DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3ccbhl/global_juice) has announced the addition of the "Global Juice Extractor Market 2015-2019" report to their offering.
The report forecasts the global juice extractor market to grow at a CAGR of 4.52% over the period 2014-2019.
Global Juice Extractor Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the APAC, Europe, North America, and ROW; it also covers the landscape of the global juice extractor market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
The increased consciousness in consumers about their health and well-being is a major incentive for consumers to increase their juice consumption. While the market is flooded with packaged juices and beverages, consumers are gaining awareness of the health issues arising from the excess use of these products. Media and health journals warn consumers about the excessive consumption of preservative-laden food products.
The increased awareness coupled with innovations in product offerings are major factors propel the market for juice extractors during the forecast period. In developed regions, these products have sustained demand due to better awareness, while the penetration in emerging regions is gradually increasing on account of factors such as increased disposable income and better living standards.
According to the report, manufacturers are forming strategic alliances with other companies to bolster their presence in the market. For instance, Jarden acquired Oster and Sunbeam Products to leverage their popularity as manufacturers of juice extractors. This trend is likely to continue with the influx of more large enterprises in the industry. Through this process, the acquirer can attain an advantage in weak business areas and attain newer customers for the brand by sharing their competencies with smaller vendors.
Further, the report states that there is little awareness about juice extractors, as they are relatively new in the market. As spending on juice extractors is a discretionary expenditure, people will spend on them only after they gain awareness about their advantages.
- Jarden Consumer Solutions
Other prominent vendors
- Hamilton Beach Brands
For more information visit http://www.researchandmarkets.com/research/3ccbhl/global_juice