Juice Extractor Machine Market Size, Share, Growth, and Industry Analysis, By Type (Centrifugal Juicer, Masticating Juicer, and Others), By Application (Online and Offline), Regional Insights and Forecast to 2032

Updated On: 08 April 2024

Juice Extractor Machine Market REPORT OVERVIEW

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global juice extractor machine market size was USD 2199.9 million in 2022 and market is projected to touch USD 2663.21 million by 2032 at CAGR 1.9% during the forecast period. 

Juice extractor machines, also known as juicers, are kitchen appliances designed to extract juice from fruits and vegetables. The market for juice extractor machines market is projected to expand exponentially due to rising demand for these juice extractors. Several factors are attributed to raise the demand for this machine. With a global emphasis on health and wellness, consumers are increasingly seeking natural and fresh alternatives which escalating the demand for juice extractors. Furthermore, ongoing technological innovations and design enhancements in these appliances, alongside the convenience of online shopping, have spurred market growth. The availability of diverse models and brands, catering to a range of preferences and budgets is also expected to contribute to the market demand. along with, the urbanization trend and the hectic pace of modern life have elevated the need for time-saving kitchen appliances like juice extractors. 

COVID-19 Impact:  Closure of Market Descended the Product Sales

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Initially, the pandemic impacted this market adversely due to lockdown restrictions on industrial operations. Short term closure of the market reduced product sales. Also, disrupted global supply chains led to shortages of certain components and delays in manufacturing and distribution. This affected the availability of some juice extractor models which hindered market growth. Consequently, the market experienced a decline in demand and revenue during the pandemic. While the industry may eventually recover as the situation improves, the immediate impact of COVID-19 was predominantly negative for the global market.

LATEST TRENDS

"Trend of Compact and Sleek Designs Machine to Foster Market Scope"

Consumers often seek kitchen appliances that not only perform well but also have a modern and compact design. The trend of sleek and space-efficient juicer designs that complement contemporary kitchen aesthetics is gaining traction. These juicers are characterized by their space-efficient construction and contemporary aesthetics that cater to consumers who prioritize both functionality and style in their kitchen appliances. The design often features clean lines, minimalist aesthetics, and a compact footprint which makes these juicers suitable for kitchens with limited space. The sleek design not only enhances the overall visual appeal but also reflects a modern and sophisticated approach to home appliances. As a result, this trend and product innovation is expected to broaden the opportunities for market development.

Juice Extractor Machine Market SEGMENTATION

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• By Type

Based on type the global market can be categorized into Centrifugal Juicer, Masticating Juicer, and Others.

Centrifugal juicers operate at high speeds, employing a spinning blade to quickly extract juice through centrifugal force, is ideal for those seeking efficiency and convenience. On the other hand, masticating juicers, also known as slow or cold press juicers, work at slower speeds, utilizing a crushing or chewing mechanism to preserve nutrients and deliver higher-quality juice, particularly from leafy greens. The category of "Others" encompasses various innovative designs, including twin gear juicers for high yield and versatility. Consumers can choose among these types based on factors such as speed, juice quality, versatility, and budget.

• By Application

Based on application the global market can be categorized into Online and Offline

The online segment refers to the distribution and sales of juice extractor machines through various e-commerce platforms. With the increasing prevalence of online shopping, consumers are increasingly turning to digital platforms to browse, compare, and purchase kitchen appliances. Offline channels offer consumers the opportunity for hands-on product inspection, immediate purchase, and interaction with sales representatives. Both online and offline channels play integral roles in meeting diverse consumer preferences.

DRIVING FACTORS

"Elevating Health Consciousness to Spike Demand for Juice Extractor Machines"

One of the major driving factors of juice extractor machine market growth is the increasing awareness of the importance of a healthy lifestyle and nutrition. As consumers become more conscious of the impact of their dietary choices on overall well-being, there is a growing interest in adopting healthier habits, including the consumption of fresh and natural juices. These machines enable users to extract the wholesome essence of produce, retaining essential vitamins, minerals, and antioxidants in the juice. As a result, the demand for juice extractor machines continues to rise as a practical and accessible solution for those looking to enhance their dietary habits in pursuit of overall well-being.

"Rising Demand for Natural and Fresh Beverages to Excite Market Growth"

The growth of the market is also significantly driven by the rising demand for natural and fresh products. A noticeable shift in consumer preferences toward natural and fresh beverages, coupled with a deliberate avoidance of processed and sugary drinks, is also expected to fuel the demand for juice extractor machines.

RESTRAINING FACTOR

"High Cost of Quality Juicers to Obstruct Market Potential"

Although the demand for the machine is growing substantially, yet the growth of the market can be hindered due to the high price of these juice extractor machines. As higher-quality juice extractors with advanced features and technology can be expensive. This high cost aspect may deter some potential buyers, especially those with budget constraints from investing in premium models.

Juice Extractor Machine Market REGIONAL INSIGHTS

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"Asia Pacific to Dominate the Market due to Growing Consumer Demand for the Machine"

Asia Pacific is projected to be the leading region in the market for extractor machines with the substantial acquisition of the juice extract machine market shares. Factors such as growing consumer demand for fresh natural beverages, a larger population, and increasing consumers’ disposable income are attributed to the region’s leading position. In addition to this, these factors are prompting consumers to invest in convenient and health-centric kitchen appliances similar to juice extractors. Along with this, the flourishing e-commerce industry also remarkably contributes to the higher demand for this machine. To meet this expanding demand, manufacturers are offering innovative products to cater to diverse consumer needs.

KEY INDUSTRY PLAYERS

"Leading Companies Collaborating with Retailers and Distribution Channels for Global Expansion"

Companies in the juice extractor machine market generate high profits by employing various strategies. Offering a diverse range of juice extractor models with varying features, capacities, and price points allows companies to cater to a broad customer base. This strategy enables them to capture different segments of the market and meet the diverse needs and preferences of consumers. Efficient distribution channels, both online and offline, ensure broad accessibility and global expansion taps into diverse markets. Moreover, key players collaborate with other brands, retailers, or influencers to expand market reach and enhance the visibility of their products. Strategic partnerships also lead to mutually beneficial arrangements that contribute to increased sales.

List of Market Players Profiled

• Joyoung (China)
• Kuvings (South Korrea)
• Hurom (South Korea)
• Omega (U.S.)
• Cuisinart (U.S.)
• Breville (Australia)
• Braun (Germany)
• Philips (Netherland)
• Supor (China) 

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.