Juicer Market to Record 6.34% Y-O-Y Growth Rate in 2021 | AB Electrolux Announced the Acquisition of La Compagnie du SAV in July 2021| Technavio

• Total Pages: 120
• Companies: 10+ – Including AB Electrolux, Breville USA Inc., Cuisinart, Groupe SEB, Hamilton Beach Brands Holding Co., Koninklijke Philips NV, Kuvings, Newell Brands Inc., Panasonic Corp., Sharp Corp., among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape
• Segments: Product (centrifugal juicer, masticating juicer, and triturating juicer) and End-user (residential and commercial)
• Geographies: APAC (India and China), Europe (UK and Germany), North America (US), MEA, and South America

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According to the recent market study by Technavio, the Juicer Market Share in Household Appliances Industry is expected to increase by USD 700.33 million from 2020 to 2025, with an accelerated CAGR of 7.91%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

APAC will register the highest growth rate of 43% among the other regions. China and India are the key markets for juicers. Moreover, market growth in APAC will be faster than the growth of the market in other regions.

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Vendor Insights-

The juicer market is fragmented. There are other prominent vendors that hold a significant position in the market. The market demands innovation, as product differentiation is low. Moreover, companies must sustain in a highly competitive market in terms of pricing and data accuracy requirements to gain market share. In July 2021, AB Electrolux announced the acquisition of La Compagnie du SAV, the main French independent service provider specialized in repairing domestic appliances.

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Regional Market Outlook

The juicer market share growth in APAC will be significant during the forecast period. China and India are the key markets for juicers in APAC. Market growth in APAC will be faster than the growth of the market in other regions. The growing health and wellness trend, particularly in emerging countries such as China and India, is driving the growth of the juicer market in APAC.

Download our FREE sample report for more key highlights on the regional market share of most of the above-mentioned countries.

Latest Drivers & Challenges of the Market-

• Juicer Market Driver:
• Rising urbanization and changing consumer lifestyles:
  The rising urbanization and changing consumer lifestyles are driving the growth of the juicer market. The rapid economic growth in developing countries in APAC, such as China and India, has resulted in a significant increase in the disposable income of consumers. The significant shift in the lifestyles of consumers, owing to the growing urbanization and consumerism, has led to a rapid rise in the consumption of homemade products. The growing use of preservatives and other chemicals in packaged food is compelling consumers to look for convenient health-conscious options. 
• Juicer Market Challenge:
• Fluctuations in raw material prices and operational costs:
  The market price of juicer depends on various factors such as the manufacturing costs, labor costs, prices of raw materials, as well as transportation and marketing costs. Manufacturing costs, labor costs, and prices of raw materials account for a major portion of the price. Any fluctuations in the prices of raw materials directly impact the price of the juicer and the profit margins of manufacturers. Fluctuations in the prices of fuel affect the costs incurred on the transportation of raw materials, thus affecting the final product.

Find additional information about various other market Drivers & Challenges mentioned in our FREE sample report.

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• Capsule Coffee Machine Market by End-user and Geography - Forecast and Analysis 2022-2026: The capsule coffee machine market share is expected to increase by USD 11.77 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 14.67%. Download Free Sample Report 

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SOURCE Technavio