Market Size of Middle-East and Africa Fruits and Vegetable Juice Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.24 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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MEA Fruits and Vegetable Juice Market Analysis
The Middle-East and Africa fruit and vegetable juice market is projected to register a CAGR of 6.24% during the forecast period, 2022-2027.
In 2020, fruit and vegetable juice registered a sales growth due to higher at-home consumption during the COVID-19 pandemic; in the initial days of 2020, all juice products with added sugar or sweeteners were subject to an excise tax at a flat rate of 50% of the retail unit price. The rise in unit price has impacted the inclination toward juices due to economic turmoil created by the global pandemic.
The current average per capita consumption of fruit and vegetable juices in the Middle East & Africa region is comparatively lower than that of the developed regions but is increasing at a quick pace. Education levels play an essential role in determining the health status of consumers in this region.