Latest News- Juicer Market: Centrifugal juicer is expected to lead the Product segment during 2024-2028

The Juicer Market is being driven by Rising urbanization and changing consumer lifestyles

The Juicer Market is expected to grow at a CAGR of 38.2% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 9037.6 million. In the juicer market, energy efficiency is a significant consideration for both residential and commercial consumers, as it leads to cost savings and energy conservation. Juicer manufacturers have responded to this demand by integrating energy-efficient equipment and technologies into their production processes. Notable brands, including Panasonic Corp., Electrolux, and Philips, are investing heavily in the development of energy-efficient juicers. Consumers' increasing awareness of eco-friendly and energy-efficient products has driven manufacturers to utilize sustainable raw materials, advanced production techniques, and innovative technologies to create juicers that meet these consumer expectations. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Centrifugal juicer
  • Masticating juicer
  • Triturating juicer
• End-user
  • Residential
  • Commercial
• Geography
  • APAC
    • China
    • India
  • Europe
    • Germany
    • UK
  • North America
    • US
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising urbanization and changing consumer lifestyles
• Rise in number of juice bars
• Rise in discretionary income of consumers

However, the market also witnesses some limitations, which are as follows:

• Fluctuations in raw material prices and operational costs
• Stringent regulations and standards
• Consumer preference for ready-to-drink (RTD) products

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Market Scope in Juicer Market Research Report

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Research Analysis Overview

Title: The Booming Juicer Market: A Healthy Lifestyle Trend in Smart Homes The juicer market is experiencing a surge in demand as more households embrace health consciousness and the desire for nutrient-dense, raw vegetable, raw fruit, and herb-based dietary food items. Juicers have become essential kitchenware segments for those seeking to incorporate more vitamins, minerals, antioxidants, and other essential nutrients into their daily lives. From steam juice extractors and juicing presses to reamers, triturating juicers, multicasting juicers, centrifugal juicers, and electric juicers, the juicer market caters to various preferences and budgets. Televisions shows and social media influencers have popularized this kitchen appliance, with brands like Goodnature leading the way with innovative designs and technology. Fruits and vegetables are the primary focus, with pulp containing valuable nutrients that are often lost during cooking. Juicers extract these nutrients, ensuring a healthy intake of essential vitamins and minerals. As smart homes continue to evolve, juicers are becoming an integral part of modern kitchens, offering a convenient and efficient way to maintain a healthy lifestyle.

Market Research Overview

According to Technavio, the global juicer market is situated within the broader context of the global household durables industry, specifically the household appliances sector. This market segment generates revenue for manufacturers of electric appliances, with household appliances encompassing major and small appliances, hand tools, power tools, and garden improvement tools. Notably, the global household appliances market distinguishes itself from consumer electronics and technology hardware, storage, and peripherals by excluding televisions, audio and video products, and personal computers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/