Future Market research insights:
The market for cold-pressed juices is anticipated to grow at a CAGR of 7.54 percent and reach USD 1,163.67 million by 2028. Juices that are cold-pressed and processed utilising HPP (High Pressure Processing) technology are also known as HPP juices since the fresh and natural qualities of the ingredients are not harmed. Cold-pressed juices are abundant in the vitamins, minerals, organic nature, and several other essential nutrients that the human body needs. When compared to pasteurised fruit and vegetable juices, these liquids are healthier. Since cold-pressed juices have a lengthy shelf life, they may be shipped to many different parts of the world. Technology development and innovation have contributed to the market for cold-pressed juices performing well. Huge expenditures in research and development have produced advancements in the cold pressed juices' product line, and new tastes, packaging, and specialised ingredients have drawn more customers to the juices.
Regional analysis:
The global market for cold-pressed juices has been segmented into four geographic markets: North America, Europe, Asia-Pacific, and the Rest of the World. In 2020, North America held the greatest market share (56.49%), and over the forecast period, the market is anticipated to grow at the highest CAGR (7.80%). In 2020, Europe was the second-largest market; a CAGR of 7.67% is anticipated for the industry there.
Manufacturers of cold-pressed juices find North America to be particularly appealing. In the year 2020, the North American area accounted for 56.49% of the market share. From 2021 to 2028, it is expected to grow at a strong CAGR of 7.80%. One of the important drivers of the market for cold-pressed juices in the North American area is the leading producers’ expansion of their product lines. One of the key elements that is anticipated to favourably affect the growth of the cold-pressed juice market in the North American area is innovation in cold-pressed juice tastes.
Market segmentation:
The Cold Pressed Juice Market Outlook has been divided into three categories based on product type: fruits, vegetables, and mixes. With a projected CAGR of 7.90% over the forecast period, the mixes category is expected to have the greatest market share of 41.62% in 2020.
The market for cold-pressed juices has been divided into conventional and organic segments based on category. In 2020, the traditional sector held a greater market share (72.67%). The organic category, however, is anticipated to experience a higher CAGR of 7.88% from 2021 to 2028.
The Cold Pressed Juice Market Insights has been divided into store-based and non-store-based segments depending on distribution channel. Supermarkets and hypermarkets, convenience shops, and other retailers make up the store-based component. In 2020, the store-based category held a greater market share of 86.42% and is anticipated to have a higher CAGR of 7.34% over the following five years.
Key Players:
PepsiCo Inc., Hain Celestial Group, Greenhouse Juice Co., CEDAR Juices, Suja Life LLC, Bolthouse Farms Canada Inc., Greenhouse Juice Co., PepsiCo Inc., Liquiteria Inc., Evolution Fresh.
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