Global Fruit Juice Market – Industry Analysis and Forecast (2022-2029) by Type, Flavors, Distribution Channels and Regions

Fruit Juice market was valued at US$ 140.2 Bn. in 2021 and the total revenue is expected to grow at 4.31% through 2022 to 2029, reaching nearly US$ 196.49 Bn.
Fruit Juice Market Overview:
Fruit juice is an unfermented beverage obtained by mechanically squeezing or softening the fruit. Different types of fruit juice offer different health benefits. For example, avocado juice increases the level of natural energy in the body. Watermelon juice hydrates the body and improves metabolism. Papaya juice guarantees healthy digestion. Lemon juice fights viral infections and pineapple juice lowers cholesterol.

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Soft drinks such as cola and flavored soda are declining worldwide due to their high sugar content and their potential for harmful effects on the human body, including artificial colors, phosphoric acid, artificial sweeteners and caffeine. For this reason, many consumers are switching from carbonated drinks to natural fruit juices. Since we are living in an era where people are becoming more and more health conscious, they are shifting towards fruits and vegetables juices because of their potential health benefits. Fruit juices makes an important component of a healthy diet and prescribed amounts can help avert significant diseases like CVDs, certain type of cancers, etc.
Fruit Juice Market Dynamics:
Lifestyle changes and consumer dietary changes are driving increased consumption of affordable, healthy and fast foods such as packaged fruit juices. Some of the manufacturers operating in the market have introduced a wide range of flavors to produce preservative- and sugar-free fruit juices to expand their consumer base. Now-a-days, consumers are hesitating in consuming carbonated drinks, which is driving the shifting of consumers preference towards fruit juices and drive the market growth.

During the ongoing COVID 19 pandemic, fruit and vegetable juice consumption increased worldwide due to health benefits. Presence of the many health consciousness consumers had boosted the demand for juice. Consumer buying behavior has changed in the pandemic period. E-commerce websites are highly favored by consumers because certain retail stores have been closed and consumers are stocking up fruit and vegetable juices for their own consumption. The growing popularity of cold pressed juice is one of the key factors influencing the growth of the juice market around the world. Cold pressed juice preserves the vitamins, minerals and enzymes lost during the heating and oxidation steps of the traditional squeezing process. Convenient packaging is an important factor in attracting consumers to buy fruit and vegetable juices. Many companies are focusing on product innovation to influence consumers through various marketing strategies such as advertising and effective distribution.
Fruit Juice Market Segment Analysis:
Based on Type, the global market is divided into 100% fruit juices, nectars, juice drinks, concentrates, powdered juices and Others. Juice beverages currently dominate the market share and are the most popular product type. Juice beverages are preferred by consumers because they contain multiple vitamins, flavors and antioxidants. The Coca-Cola Company, a key player in this segment, announced that its juice drink, ‘Maaza’, which is a fruit drink was sold more than its carbonated drinks during the pandemic. Key players operating in the market are focusing on the introduce innovative products by considering the changing tastes attributed to consumers in relation to beverages.

Based on Flavor, the global market is segmented majorly into Orange, Apple, Mango, Mixed Fruit and Others. Among all fruit juices, orange juice is the most popular. It is widely regarded as one of the healthiest beverages due to its potential to stimulate the immune system, minimize indications of ageing, guard against cancer, increase cellular repair and metabolism, detoxify the body, improve blood pressure, and lower cholesterol levels. As a result of its high vitamin A, vitamin C, calcium, and iron content, orange fruit juice dominates the market.

Based on Distribution Channel, the global market is segmented majorly into Hypermarkets/Supermarkets, Specialty Food Stores, Convenience Stores, Online Retail and Others. The largest segment to dominate the market is Supermarkets/Hypermarkets, which provide quick access to a wide range of fruit juices from various brands, varieties, and flavors. Convenience stores, Specialty food stores, Online shopping, and Others follow supermarkets and hypermarkets.
Fruit Juice Market Regional Insights:
Europe has the top spot in the global market on a geographical level. The region's consumers' fast-paced modern lifestyles and high-income levels have resulted in an increase in demand for on-the-go fruit drinks. On the other hand, The Middle East and African region's average per capita consumption of fruit juices is now lower than that of developed regions, although it is rapidly expanding. Consumers' health status in this region is heavily influenced by their educational degrees. In the region, there is a shift toward healthier fruit juices rather than carbonated energy drinks.

The government's awareness effort aimed at orienting people toward healthy food consumption habits is one of the possible factors for the market's growth in South Africa. Furthermore, because of the presence of various traditional cultures in this area, consumers prefer organic and natural items to chemically made products. Consumers in this region choose to live a better lifestyle and eat a nutritious diet. As a result, demand for fruit and vegetable juices is increasing market growth will boosting.

The objective of the report is to present a comprehensive analysis of the market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the market dynamics, structure by analyzing the market segments and project the Fruit Juice market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the  market make the report investor’s guide.
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Global Fruit Juice Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 140.2 Bn.


Forecast Period 2022 to 2029 CAGR:
4.31 %
Market Size in 2029:
US $ 196.49 Bn.


 Segments Covered:
by Type
• 100% fruit juices
• Nectar
• Juice drinks
• Concentrates
• Powdered juices
• Others


by Flavours
• Orange
• Apple
• Mango
• Mixed Fruit
• Others


by Distribution Channel
• Hypermarkets/Supermarkets
• Specialty Food Stores
• Convenience Stores
• Online Retail
• Others



Fruit Juice Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Fruit Juice Market Key Players
• The Coca- Cola Company (U.S.)
• Florida Natural Growers (U.S.)
• Welch Foods and Mott’s (Texas)
• Del Monte Foods Corporation (U.S.)
• Ocean Spray Cranberries (U.S.)
• Dabur India Ltd. (India)
• Pepsi Co (U.S.)
• Nestle (Switzerland)
• Dr. Pepper Snapple Group Inc. (U.S.)
• WILD Flavors Inc. (Canada)
• ITC (India)
• Hector Beverages (India)
• Parle Agro (India)

Frequently Asked Questions:

1. What is the forecast period considered for the Fruit Juice market report?
Ans. The forecast period for the Fruit Juice market is 2022-2029.

2. What are the segments covered in the Fruit Juice Market Report?
Ans. The Fruit Juice Market is segmented by types, Flavors and Distribution Channel.

3. What is the compound annual growth rate (CAGR) of the Fruit Juice market for the forecast period?
Ans. The market is expected to grow at a CAGR of 4.31%.

4. Which is the dominating segment by flavor in the Fruit Juice market?
Ans. Orange Juice segment dominates the market.

5. Which region is expected to hold the largest share in Fruit Juice market?
Ans. Europe is estimated to dominate the market.