Cold Pressed Juices Market-Overview
Cold-pressed juice is prepared with a hydraulic press that uses a lot of pressure to extract as much juice as possible from fresh fruits and vegetables. To preserve the nutrients often lost during pasteurization, the technique does not require additional oxygen or heat. Healthy food products have become an important aspect of the new lifestyle, which is expected to drive the worldwide cold-pressed juice market over the review period. As per the reports by MRFR, the cold-pressed juices market is projected to attain a market size of USD 3.50 Billion and is expected to exhibit a CAGR of 9.50% by 2023.
The global market for cold-pressed juice has been increasing fast, owing to increased awareness of healthy lifestyles among people all over the world. The global cold-pressed juice market is expected to rise as people’s lifestyles, and eating habits change. In addition, factors such as increased demand for Clean-Label beverages and growing demand for convenient beverage options are likely to boost market performance in the next years. However, the high prices and complicated procedures involved with these liquids are expected to stifle market expansion.
Segment Analysis
The segmental study of the market for cold-pressed juice is divided into segments based on type, distribution channel, category, and region. By category, the cold-pressed juice market is split into organic and conventional. Based on the distribution channel, the cold-pressed juice market for cold-pressed juice is divided into non-store-based and store-based. Based on type, the cold-pressed juice market for cold-pressed juice is split into blends, vegetables, and fruits.
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Regional Analysis
The regional overview of the market for cold-pressed juice includes regions such as North America, South America, Europe, Asia-Pacific, and the Middle East & Africa. The North American regional market for cold-pressed juice accounted for the largest market share and is likely to record a robust CAGR over the review timeframe. At present, the regional market holds the maximum market share of around owing to its influence as a hub for cold-pressed juice manufacturers. Furthermore, the increased intake of organic juice is one of the principal factors causing traction in the US’s national market. The growth of a wide range of products and increased publicity activities by leaders in the cold-pressed juice market are projected to boost the regional market’s performance over the projected era. The Asia-Pacific regional cold-pressed juices market is likely to exhibit worthy growth over the projected timeframe. Additionally, the upgrading of juice processing technologies and increased focus on preventative healthcare are projected to impact the regional market’s growth positively.
Competitive Analysis
Commonly held preconceptions about customer and employee tactics, where the competition will come from, and where growth can be created must all be challenged to achieve overall market growth. Long-term risk management is more important than ever, but it’s often disregarded. Understanding the forces of disruption and the ensuing patterns continues to evolve as more firms prioritize disruption. The risks indicated in regulatory-mandated company risk disclosures often contain long-term strategic issues. The risks addressed by corporate risk management departments, primarily shorter-term operational threats, are significantly different. Revamping all touchpoints and internal stakeholders’ roles and responsibilities are expected to boost the market even more shortly.
The prominent companies in the global cold-pressed juice market include Greenhouse Juice Co., Bolthouse Farms Canada Inc., Evolution Fresh, PepsiCo Inc., Hain Celestial Group, Liquiteria Inc., CEDAR Juices, Suja Life, LLC, and several others.
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Industry Updates:
Sep 2021 At its Chatham factory, one of the UK’s largest producers of cold-pressed juice drinks is investing £1.1 million in a new addition. The Juice Executive, which supplies leading organic stores and hospitality and its web brands, has finished construction on a high-care juice manufacturing facility that will increase capacity by five times. The investment follows a year of exceptional growth for the company. Own-brand sales increase by 100 percent and wholesale revenue reaches new highs as the economy recovers.
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