triturating Juicer | |
| Others |
| By Category Type | |
| Manual Juicers | |
| Electric Juicers |
| By End- User | |
| Commercial | |
| Residential |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Specialty Stores | |
| Online | |
| Other Distribution Channels |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Juicers Market Research FAQs
What is the current Juicers Market size?
The Juicers Market is projected to register a CAGR of greater than 8% during the forecast period (2024-2029)
Who are the key players in Juicers Market?
Breville Group Ltd, Cuisinart Inc., Electrolux AB, Omega and Hamilton Beach Brands Holding Co. are the major companies operating in the Juicers Market.
Which is the fastest growing region in Juicers Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Juicers Market?
In 2024, the Europe accounts for the largest market share in Juicers Market.
What years does this Juicers Market cover?
The report covers the Juicers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Juicers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Juicers Industry Report
Statistics for the 2024 Juicers market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Juicers analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
