Fruit and Vegetable Juice Market Size, Share, Industry Forecast
Fruit and Vegetable Juice Market
The Fruit and Vegetable Market was estimated around USD 162 billion in 2019 and is predicted to grow at a CAGR of 5.6% CAGR over the forecast period (2020-2027).
The factors driving the growth of Fruit and Vegetable Market includes rising consumer inclination towards adopting healthy lifestyles, rise in the consumption of fruit juices and growing demand for non-carbonated beverages around the world. According to the report published by Statista, the Global Non-Carbonated Soft Drinks Market is predicted to reach USD 347.40 billion by the end of 2022, growing at a CAGR of 7.11% over the forecast period (2022-2026), which will boost the Fruit and Vegetable Juice Market Growth in the approaching years. Moreover, rising awareness about the benefits of consuming natural fruit drinks, increase in the number of chronic diseases such as Cancer and Cardiovascular diseases and easy availability of vegetable juice products at the e-commerce platforms, are some of the additional factors supplementing the Fruit and Vegetable Juice Market size. In addition, the increasing investments by the leading players on research and development, growing popularity of cold-pressed juices, rising disposable incomes and growing population growth rates, are further contributing to the market growth.
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However, the growth of Fruit and Vegetable Market is hindered due to easy availability of substitute drinks.
The leading players operating in the market are Eckes-Granini Group, Welch Foods Inc., Ocean Spray Cranberries, Inc., The Coca-Cola Company, Del Monte Foods, Inc., Nestlé S.A, PepsiCo Inc, Citrus World, Inc., Mott’s LLP, Dhler Group, and The Kraft Heinz Company, among others.
Product Type: Segment Analysis
Based on Product Type, the Fruit Juice segment is projected to expand at a remarkable CAGR during the forecast period. The fruit juices such as orange and lemon are increasingly consumed by consumers across the globe because they are highly rich in vitamins and nutrients, is the major factors responsible for the segment’s growth.
Distribution Channel: Segment Analysis
Based on Distribution Channel, the Supermarkets/Hypermarkets segment is estimated to capture the largest market share over the forecast period because the supermarkets and hypermarkets offers wide range of fruit and vegetable juice products and offers huge discounts to their regular customers with free delivery options.
Regional: Segment Analysis
As per the Fruit and Vegetable Juice Market Forecast, the Rest of the World Region is expected to hold the highest market share during the forecast period. The growing preference for healthy fruit juices, rising awareness amongst consumers about the nutritional benefits of fruit juice, rising per capita incomes and increasing population density, are some of the important factors propelling the market growth.
Market Segmentation
Global Fruit and Vegetable Juice Market by Product Type
- Fruit Juice
- Orange Juice
- Apple Juice
- Lemon Juice
- Guava Juice
- Others
- Vegetable Juice
- Nectar
Global Fruit and Vegetable Juice Market by Distribution Channel
- Specialized Stores
- Supermarkets/Hypermarkets
- Online
- Others
Global Fruit and Vegetable Juice Market by Region
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
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