Investments in the cold-pressed juice industry have been on the rise in response to growing consumer interest in healthy, natural beverages. Many startups and established companies in this sector have attracted investments for various purposes, including product development, expansion, and distribution.
Global Cold Pressed Juices Market
On Aug.16, 2023, Pressed Juicery, a leading cold-pressed juice & functional wellness brand, launched its new hydration collection, Hydration+, an all-natural electrolyte beverage option. The Hydration+ Greens collection includes two juices and a fitness shot. Hydration+ is a green juice that has electrolytes from pineapple, cucumber, spinach, romaine, and sea salt.
On Jun. 27, 2023, Pressed Juicery, a leading cold-pressed juice & functional wellness brand, launched the first-ever Holistic Debloat System featuring new tonic, wellness shot, and supplement capsules. The Summer Debloat Program is developed in collaboration with Hilma, a leader in natural healthcare. Pressed Juicery's cold-pressed technology and fresh ingredients support gut health, relieve and prevent bloat, and help people feel their best all summer.
On May 15, 2023, IW Capital, an investment house, announced its investment in Daily Dose, a premium cold-pressed juice and functional drinks business. Daily Dose is the fastest-growing cold-pressed juice and functional drinks business in the UK, with sustainability at its core. The investment from IW Capital will aid in boosting the further growth and development of the company. IW Capital will utilize these funds to expand its production facilities and support the procurement of required machinery to increase production capacity and drive efficiency improvements.
On Feb. 28, 2023, Clean Juice, the only USDA-certified organic juice and food bar franchise, announced the completion of a multi-phase transition of its Cashew Milk and bottled Cold-Pressed Juices to centralized processing and distribution. The New Organic Cashew Milks is a reinvigorated 3 product, while Blue Cold-Pressed Juice features blue spirulina.Â
These products are made with the highest quality, carefully sourced superfood organic ingredients and without rampant preservatives, additives, chemicals, or fillers in competitor products.Â
Key Companies in the cold pressed juices market includes
Cold Pressed Juices Market Size was valued at USD 0.9 billion in 2022. The cold pressed juices market industry is projected to grow from USD 0.96 Billion in 2024 to USD 1.5 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 7.54% during the forecast period (2024 - 2030). One of the key market drivers fostering the market's expansion is the rising number of overweight and obese people in the world's population.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
These juice products are produced using high-pressure processing techniques on fruits and vegetables instead of juices made in a centrifugal juicer. By using this method, it is possible to prevent the loss of vitamins and minerals during processing and ensure that products include only actual juice. Therefore, the product is exceptionally nutritious thanks to high-pressure process technology, making it ideal for consumers who prefer to sip on fruit juices and mixes packed with nutrients. Consuming 100% fruit juice also encourages a healthy lifestyle and aids in the prevention of chronic illnesses like diabetes. This has a significant impact on the growth of the worldwide cold pressed juices market. Furthermore, numerous research has demonstrated the negative effects of sugary beverage consumption, including soda and cola. Additionally, obesity, kidney illness, and cardiovascular disease are brought on by sugary beverages. Because fruit juices have a good nutritional profile and can thus serve as an acceptable substitute for sugary drinks, this industry is expanding. Thus, this factor is driving the market CAGR for cold pressed juices.
Furthermore, several wellness facilities have advised adopting healthier diets ly to enhance physical and emotional well-being. Detoxification, which assists in body cleansing, is one trend that customers embrace. Fruit juices are essential for detoxifying the body and helping people lose weight. Several juice producers are also introducing initiatives that are simple to incorporate into detox plans. For instance, the California-based business Pressed introduced new detox juice products that were divided into distinct programmes like the Cleanse1 programme and the Cleanse 2 program, each of which included various juice products. Another well-liked dietary trend that has seen widespread consumer adoption is veganism. The demand for these goods is rising quickly among customers because they are simple to incorporate into a vegan diet and give the body the necessary vitamins and minerals. Such items in various tastes and creative packaging are being introduced to cater to this market niche.
However, consumers can enjoy a healthy lifestyle with the convenience of packaged drink products without spending extra time preparing them. Consumers in developing nations like China and India are continuously looking for wholesome and delicious juice products due to the increase in employment and rapid urbanization in these countries. These juices are packaged in PET and glass bottles so that consumers can transport them easily, which is why the younger generation's desire for them is rising quickly. Thus, it is anticipated that this aspect will accelerate cold pressed juices market revenue ly.
The cold pressed juices market segmentation, based on category, includes conventional and organic. The conventional segment held the majority share in 2022 in the cold pressed juices market data. Due to the segment's products being far less expensive than those in the organic market, it is very well-liked by consumers. Furthermore, compared to the limited supply of organic products, conventionally produced fruits and vegetables are readily available and have long been utilized for making juices.
Figure 2: Cold Pressed Juices Market, by Category, 2022 & 2030 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The cold pressed juices market segmentation, based on type, includes fruits, vegetables and blends. The blends segment dominated the market growth for cold pressed juices in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Combined organic item In general, natural juice is best because it requires combining a variety of fruits, vegetables, and other natural elements throughout the preparation.Pressed retail is a juice bar and cafe chain that offers healthy plant-based drinks and snacks.
