Juicer Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
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.
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.
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.
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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