LONDON–(BUSINESS WIRE)–Aug 7, 2020–
Technavio has been monitoring the juices market and it is poised to grow by USD 66.13 billion during 2020-2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio has announced its latest market research report titled Global Juices Market 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions-
- Which is the leading segment based on product in the market?
- The fruit juices segment is expected to be the leading segment based on product during the forecast period.
- What is the major trend for market?
- Benefits of cold-pressed juice over traditional juices is a major growth factor for the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 66.13 billion.
- Who are the top players in the market?
- Citrus World Inc., Del Monte Pacific Ltd., Eckes-Granini Group GmbH, Keurig Dr Pepper Inc., Nestle SA, Ocean Spray Cranberries Inc., PepsiCo Inc., Suntory Holdings Ltd., The Coca-Cola Co., and Welch Foods Inc. are some of the major market participants.
- What are the key market drivers and challenges?
- New product launches and benefits of cold-pressed juice over traditional juices are the major factors driving the market. However, the fluctuating prices of raw materials will restrain market growth.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Citrus World Inc., Del Monte Pacific Ltd., Eckes-Granini Group GmbH, Keurig Dr Pepper Inc., Nestle SA, Ocean Spray Cranberries Inc., PepsiCo Inc., Suntory Holdings Ltd., The Coca-Cola Co., and Welch Foods Inc. are some of the major market participants. The launch of new products will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.
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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Juices Market 2020-2024: Segmentation
Juices Market is segmented as below:
- Product
- Fruit Juices
- Vegetable Juices
- Others
- Geography
- Europe
- North America
- APAC
- South America
- MEA
- Distribution channel
Juices Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The juices market report covers the following areas:
- Juices Market Size
- Juices Market Trends
- Juices Market Analysis
This study identifies benefits of cold-pressed juice from traditional juice as one of the prime reasons driving the juices market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
Juices Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist juices market growth during the next five years
- Estimation of the juices market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the juices market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of juices market, vendors
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Fruit juices – Market size and forecast 2019-2024
- Vegetable juices – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline – Market size and forecast 2019-2024
- Online – Market size and forecast 2019-2024
- Market opportunity by Distribution channel
- Geographic segmentation
- Geographic comparison
- Europe – Market size and forecast 2019-2024
- North America – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Impact of COVID-19 pandemic on the market
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Overview
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Citrus World Inc.
- Del Monte Pacific Ltd.
- Eckes-Granini Group GmbH
- Keurig Dr Pepper Inc.
- Nestle SA
- Ocean Spray Cranberries Inc.
- PepsiCo Inc.
- Suntory Holdings Ltd.
- The Coca-Cola Co.
- Welch Foods Inc.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses 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 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 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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INDUSTRY KEYWORD: FOOD/BEVERAGE RETAIL
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 08/07/2020 08:15 PM/DISC: 08/07/2020 08:15 PM
Copyright Business Wire 2020.
