Global Commercial Electric Juicing Machines Market 2017-2021
About Commercial Electric Juicing Machines
The market is primarily driven by the increasing popularity of commercial electric juicing machines, which can save both time and manual labor, and hence are very helpful for commercial establishments that process large quantities of fresh juices on a daily basis. For instance, Ceado's commercial electric centrifugal juicing machine model ES700 can extract more than 260 pounds of fruit and vegetable juices in an hour. Driven by the growing demand for healthy and fresh fruit and vegetable juices, many foodservice establishments that serve fresh juices are planning to expand their presence around the world by adding new outlets. For instance, Kendall Langford's Juice Bar opened its new outlet in Indiana, US, in 2016. In 2015, Boost Juice opened around seven new stores in Australia, and announced its plans to open around eight new stores in the country by 2016.
Technavio’s analysts forecast the global commercial electric juicing machines market to grow at a CAGR of 5.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial electric juicing machines market for 2017-2021. To calculate the market size, various end-user segments, which include juice bars, cafes, restaurants, bakeries, hotels, clubs and pubs, and catering companies, have been considered.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Electric Juicing Machines Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial electric juicing machines market: Omega Products, Robot Coupe, Santos, and Waring.
Other Prominent Vendors in the market are: Crown Pacific Global, Ceado, Champion Juicer, Nutrifaster, Sammic, Samson Life, Semak Australia, Zumex Group, and Zummo.
Commenting on the report, an analyst from Technavio’s team said: “One trend in market is increasing focus on using nylon composites in juicing machines. With a focus on increasing the durability of commercial electric juicing machines, many vendors operating in this space have started using strong and long-lasting raw materials. Most commercial electric masticating juicing machines have a plastic body, which can become brittle when subjected to high pressure. To address this issue, vendors are now coming up with better raw materials that are more durable and stronger. For instance, Champion Juicer's commercial masticating juicing machines are constructed using nylon composites. Since nylon composites are more durable in comparison to plastic (even under high pressure), the use of this raw material makes the appliances shatterproof. Nylon composites are also approved by the Food and Drug Administration (FDA) with respect to their usage in food processing equipment. Concerns regarding the presence of bisphenol-A (BPA) can also be eliminated by using nylon composites. Omega Products' commercial masticating juicer model TWN30S Twin Gear Juicer makes use of gears that are made up of BPA-free nylon composites.”
According to the report, one driver in market is high profit margins for end-users. End-users like juice bars and other foodservice establishments can make significant profit margins by using high-quality commercial electric juicing machines, as the cost of these appliances can be recovered in just a few weeks' time. For instance, the average price to produce a liter of fresh orange juice is $3.5, while the average selling price of the same is around $10. This translates to over 60% profit on every liter of fresh orange juice that is sold. Owing to such high profit margins, many foodservice establishments such as juice bars and cafes, where the juice consumption is significantly high, can recover the equipment cost in about a month's time. The high profit margins encourage many prospective foodservice operators to start a fresh juice business.
Further, the report states that one challenge in market is prevailing market for manual and refurbished juicing machines. In the global juicing machines market, manual juicers have a significant contribution as many foodservice establishments, particularly the price-sensitive ones, still use manually operated juicers. This can primarily be attributed to the low cost of manually operated appliances in comparison to their automated counterparts. While manually operated juicers are priced between $20 and $300, commercial electric juicing machines are priced between $150 and $6,000. Although manual appliances require more labor and are susceptible to cross-contamination, most smaller independent foodservice establishments, where the demand for freshly prepared juices is comparatively less, tend to buy manual juicers. These manual juicers are significantly popular in many developing economies where the electricity supply is intermittent and labor costs are not very high. In addition, some vendors also provide refurbished juicing machines, which can further hamper the sales of new units of commercial electric juicing machines. For instance, Omega Products offers refurbished commercial masticating juicing machine model 8006 Nutrition System Juicer, which is priced around $200, while a similar new unit is priced around $300.
Thermo Fisher Scientific, Corning, BOROSIL, PerkinElmer, Bellco Glass, Duran Group, Crystalgen, Kimble Chase Life Science and Research Products, VITLAB, Citotest Labware Manufacturing, Eppendorf, and WHEATON.
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