The cold pressed juice industry size stood at USD 1.08 billion in 2021. The industry is anticipated to rise from USD 1.15 billion in 2022 to USD 1.86 billion by 2029, at a 6.97% CAGR during the forecast period. According to the analysis, the trend for chemical additive-free fresh juice will bode well for leading companies gearing to expand their penetration across untapped areas. End-users are likely to invest in juice composed of 100% pure forms of fruits and vegetables. Stakeholders could further invest in innovations and technological advancements following the prevalence of the COVID-19 pandemic.
Major Players Profiled in the Industry Research:
- Pressed Juicery (U.S.)
- SUJA LIFE, LLC (U.S.)
- Juice Generation (U.S.)
- 7-ELEVEN, Inc. (U.S.)
- Village Juicery (Canada)
- Greenhouse Juice Co. (Canada)
- Pure Green (U.S.)
- La Presserie (Canada)
- Pulp & Press Juice Co. (Canada)
- Mama Juice (Canada)
Shifting Consumers Traction towards Pure Fruits and Vegetable Juice to Augur Well
Millennials and the Gen Z population have upped investments in healthy food products, such as fruit juices, partly due to the onslaught of the COVID-19 outbreak. Accordingly, fruit juice manufacturers have investments to reduce the number of sugary ingredients. Following the adoption of a busier and sedentary life-style, leading companies are likely to inject funds into cold pressed juice products. With the demand for fresh juice gaining an uptick, the COVID-19 pandemic has potentially provided opportunities and challenges in the global industry.
The research offers a comprehensive view of the industry share, size, volume and revenue. It has also delved into SWOT analysis and Porters’ Five Force Analysis. The research has been prepared through qualitative and quantitative analysis to bolster the strategic approach. The primary interviews have been used to validate assumptions, findings and the prevailing business scenarios. The research has also been prepared through secondary resources, such as annual researchs, press releases, white papers and journals.
In terms of product type, the industry is segmented into fruits, vegetables and mixed.
On the basis of packaging material, the industry is segregated into plastic, glass and others.
Based on distribution channel, the industry is fragmented into online stores, superindustrys/hyperindustrys, convenience stores and others.
On the geographical front, the industry covers Europe, North America, Asia Pacific, the Middle East & Africa and South America.
Trend for Mixed Juice in the U.S. to Bolster North America Industry
Surging demand for mixed and fruit juice across the U.S., Canada and Mexico could foster North America industry forecast. End-users are likely to invest in juice packed in PET bottles and cartons for lightweight and convenient options. It is worth mentioning that superindustrys and online channels will be the major distribution channels across the region.
Europe cold pressed juice industry share will witness an appreciable gain during the assessment period, largely due to the adoption of a healthier life-style. The expansion of the vegan population across the U.K., France, Germany, and Italy will bode well for companies vying to expand their footfall. Moreover, juice products will be trendier across online channels due to discounts and coupons.
Asia Pacific industry outlook will be robust against the backdrop of western life-style trends across emerging economies. Furthermore, heightened awareness towards immunity-boosting beverages will expedite investments. Leading companies anticipate fruit juice to be sought-after across the region in the ensuing period.
Leading Companies to Invest in Organic and Inorganic Strategies to Expand Footprint
Well-established and new players are likely to invest in technological advancements, product rollouts and mergers & acquisitions. Leading players could infuse funds into R&D activities to gain a competitive edge. In doing so, investments in geographical expansion could be pronounced over the next few years.
Key Industry Development
- April 2021 – PlantX Life announced the acquisition of Little West to bolster its operation in the U.S. and Canada.
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