Global Fruits & Vegetable Juice Market Outlook, 2023-2028: Shifting Consumer Preferences and Technological Innovations Fueling the $164 Billion Industry - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Fruits & Vegetable Juice Market Outlook, 2028" report has been added to ResearchAndMarkets.com's offering.

The Fruit & Vegetable Juice Market is anticipated to cross USD 164 Billion, increasing from USD 155.78 Billion in 2022. The market is expected to grow at a CAGR of 6.13% by 2023-2028.

Global Fruit and Vegetable Juice Market Set to Expand Driven by Shifting Consumer Preferences and Technological Innovations

The global fruit and vegetable juice market is poised for significant growth as consumer preferences continue to evolve, and technological innovations shape the industry landscape. The increasing consumption of fruit juices, coupled with the adoption of healthier diets, has been a major driver for the market expansion. Additionally, the introduction of cold-pressed juices has garnered attention from health-conscious consumers seeking natural and nutrient-rich options.

The ongoing impact of the COVID-19 pandemic has influenced the market dynamics, including the pricing of vegetables and the demand for natural juices. As grower prices for vegetables experienced a decline in 2020, a growing number of individuals are showing a preference for natural juices. This trend is expected to fuel the growth of the fruit and vegetable juice market in the coming years.

To cater to the rising number of health-conscious consumers and their demand for organic and clean-label products, manufacturers are actively developing and introducing innovative offerings. Notably, in February 2021, Tampico Beverages unveiled a new line of juices featuring flavors such as Beet the Day, Carrot On, and Pump it Up. Such product launches demonstrate the industry's commitment to meeting consumer demands for healthier and more diverse juice options.

The global fruit and vegetable juice market is also witnessing advancements in the technology used to improve the taste and appeal of vegetable juices. While fruit juices have traditionally dominated the market, vegetable juices offer distinct advantages, such as higher mineral content and lower calorie and sugar quantities. Technological innovations will play a crucial role in enhancing the taste profiles of vegetable juices, thereby increasing their popularity among consumers.

As manufacturers continue to address consumer preferences and invest in technological advancements, the global fruit and vegetable juice market is expected to experience significant growth in the foreseeable future. Due to the high incidence of diabetes across the global population, fruit and vegetable juice manufacturers are focusing on producing preservative-free and sugar-free fruit juices, which would drive the market forward during the forecast period.

Recent Developments:

• In March 2023, Indian fruit and vegetable juice company, Manpasand Beverages, announced a $50 million investment to expand its production capacity and distribution network.
• In February 2023, Coca-Cola European Partners announced plans to launch a new organic fruit and vegetable juices line in Europe.
• In January 2023, Spanish fruit and vegetable juice company, Zumosol, announced plans to invest €5 million in a new production plant.

Competitive Landscape

• Competitive Dashboard
• Business Strategies Adopted by Key Players
• Key Players Market Share Insights and Analysis, 2022
• Key Players Market Positioning Matrix
• Porter's Five Forces

Company Profile

• The Coca-Cola Company
• PepsiCo, Inc.
• Nestle S.A.
• Keurig Dr Pepper Inc.
• Ocean Spray Cranberries, Inc.
• Welch's
• Dabur India Limited
• The Kraft Heinz Company
• Ito En, Ltd.
• Archer-Daniels-Midland Company
• National Beverages Corp.
• Ambev S.A.
• Del Monte Pacific Limited
• Refresco Group N.V.
• Driscoll's, Inc.
• Florida's Natural Growers
• POM Wonderful, LLC
• ITC Limited
• Eckes - Granini Group Gmbh
• Campbell Soup Company

Considered in this report

• Geography: Global
• Historic year: 2017
• Base year: 2022
• Estimated year: 2023
• Forecast year: 2028

Aspects covered in this report

• Global Fruit & Vegetable Juice market with its value and forecast along with its segments
• Region-wise Fruit & Vegetable Juice market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

Regions & Countries covered in the report:

• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

By Type

• Fruit Juice
• Vegetable Juice
• Fruit & Vegetable blend
• Nectar

By Distribution Channel

• Supermarket/hypermarket
• Convenience Stores
• Online
• Others (Cafes, Clubs, Restaurant's, Etc.)

For more information about this report visit https://www.researchandmarkets.com/r/b3mj2w

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