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Report Overview
The global electric juicing machines market size was USD 589.35 million in 2021. As per our research, the market is expected to reach USD 875.08 million by 2027, exhibiting a CAGR of 6.81% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the Electric Juicing Machines Market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels.
A Electric Juicing Machines is a machine that uses different fruits, vegetables, and herbs to extract their juice. Juice is extracted by first crushing and squeezing the pulp, and then the juice is filtered through a fine mesh screen that is fixed to the apparatus. It is now simpler to eat raw fruits and vegetables thanks to the introduction of new juicer varieties. Additionally, the market for juicers has grown in the recent years, and now people can use them to grind baby food, make pizza, make dough for bread and chapattis, and make coffee.
The market for Electric Juicing Machines is expected to be driven by the increasing demand for fiber-rich fruit and vegetable juices. In addition, the market for juicers is being driven by reasons such as changing lifestyles, increased urbanization, and healthy living among middle-class consumers. The Electric Juicing Machines market share will expand more quickly due to other important aspects like the increase in health awareness initiatives and high disposable income.
COVID-19 Impact: Market Witness Decent Growth Owing to Increased Product Demand
Among other industries, the consumer goods sector experienced unanticipated challenges during the COVID-19 pandemic. Global supply networks were impacted by government restrictions such as lockdowns, travel bans, manufacturing halts, and border controls. This led to a scarcity of labor and raw materials, which made it difficult to produce a wide range of consumer goods on both a small and large scale. But there was a sharp increase in demand for expensive electric juicing machines. As a result of parents searching for indoor entertainment choices for their children during the lockdown, sales of high-end electric juicers and brand recognition skyrocketed. Additionally, it is anticipated that the massage chair industry will increase favorably over the approaching years due to prompt immunization and effective regulatory restrictions, increasing the global market share for Electric Juicing Machines.
Latest Trends
"Integrated Marketing To Be A Noticeable Trend"
The market for electric juicing machines is divided into segments according to product type, end users, application, and distribution channel. The expansion of these segments will assist you in analysing the sparsely growing industry segments and give users useful market overviews and insights to support their strategic decision-making for the identification of key market applications.
Segmentation
● By Type Analysis
The market can be segmented according to type Centrifugal, Masticating, and Other amongst which Centrifugal is the leading segment.
● By Application Analysis
The market can be divided into Household Application and Commercial Application amongst which Household Application is the leading segment.
Driving Factors
"Rising Dual Income to Propel Market Growth"
Due to increased health concerns, consumers are preferring fresh fruit and vegetable juices over packaged drinks, which has led to an increase in the popularity of electric juicing machines globally. Antioxidants found in fresh fruit and vegetable juices strengthen immunity and improve the physical, mental, and spiritual well-being of the body. the rising popularity of juicing as a health-promoting strategy for weight loss, general health enhancement, blood sugar regulation, better digestion, and increased energy.
"Flourishing E-commerce Sales to Market Growth"
The market for juicers has benefited from the creation of the newest types of electric juicing machines, which are designed to reduce preparation time and workload while preparing juice at home. Additionally, the need is met by juice bars and cafés, which increases the need for additional juicers with better features. The market for electric juicing machines is expanding due to a number of factors, including growing health awareness campaigns, middle-class consumers leading healthier lifestyles, rising income levels, and a desire to spend more money on fitness and health.
Restraining Factors
"Hazardous Substances in To Restrict Market Growth"
Market leaders have been focusing on developing new products for a variety of applications, despite the fact that demands vary based on utilization. Prominent industry companies such as Philips have created the VIVA series, aimed at the mid-tier domestic market. It boasts an affordable price range, rapid clean technology, and easy juicer cleaning. The VIVA line can generate up to two liters of juice simultaneously with a 700w engine.
Regional Insights
"North America to Lead the Market owing to High Recreational Activities "
North America will lead the market over the projected period in terms of revenue and market share. The growth of this market is being driven by the greater availability of electric juicing machines in industrialized nations in this region.
Key Industry Players
"Market Players to Employ Innovative Technology To Create Appealing Items"
Market participants are pursuing product innovation techniques to create highly unique and appealing items. They are investing much in research & development to maintain and extend their market share across many geographies.
LIST OF TOP ELECTRIC JUICING MACHINES COMPANIES
- Champion Juicer (U.S.)
- Zumex Group (U.S.)
- Sammic (U.S.)
- Ceado (Italy)
- Zummo (Spain)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 589.35 Million in 2021 |
Market Size Value By |
US$ 875.08 Million by 2027 |
Growth Rate |
CAGR of 6.81% from 2021 to 2027 |
Forecast Period |
2024-2032 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the global electric juicing machines market expected to touch by 2027?
The global electric juicing machines market is anticipated to reach USD 875.08 million by 2027.
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What CAGR is the electric juicing machines market expected to exhibit by 2027?
The electric juicing machines market is anticipated to exhibit a CAGR of 6.81%.
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What are the driving factors of the Electric Juicing Machines market?
Rising Dual Income and flourishing e-commerce sector to drive the market.
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Which are the key players or most dominating companies functioning in the Electric Juicing Machines market?
Champion Juicer (U.S.), Zumex Group (U.S.), Sammic (U.S.), Ceado (Italy), and Zummo (Spain) are the top market players in the Electric Juicing Machines market.