The ‘South Korea Cold Pressed Juice Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the South Korea cold pressed juice market, assessing the market on the basis of its segments like category, product type, and distribution channels.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
South Korea Cold Pressed Juice Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 3.1%
The heightened demand for cold pressed juice in South Korea has been driven by the increased adoption of healthy drinking habits among consumers in the country. Increasing prevalence of chronic conditions such as arthritis, diabetes, and cardiovascular disorders, among others, have infused a greater heath consciousness which is escalating the growth of the South Korea cold pressed juice market. In addition, the exponential growth being witnessed by cafes in cities like Busan and Seoul is further adding to the revenue of the cold pressed juice market in South Korea.
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Availability of a wide range of flavours of cold pressed juices with the natural benefits of fresh fruits is impacting the market positively. Cold pressed juice extracted from sources such as pomegranate, pear, beet, and apple, are bringing a balance to the lifestyle of working population facing hectic routines and physically demanding travel schedules.
Over the forecast period, the South Korea cold pressed juice market is anticipated to be propelled by the increasing footfall in supermarkets and convenience stores, infused by factors such as the rising per capita income, growing standards of living, rapid urbanisation, and shift in the taste of consumers. Over the forecast period, the exponential trajectory of the beverage sector projected in the country is expected to provide impetus to the market.
South Korea Cold Pressed Juice Industry Definition and Major Segments
Cold pressed juice is defined as a type of beverage derived from fruits or vegetables that is obtained by cold press processing. In this process, extremely high pressure is put on fresh fruits and vegetables using a hydraulic press to extract maximum liquid content. The liquid obtained using the process contains high level of nutrients but typically comes with a low shelf life.
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Based on category, the market is bifurcated into:
• Organic
• Conventional
By product type, the market is segmented into:
• Fruits
• Vegetables
• Blends
Based on distribution channels, the market is divided into:
• Hypermarkets and Supermarkets
• Convenience Stores
• Online Stores
• Others
South Korea Cold Pressed Juice Market Trends
The key trends in the South Korea cold pressed juice market include the growing research and development activities by the major beverage manufacturers in the country aimed towards improving the performance of cold pressed juices, enhancing the shelf life, and reducing costs. Rising investments towards branding and promotion of cold pressed juices on social media platforms such as Instagram and Twitter, are boosting the product awareness. Favourable policies of the government encouraging the consumption of natural beverages without synthetic flavours are likely to fuel the sale of cold pressed juices in the forecast period.
Expansion of online channels with investments being raised by e-commerce giants are crucial trends in the South Korea cold pressed juice market. Innovations in packaging with improved labelling and celebrity endorsements are bolstering the efficiency of product marketing. In addition, eco-friendly and recyclable materials are being used such as aluminium and paper cartons which are acting as a boon for the market. Increasing demand for cold pressed juices among athletes and actors, to help them cope with their demanding physical activities and stamina requirements is further increasing the demand for cold pressed juices.
Key Market Players
The major players in the South Korea cold pressed juice market report are
• Integrity Group Co., Ltd (Mercy Juice)
• Next Kitchen Co., Ltd. (Colin’s Green)
• Organica Co.Ltd
• Suja Life, LLC
• Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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