Juicer Market : APAC will account for 41% of market growth, Driven by rapid urbanization and changing consumer lifestyles- Technavio

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Feb 24, 2023, 18:00 ET

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.

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Technavio has announced its latest market research report titled Global Juicer Market 2023-2027

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.
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Juicer Market - Segmentation Assessment

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.

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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.

Driver, Trend & Challenges are the factor of market dynamics that states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this Juicer Market report?

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

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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
Report Coverage	Details
Page number	168
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Decelerate at a CAGR of 18.41%
Market growth 2023-2027	USD 2346.13 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	26.56
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 41%
Key countries	US, China, India, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	AB Electrolux, Bajaj Electricals Ltd., Borosil Ltd., Breville USA Inc., Cuisinart, DeLonghi Spa, Donlim, Hamilton Beach Brands Holding Co., Havells India Ltd., Hurom America Inc., Joyoung Co. Ltd., Koninklijke Philips NV, Kuvings, Midea India Pvt. Ltd., Newell Brands Inc., Omega Juicers, Panasonic Holdings Corp., SEB SA Co., Treasure Retail Pvt. Ltd., and TTK Prestige Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse for Technavio's consumer discretionary market reports

Table of Contents

1 Executive Summary

1.1 Market overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

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

4.1 Global juicer market 2017 - 2021

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

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

6.1 Market segments

Exhibit 30: Chart on Product - Market share 2022-2027 (%)
Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

6.2 Comparison by Product

Exhibit 32: Chart on Comparison by Product
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 47: Chart on End-user - Market share 2022-2027 (%)
Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)

7.2 Comparison by End-user

Exhibit 49: Chart on Comparison by End-user
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

8.1 Customer landscape overview

Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 61: Chart on Market share by geography 2022-2027 (%)
Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 63: Chart on Geographic comparison
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

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 106: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 108: Overview on factors of disruption

11.4 Industry risks

Exhibit 109: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 110: Vendors covered

12.2 Market positioning of vendors

Exhibit 111: Matrix on vendor position and classification

12.3 AB Electrolux

Exhibit 112: AB Electrolux - Overview
Exhibit 113: AB Electrolux - Business segments
Exhibit 114: AB Electrolux - Key offerings
Exhibit 115: AB Electrolux - Segment focus

12.4 Bajaj Electricals Ltd.

Exhibit 116: Bajaj Electricals Ltd. - Overview
Exhibit 117: Bajaj Electricals Ltd. - Business segments
Exhibit 118: Bajaj Electricals Ltd. - Key news
Exhibit 119: Bajaj Electricals Ltd. - Key offerings
Exhibit 120: Bajaj Electricals Ltd. - Segment focus

12.5 Breville USA Inc.

Exhibit 121: Breville USA Inc. - Overview
Exhibit 122: Breville USA Inc. - Product / Service
Exhibit 123: Breville USA Inc. - Key offerings

12.6 Cuisinart

Exhibit 124: Cuisinart - Overview
Exhibit 125: Cuisinart - Product / Service
Exhibit 126: Cuisinart - Key offerings

12.7 DeLonghi Spa

Exhibit 127: DeLonghi Spa - Overview
Exhibit 128: DeLonghi Spa - Business segments
Exhibit 129: DeLonghi Spa - Key news
Exhibit 130: DeLonghi Spa - Key offerings
Exhibit 131: DeLonghi Spa - Segment focus

12.8 Donlim

Exhibit 132: Donlim - Overview
Exhibit 133: Donlim - Product / Service
Exhibit 134: Donlim - Key offerings

12.9 Hamilton Beach Brands Holding Co.

Exhibit 135: Hamilton Beach Brands Holding Co. - Overview
Exhibit 136: Hamilton Beach Brands Holding Co. - Product / Service
Exhibit 137: Hamilton Beach Brands Holding Co. - Key news
Exhibit 138: Hamilton Beach Brands Holding Co. - Key offerings

12.10 Hurom America Inc.

Exhibit 139: Hurom America Inc. - Overview
Exhibit 140: Hurom America Inc. - Product / Service
Exhibit 141: Hurom America Inc. - Key offerings

12.11 Joyoung Co. Ltd.

Exhibit 142: Joyoung Co. Ltd. - Overview
Exhibit 143: Joyoung Co. Ltd. - Product / Service
Exhibit 144: Joyoung Co. Ltd. - Key offerings

12.12 Koninklijke Philips NV

Exhibit 145: Koninklijke Philips NV - Overview
Exhibit 146: Koninklijke Philips NV - Business segments
Exhibit 147: Koninklijke Philips NV - Key news
Exhibit 148: Koninklijke Philips NV - Key offerings
Exhibit 149: Koninklijke Philips NV - Segment focus

12.13 Kuvings

Exhibit 150: Kuvings - Overview
Exhibit 151: Kuvings - Product / Service
Exhibit 152: Kuvings - Key offerings

12.14 Midea India Pvt. Ltd.

Exhibit 153: Midea India Pvt. Ltd. - Overview
Exhibit 154: Midea India Pvt. Ltd. - Product / Service
Exhibit 155: Midea India Pvt. Ltd. - Key offerings

12.15 Newell Brands Inc.

Exhibit 156: Newell Brands Inc. - Overview
Exhibit 157: Newell Brands Inc. - Business segments
Exhibit 158: Newell Brands Inc. - Key news
Exhibit 159: Newell Brands Inc. - Key offerings
Exhibit 160: Newell Brands Inc. - Segment focus

12.16 Omega Juicers

Exhibit 161: Omega Juicers - Overview
Exhibit 162: Omega Juicers - Product / Service
Exhibit 163: Omega Juicers - Key offerings

12.17 SEB SA Co.

Exhibit 164: SEB SA Co. - Overview
Exhibit 165: SEB SA Co. - Business segments
Exhibit 166: SEB SA Co. - Key news
Exhibit 167: SEB SA Co. - Key offerings
Exhibit 168: SEB SA Co. - Segment focus

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 169: Inclusions checklist
Exhibit 170: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 171: Currency conversion rates for US$

13.4 Research methodology

Exhibit 172: Research methodology
Exhibit 173: Validation techniques employed for market sizing
Exhibit 174: Information sources

13.5 List of abbreviations

Exhibit 175: List of abbreviations

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