JUICE EXTRACTORS MARKET REPORT OVERVIEW
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The global juice extractors market size was USD 2438 million in 2021 and the market is projected to touch USD 3375.3 million by 2028, exhibiting a CAGR of 4.7 % during the forecast period.
Juice extractors are kitchen appliances designed to efficiently extract liquid from fruits and vegetables, transforming them into refreshing beverages. Utilizing mechanisms like centrifugal force or mastication, these devices efficiently separate juice from pulp. Centrifugal juicers use high-speed spinning to extract juice quickly, while masticating juicers employ a slower grinding and pressing method, preserving more nutrients and yielding higher juice quality.
With varying capacities and features, juice extractors cater to diverse preferences, providing a convenient and nutritious way to enjoy fresh, homemade juices. Their popularity stems from the pursuit of healthier lifestyles and the desire for quick, homemade alternatives to store-bought drinks.
COVID-19 impact: Increased Interest in Health and Wellness During Pandemic Increased Market Growth
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic has influenced consumer behavior, leading to an increased interest in health and wellness. This shift has positively impacted the demand for juice extractors. With more people focusing on boosting their immune systems, homemade juices gained popularity as a convenient and nutritious option. The stay-at-home trend during lockdowns also encouraged individuals to explore healthier habits, including making fresh juices. Additionally, the closure of some juice bars and increased awareness of hygiene practices contributed to the surge in home juicing. The pandemic has, thus, played a role in elevating the relevance and adoption of juice extractors in promoting a healthier lifestyle.
LATEST TRENDS
"Integration of Cold-press Technology by Masticating Juicers to Accelerate Market Growth"
Recent innovations in juice extractors have transformed the juicing experience. Smart juicers equipped with connectivity features enable users to control and monitor the juicing process via mobile apps. Cold-press technology, championed by masticating juicers, preserves more nutrients and enhances juice quality. Self-cleaning mechanisms alleviate maintenance concerns, offering convenience to users.
Advanced pulp extraction systems ensure maximum juice yield, minimizing waste. Some models incorporate customizable settings for pulp levels and juice consistency. With sustainable materials and design considerations, these innovations align with eco-conscious consumer preferences. Altogether, these advancements redefine efficiency, customization, and user-friendly features in the realm of juice extractors. The above-mentioned factors are driving the juice extractors market growth.
JUICE EXTRACTORS MARKET SEGMENTATION
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- By Type
Based on types the global market is segmented into centrifugal juicer, masticating juicer, and, others.
Centrifugal Juicer: The centrifugal juicer is characterized by its high-speed spinning blade mechanism, quickly extracting juice from fruits and vegetables. This design efficiently separates pulp from the juice through centrifugal force. Known for its speed and convenience, centrifugal juicers are popular for those seeking a fast and easy juicing experience. While they are effective for various fruits and vegetables, they may produce slightly lower yields and generate more heat during the juicing process.
Masticating Juicer: In contrast, the masticating juicer employs a slower, chewing or grinding motion to extract juice. This method preserves more nutrients, enzymes, and produces a higher juice yield. Masticating juicers are versatile, handling leafy greens and tougher ingredients effectively. Due to their slower RPM (rotations per minute), they generate less heat, reducing the risk of nutrient degradation. Masticating juicers are favored by those who prioritize nutritional content and enjoy the option of juicing a broader range of produce.
Others: The "Others" category encompasses a spectrum of innovative juicing technologies beyond centrifugal and masticating designs. This may include hybrid juicers, incorporating features from both types for optimal performance. Emerging technologies such as cold-press or twin gear mechanisms may also fall into this category, offering unique benefits like increased nutrient retention and quieter operation. The diversity within this segment reflects the ongoing evolution and creativity within the juicing industry, providing consumers with a range of options to suit their preferences and nutritional goals.
- By Application
Based on application the global market is segmented into home use, and, commercial.
Home Use: Juicers designed for home use are typically compact, user-friendly, and suitable for individual or family needs. These appliances emphasize ease of use, cleaning, and may cater to diverse fruit and vegetable juicing preferences.
Commercial: Commercial juicers are designed for high-volume operations, such as juice bars, restaurants, and large-scale food establishments. These robust machines are characterized by heavy-duty construction, powerful motors, and enhanced durability to withstand continuous usage.
DRIVING FACTORS
"Surge In Health Consciousness Among Present Population to Amplify Market Growth"
The surge in health consciousness propels the demand for juice extractors as consumers prioritize homemade, nutrient-rich beverages. Technological advancements, such as powerful motors and efficient extraction mechanisms, enhance the performance and convenience of juice extractors. Lifestyle changes, including busier schedules, drive the need for quick and accessible ways to incorporate fresh juices.
