Global Juices Market 2018-2022
About this market
The demand for products that contain natural ingredients with low calories is increasing among consumers due to the rising trend for health and wellness. This is encouraging manufacturers to produce products based on stevia, which is a natural sweetener and have lower calories in comparison to sugar. Technavio’s analysts have predicted that the global juices market will register a CAGR of over 5% by 2023.
Growing awareness of health-promoting benefits of juices
Consumers around the globe are focusing on improving their digestive health by consuming healthier foods and beverages. They are increasing the intake of active digestive health ingredients such as functional foods and drinks. It helps them to repair skin health, increase energy levels, and build immunity.
Fluctuating prices of raw materials
The production cost of juices is rising due to the high prices of raw materials. Consequently, the juices manufacturers end up incurring high costs while procuring raw materials.
For the detailed list of factors that will drive and challenge the growth of the global juices market during 2018-2022, view our report.
The market appears to be fragmented with the presence of many companies. Factors such as the rising health and wellness trend and growing awareness of health-promoting benefits of juices, will provide considerable growth opportunities to global juices market vendors Fresh Del Monte Produce, Keurig Dr Pepper, Nestlé, PepsiCo, and THE COCA COLA COMPANY are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Juices Market 2018-2022
Technavio recognizes the following companies as the key players in the global juices market: Fresh Del Monte Produce, Keurig Dr Pepper, Nestlé, PepsiCo, and THE COCA COLA COMPANY.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the rising health and wellness trend among consumers.”
According to the report, one driver influencing this market is the growing awareness of health-promoting benefits of juices.
Further, the report states that one challenge affecting this market is the fluctuating prices of raw materials.
Fresh Del Monte Produce
Keurig Dr Pepper
THE COCA COLA COMPANY
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