Study: Cold-pressed juice market to witness 7.2% CAGR by 2022
The use of vegetables and mixed fruits in cold-pressed juices will witness a surge in demand due to growing awareness and health benefits.
The global cold-pressed juice market is expected to witness a growth of 7.2% CAGR over the forecast period 2016-2026, according to a study released by Research Report Insights, India.
The use of vegetables and mixed fruits in cold-pressed juices will witness a surge in demand due to growing awareness and health benefits. Additionally, surge in demand for juice made from a range of superfruits, including Blueberry, Acai, Black Currant, Pomegranate, Baobab, Maqui Berry, Black Currant, Goji and Cranberry is likely to contribute toward growth of the global cold-pressed juice market over the coming years.
Retail stores are likely to retain dominance and represent the largest distribution channel for cold-pressed juice market over the coming years. Mixed fruits and vegetables among various types of produce will witness relatively more preference by consumers globally. Organic produce will witness relatively more demand as compared to the production of conventional juice in the span of next 9 years. Moreover, combined nutrition availed from a mix of fruits and vegetables tread along the health trends that impact the choice of consumers globally in the coming years.
North America will account for $311 million by the end of 2024. In addition, the cold-pressed juice market in Europe will witness an upsurge in demand over the coming years. The cold-pressed juice market will witness a growth of 7% CAGR in the span of next 7 years, whereas MEA and Latin America will collectively witness modest revenue growth in the coming year. APAC’s revenue contribution is likely to witness slight decline in the span of next 7 years.