PUNE,
India, July 26, 2024 /PRNewswire/
-- The Juicer Market size was valued at USD 2.43 Bn in 2023 and the total Juicer market
size is expected to grow at a CAGR of 6.60 percent from 2024 to
2030, reaching nearly USD 3.80 Bn by
2030. Juicers are becoming more popular worldwide as a result of
customer's growing preference for fresh fruit and vegetable juices
over packaged juices due to growing health concerns. Fresh fruit
and vegetable juices are full of antioxidants, which boost immunity
and have positive effects on the body's physical, mental, and
spiritual health. The growing popularity of juicing as a way to
improve one's health and as a means to reduce weight, improve
overall health, control blood sugar levels, improved digestion, and
have more energy.
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Market Size in
2023
|
USD 2.43 Bn.
|
Market Size in
2030
|
USD 3.80 Bn.
|
CAGR
|
6.60 percent
(2024-2030)
|
Forecast
Period
|
2024-2030
|
Base
Year
|
2023
|
Number of
Pages
|
287
|
No. of
Tables
|
110
|
No. of Charts and
Figures
|
175
|
Segment
Covered
|
By Type, Category,
Application, and Distribution Channel.
|
Regional
Scope
|
North America, Europe,
Asia Pacific, Middle East and Africa, South America
|
Report
Coverage
|
Market Share, Size
& Forecast by Revenue | 2024−2030, Market Dynamics, Growth
Drivers, Restraints, Investment Opportunities, and Key Trends,
Competitive Landscape, Key Players Benchmarking, Competitive
Analysis, MMR Competition Matrix, Competitive Leadership Mapping,
Global Key Players' Market Ranking Analysis.
|
Get your Sample
PDF: https://www.stellarmr.com/report/req_sample/Juicer-Market/2098
Based on Type, the centrifugal Juicer Segment dominates with
significant CAGR
The centrifugal segment dominates the global juicer market
because of its efficiency and affordability, appealing to a wide
range of consumers. Operating at high speeds, typically between
6,000 to 14,000 RPM, centrifugal juicers can extract juice quickly,
catering to time-conscious users. Their ability to handle a variety
of fruits and vegetables, including harder produce like carrots and
apples, makes them versatile. In comparison to masticating juicers,
which are generally more expensive and operate at around 80 RPM,
centrifugal juicers offer a cost-effective alternative, attracting
budget-conscious consumers. For instance, Breville's JE98XL model
has been highly rated for its performance and affordability.
Additionally, centrifugal juicers possess a simpler design and
fewer components, making assembly, disassembly, and easy Cleaning
by enhancing user convenience. According to SMR, approximately 65%
of juicer users prioritize ease of cleaning when choosing a juicer.
The combination of speed, versatility, ease of use, and
affordability ensures the centrifugal segment's dominance in the
global juicer market.
Asia Pacific to be the
largest in the Juicer Industry during the forecast period.
In 2023, the Asia Pacific
region held a leading position in the global juicer market
attributing to the growing middle class and their growing
inclination towards health-conscious living, which has increased
the demand for juicers. The rise in urbanization rates in nations
such as China and India has been significant, with China experiencing a 60% increase in urban
population over the last decade contributing to the increased
consumption of fresh juices. Technological advancements and
innovations like smart juicers with IoT capabilities are enhancing
the market demand for kitchen appliances. South Korea and Japan are at the forefront of developing
cutting-edge juicers influencing their technological prowess.
Rising disposable incomes, particularly in China where per capita income is growing by
4.4% annually, are enabling consumers to purchase premium kitchen
appliances. Additionally, government policies that are supportive
of small and medium-sized enterprises (SMEs) in countries such as
India are contributing to the
growth of the manufacturing sector, encouraging local production
and decreasing the dependence on imports. The increasing focus on
health indicated by a 25% increase in fitness club memberships from
2017 and 2022, is also driving the juicer market, with consumers
placing a higher value on nutritious diets.
Competitive Landscape
The global juicer market is highly competitive with numerous key
players such as AB Electrolux, Bajaj Electricals Ltd., Borosil
Ltd., Breville Group Ltd, Conair, HUROM, and Hamilton Beach Brands
Holding Co. among others.
Key Player Offering
- HUROM has unveiled its latest innovation, the H70 Easy Clean
Slow Juicer. This compact yet powerful juicer combines the brand's
patented Slow Squeeze Technology with an upgraded easy-clean
chamber set for maximum efficiency and convenience. Designed to
preserve nutrients and extract the most juice from produce, the H70
offers a balance of performance and practicality, making it an
ideal choice for health-conscious consumers seeking a hassle-free
juicing experience.
For Key Players and Their Offerings
Request for a Sample
Report: https://www.stellarmr.com/report/req_sample/Juicer-Market/2098
Highlights:
- Historic Market Size (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment |
2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities,
and Key Trends by Region
- Market Segmentation – A detailed analysis by Type, Category,
Application, Distribution Channel, and Region
- Competitive Landscape – Profiles of selected key players by
region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers,
Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER's analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research:
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industries we cover include medical devices, pharmaceutical
manufacturers, science and engineering, electronic components,
industrial equipment, technology and communication, cars and
automobiles, chemical products and substances, general merchandise,
beverages, personal care, and automated systems.
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SOURCE Stellar Market Research