Juicer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

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Juicer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029

Status : December, 2021 | Consumer Goods

Report Digest

Global Juicer Market: Overview

The juicer market has evolved considerably over the years, especially in relation to advances in juicer’s functionalities to meet the changing consumer demands. Manufacturers have been equipping juicers with new features, making them increasingly portable. Additionally, consumers have been witnessing the advent of juicers with motors of high kinetic performance. A slew of features they added were aimed at increasing the safety factor, thereby making juicers more reliable and user-friendly. This has continuously boosted the prospect of the juicer market. With time, the demand for juicers to meet the consumer need for fresh juice of wide range of vegetables, herbs, and fruits has only grown. The growing health-conscious populations around the world make juicing as part of their daily chores at homes. Need for hydrating the body with juices of choice, especially in summer season, has made consumers seek user-friendly, smart, and versatile juicers.

The study on the juicer market providers a granular assessment of such consumer trends. It offers insights into technology advancements in juicers which catalyze demands, and provides detailed estimations on the global sizing of market and of its various key segments.

Global Juicer Market: Growth Dynamics

Across all age groups, freshly juiced fruits and vegetables are considered a convenient source of meeting their daily requirements of nutrients and minerals, particularly in elderly people. For elderly, fruit and vegetable juices have gathered steam since they are easy to digest, boost the immunity, and help them meet their daily vitamins requirements. The demand dynamic of juicers market has been largely shaped by such health trends. Key product types are centrifugal juicers, triturating juicers, and masticating juicers.

The need for ensuring that daily juicing process is a hassle-free affair is a prominent factor shaping demand for constant product advancement in the juicer market. The dynamic gathered momentum from the constant drive for smart home appliances. In recent years, people in developing economies particularly residing in urban areas have been one of the key target populations for makers of smart juicers. There is a strong business proposition for incorporating juicers with advanced electronics and user-friendly interfaces. Machines that make minimal noise, and those that can offer the juicing capabilities for thick and hard vegetables and fruits gathered steam among consumers in juicer market.

Manufacturers also lean on reducing the maintenance requirement for juicers. Features that prolong the life of juicers is a compelling proposition for buyers, a prospect which manufacturers increasingly capitalize on. Prominently, features that make juicers safer to operate such as built-in circuit breakers and safety locks are gaining popularity among buyers. Growing popularity of centrifugal juicers capable of offering high-rotation per minute for juicing hard fruits and vegetables is boosting overall demand in juicer market.

Global Juicer Market: Notable Developments

Several manufacturers in the juicer market focus on increasing the juicing capacity of the machine and consequently impart designs that attract the aesthetics of prospective consumers. They are focusing on consumers who want kitchen home appliances not only good in functionality but also in aesthetics. A few players consider offering extended warranty. Also, numerous international manufacturers are trying to adopt optimal pricing for new offerings. They focus on increasing affordability for buyers, which helps them offer stiff competition to new entrants notably small-scale manufacturers with regional presence. Furthermore, some leading players also mull strategic alliances and mergers to consolidate their positions in the global juicer market.

Some of the promising players in the global juicer market are Sharp Corporation, Groupe SEB, Panasonic Corp., Newell Brands Inc., and Kuvings.

Global Juicer Market: Regional Assessment

Europe has been one of the prominent regional markets for juicers for past several years. Widespread demand for fruits and vegetable juices among people in European countries to meet their nutritional requirements is one catalyst that increased sales in the region. Meanwhile, Asia Pacific is emerging as a highly potential region in the juicer market. The growth is fueled by the growing health-conscious population who consider juicing as an equally healthy alternative to consuming whole fruits and vegetables. Also, continuous advancements in juicing technology have been attracting consumers who seek smart kitchen appliances. The presence of several small players, and numerous new entrants in recent years have made the regional market increasingly lucrative.

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TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?