The cold pressed juices market data, based on distribution channel, includes store-based and non-store based. The store-based segment dominated the cold pressed juices market revenue in 2022 and is projected to be the faster-growing segment during the forecast period, 2022-2030. Due to the extensive selection of goods offered in stores, most customers shop in supermarkets and hypermarkets. Visually appealing merchandise helps draw in new customers and encourages them to buy the goods. Additionally, retailers set aside particular spaces for such juice items to encourage consumers to consume healthier foods.
By region, the study provides the market insights for cold pressed juices into North America, Europe, Asia-Pacific and Rest of the World. North America cold pressed juices market accounted for USD 0.4 billion in 2022 with a share of around 45.80% and is expected to exhibit a significant CAGR growth during the study period. Due to its 100% fresh juice content compared to other traditional juice, the product is becoming more and more well-liked by consumers. Since pure juice is highly nutritious, dietitians also advise including it in the diet. Consequently, juice producers provide various juice products in various flavors for the market for cold pressed juices.
Further, the major countries studied in the market report for cold pressed juices are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.Figure 3: COLD PRESSED JUICES MARKET SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe cold pressed juices market accounts for the second-largest market share. Growing customer preference for healthy beverages as an alternative to carbonated soft drinks is the main driver of market expansion in the regions. The acceptance of novel eating habits like veganism further aid the expansion of this business in the region. Moreover, UK cold pressed juices market held the largest market share, and the Germany cold pressed juices market was the fastest growing market in the region.
Asia Pacific cold pressed juices Market is expected to grow at the fastest CAGR from 2022 to 2030. Since disposable income has increased due to China's and India's economic growth, customers can now spend more on high-end and nutritious food items. The growing consumption of western eating customs also contributes to the appeal of such goods. Further, the China cold pressed juices market held the largest market share, and the India cold pressed juices market was the fastest growing market in the region.
Cold pressed juices Key Market Players & Competitive Insights
Major market players are spending a lot of money on R&D to increase their product lines, which will help the cold pressed juices market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the cold pressed juices industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the cold pressed juices industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, cold pressed juices industry has provided medicine with some of the most significant benefits. The cold pressed juices market major player such as Suja Life LLC, CEDAR Juices, Bolthouse Farms Canada Inc., Greenhouse Juice Co, PepsiCo Inc., Liquiteria Inc., Hain Celestial Group and Evolution Fresh.
Natural foods and cosmetics made with botanical ingredients are the company's main areas of focus. The Hain Celestial Group, Inc. is an American food corporation. It offers a wide variety of goods, including herbal teas under the Celestial Seasonings brand, snacks under the Terra brand, soaps, lotions, hair treatments, and body washes under the Jason, Alba, Live Clean, and Avalon Organic brands. In December 2021, the ParmCrisps and Thinsters snack brands were purchased by The Hain Celestial Group Inc. The corporation claims that the purpose of this acquisition is to provide customers with fruit and vegetable juice with every purchase. As a result, the business is working to establish its brand and maintain its position of leadership.
The corporate headquarters of the American food, snack, and beverage giant PepsiCo, Inc. are in the hamlet of Purchase in Harrison, New York. The business of PepsiCo includes every facet of the food and beverage industry. It is in charge of its products' production, marketing, and distribution. In March 2019, PepsiCo Inc had launched a new hydrating juice water.
In 2023, Clean Juice®, the first and only USDA-certified organic juice and food bar franchise, will introduce New Organic Cashew Milks and Blue Cold-Pressed Juice. With the launch of its revitalised 3 Cashew Milks products and its new Blue cold-pressed juice with blue spirulina, the top fast-casual restaurant announced the conclusion of a multi-phase transition to centralised processing and distribution of its Cashew Milks and bottled Cold-Pressed Juices.
Cold-pressed juice and plant-based treat company Beauty Shot Pressed is expanding its shot selection and introducing Beauty Shot, which is offered online and at Pressed locations.
A new line of cold-pressed fruit juices from Cocoloco was unveiled in Singapore in 2019. The new cold-pressed line of coconut water comes in exotic tastes including mango, kiwi and watermelon. Because of how light reacts with polyphenols, coconut water has a pink tint. Each drink is touted to contain zero preservatives, colorings, or added sugar and is cold-pressed to maximise the nutritious value of its contents.
Wonder LemonTM, a first-of-its-kind, 100% organic cold-pressed juice with no added sugar, will be available starting in 2022, according to Kayco Beyond. At the Natural Products Expo West in 2022 in Anaheim, California, at the Anaheim Convention Centre, Wonder Lemon will make its debut.
In order to provide consumers with the first animal-free soluble protein that is nature-equivalent for the first time, The EVERY Company, a food technology company accelerating the world's transition to plant-based protein, has partnered with leading national cold-pressed juice and plant-based snack brand Pressed. This new Pressed Pineapple Greens Protein smoothie will contain this protein.
Cold pressed juices Industry Developments
February 2022: The American company Puregreen has made plans to roll out new cold pressed juices products all over the nation. The key items are Pink Grape Cold Pressed Juices and The Foodgod Tonic, which enhance gut health and boost immunity.
June 2021: The cold pressed juices Cold Pressed Sugarcane Juice and Cold Brew Coffee with Sugarcane were introduced by the Vietnamese business Doi Kham. The prices for the goods are 2.71 and 3.87 USD, respectively.
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