Global Juice Extractor Market 2015-2019
About juice extractor
A juice extractor is a device that is used to extract juice from fruits, vegetables, and even from nuts, seeds, and meat. Unlike a juicer, which is used for juicing soft fruits and vegetables, a juice extractor can perform more functions due to the high power of its motors, which can be as high as 1500W. There are mainly three types of juice extractors: centrifugal, masticating, and triturating. Of these, centrifugal juice extractor is the most common among end-users. This report focusses on juice extractors used by the residential segment.
The increased consciousness in consumers about their health and well-being is a major incentive for consumers to increase their juice consumption. While the market is flooded with packaged juices and beverages, consumers are gaining awareness of the health issues arising from the excess use of these products. Media and health journals warn consumers about the excessive consumption of preservative-laden food products. The increased awareness coupled with innovations in product offerings are major factors propel the market for juice extractors during the forecast period. In developed regions, these products have sustained demand due to better awareness, while the penetration in emerging regions is gradually increasing on account of factors such as increased disposable income and better living standards.
Technavio's analysts forecast the global juice extractor market to grow at a CAGR of 4.52% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global juice extractor market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the sales of juice extractors to the residential segment.
Technavio's report, Global Juice Extractor Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC, Europe, North America, and ROW; it also covers the landscape of the global juice extractor market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. Key regions
Technavio Announces the Publication of its Research Report – Global Juice Extractor Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Juice Extractor Market: Breville, Cuisinart, Jarden Consumer Solutions, Kuvings and Philips
Other Prominent Vendors in the market are: Hamilton Beach Brands, Havells, Kenwood, and Waring.
Commenting on the report, an analyst from Technavio’s team said: “Increased urbanization translates to demand for innovative kitchen appliances. It can also lead to an increase in disposable incomes, putting consumers in a better financial position to spend on major consumer appliances, especially those which help with cooking and support better eating and lifestyle habits. Globally, there has been greater urbanization. ”
According to the report, manufacturers are forming strategic alliances with other companies to bolster their presence in the market. For instance, Jarden acquired Oster and Sunbeam Products to leverage their popularity as manufacturers of juice extractors. This trend is likely to continue with the influx of more large enterprises in the industry. Through this process, the acquirer can attain an advantage in weak business areas and attain newer customers for the brand by sharing their competencies with smaller vendors.
Further, the report states that there is little awareness about juice extractors, as they are relatively new in the market. As spending on juice extractors is a discretionary expenditure, people will spend on them only after they gain awareness about their advantages.
Breville, Cuisinart, Jarden Consumer Solutions, Kuvings, Philips, Hamilton Beach Brands, Havells, Kenwood, Waring.
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