Market Size of Juicers Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Juicers Market Analysis
The Global Juicers Market has generated revenue of USD 2.9 billion in the current year and is poised to achieve a CAGR of 8% for the forecast period.
Juice is extracted from a variety of fruits, vegetables, and herbs using a juicer. The pulp is crushed and squeezed to extract the juice, which is then filtered through a fine mesh attached to the machine. Consuming uncooked fruits and vegetables has become simpler with the invention of new juicer varieties. Additionally, the juicer market of today has broadened the uses and applications of juicers to include the grinding of baby food, pizza, coffee, and dough for bread and chapattis.
The global juicer market has benefited from the COVID-19 pandemic. When the pandemic recedes, there will probably be a further rise in the number of people interested in juicing. Juicer producers will benefit from this since there is now a higher demand for their goods. Furthermore, the growth in sales would enable businesses to recoup some of the losses brought on by the world recession.
The market for juicers is projected to be driven by the rising demand for fiber-rich fruit and vegetable juices. In addition, growing urbanization, changing lifestyles, and healthier lifestyles among middle-class populations are some of the reasons propelling the juicer industry. The market growth rate would be accelerated by other important variables including the increase in health awareness initiatives and high disposable income. Furthermore, profitable market expansion chances will be produced by technology developments and the introduction of new products. Nonetheless, the juicer industry will continue to face challenges because of fluctuating raw material and operating cost prices.
