Tropicana Products

Feb 24, 2023

News provided by Share this article Share this article NEW YORK, Feb. 24, 2023 /PRNewswire/ -- According to Technavio, the global juicer market size is estimated to decline by USD 2346.13 million from 2022 to 2027. The market is estimated to decline at a CAGR of 18.41% during the forecast period. APAC will account for 41% of the market's growth during the forecast period. For more insights on the historic (2017 to 2021) and forecast market size (2022 to 2027)  Request a sample report Leading trends influencing the market The rising focus on manufacturing energy-efficient and lightweight juicers is a key trend in the global juicer market. This is due to the increasing demand for products that are energy-efficient and involve fewer emissions of harmful substances and less noise pollution. The growing adoption of smart juicers, which are user-friendly, aesthetically appealing, and available with various features, is also a trend influencing the demand for the market. The increasing online retail sales, which increased product visibility, coupled with the availability of a wide product portfolio, has contributed to the growth of online retail channels. Segment Overview Technavio has segmented the market based on type, Product (Centrifugal juicer, Masticating juicer, and Triturating juicer), End-user (Residential and Commercial), and Geography (APAC, Europe, North America, Middle East and Africa, and South America). The centrifugal juicer segment will be significant for the market's growth during the forecast period. Centrifugal juicers are preferred in small-scale juice making as they are easy to manage and clean. Masticating juicers, also known as cold-press juicers, are widely adopted in commercial applications because of their ability to retain the nutrients in the juice. Geography Overview By geography, the global juicer market is segmented into APAC, Europe, North America, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global juicer market. APAC is estimated to contribute 41% to the growth of the global market during the forecast period. Western Europe is a major market in focus for vendors because of the increasing demand for nutrient-dense fresh juices, especially organic juices, in the region during the forecast period. The juicer market in North America is dominated by the US owing to the rising demand for healthy beverages such as fruit and vegetable juices. The awareness among consumers about the health benefits of consuming fruit and vegetable juices containing functional ingredients is driving the juicer market in the Middle East. The juicer market in Africa is expected to grow moderately due to the low spending capacity of people in the region. The market in South America is expected to register a significant increase in growth rate during the forecast period. Get a glance of the market contribution of various segments including country and region wise -  Download a Sample Report Juicer Market – Market Dynamics Key factor driving market growth The rising urbanization and changing consumer lifestyles in developing countries in APAC have resulted in a significant increase in the growth of the market. The rise in the number of juice bars due to the increase in health consciousness among the younger generation worldwide is a major driver of the market. The rise in discretionary income of consumers is leading to an increase in the annual household expenses in several regions of the world which consequently drives value sales in the global juicer market during the forecast period. Major challenges hindering market growth The fluctuations in raw material prices and operational costs directly impact the price of the juicer and the profit margins of manufacturers. For instance, fuel prices in the Organization of the Petroleum Exporting Countries (OPEC) countries are fluctuating. An increase in crude oil prices will also lead to a rise in the cost of fuel for transportation. The global juicer market also witnesses several counterfeit products. The Stringent regulations and standards related to energy use, product description, packaging or labeling, hazards or safety issues for users, and the product lifecycle is also one of the major challenges to the market. Consumers are increasingly preferring premium ready-to-drink juice products and are displaying a tendency to switch to convenient and time-saving methods to attain good health. This is leading to the international providers of packaged juices like Del Monte Food Inc. (Del Monte), and Tropicana Products Inc. (Tropicana) launching new products because of increasing growth opportunities in this segment. For instance, Anand Milk Union Ltd. (Amul), an Indian dairy company, entered the packaged juice market, in March 2019, by launching Tru. Such products are easy to make and cost-effective, which reduces the popularity of juicers among consumers. CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the Juicer Market between 2023 and 2027 Precise estimation of the size of the Juicer Market size and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the Juicer Market industry across APAC, Europe, North America, Middle East and Africa, and South America A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of Juicer