Owing
to changing lifestyles and increasing consciousness among consumers
regarding what they consume, demand for healthy food and beverages is
increasing among the consumers across the globe. Juices are one of
the most preferred beverages among all the demographics across the
world, owing to numerous health benefits and high nutritional
portfolio offered. Vegetable juices contain anti-oxidants and
vitamins that helps in improving and maintaining the health of
individuals. As the lifestyle of individuals is changing globally,
vegetable juices have found a place in daily meal, as demand for
healthy beverages is increasing globally. Vegetable juice possesses
numerous phytonutrients, phenolic compounds, and antioxidants that
helps to remove free radicals from the body, improving blood
circulation, boost immune system etc.
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Vegetable
juice market is expected to increase by substantial CAGR over the
forecast period, owing to increasing inclination of consumers towards
choosing healthy beverages. Owing to increasing disposable income
across the Asia Pacific countries, vegetable juice market is expected
to increase by significant CAGR over the forecast period. Vegetable
juices are becoming more popular among millennial across the globe
and witnessing significant growth from past few years and are
expected to continue the same trend in upcoming years as well.
Vegetable
Juice market: Drivers, Restraints, and Trends
In
the recent years, increasing number of millennial are getting health
conscious across the globe and is expected to increase over the
forecast period, leading to the growth of vegetable juice market over
the forecast period. In many developed regions such as Europe,
Canada, the U.S., vegetable juice market is booming, owing to a
couple of reasons such as high disposable income, health-conscious
individuals and health benefits and nutritional portfolio of
vegetable juices. Millennial demographic of the world is increasingly
inclined towards healthy food and beverages, which is a factor
driving the growth of vegetable juice market. Changing lifestyles, an
influence of social media and internet, increasing social awareness,
is also expected to drive sales of vegetable juice market. Because of
health benefits associated with vegetable juice, people are
preferring to consume vegetable juice, which is driving the growth of
the vegetable juice market and this is expected to continue over the
forecast period.
On
the other side, cross-contamination of raw unprocessed juices and
poor packaging could impede the vegetable
juice market’s trajectory over the forecast period and
affect the sales of Vegetable Juice market. In addition, relatively
high prices of vegetable juice also limit the scope of the sales and
could possibly hamper the growth of vegetable juice market to an
extent.
Shifting
focus of individuals towards healthy food and beverages consumption
is trending. Also, increasing number of individuals in North America
and Europe are preferring to buy organic food products irrespective
of high prices.
Vegetable
Juice Market: Regional Outlook
On
the basis of region, vegetable juice market is segmented into five
different regions: North America, Latin America, Europe, Asia Pacific
and MEA. Among these regions, Europe and North America are expected
to have the major value share of vegetable juice market globally, as
both of these regions accounts for relatively high consumption of
vegetable juice. The Latin America Vegetable Juice market is expected
to grow significantly over the forecast period, but is anticipated to
account for a lower growth rate than the APAC region, owing to a
greater number of emerging economies in APAC. In Asia Pacific region
the countries like China, Japan, India and Australia are generating
the major revenue. The APAC Vegetable Juice market is estimated to
account for relatively high value CAGR over the forecast period,
owing to a larger consumer base, combined with a higher number of
retail outlets than any other region.
Vegetable
Juice Market: Key Players
Some
of the key players in Vegetable Juice market are Biotta, Campbell
Soup Company, Naked Juice Company, Suja Life, LLC, Motts, LLP.,
Evolution fresh, and other regional players.
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