Global Juicer Market 2018-2022
A juicer is a machine that is used to extract juice from herbs, fruits, leafy greens, and other types of vegetables. The juicer crushes, grinds, and squeezes the juice out of the pulp. A juicer is also called a juicing machine or juice extractor. The market is segmented based on geography, product, and end-users.
Technavio’s analysts forecast the global juicer market to grow at a CAGR of 7.35% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global juicer market for 2018-2022. To calculate the market size, the report considers the revenue generated from the sales of juicer.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Juicer Market 2018-2022
Technavio recognizes the following companies as the key players in the global juicer market: Breville Group, Cuisinart, Hamilton Beach Brands, Koninklijke Philips, and KUVINGS.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is shift in manufacturing to low-cost countries. A substantial portion of home and kitchen appliances are produced in manufacturing-intensive countries. Manufacturers are moving toward low-cost countries such China, South Korea, and other countries in Eastern Europe. China is the world leader in the production of home and kitchen appliances. In the last few years, the gross industrial output of the home appliances segment of the country has registered a healthy growth rate, while exports in the same category grew nearly to 9%. In APAC, China represents more than 60% of the appliances market, with electronic and electrical retailers handling close to 50% of the output.”
According to the report, one of the major drivers for this market is Increased health awareness among consumers. Over the past few years, there has been a significant increase in health issues such as diabetes, obesity, and allergies among consumers, and this has pushed individuals to become more health conscious and follow healthy diets. Consumers are avoiding products that contain artificial ingredients and are purchasing items that have natural ingredients.
Further, the report states that one of the major factors hindering the growth of this market is Availability of packaged juices. The increase in the availability of packaged juices is hindering the market growth of juicers. With the change in consumer lifestyle and preferences, there is a growing demand for ready-to-eat food and beverages. Consumers have an increased tendency to switch to convenient and time-saving methods to attain good health. Despite the high amount of preservatives and artificial content in packaged fruit juices and nectars, the market for these products is growing across different regions and is experiencing a demand from all income segments. While leading FMCG brands are leveraging their established brand equity and distribution channels, several private labels have also started offering packaged juices, and this hinders the purchase of juicers among end-users.
Breville Group, Cuisinart, Hamilton Beach Brands, Koninklijke Philips, and KUVINGS.