Study: Cold-pressed juice market growth to be propelled by increasing dietary, health concerns
The organic segment led the cold-pressed juice market in 2018, and is anticipated to maintain its dominance by 2024.
The global cold-pressed juice market is estimated to grow at a substantial CAGR in the forecast period, as evidenced in a report published by Radiant Insights, Inc., San Francisco. The $4.3 billion cold-pressed juice market in the United States in 2017 is expected to reach $8.1 billion by 2024.
The factors that propel the growth of the cold-pressed juice market include growing number of diabetic patients, increased obesity, growing dietary and health concerns among clinicians, changing lifestyles and beauty and detoxifying benefits offered by juice. On the other hand, the factors that may hamper the growth of the market include high price of cold-pressed juice.
The organic segment led the cold-pressed juice market in 2018, and is anticipated to maintain its dominance by 2024. The mixed fruits and vegetables segment led the cold-pressed juice market in 2018, and is anticipated to maintain its dominance by 2024, owing to high demand and rising concerns concerning numerous health issues.
The hyper/supermarket segment led the cold-pressed juice market in 2018, and is anticipated to maintain its dominance by 2024. Europe and North America accounted for the major share of the cold-pressed juice market size in 2018, and will continue to lead in the forecast period.
Leading cold-pressed juice processors are taking up partnerships, mergers and acquisitions and joint ventures to boost the inorganic growth of the industry. U.S. markets are poised to achieve continuing growth, as cold-pressed juice markets support better nutrition.
An increasing number of diabetic patients, rise in obesity and increasing nutritional and health concerns among clinicians are having an impact on the cold-pressed juice markets, as consumers turn to good nutrition as a supplement to medications. Changing lifestyle impacts the market. The cold-pressed juice market can be primarily divided into raw juices and high-pressure processing (HPP).
Independent brands comprise a higher percentage than usual for other markets. The cold-pressed juice market is comprised in part of smaller stores and from sources that operate as small entities.
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