Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, the Global Juicer Market Size is Estimated to Grow from USD 2.60 Billion in 2023 to USD 5.14 Billion by 2033, Growing at a CAGR of 7.05% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Juicer Market Size, Share, and COVID-19 Impact Analysis, By Product (Masticating Juicer and Centrifugal Juicer), By Technology (Manual and Electric), By Distribution Channel (Supermarkets & Hypermarkets, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
A machine that extracts juice from a variety of fruits, vegetables, and herbs is called a juicer. The market is expanding significantly due to several important variables that represent shifting customer preferences and behaviors. Growing consumer awareness of health issues, especially among millennials, is one of the main causes. Owing to growing knowledge of the advantages of eating fruits and vegetables, this group is more likely to include fresh juices in their meals as part of a healthy lifestyle. As consumers look for easy ways to make wholesome drinks at home, the movement toward wellness and fitness has increased demand for juicers. The rise of independent and small food businesses is another important reason driving the juicer industry's expansion. These companies are incorporating juicing into their menus more frequently to satisfy health-conscious consumers who favor handcrafted, fresh goods over processed ones. Customers' interest in juicers is further increased by this flood of new competitors, which also increases sales and encourages innovation in product designs and features. However, the market growth rate would be hindered and the juicer market will face additional challenges due to fluctuating raw material prices and operating costs.
The centrifugal juicer segment is anticipated to hold the largest revenue share of the global juicer market through the projected period.
Based on the product, the juicer market is categorized into masticating juicer and centrifugal juicer. Among these, the centrifugal juicer segment is anticipated to hold the largest revenue share of the global juicer market through the projected period. Centrifugal juicers' speed and efficiency over other varieties, such as masticating or cold-press juicers, are among the main reasons people prefer them. Centrifugal juicers also have the major benefit of being easy to operate and clean. Users can insert whole fruits and vegetables into these machines without having to do a lot of chopping or preparation because they frequently have wider feed chutes. Since its easy-to-use design, juicing is less of a chore and is used more frequently.
The electric segment dominated the largest market share of 74.12% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the technology, the juicer market is classified into manual and electric. Among these, the electric segment dominated the largest market share of 74.12% in 2023 and is expected to grow at a significant CAGR during the forecast period. Convenience need is one of the main motivators. Since they make it easy and quick to extract juice, electric juicers are perfect for people with hectic schedules. Electric models can make fresh juice in seconds, which appeals to customers who value efficiency in their daily routines. Manual juicers, on the other hand, need a lot of work and time.
The supermarkets and hypermarkets segment accounted for the largest market share of 30.56% in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the juicer market is divided into supermarkets & hypermarkets, online, and others. Among these, the supermarkets and hypermarkets segment accounted for the largest market share of 30.56% in 2023 and is expected to grow at a significant CAGR during the forecast period. A wide range of consumers can easily access supermarkets and hypermarkets due to their planned placement in urban and rural locations. Shopping for groceries frequently leads to the purchase of kitchen gadgets such as juicers, so this ease encourages impulsive purchases. By allowing customers to physically inspect things, these establishments' juicers help customers feel more confident about their purchases.
Europe is expected to hold the largest share of the juicer market through the forecast period.
Europe is expected to hold the largest share of the juicer market through the forecast period. The growth of health-conscious cafés and juice bars throughout Europe has sparked interest in home juicing. By promoting fresh juices as a component of a healthy lifestyle, these institutions increase consumer knowledge of the advantages of juicing. Consumers are encouraged to duplicate similar experiences at home as a result of this trend, which boosts juicer sales since consumers look to make wholesome drinks in the convenience of their kitchens.
Asia Pacific is predicted to grow at the fastest CAGR of the juicer market over the forecast period. Social media's ascent has been crucial in advancing health trends such as juicing. As consumers try to duplicate these healthful habits at home, this social media effect increases demand for juicers. Increased disposable earnings brought about by the expanding middle class in many Asian nations enable customers to purchase kitchen gadgets such as juicers. The market for both entry-level and high-end juicers is growing as more people can afford high-quality juicing equipment.
Company Profiling
Major key players in the juicer market include Breville Group Ltd, Cuisinart Inc., Electrolux AB, Hamilton Beach Brands Holding Co., Koninklijke Philips N.V., Panasonic Corporation, DeLonghi Spa, Omega Juicers, Hurom America Inc., Midea Retail (PTY) Ltd., Joyoung Co. Ltd., Bajaj Electricals Ltd., Borosil Ltd., Kuvings, SEB SA Co., and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the juicer market based on the below-mentioned segments:
Global Juicer Market, By Product
Global Juicer Market, By Technology
Global Juicer Market, By Distribution Channel
Global Juicer Market, By Regional Analysis
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