Fortified Juices Market Research Report Information Information by Type (Fruit Juices, Vegetable Juices, and Blended/Mixed Juices), Fortifying Ingredient (Vitamins, Minerals, Probiotics, and Others), Distribution Channel [Store-Based (Supermarkets & Hypermarkets, Convenience Stores, and Others) and Non-Store-Based], and Region (North America, Europe, Asia-Pacific, and RoW)– Forecast till 2030
ID: MRFR/F-B & N/2522-HCR | 110 Pages | Author: Varsha More | June 2023
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Gloabl Fortified Juices Market Overview
The Fortified Juices Market is expected to garner a revenue of USD 2.92 billion by 2030 with a CAGR of approximately 7.10% during the forecast period, 2022–2030. Juices enriched with vitamins, minerals, probiotics, prebiotics, and other ingredients to enhance the nutritive value of the juice or render a functional property to the juice are known as fortified juices. The growth of fortified juices market can be attributed to the surging demand for functional beverages. Additionally, rising awareness regarding the health benefits of consuming fortified juices is also a major determinant boosting the demand for fortified juices, globally. However, the market is witnessing hurdles in its growth owing to the fluctuating prices and region-specific availability of raw materials. Market players are focusing on their R&D activities to launch juices with innovative flavors and different fortifying ingredients, to acquire larger customer base. Vendors are entering into partnerships and agreements to achieve an efficient distribution network.
Segmentation
The fortified juices market has been segmented based on type, fortifying ingredient, distribution channel, and region. By type, the global market has been classified into fruit juices, vegetable juices, and blended/mixed juices. The global market has been segregated, based on fortifying ingredient, into vitamins, minerals, probiotics, and others. Based on distribution channel, the global market is segregated into store-based and non-store-based. The store-based segment is further segmented into supermarkets & hypermarkets, convenience stores, and others. The global market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world. The market in North America has been segmented into the US, Canada, and Mexico. The Europe fortified juices market has been classified as the UK, Germany, France, Italy, Spain, and the rest of Europe. The market in Asia-Pacific has been segmented into China, India, Japan, Australia and New Zealand, and the rest of Asia-Pacific. The market in the rest of the world has been segmented into South America, the Middle East, and Africa.
Key Players
PepsiCo Inc. (US), Hain Celestial (US), Evolution Fresh (US), Sudzucker AG (Germany), SunOpta, Inc. (Canada), Diana Naturals (France), Doehler Group (Germany), The Coca-Cola Company (US), MARIGOLD (Singapore), and Welch Foods Inc. (US) are some of the key players in the global fortified juices industry.
Regional Market Summary
North America dominated the global market in 2018 and is expected to maintain its dominance throughout the forecast period due to the high demand for natural juices. Increasing awareness regarding the benefits of consuming fortified functional juices is also a significant factor responsible for the significant revenue share of North America and Europe. However, the fortified juices industry in Asia-Pacific is expected to register the highest CAGR during the forecast period owing to the increasing consumer preference for functional beverages, including fortified juices. China and Japan are amongst the significant country-level markets driving the regional market growth.
Global Fortified Juices Market, by Type
- Fruit Juices
- Vegetable Juices
- Blended/Mixed Juices
Global Fortified Juices Market, by Fortifying Ingredient
- Vitamins
- Minerals
- Probiotics
- Others
Global Fortified Juices Market, by Distribution Channel
- Store-Based
- Supermarkets & Hypermarkets
- Convenience Stores
- Others
- Non-Store-Based
By Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia & New Zealand
- Rest of Asia-Pacific
- Rest of the World (RoW)
- South America
- Middle East
- Africa
Intended Audience
- Fortified juices manufacturers
- Raw material suppliers
- Beverage industry
- Retailers and wholesaler
- E-commerce industry
- Traders, importers, and exporters
Key Questions Answered
- ✅ Global Market Outlook
- ✅ In-depth analysis of global and regional trends
- ✅ Analyze and identify the major players in the market, their market share, key developments, etc.
- ✅ To understand the capability of the major players based on products offered, financials, and strategies.
- ✅ Identify disrupting products, companies, and trends.
- ✅ To identify opportunities in the market.
- ✅ Analyze the key challenges in the market.
- ✅ Analyze the regional penetration of players, products, and services in the market.
- ✅ Comparison of major players’ financial performance.
- ✅ Evaluate strategies adopted by major players.
- ✅ Recommendations
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