Juicer market size to grow by USD 2,346.13 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics

NEW YORK, Jan. 11, 2023 /PRNewswire/ — The global juicer market size is estimated to increase by USD 2,346.13 million between 2022 and 2027. The market’s growth momentum will decelerate at a CAGR of 18.41% – Request a sample report

Global juicer market – Vendor analysis

Vendor offerings –

• AB Electrolux – The company offers different types of juicers that provide fast, fresh, and simple blends.

• Bajaj Electricals Ltd. – The company offers different types of juicers that are easy to clean, work efficiently, and ensure minimum wastage.

• Breville USA Inc. – The company offers different types of juicer machines, presses, and extractors with various types of features and colors.

• Cuisinart – The company offers several types of electric juicer machines at different price levels with many features and colors.

• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global juicer market is fragmented, with the presence of a substantial number of international players as well as a few small-scale regional players. A few prominent vendors that offer juicer in the market are 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. and others.

The global juicer market is evolving, and it is expected to grow exponentially during the forecast period. Owing to the presence of significant growth opportunities, vendors are reaching out to new customers. This will also encourage them to form partnerships and strategic alliances. The market requires constant innovation, as product differentiation is low. Moreover, companies must sustain themselves in a highly competitive market in terms of pricing and data accuracy requirements to gain market share. All these factors are estimated to propel the demand for juicers, which will drive the growth of the market during the forecast period.

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Global juicer market – Segmentation assessment

Global juicer market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

Segment overview
Technavio has segmented the market based on product (centrifugal juicer, masticating juicer, and triturating juicer) and end-user (residential and commercial).

• The market share growth of the centrifugal juicer segment will be higher than the other segments during the forecast period. Centrifugal juicers are highly popular among residential users. They are considered more effective when compared to other types of juicers. In addition, centrifugal juicers are cost-effective, which is increasing their adoption in household applications.

Geography overview
Based on 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 account for 41% of the growth of the global market during the forecast period. The rising income of the middle-class population has led to an increase in the spending power of consumers in the region, which is driving the growth of the market. During the forecast period, APAC is expected to be the fastest-growing region owing to the health and wellness trend, especially in emerging economies such as China and India. The demand for smoothies and juices made of fruits and vegetables is also increasing, which will further propel the growth of the juicer market in APAC during the forecast period.

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Global juicer market – Market dynamics

Leading drivers – Rapid urbanization and changing lifestyles of consumers are driving the juicer market growth. Rapid economic growth in the developing countries of APAC, such as China and India, has increased the disposable incomes of consumers. As a result, there has been a significant shift in the lifestyles of consumers, which has increased the consumption of homemade products. Moreover, the increasing use of preservatives and other chemicals in packaged food is compelling consumers to look for other options, which, in turn, will drive the growth of the market during the forecast period.

Key trends – The rising focus on manufacturing energy-efficient and lightweight juicers is a key trend in the juicer market. Residential and commercial end-users prefer energy-efficient products to reduce costs and save energy. Hence, many manufacturers are offering energy-efficient products. These products involve fewer emissions of harmful substances. Moreover, the increasing awareness about climate change, the growing focus on environmental issues, and the rise in energy prices will drive the demand for lightweight juicers. Such developments will support the growth of the market during the forecast period.

Major challenges – Fluctuations in raw material prices and operational costs may impede the juicer market growth. The price of juicers depends on factors such as manufacturing costs, labor costs, prices of raw materials, and transportation and marketing costs. Hence, any fluctuation in these prices directly impacts the prices of juicers. This may compel consumers to choose low-cost local brands, which reduces the profit margins of vendors. Such concerns are expected to adversely affect the growth of the market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact 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 and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the juicer market 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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Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by End-user

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

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