Market vendors Gain instant access to 17,000+ market research reports. Related Reports: The juices market is estimated to grow at a CAGR of 8.55% between 2022 and 2027. The size of the market is forecast to increase by USD 104.21 billion. The advantages of cold-pressed juice over traditional juice are making these products more popular among users. The cold-pressed juices market in the US size is expected to increase by USD 11.67 billion from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 7.22%. The growth of organized retailing in the US is one of the key factors driving the growth of the cold-pressed juices market in the US. Juicer Market Scope Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size Exhibit 18: Historic Market Size – Data Table on Global juicer market 2017 - 2021 ($ million) 4.2 Product Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million) 4.3 End-user Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Product 6.3 Centrifugal juicer - Market size and forecast 2022-2027 Exhibit 34: Chart on Centrifugal juicer - Market size and forecast 2022-2027 ($ million) Exhibit 35: Data Table on Centrifugal juicer - Market size and forecast 2022-2027 ($ million) Exhibit 36: Chart on Centrifugal juicer - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Centrifugal juicer - Year-over-year growth 2022-2027 (%) 6.4 Masticating juicer - Market size and forecast 2022-2027 Exhibit 38: Chart on Masticating juicer - Market size and forecast 2022-2027 ($ million) Exhibit 39: Data Table on Masticating juicer - Market size and forecast 2022-2027 ($ million) Exhibit 40: Chart on Masticating juicer - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Masticating juicer - Year-over-year growth 2022-2027 (%) 6.5 Triturating juicer - Market size and forecast 2022-2027 Exhibit 42: Chart on Triturating juicer - Market size and forecast 2022-2027 ($ million) Exhibit 43: Data Table on Triturating juicer - Market size and forecast 2022-2027 ($ million) Exhibit 44: Chart on Triturating juicer - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Triturating juicer - Year-over-year growth 2022-2027 (%) 6.6 Market opportunity by Product Exhibit 46: Market opportunity by Product ($ million) 7 Market Segmentation by End-user 7.1 Market segments Exhibit 50: Data Table on Comparison by End-user 7.3 Residential - Market size and forecast 2022-2027 Exhibit 51: Chart on Residential - Market size and forecast 2022-2027 ($ million) Exhibit 52: Data Table on Residential - Market size and forecast 2022-2027 ($ million) Exhibit 53: Chart on Residential - Year-over-year growth 2022-2027 (%) Exhibit 54: Data Table on Residential - Year-over-year growth 2022-2027 (%) 7.4 Commercial - Market size and forecast 2022-2027 Exhibit 55: Chart on Commercial - Market size and forecast 2022-2027 ($ million) Exhibit 56: Data Table on Commercial - Market size and forecast 2022-2027 ($ million) Exhibit 57: Chart on Commercial - Year-over-year growth 2022-2027 (%) Exhibit 58: Data Table on Commercial - Year-over-year growth 2022-2027 (%) 7.5 Market opportunity by End-user Exhibit 59: Market opportunity by End-user ($ million) 8 Customer Landscape Exhibit 64: Data Table on Geographic comparison 9.3 APAC - Market size and forecast 2022-2027 Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million) Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million) Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 North America - Market size and forecast 2022-2027 Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million) Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million) Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.6 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million) Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.7 South America - Market size and forecast 2022-2027 Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million) Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million) Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027 Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million) Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million) Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 China - Market size and forecast 2022-2027 Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million) Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million) Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%) 9.10 India - Market size and forecast 2022-2027 Exhibit 93: Chart on India - Market size and forecast 2022-2027 ($ million) Exhibit 94: Data Table on India - Market size and forecast 2022-2027 ($ million) Exhibit 95: Chart on India - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on India - Year-over-year growth 2022-2027 (%) 9.11 UK - Market size and forecast 2022-2027 Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million) Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million) Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.12 Germany - Market size and forecast 2022-2027 Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million) Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography Exhibit 105: Market opportunity by geography ($ million) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. 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