Global Juicer Market 2020-2024 | Adoption of Smart Juicers to Boost Market Growth | Technavio
February 20 2020 - 7:00AM
Business Wire
The juicer market is expected to grow by USD 666.87 million
during 2020-2024, according to the latest market research report by
Technavio. Request a free sample report
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Technavio has announced its latest market
research report titled Global Juicer Market 2020-2024 (Graphic:
Business Wire)
The growing health consciousness among consumers is encouraging
them to consume healthy food and beverage items such as fresh fruit
and vegetable juices. In addition, as packaged juices are known to
contain copious amounts of sugar and preservatives, consumers are
more inclined to opt for fresh juices. Various foodservice
establishments and juice bars are expanding their offerings with
different types of fruit and leafy vegetable juices. Moreover, most
juice bars worldwide are planning to increase the number of outlets
to expand their volume sales. For instance, in April 2019, Nékter
Juice Bar, which offers different types of fruit and leafy
vegetable juices, announced plans to expand its outlets to more
than 400 locations by 2020. Thus, increasing health consciousness
and the rise in the number of juice bars will boost the demand for
juicers over the forecast period.
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As per Technavio, the growing adoption of smart juicers will
have a positive impact on the market and contribute to its growth
significantly over the forecast period. This research report also
analyzes other significant trends and market drivers that will
influence market growth over 2020-2024.
Juicer Market : Growing Adoption of
Smart Juicers
Vendors are introducing smart juicers to cater to the growing
demand for innovative juicer products with advanced features. These
smart juicers are not only aesthetically appealing but also
user-friendly. These juicers are gaining prominence due to the
adoption of smart connectivity as they can be controlled using a
mobile app and enable users to access food and drink recipes. Smart
juicers are equipped with alerts to detect faults with the
appliance and offer enhanced safety. In addition, smart juicers
also offer several features, such as mobile app control, food and
drink recipes, the ability to extract the juice directly into a
variety of glass and container sizes and an adjustable mode
according to the type of fruit or vegetable being juiced. Thus,
with the availability of such advanced functionalities in smart
juicers, the market for juicers is expected to showcase a positive
outlook during the forecast period.
“Factors such as the rising focus on the
manufacture of energy-efficient and lightweight juicers, and the
increasing online sales will have a positive impact on the growth
of the juicer market value during the forecast period,” says a
senior analyst at Technavio.
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Juicer Market: Segmentation
Analysis
This market research report segments the juicer market by
product (centrifugal juicer, masticating juicer and triturating
juicer), end-user (residential and commercial), and geography
(APAC, Europe, MEA, North America and South America).
The APAC region led the juicer market in 2019, followed by
Europe, North America, MEA and South America. During the forecast
period, the APAC region is expected to register the highest
incremental growth due to factors such as the growing trend of
fitness and health consciousness among the populations of India and
China.
Technavio’s sample reports are free of charge and contain
multiple sections of the report, such as the market size and
forecast, drivers, challenges, trends, and more. Request a free
sample report
Some of the key topics covered in the report include:
Product
- Centrifugal juicer
- Masticating juicer
- Triturating juicer
End-user
Geographic segmentation
- APAC
- Europe
- MEA
- North America
- South America
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focus on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio’s report library
consists of more than 17,000 reports and counting, covering 800
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Fortune 500 companies. This growing client base relies on
Technavio’s comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
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Technavio Research Jesse Maida Media & Marketing Executive
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