SAN FRANCISCO, April 13, 2022 /PRNewswire/ -- The global fruit and vegetable juice market size is expected to reach USD 228.96 billion by 2030, registering a CAGR of 6.3% over the forecast period, according to a new report by Grand View Research, Inc. Some of the key factors driving the market are the increasing consumption of fruit juices, the introduction of fruit and vegetable blends, and rising disposable income in emerging countries. The adoption of healthier lifestyles and the advent of cold-pressed juices is propelling market potential in the upcoming years. The consumption of soft drinks, such as non-alcoholic beverages, cola, flavored sodas, and other sugar-sweetened beverages, is seen to be reducing globally.
Key Insights & Findings from the report:
- The vegetable juice segment will register the fastest CAGR during the forecasted years due to the growing demand for healthy, fresh products along with the easy availability of a wide variety of products.
- The online distribution channel is expected to record the fastest CAGR during the forecast years due to the high demand amid the COVID-19 lockdown.
- According to an article published in Supermarket News in May 2020, online grocery sales in the U.S. grew by 22% in the year 2020.
- Asia Pacific is expected to be the fastest-growing market during the forecast period. Countries, such as China, Australia, New Zealand, and India, are expected to see a rapid surge in product consumption.
- Furthermore, the increasing middle-income population and rising purchasing power in the region are expected to boost the sales of premium products like organic & natural vegetable blends & juices.
Read 75-page market research report, "Fruit And Vegetable Juice Market Size, Share & Trends Analysis Report By Product (Fruit, Vegetable Juices), By Distribution Channel (Supermarkets/Hypermarkets, Online), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Fruit and Vegetable Juice Market Growth & Trends
These drinks have no nutritional value in sharp contrast to fruit and vegetable juices available on the market. High sugar, fructose corn syrup, phosphoric acid, artificial sweeteners, and caffeine content are some of the main ingredients in such drinks that culminate in a wide range of diseases. In terms of product, the fruit juices segment led the market in 2021. Consumers have become more aware of the harmful health effects associated with the consumption of sugary carbonated drinks. In addition to this, the growing focus on healthy lifestyles among the young, as well as working-class populations across the globe, is increasing the scope for natural fruit-based beverages.
The supermarkets/hypermarkets distribution channel segment accounted for the largest market share in 2021. The increasing demand for different products from different brands in a single place has boosted the sales through supermarkets. According to a blog published in SPENDMENOT in August 2021, 60% of U.S. consumers preferred shopping at supermarkets trying new brands & products. The market is very fragmented as various developers are engaged in the development of new products to attract more consumers.
Fruit and Vegetable Juice Market Segmentation
Grand View Research has segmented the global fruit and vegetable juice market on the basis of product, distribution channel, and region:
Fruit & Vegetable Juice Product Outlook (Revenue, USD Million, 2017 - 2030)
- Fruit Juices
- Fruit & Vegetable Blend
- Vegetable Juices
Fruit & Vegetable Juice Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
- Supermarkets/Hypermarkets
- Convenience Stores
- Online
- Others
Fruit & Vegetable Juice Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
List of Key Players of Fruit and Vegetable Juice Market
- The Coca-Cola Company
- PepsiCo Inc.
- Fresh Del Monte Produce Inc.
- Dr. Pepper Snapple Group
- Hershey
- Grimmway Farms
- Welch Food Inc.
- Ocean Spray
- Golden Circle
- Dole Packaged Foods, LLC
Check out more related studies published by Grand View Research:
- Germany Fruit Juice Market - The Germany fruit juice market is projected to reach USD 10.4 billion by 2025, according to a new report by Grand View Research, Inc. Growing societal responsiveness toward serious health problems is contributing towards the development of the market.
- U.S. Fruit & Vegetables Market- The U.S. fruit & vegetables market size is expected to reach USD 97.25 billion by 2030, growing at a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Increasing health awareness among the U.S. population, faulty eating habits, and the rise in prevalence of diseases like obesity are propelling product demand.
- Sugar Beet Juice Extract Market- The global sugar beet juice extract market size is expected to reach USD 6.34 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 5.7% during the forecast period. Rising demand for natural sweetener in food processing industries is anticipated to drive the growth.
Browse through Grand View Research's Consumer F&B Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Grand View Pipeline
Follow Us: LinkedIn | Twitter
Logo: https://mma.prnewswire.com/media/661327/Grand_View_Research_Logo.jpg
