Market Research Future (MRFR) studied the global cold-pressed juice market 2020 through the review period till 2023. By 2023, the global cold-pressed juice market is expected to earn USD 3.99 billion revenue at 9.50% CAGR. The growing popularity of cold-pressed juices across the globe due the rich content of essential dietary nutrition, such as; vitamins and minerals, can benefit the market. Rise in health consciousness among people is causing a shift in consumer preference for clean-labeled and natural beverages. Advancements in packaging technology for boosting safety of cold pressing juice can provide thrust to the market. Increase in funds for developing innovations that can offer better production solutions to compensate the upscaling demand of consumer for organic beverages can foster the market expansion. The inclination towards on-the-go beverage is paving way for new product line of cold-pressed juices with different flavor assortments. The rise in consumption of such beverages on regular basis owing to healthy lifestyle trends is likely to benefit the market in the near future. However, lack of expertise can challenge cold pressed juice market growth.
The segment study of the cold press juices market is based on distribution channel, category, and type. The category-based segments of the cold press juice market are conventional and organic. The organic segment can rise at 9.96 % CAGR by end of the review tenure. By 2023, the organic segment can value USD 2,333.4 Mn. The expansion of vegan population and growing demand for fresh and organic juice among people can promote the market.
The type-based segments of the cold press juice market are blends, vegetables, and fruits. MRFR findings reveals that the blends segment can rise at 9.90 % CAGR by 2023. The blend segment can revenue of about USD 1,680.6 Mn in the analysis period. The fruits segment can thrive in the analysis period as inclination towards fruits-derived juice is growing among both professionals and young population.
The distribution channel-based segments of the cold press juice market are store based and non-store based. The non-store-based segment can acquire 10.81% CAGR in the analysis period. By 2023, the non-store segment can revenue of about USD 564.0 Mn in study period. The easy accessibility of cold pressed juice at retail store can earn high revenue in the years ahead.
The juice industry in North America is likely to acquire considerable share of the worldwide market. The regional market can secure 56.9% share of the worldwide market in the year ahead. The expansion of product portfolio by different beverage vendors and rapid modernization of different flavors of cold-pressed juices can contribute to the expansion of regional market. The presence of reputed cold-pressed juices manufacturers in the US, can also acquire financial gain for North America market. The rise in consumption of cold pressed juice can improve impetus of the regional market.
In Europe, the global cold pressed juices market is expected hold significant share. The increase in focus of people on preventive health care solutions and rise in awareness about wellness can strengthen the regional market in the near future. Manufactures in EU are increasingly emphasizing on innovations in flavors and launch of new products. France is identified to house a large number of beverage consumers. Thus, increase in sales of these beverage in France can earn decent revenue for Europe market.
In Asia Pacific, the growing awareness about new products can drive the cold-pressed juices market in the analysis period. The hike in annual disposable income and increase in awareness about different products can encouragingly the progress of cold-pressed juices market in APAC. Moreover, the India and Indonesia can yield high returns on investment for the regional market due to gradual development of cold-pressed juices production facilities.
The competitive analysis of the cold pressed juice market is elaborated in the global cold-pressed juices market report that shed light on strategies designed by key players to understand geographic expansion, new product launch, agreement, and RD undertakings to foster their business growth. The market players are engaging in strategic acquisitions to reinforce their organic sales in the cold pressed juices market. MRFR profiled some renowned players in the cold-pressed juices market. They are; Pressed Juicery (Canada), PepsiCo Inc. (U.S.), Liquiteria Inc. (New York), JustPressed (Canada), Suja Life, LLC (U.S.), Organic Press Juices (Dubai), Hain BluePrint, Inc. (U.S.), and Evolution Fresh (U.S.) among others
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