Market Insights
The global juice extractor market which witnessed an above average CAGR of 8.33% from 2023 to 2030, is expected to experience a continuing upward growth during the forecast period of 2023 to 2030. The global trend toward juice cleanses, and demand for fresh bottled juices is expected to propel demand for these products over the assessment period.
Juices have traditionally been consumed with breakfast in many western countries. Globally, there has been rapid urbanization in various regions which has led to the change in lifestyle and dietary habits due to which the demand for convenient food and beverage products has grown considerably. Moreover, due to the changing lifestyles, obesity is at an all-time high, prompting consumers to make healthier choices. Cold-pressed juices which keep most of their nutritional content intact have seen a rise in popularity which is expected to boost the growth of juice extractors market further. Consumers can purchase juice extractors for home use for more control over their diet choices; making it a popular choice for consumers who regularly make healthy drinks. Moreover, many juice extractors come with different fittings making the product a multifunctional kitchen tool.
Designs of juice extractors have improved over the years, and advancing technologies have introduced innovative features to various juice extractors. Some innovations of juice extractors which are propelling the demand for such machinery include cord storage, dishwasher safe, large chute, clear juice container and others. The ongoing development of innovative features is expected to offer opportunities for growth over the review period as juice manufacturers, and consumers both have put forth the demand for juice extractors which offer maximum yield with minimum wastage.
Market Segmentation
The global juice extractor market has been segmented on the basis of type, function, blade material and region. By type, the market has been segmented into masticating, centrifugal, cold-press, citrus juicer and others. By function, the market has been segmented into nondrip spout, automatic pulp ejection, reverse and others. By blade material, stainless steel, alloy, iron, and others. By region, the global market has been segmented by North America, Europe, the Asia Pacific (APAC) and Rest of the World (RoW).
Regional Analysis
North America and Europe are both prominent market which is expected to grow significantly over the course of the assessment period. The consumer shift toward healthier options has prompted many consumers in the region to adopt juicing as an alternative. Juice programs are often used by consumers in an effort to facilitate weight loss while receiving appropriate nutrients. Moreover, many prominent market leaders are situated in these regions, and consumers are quick to adopt the newest launches in juice extraction technology as the health trend intensifies.
Meanwhile, the Asia Pacific is an emerging market where rapid urbanization in developing economies such as China and India are expected to lead to a strong preference for convenient and healthy beverages such as juices. Many global market leaders have recognized the abundant opportunity for growth in this regional market and have opened manufacturing plants for juice extractors to leverage the available opportunities as well as the cheap operating costs in developing countries.
Key Players
Various key players have been identified and analyzed for their role in the competitive landscape of the global juice extractors market. Key juice extractor market players in MRFR's report include Jack LaLanne, Cuisinart, Hamilton Beach, Breville, Chef's Stat, Omega, Philips, Panasonic, Kenwood, and Hurom.
Latest Industry News
JBT Corporation has launched the next generation of its Multi Fruit Juicer. Improved design, easy user interface, a viewing window, and faster output are some of the new features of the Fresh'n Squeeze Multi Fruit Juicer. The juicer can handle upto 33 peices of fruit per minute and produce a significant 55 gallons of fresh juice every hour which is a contrast to 33 gallons per hour produced by the previous model.
Hurom has introduced a sleek new citrus Juicer which is available in stainless steel and two color variants. The design allows easy operation of CJ Citrus Juicer and promises to extract the maximum juice.
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