Grape Juice Market size to grow by USD 455.03 million from 2023 to 2028, Growth driven by the growing number of organized retail outlets - Technavio

NEW YORK, Jan. 10, 2024 /PRNewswire/ -- The grape juice market is to grow by USD 455.03 million from 2023 to 2028 progressing at a CAGR of 1.78% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment.

The market is driven by a growing number of organized retail outlets. This growth intertwines with the Beverage Industry's expansion, driven by Viticulture developments and the operations of Wineries. Juice Processing, especially of Fruit Juices, plays a significant role. Consumer inclinations towards Health and Wellness, favoring Antioxidants and Nutritional Drinks, further amplify demand, particularly for Organic Products within this sector.

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Grape Juice Market 2024-2028 - Market Dynamics

Major Trend

Increasing use of grape juice in mocktails and cocktails is a major trend in the market. This innovation in flavors caters to the rising demand for Non-Alcoholic Beverages, aligning with evolving consumer preferences. Furthermore, packaging innovations play a significant role in capturing global markets and adapting to regional variations in grape varieties and production techniques. Emerging markets are embracing these changes, aided by growing consumer awareness.

Significant Challenge

Competition among established companies and from unorganized sectors is a significant challenge restricting market growth. Balancing Sustainable Practices and ensuring stringent Quality Control measures becomes significant. Effective Marketing Strategies and Branding are vital, along with optimizing Distribution Channels and Supply Chain Management. Crafting prudent Pricing Strategies, maintaining Regulatory Compliance, and continuous Market Analysis amid a competitive landscape is integral to overcoming this challenge.

Grape Juice Market 2024-2028: Market Segmentation

The grape juice market analysis includes distribution channels (offline and online), type (purple and white), and geography (North America, APAC, Europe, South America, Middle East, and Africa). 

• The market share growth by the offline segment will be significant during the forecast period. Brick-and-mortar stores, such as hypermarkets, supermarkets, groceries, or convenience stores, are part of this segment. The expansion of hypermarkets and supermarkets worldwide is projected to be an important factor in the growth of this segment. This proximity factor is likely to lead some consumers to shop at convenience stores instead of hypermarkets and supermarkets.

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The grape juice market covers the following areas:

• Grape Juice Market Sizing
• Grape Juice Market Forecast
• Grape Juice Market Analysis

Companies Mentioned

• Cantine Brusa 1888 Spa
• Dabur India Ltd.
• De La Rosa Real Foods and Vineyards
• Eckes Granini Group GmbH
• G Patritti and Co. Ltd.
• Harvest Hill Beverage Co.
• Kayco Co.
• Kineta SA
• Langer Juice Co. Inc.
• Lassonde Industries Inc.
• Milne
• Nam Viet Food Processing JSC
• Nestle SA
• Ocean Spray Cranberries Inc.
• Odyssey International Import Export Pty Ltd.
• Paradise Juice Pvt. Ltd.
• PepsiCo Inc.
• Vina Montpellier S.A.
• Voelkel GmbH
• Welch Foods Inc.

Company Offering

• Cantine Brusa 1888 Spa - The company offers grape juice such as red grape juice, white grape juice, NFC grape juice, cooked must, and more.
• Dabur India Ltd. - The company offers grape juice under its brand Real Activ.
• De La Rosa Real Foods and Vineyards - The company offers grape juice such as Wow organic red grape juice and white grape juice.

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Related Reports

The juice concentrate market size is forecast to increase by USD 19.89 billion between 2022 and 2027, accelerating at a CAGR of 5.03%.

The Global Sparkling Juices Market size is estimated to grow at a CAGR of 10.43% between 2022 and 2027. The size of the market is forecast to increase by USD 920.29 million. 

ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Distribution Channel 

Market Segmentation by Type

Market Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About US
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