ID: MRFR/F-B & N/2556-HCR | 110 Pages | Published By Sakshi Gupta on March 2023
Organic Juices Market Size is anticipated to reach USD 60.2 Billion by 2030, registering a CAGR of 4.80% during 2022-2030
$60.2 Billion
4.80%
North America
2022-2030
The organic juice market is expected to gain a market value of USD 60.2 billion by 2030 at a CAGR of 4.80 % from 2022-2030.
Organic juice is made from organic fruit or vegetables that have not been processed with chemical fertilizers, pesticides, herbicides, or growth hormones. Organic juice is made at the farm level, ensuring zero % sugars or preservatives are used. Organic juice is a healthy beverage for children, adults, and seniors. Typically derived from acai berries, organic juice is a delicious source of vitamins, minerals, antioxidants, and dietary fiber.
The major factors influencing the global organic juice market is the demand for organic products and consumer shifting toward healthy lifestyles, increasing disposable income in developing countries, and consumers becoming more aware of organic juice's nutritional benefits. Furthermore, organic products, such as organic drinks, organic dairy products, organic cereals, organic juices, and organic meat, are projected to increase in the near future. The wide availability of fruit juices is a major component that has made the global market growth in recent years. However, these benefits come with a price. High-quality, organic fruit juices are often expensive and harder to find than other alternatives, such as bottled juice. Additionally, skilled labor is needed to harvest the fruit, leading to difficulties in getting the required quantity for production. This hinders the growth of the market. According to a recent study, North America is the world's largest fruit juice market, accounting for one-fourth of global consumption. It is followed by Western Europe, Asia-Pacific, Eastern Europe, Latin America, Africa, and the Middle East.
COVID-19 Analysis
The COVID-19 pandemic has impacted the global organic juice market moderately. The trade and lockdown restrictions have harmed the market. On the other hand, there was increased awareness about health and the importance of maintaining immunity and a healthy lifestyle. As organic juices are a rich source of vitamins A, B, and C, minerals such as iron and calcium thus, it led to a positive impact and boosted the market growth during the pandemic.
Organic Juices Market Dynamics
Organic Juices Market Segment Overview
Organic Juices Market Regional Analysis
Regionally, the organic juice is bifurcated into seven different developing regions. These regions include North America, Latin America, Western Europe, Eastern Europe, and some Asia Pacific regions like Japan, Africa, and the Middle East. North America and Western Europe cover the majority of organic juice market share which increases the organic juice market value of the organic juice and beverage market. The demand for juice in this region is high as the maximum population present there adopts this juice rather than conventional juice. North America followed by Europe is the dominant market where premiumization is in the organic juice market trend. Asia-Pacific region follows after North America and western Europe owing to consumer awareness concerning lifestyle, rise in income value, the rise of population in urban areas, and many more.
Recent Developments
Organic Juices Market Competitive Landscape
Some of the key players operating in the market are Danone in France, Suja Life LLC of the United States of America, Parkers Organic Juices Pty Ltd in Australia, Hein Celestial Group of United States, The Organic Valley of United States, Coca-Cola of United States, Purity Organic Company of United States, James White Drinks of United Kingdom, Evolution Fresh of United States, Lakewood Juice Company of United States, R.W Knudsen Family of United States, Uncle Matt’s Organic Company of United States, Santa Cruz Organic Company of United States, 1915 Organic Company of Cannada, 24 Mantra Organic Company of United States and many more. The competitors in the market focus to enter and carry out various strategies to expand their revenue. The market players of the organic juice market embarking on merging and obtaining acquisitions and thus led to the launching of the new product to attain consolidation and optimizing their offerings. These market players on developing partnerships act as game-changers in the organic juice market.
Organic Juices Market Report Overview
The report provides a thorough analysis of the competitive landscape and thus considering the market shares of the dominant companies operating in the market. It gives a good overview of the market scenario, market demands, market trends, drivers, major challenges affecting the market sectors. The report summarizes the opportunities responsible for the growth of the business during the organic juices market forecast period. The market identifies the possible threats that will hamper the market growth.
Report Attribute/Metric | Details |
---|---|
Market Size | USD 60.2 Billion |
CAGR | 4.80% |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, Packaging Type, Distribution Channel, and Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | 24 MANTRA ORGANIC, Danone, James White Drinks, Evolution Fresh, Purity Organic, R.W. Knudsen Family, Organic Valley, Coca-Cola, Santa Cruz Organic, Parkers Organic Juices PTY LTD, 1915 Organic, Lakewood Juice Company, Hain Celestial Group, Suja Life LLC, and Uncle Matt's |
Key Market Opportunities | Rise of consumer awareness about the composition of the beverage |
Key Market Drivers | The positive spirit given by the juice-like freshness, Rise in demand for the juice among middle-class people, Cancer prevention agents |
By 2030, the organic juices market would be worth USD 60.2 billion.
Organic juices market can showcase a CAGR of 4.80% from 2022 to 2030.
24 MANTRA ORGANIC, Danone, James White Drinks, Evolution Fresh, Purity Organic, R.W. Knudsen Family, Organic Valley, Coca-Cola, Santa Cruz Organic, Parkers Organic Juices PTY LTD, 1915 Organic, Lakewood Juice Company, Hain Celestial Group, Suja Life LLC, and Uncle Matt's are some of the top players operating in the global organic juices market.
Availability of substitutes can impede the growth of the global organic juices market.
Organic juices market is driven by the consumption of organic foods and healthy beverages.