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 : June, 2020 | Consumer Goods | PPT format

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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.