cold pressed fruit juice market information
GLOBAL COLD PRESSED JUICE MARKET TO REACH US$ 845 MILLION IN VALUE BY 2024
Commercial extraction of pulp or
juice directly from fruits, vegetables and other agricultural
produce has become easier due to the advent of cold-press
technology. The temperate pressure applied on produce during a
cold-pressed process not only helps in extracting a fine blend of
juice and pulp, but also improves the quality of extract. Consumers
from around the world are being acquainted with the fact that
cold-pressed juices & pulps are healthier and beneficial than
conventionally-grinded fruit extracts. A recent study conducted by
Persistence Market Research estimates that the global sales of
cold-pressed juices in 2016 brought in about US$ 492 million in
revenues. The study also predicts that by 2024, the global market
for cold-pressed juices will have soared at 7% CAGR to be valued at
US$ 845 million.
According to the report, titled "Global Market Study on Cold
Pressed Juice: Mixed Fruits and Vegetables Projected to be a
Relatively Attractive Market Segment during 2016 - 2024,"
Persistence Market Research projects that adoption of cold-press
technology has gained traction in the US and Canada. In 2016, sales
of cold-pressed juices in North America accounted for more than
one-third of global revenues. By the end of 2024, North America's
cold-pressed juice market is anticipated to be valued over US$ 311
million. Consumption of cold-pressed juices in Europe is also
expected to grow rapidly during the course of projection period.
Through 2024, Europe's cold-pressed juice revenues will have soared
at a CAGR of 7%. Latin America and Middle East & Africa are two
regions which are likely to incur moderate revenue growth, while
contribution of Asia-Pacific to global cold-pressed juice market
revenues will witness a bordering decline over the forecast
period.
Pepsi Co., the beverage behemoth, partakes in the global market for
cold-pressed juices by offering its flagship product line - the
Naked Pressed juices. Along with Pepsi, several other New
York-based companies are observed to be key players in the global
cold-pressed juice market. These include, Liquiteria LLC.,
Evolution Fresh, Inc., Juice Press, Hain BluePrint, Inc., and Juice
Generation. Additionally, global demands for cold-pressed juices
are also being met by beverage makers such as Juice Warrior (UK),
Presha Food (Australia), RAW Pressery (India) and Suja Life LLC
(US).
The report indicates that in 2017 and beyond, the global demand for
cold-pressed juices will remain largely inclined towards their
organic nature. Conventional nature of cold-pressed juices will
gradually lose out to the surging popularity of organic
cold-pressed juices. By accounting to nearly three-fourth of global
revenues, the global sales of organic cold-pressed juices will have
raked in revenues worth over US$ 630 million by the end of 2024.
Based on the type of produce, more consumers are opting for
cold-pressed juices derived from mixed fruits & vegetables. The
combined nutrition availed from a mix of fruits & vegetables
treads along global health trends that strongly impact the choice
of consumers. In 2016, more than US$ 130 million worth of
fruit-based cold-pressed juices were sold globally, while revenues
from global sales of vegetable-based cold-pressed juices reached
US$ 85 million. However, cold-pressed juices extracted from mixed
fruits & vegetables will continue to account for major chunk of
global revenues, procuring nearly half a billion dollars by the end
of 2024.
While retail stores are predominantly the largest distribution
channels for cold-pressed juices, internet selling is also playing
an instrumental role in boosting global sales. Through 2024, retail
and grocery stores will account for around US$ 300 million in
global revenues, but sales of cold-pressed juices will be the
fastest through online e-tailing platforms. Global revenues
harvested from selling cold-pressed juices over the internet will
register a 7.4% CAGR. Hyper market or supermarkets will also be one
of the dominant distribution channels for cold-pressed juices.
Convenience stores, on the other hand, will lose a considerable
share of global cold-pressed juices revenues over the forecast
period.
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