Increasing awareness of the environmental impact of packaged drinks encourages a shift towards sustainable practices, promoting the use of juice extractors at home. The versatility of these appliances, accommodating various fruits and vegetables, appeals to diverse dietary preferences, contributing to their popularity as essential kitchen gadgets. All of the above-mentioned factors are driving the juice extractors market share.
"Consumer Preferences for Sleek, Space-Saving Appliances to Propel Market Growth "
Market competition fuels innovation in juice extractors, with manufacturers vying to introduce unique features and designs. Consumer preferences for sleek, space-saving appliances contribute to the evolving aesthetics of modern juice extractors. The rise of influencer culture and social media influences trends, driving interest in juicing as a lifestyle choice.
Health trends, such as detox routines and juice cleanses, amplify the demand for efficient juice extractors. Increasing disposable incomes empower consumers to invest in premium, high-performance models. Integration of user-friendly features, like easy assembly and cleaning, enhances the overall consumer experience. These diverse factors collectively stimulate the growth and evolution of the juice extractor market.
RESTRAINING FACTOR
"High Initial Costs for Advanced Models to Decrease Market Growth"
Despite their popularity, juice extractors face constraints in widespread adoption. High initial costs for advanced models can deter budget-conscious consumers. Limited kitchen space poses a challenge for those seeking compact appliances. Noise levels during operation may discourage use in noise-sensitive environments. Concerns over cleaning and maintenance can deter some from regular use.
Additionally, the perception of juicing as time-consuming may limit its appeal, particularly among those with busy lifestyles. Competition with ready-made, store-bought juices adds to the challenges. These restraining factors underscore the need for addressing cost, noise, convenience, and perceptions to further enhance the accessibility and acceptance of juice extractors.
JUICE EXTRACTORS MARKET REGIONAL INSIGHTS
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"North America to Dominate Market Share Due to Health-Conscious Consumer Base"
The market is primarily segmented into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa
North America stands as the leading region in the juice extractor market. The U.S. and Canada exhibit a robust demand driven by a health-conscious consumer base and a culture that embraces wellness trends. Technological advancements in kitchen appliances are readily adopted in this region, influencing the popularity of innovative juice extractors.
The presence of key industry players, coupled with a higher disposable income, contributes to the market's growth. Additionally, a well-established e-commerce infrastructure facilitates easy accessibility, further boosting the adoption of various juice extractor models. Overall, North America remains at the forefront of driving trends in the juice extractor industry.
Key Industry Players
"Leading Players adopt Acquisition Strategies to Stay Competitive "
Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.
List of Market Players Profiled
- Omega (U.S.)
- Cuisinart (U.S.)
- Braun (Germany)
- Breville (Australia)
- Electrolux (Sweden)
- Kuvings (South Korea)
- Philips (Netherlands)
- Joyoung (China)
- Hurom (South Korea)
- Oster (U.S.)
- Panasonic (Japan)
- Supor (China)
- Hamilton Beach (U.S.)
- Midea (China)
- Donlim (China)
- Kenwood (U.K.)
- SKG (China)
- Jack LaLanne (U.S.)
- Bear (China)
- Ouke (China)
- Xibeile (China)
INDUSTRIAL DEVELOPMENT
July 2021: Cutting-edge processing technologies (CEPT), including pulsed electric field (PEF), high-pressure processing (HPP), ultrasound processing (US), ohmic heating (OH), and microwave (MW), present a compelling innovation. Their efficiency and minimal impact on juice bioactive compounds (BCs) make them a promising alternative in today's landscape.
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.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 2438 Million in 2021 |
Market Size Value By |
US$ 3375.3 Million by 2028 |
Growth Rate |
CAGR of 4.7% from 2021 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the global juice extractors market expected to touch by 2028?
The global juice extractors market is expected to touch 3375.3 million by 2028.
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What CAGR is the global juice extractors market expected to exhibit during 2022-2028?
The juice extractors market is expected to exhibit a CAGR of 4.7% over 2022-2028.
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Which are the driving factors of the juice extractors market?
Surge in health consciousness among present population and consumer preferences for sleek, space-saving appliances to drive the juice extractors market growth and development.
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What are the juice extractors market segments?
The juice extractors market segmentation that you should be aware of, which include, based on type the market is classified as centrifugal juicer, masticating juicer, and, others. Based on application the market is classified as home use, and, commercial.