The Global Market for Fruit and Vegetable Juices is Projected to Reach 65.9 Billion Liters by 2022
Innovative Flavors and
Organic & Functional Juices to Sustain Growth in the Global Fruit and
Vegetable Juices Market, According to a New Report by Global Industry Analysts,
Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers, market
share, market size and demand forecasts on the global Fruit and Vegetable
Juices market. The global market for Fruit
and Vegetable Juices is projected to reach 65.9 billion liters by 2022, driven by the increasing
demand for healthy products among health-conscious consumers, particularly in
developing economies. The advent of innovative flavors and juice varieties and
growing demand for organic and natural juices are also expected to fuel market
growth.
Fruit
and vegetable juices are fast emerging as a choice of beverage among consumers
of all age groups, owing to their refreshing attributes and high nutritional
content. Over the years, fruit and vegetable juices have become an essential
component of human diet due to their numerous health benefits. Fruit and
vegetable juices are considered to be sources of vital nutrients, with the
deficiency of such nutrients raising the risk of various illnesses and
diseases. Rising awareness about health and increasing preference for healthy
products from consumers are driving growth in the global market for fruit and
vegetable juices. The general trend in favor of natural and healthy foods and
beverages is one of the major factors driving consumer demand for beverages manufactured
naturally, without the use of artificial preservatives or additives. Juices
extracted from fruits and vegetables are also rapidly gaining importance as
substitutes for carbonated beverages as well as energy juices
among health conscious consumers. Changing lifestyles have also positioned
juices as essential part of consumers’ daily diets, not only as a means of
instant nutrition but also for improving overall immunity.
Despite
the turbulence seen in fruit and vegetable juice market over the recent years due
to poor weather conditions, fluctuating prices and consumer shift towards
alternative beverages owing to concerns over high sugar content in juices, the market
is likely to be favored by the development of products with innovative flavors
as well as healthy and natural attributes. The market is also witnessing the
influx of juice brands which apart from being economical are fortified with
vitamins and minerals and are low in calories compared to soft drinks. Also,
fruit & vegetable blends, and juices with added vitamins and minerals are
gaining consumer acceptance. In the coming years, growth in the fruit and
vegetable juice market will be driven by the growing demand for completely
sugar-free or less-sugar products, due to growing consumer concerns over high
calorie and sugar content in juices. Fruit juices with low sugar content,
vegetable juices, juices with herbal ingredients, and smaller portions of
juice to reduce overall sugar consumption are expected to experience good
growth in the coming years. Another focus area for industry participants,
particularly in developing markets, is the children’s drink category.
Manufacturers are engaged in the development and launch of fruit and vegetable
juices that are likely to find greater appeal among children.
As
stated by the new market research report on Fruit
and Vegetable Juices, Europe represents the largest market, worldwide. Consumption
of juices in developed regions of North America and Europe has been declining
over the past few years, due to the rising concerns over adverse health
implications of consuming sugar-laden juice products. Asia-Pacific is poised to
register the fastest CAGR of 8.2% over the analysis period, led by large
population base, rising income levels and escalating demand for healthy and
nutrition-rich products.
Major
players in the market include Ajeper SA, Beijing Huiyuan Beverage and Food
Group Co. Ltd., Birdseye Dairy Inc., Campbell Soup Company, Del Monte Foods
Inc., Doehler Group, Dr Pepper Snapple Group Inc., Florida's Natural Growers, Golden
Circle, Hangzhou Wahaha Group Co. Ltd., Harvest Hill Beverage Company, Ito En
Ltd., Kanegrade Limited, Lassonde Industries Inc., Loblaw Companies Limited, Mott's
LLP, Naked Juice Company, Ocean Spray Cranberries Inc., Odwalla Inc., Old
Orchard Brands LLC, PepsiCo Inc., Schweppes Australia Pty Ltd., Shaanxi
Hengtong Fruit Juice Group, Tampico Beverages Inc., The Coca-Cola Company, The
Minute Maid Company, Tropicana Products Inc., and Welch Foods Inc. among
others.
The
research report titled “Fruit and Vegetable Juices:
A Global Strategic Business Report” announced by Global Industry Analysts Inc.,
provides a comprehensive review
of market trends, issues, drivers, mergers, acquisitions and other strategic
industry activities of global companies. The report provides market estimates
and projections for all major geographic markets such as the US, Canada, Japan,
Europe (France, Germany, Italy, UK, Spain, Poland, Russia and Rest of Europe),
Asia-Pacific (China, India and Rest of Asia-Pacific), Middle East & Africa
and Latin America (Brazil and Rest of Latin America). The market for Fruit and
Vegetable Juices is analyzed by the following types - Fruit Juices (100% Juice, 25-99% Juice and <25% Juice)
and Vegetable Juices.
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enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
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