Juicer Market Research Report - Global Forecast till 2027

Global Juicer Market Research Report: Information by Type [Manual Juicers and Electric Juicers (Centrifugal Juicers, Masticating Juicers, Triturating Juicers)], End User (Residential and Commercial), Distribution Channel (Store-Based and Non-Store-Based) and Region (North America, Europe, Asia-Pacific and RoW) - Forecast till 2027

ID: MRFR/CR/6827-HCR | February 2021 | Region: Global | 90 pages

Juicer Market Overview


Global Juicer Market is expected to garner a revenue of USD 4 billion by 2024 with a CAGR of approximately 6.9% during the forecast period, 2019–2024 Fruit juices are one of the most common and easily available consumer beverages and the rising demand for the same is likely to give birth to new opportunities for the market to grow and expand upon during the forecast period that ends in 2027.


Juicer is a juice machine whose design supports the derivation of juices of different fruits and vegetables. Also, the juicer machines help in extracting the juice from various kinds of herbs. Some of the common types of juicers are - centrifugal, masticating, and triturating juicers.


COVID 19 Analysis of Juicer Market


Since the pandemic has approached the lives of the common life, their daily chores are at a standstill with the emergence of new norms and struggles. With the hospitals, healthcare services, and service providers working on their toes to reduce the adversities brought in by the deadly pandemic in the form of a major public healthcare emergency, the businesses like the FMCG shops, and the production and manufacturing units belonging to the enterprises are facing issues to maintain a proper equilibrium between the demand and supply of the juicer market during the forecast period that ends in 2027. The lockdown has resulted in the permanent closing of the cafes, hotels, pubs, and restaurants that have impacted the sales of the global juicer market.


But, as the government is slowly lifting the restrictions and opting for the unlock phases, the restaurants and cafes are opening. This is likely to impact the sale of juicers in a positive manner. Also, the government is cooperating and reducing the implementation of stringent measures that will help in the revival of the juicer market during the forecast period that ends in 2027. The prominent market players that are functional in major locations of the world are opting for mergers, joint ventures, and acquisitions that will help them emerge as dominant players in both the regional and the international market during the period of 2020-2027.


Juicer Market Dynamics


Drivers


The rising health consciousness amongst the population belonging to the global locations is expected to enhance the global growth for the period during the forecast period that ends in 2027. One of the reasons that will lead the market operations towards growth is that the market players are adding on to the availability of advanced and innovative juicers. Also, the target audience is increasing their demand for berries and green leafy vegetables that will help the market to grow during the period. The increasing popularity of smart juicers and the rise in the prevalence of multifunctional juicers will help the juicer market to grow as per the predictions of the industry leaders during the forecast period of 2020-2027.


Opportunities


The market is witnessing propelling opportunities owing to the rising dependence of people to opt for products that are healthy and ready to eat. The manufacturing of juicers helps in producing the juices and helping the consumers get their hands on the same with the help of manufacturers that provide them with packed materials. The market leaders have been witnessing a major focus on manufacturing new products for a huge variety of applications that are responsible for increasing the demand from the end of the target audience.


Technology Analysis


The rising demand for fruit and vegetable juices is full of fiber, and the rising number of awareness campaigns leading the manufacturers to make the best use of the available technology and present the best food alternates for the target audience. Consumers are increasing their preference for fresh fruit and vegetable juice instead of the packaged ones that have a higher degree of preservatives promise great growth for the juicer market during the forecast period that ends in 2027. The demand for juices in cafes and cafes is soaring high with better capabilities and the availability of raw materials is helping the market.


Study Objectives



  • To project the CAGR rate at which the market size is expected to grow during the ongoing forecast period of 2020-2027 and also, have an idea about the predicted final market value by the end of the period. The report further, takes these predictions as the base to help the potential investors and audience understand the revenue potential of the market segments that are functional across various global regions.

  • To analyze the rising degree of competition amongst the prominent market players and predict the companies and the global regions that will be witnessing the maximum propelling of the market operations during the ongoing forecast period from 2020 through 2027.

