Fruit And Vegetable Juice Market: Online Distribution Channel Is Expected To Record The Fastest CAGR
Fruit And Vegetable Juice Industry Overview
The global fruit and vegetable juice market size was valued at USD 131.62 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 6.3% from 2022 to 2030. A rise in the consumption of fruit juices, changes in consumer tastes, adoption of healthier diets, and the advent of cold-pressed juices are the major factors accelerating the growth of the market globally. The COVID-19 pandemic has had a direct and indirect impact on the global market. It affected the raw material as well as application industries market. According to the U.S. Department of Agriculture (USDA), grower prices for vegetables started at a low level in 2020 and are expected to decline further.
Moreover, the prices of all fruits and vegetables dropped by more than 10% in April 2020 as compared to April 2019. Consumers are increasingly opting for healthy food choices that will help maintain their body weight, meet their nutritional requirements, and prevent chronic diseases. According to a report published by the International Food Information Council (IFIC) Foundation and the American Heart Association in 2020, 95% of consumers in the U.S. sometimes or always seek healthy food choices. The increasing consumption of healthy foods and beverages is likely to shift consumer preference towards juices in the coming years.
Gather more insights about the market drivers, restrains and growth of the Global Fruit And Vegetable Juice market
According to the article published in November 2021, Fresh fruit is the most expensive food item in U.S. households, accounting for 36% of the market. These are one of the fastest-growing segments in the beverages industry owing to increasing health concerns among consumers. Attention to one’s health and fitness has become a vital aspect and there has been a latent shift in the consumption of healthy juices from aerated soda, which is expected to drive the market growth. Soft drinks, such as non-alcoholic beverages, cola, flavored sodas, and other sugar-sweetened beverages, have no nutritional benefit in comparison to fruit and vegetable juices.
As a result, a considerable proportion of the population prefers natural juices. This is expected to offer multiple growth opportunities in the future. The growing number of health-conscious consumers and rising awareness regarding the health benefits associated with organic vegetables and clean-label products are likely to drive the development and launch of innovative products in the market. For instance, in February 2021, Tampico Beverages launched a range of juices with three different flavors including Beet the Day, Carrot On, and Pump it Up. The increasing number of product launches with sustainable & organically manufactured ingredients is expected to fuel the market growth over the coming years.
Browse through Grand View Research's Consumer F&B Industry Research Reports.
- Fruit Puree Market - The global fruit puree market size was valued at USD 3.86 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.0% from 2020 to 2027. Shifting consumer preference towards packaged convenience foods at the global level has been driving the market for fruit puree over the next few years.
- Cold And Flu Supplements Market - The global cold and flu supplements market size was valued at USD 13.85 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2020 to 2027. Changing lifestyle, along with enhanced access to supplements through offline as well as online stores, has been generating demand for cold and flu supplements across the world.
Fruit And Vegetable Juice Market Segmentation
Grand View Research has segmented the global fruit and vegetable juice market on the basis of product, distribution channel, and region:
Fruit & Vegetable Juice Product Outlook (Revenue, USD Million, 2017 - 2030)
- Fruit Juices
- Fruit & Vegetable Blend
- Vegetable Juices
Fruit & Vegetable Juice Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- Others
Fruit & Vegetable Juice Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa (MEA)
Market Share Insights
- November 2021: Dole Sunshine India launched its 100% natural pineapple juice with pure fruity goodness. The new beverage is manufactured with natural pineapple, enriched with vitamin C and no added sugars and preservatives.
- January 2021: CavinKare extended its product portfolio by launching fruit-based carbonated beverages. The newly launched brands are CavinKare’s first series of packaged drinks infused with immunity supporting ingredients Zinc and Vitamin A and D.In April 2021, Dabur’s leading brand Real Activ launched fruit, and veggie juice with carton packaging to boost immunity and gut & heart health.
Key Companies profiled:
Some of the key players operating in the global fruit and vegetable juice market include:
- The Coca-Cola Company
- PepsiCo Inc.
- Fresh Del Monte Produce Inc.
- Pepper Snapple Group
- Hershey
- Grimmway Farms
- Welch Food Inc.
- Ocean Spray
- Golden Circle
- Dole Packaged Foods, LLC.
Order a free sample PDF of the Fruit And Vegetable Juice Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Comments
Post a Comment