Juicer Market Outlook
According to the report by Expert Market Research (EMR), the global juicer market size is projected to grow at a CAGR of 9.2% between 2024 and 2032. Aided by the growing global emphasis on healthier lifestyles and the rising demand for fresh fruit and vegetable juices, the market is expected to grow significantly by 2032.
A juicer, known for extracting juices from fruits and vegetables, serves as an essential kitchen appliance for households and commercial establishments alike. Its significance lies in its ability to transform whole, fibrous ingredients into nutrient-dense, easily consumable beverages. Beyond the home kitchen, juicers are an integral part of juice bars, health clubs, restaurants, and other foodservice establishments.
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One of the key juicer market trends is the escalating global awareness concerning the health benefits of consuming fresh juices. Freshly squeezed juices are a rich source of essential vitamins, minerals, and antioxidants, offering a range of health advantages, including improved digestion, better hydration, and enhanced immune system functions. As health-conscious consumers become more inclined towards nutrient-rich diets, the demand for efficient juicing machines has seen a considerable upsurge.
Additionally, the rapid urbanisation and modernisation of lifestyles have played a pivotal role in increasing the juicer market size. The time-constrained urban populace is constantly seeking quicker methods to incorporate healthy eating habits into their hectic schedules. This trend is directly benefiting the juicer market, as these appliances offer a fast and efficient way to consume a day’s worth of nutrients in a single glass.
Innovation and technological advancements are further bolstering the juicer market. The current market showcases a variety of juicers, ranging from centrifugal, masticating, triturating to cold-press. These machines cater to different consumer needs in terms of juice quality, extraction method, and price range. The introduction of smart juicers equipped with IoT features, offering users enhanced convenience through mobile integrations, stands as a testament to the bolstered the juicer market growth.
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Moreover, the environmental concerns associated with the use of packaged juices, largely due to the plastic waste they generate, have influenced a shift towards home juicing. As consumers grow increasingly environmentally conscious, the demand for fresh, home-made juices that reduce packaging waste is rising, indirectly promoting the sales of juicers.
The commercial sector’s interest in the juicer market is also noteworthy. With the burgeoning growth of the global hospitality industry, hotels, cafes, and restaurants are investing heavily in high-quality juicing machines. This ensures that their clientele gets the freshest beverages, aligning with the global trend of health and wellness.
Furthermore, as global cuisine trends evolve, there’s a growing interest in exotic fruits and vegetable-based beverages. This curiosity in global taste profiles has prompted households and commercial establishments alike to experiment with unique juice blends, further boosting the juicer market demand.
Juicer Market Segmentation
The market can be divided based on product, end use, and region.
Market Breakup by Product
- Centrifugal Juicer
- Masticating Juicer
- Triturating Juicer
Market Breakup by End Use
- Residential
- Commercial
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global juicer market. Some of the major players explored in the report by Expert Market Research are as follows:
- Breville Group Ltd.
- Cuisinart
- Hamilton Beach Brands, Inc.
- Koninklijke Philips NV
- Kuvings SNS
- Others
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