Market Size of Juicers Industry
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 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 Size Summary
The global juicers market is experiencing significant growth, driven by increasing consumer preference for fresh, fiber-rich fruit and vegetable juices over packaged alternatives. This shift is largely due to heightened health awareness and the desire for healthier lifestyles, particularly among urban middle-class populations. The market has expanded its applications beyond traditional juicing to include the preparation of baby food, pizza, coffee, and dough, thereby broadening its consumer base. The COVID-19 pandemic has further accelerated interest in juicing, as more individuals seek to boost their immunity and overall health. Technological advancements and the introduction of innovative products have also contributed to market expansion, offering consumers enhanced capabilities and convenience in juice preparation.
The market is characterized by a diverse range of global and regional players, each striving to capture market share through product innovation and strategic marketing. Companies like Philips, Hurom, and Omega are leading the charge with products designed to meet various consumer needs, from mid-range domestic models to professional-grade machines. The competitive landscape is marked by ongoing research and development efforts aimed at improving product efficiency and reducing costs. Despite challenges such as fluctuating raw material prices, the market is poised for continued growth, supported by rising disposable incomes and a growing willingness to invest in health and fitness.
Juicers Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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1.5 Industry Attractiveness: Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights into Technological Advancements in the Industry
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1.7 Insights on Various Regulatory Trends Shaping the Market
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1.8 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Centrifugal Juicer
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2.1.2 Masticating Juicer
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2.1.3 Triturating Juicer
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2.1.4 Others
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2.2 By Category Type
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2.2.1 Manual Juicers
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2.2.2 Electric Juicers
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2.3 By End- User
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2.3.1 Commercial
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2.3.2 Residential
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2.4 Distribution Channel
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2.4.1 Supermarkets/Hypermarkets
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2.4.2 Specialty Stores
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2.4.3 Online
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2.4.4 Other Distribution Channels
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2.5 By Geography
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2.5.1 North America
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2.5.2 Europe
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2.5.3 Asia-Pacific
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2.5.4 South America
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2.5.5 Middle-East and Africa
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Juicers Market Size 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.