  • To consider the recent developments undertaken by the market players during the period and also have a fair discussion of the juicer market dynamics that is the drivers, opportunities, challenges, and restraints that are crucial for knowing the accuracy of the growth predictions for the juicer market during the period.


Juicer Market Segment Overview

The juicer market outlook presents that the market with growth opportunities during the period based on the revenue potential of the market segments in various global locations. The market has been segmented based on the following factors:


Based on the products


The juicer market products are masticating juicers, triturating juicers, and centrifugal juicers.


Based on the market end-users


The commercial and residential are the end-users of the juicer market.


Based on the market applications


The application segment of the global juicer market operations includes public services, the household sector, shops, and others like food services, cafes, and restaurants.


Based on the type


The type segment of the juicer market includes slow juicers and traditional juicers.


Juicer Market Regional Analysis


Based on the geographical division of the market segments and the prominent players, Europe is expected to dominate the global market operations during the forecast period that ends in 2027. One of the major reasons that are stimulating the growth during this region is the rising consciousness amongst the population spread in various parts and countries of Europe. The presence of global brands is flocking a major demand backed with the availability of better resources is expected to drive the market towards global domination by the end of the period.


Competitive Landscape


To understand the rising competition and recent developments that will help the juicer market to grow, it is important to have an idea about the players. The key market players are as follows:



  • Panasonic Corporation

  • Nilkathvarni Engineering Co.

  • Electrolux, Midea Retail (PTY) Ltd.

  • M. INDUSTRIES

  • SKG ELECTRIC., KUVINGS

  • Hetal Plastic

  • Neo Multi Services

  • HANS APPLIANCES 


Recent Developments



  • One of the major market players in the global market - Philips has invested in the research and development sector to come up with the VIVA series that are majorly targeting the household segment of the market. The juicers developed are available in the market at a low price and opt for a quick cleaning technology that will help in offering a better, easy, and high degree of convenience alongside promising smooth using of the juicers by the audience. The VIVA range is equipped to help in providing 2 liters of juice in a single time with a 700w motor.

  • When it comes to professional working, the consumers are relying on the functioning of the HUROM HZ series. This product series is available in the market that offers the finest way of separating the inlet for fruits and leafy vegetables. The product in addition has a different strainer for frozen fruits, smoothies, and soft ingredients as well. This product is excellent to cover all the requirements of juice bars and shops, and hence, help in increasing the footfall of the target audience.

  • Omega is another prominent market player that is soaring high on innovations and market developments during the forecast period of 2020-2027. Omega NC900HDC is one of the finest centrifugal machines that are available in the market. It can run on an 80 rpm motor that helps in extracting juice slowly. The juice is thicker and is more vibrant in color. This juice is fine even when stores for 72 hours and can be consumed after storing, as well.


Report Overview


The global juicer market report highlights the impact of the pandemic on the market operations and discusses the market dynamics in the form of drivers, opportunities, and restraints that will impact the market during the period ending in 2027. The juicer market report discusses the role of the performance of the market segments and considers the role of both the regions and the prominent players in enhancing the scale of operations. The market also highlights the recent developments undertaken during the period. 



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Frequently Asked Questions (FAQ) :


Juicer market valuation can touch USD 4 billion by 2027.

Juicer market can expand at 6.9% CAGR from 2020 to 2027.

Juicer market growth is driven by increasing awareness of the benefits of fruits and vegetables, rise in disposable income levels, and shifted preference to extracted juices.

Frequent power outages in rural areas and high prices of electrical juicers can hamper the global juicer market growth.

Emergence of juice bars and availability of smart juicers can bolster the global juicer market growth.

Xinbao Group, Cuisinart, Hurom India Private Limited, Hamilton Beach Brands Holding Company, Breville Group Limited, Panasonic India, KUVINGS, Foshan Shunde Ouke Electric Co., Ltd., Koninklijke Philips N.V., Braun GmbH, and Kenwood Limited are notable players of the global juicer market.