Study: Cold-pressed juice market anticipated to grow
North America has experienced major growth in recent years owing to the rise in the implementation of latest technologies.
The global cold-pressed juice market is anticipated to grow considerably in the forthcoming period thanks to the growing prevalence of chronic diseases such as diabetes, obesity and rising nutritional and health concerns among general population, according to a study released by Million Insights, Felton, Calif. A changing lifestyle, varying food patterns and rising health consciousness among the young population are anticipated to drive the growth of cold-pressed juice market in the upcoming years.
The market is categorized into two major types such as raw juices and high-pressure processed (HPP) juices.
The cold-pressed juice market is divided based on type of raw materials, channel of distribution and nature. Additionally, increasing penetration of various distribution channels such as grocery, retailers, hypermarkets, e-commerce retailers and departmental stores in urban and rural areas across the globe are expected to drive market growth over the forecast period.
The cold-pressed juice market is also categorized into two major types based on nature such as organic juices and conventional juices. The organic cold-pressed juices is considered to be one of the fastest growing segment in the cold-pressed juices market with substantial revenue generation in the last couple of years.
However, use of organic flavors and adoption of HPP manufacturing processes can make them more costly in comparison than their counterparts. Yet, shifting trends toward consummation of organic juices and increasing per capita income in developing economies across the globe are expected to fuel market growth over the forecast period.
The cold-pressed juice market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has experienced major growth in recent years owing to the rise in the implementation of latest technologies in packaged food and beverages industry, changing lifestyle and existence of well-established industrial infrastructure in the region.
The Asia-Pacific region is predicted to hold major market share with massive growth in forecast period. India, China and Japan are leading the Asia-Pacific market with varying food habits, increasing health consciousness and significant investment by leading industry players considering potential growth opportunities in the region.