Global cold-pressed juice market to reach $845M by 2024
In 2016, sales of cold-pressed juices in North America accounted for more than one-third of global revenues.
Commercial extraction of pulp or juice directly from fruits, vegetables and other agricultural produce has become easier thanks to 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 and pulps are healthier and more beneficial than conventionally-grinded fruit extracts. In fact, a study conducted by Persistence Market Research, New York, estimates that the global sales of cold-pressed juices in 2016 brought in about $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 $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 United States 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 $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 that 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.