NEW YORK, Jan. 29, 2024 /PRNewswire/ -- The super fruit juices market is to grow by USD 7.50 billion from 2023 to 2028 progressing at a CAGR of 9.74% during the forecast period. The report offers an up-to-date analysis regarding the current global scenario, the latest trends and drivers, and the overall market environment. Growing interest due to their health benefits is the key factor driving growth. Health concerns drive consumers to choose natural over artificial ingredients, boosting the global market. Ready-to-drink products aid in balanced diets, while an aging population seeks low-calorie, nutrient-rich options. In addition, Increasing focus on online sales is the primary trend shaping growth. Online retail stores, in line with current trends, offer convenient payment options and product visibility. This influences consumers to choose online shopping. For businesses, it can boost sales with tech-savvy customers and reduce the need for large physical store investments.
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Fluctuations in raw material prices are a significant challenge that affects growth.
The market analysis includes deployment (Offline and Online), Product (100%, 0%-24%, and Others), and geography (Europe, North America, APAC, The Middle East and Africa, and South America)
- The offline segment is estimated to witness significant growth during the forecast period. The global super fruit juices employ various offline channels for distribution. Brick-and-mortar retail stores like grocery and health food stores prominently display these products. Health-focused facilities may also offer them. Furthermore, participation in events and markets enhances brand visibility and consumer engagement, providing direct sales opportunities.
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Companies Mentioned
- Asahi Group Holdings Ltd.
- Australian Fruit Juice S Pte Ltd.
- Bostan Juice
- Campbell Soup Co.
- Del Monte Pacific Ltd.
- Eckes Granini Group GmbH
- ITC Ltd.
- Keurig Dr Pepper Inc.
- Nam Viet Food Processing JSC
- Nestle SA
- Nutricane Beverages Pvt. Ltd
- Ocean Spray Cranberries Inc.
- ONEBEV USA Ltd
- PepsiCo Inc.
- Symrise AG
- The Coca Cola Co.
- The Kraft Heinz Co.
- The Wonderful Co. LLC
- Welch Foods Inc.
- Citrus World Inc
Australian Fruit Juice S Pte Ltd. - The company offers cloudy apple, cranberry, pomegranate, and others under the brand Ripe.
Bostan Juice - The company offers pomegranate juice, dragon fruit juice, and many more under the brand Bostan.
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The Benefits
Super fruit juices, including antioxidant-rich, organic, cold-pressed, and nutrient-dense options, offer various benefits such as immunity-boosting, hydration, and detoxification. These functional beverages often contain exotic fruit blends, vitamins, natural sweeteners, and superfood infusions. They are available in eco-friendly packaging and are sustainably sourced. Some juices are low in calories, made with fresh and raw ingredients, and come in premium blends with unique flavor profiles. Many are free from GMOs, sugar, and preservatives, and may include high-fiber or probiotic-rich options. The juices are often customized and made with locally sourced, plant-based ingredients, making them popular choices for wellness-conscious consumers.
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The grape juice market size is projected to increase by USD 455.03 million with a growth at a CAGR of 1.78% between 2023 and 2028.
The global energy drinks market is projected to reach a value of over USD 125.40 billion in 2027, at a CAGR of 8% between 2022 and 2027.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Sizes
Five Forces Analysis
Segmentation by Deployment
Segmentation by Product
Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About US
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging trends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize their positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable insights to identify opportunities in existing and potential areas and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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