Juices Market 2024-2028: Size and Fluctuating prices of raw materials; growth driven by the Product, Some of key Companies Positioned Strategically

The juices market size by Product (Fruit juices, Vegetable juices, and Others), Distribution Channel (Offline and Online), and Geography (Europe, North America, APAC, South America, and Middle East and Africa), is forecast to increase by USD 109.4 billion. The market is expected to grow at a CAGR of  almost 8.4% between 2024 and 2028.

• In the juices market, the primary inputs consist of fruits, vegetables, sugar, and various other ingredients. Fluctuations in the pricing of these raw materials significantly impact the production costs for juice manufacturers. Consequently, they face substantial expenses when sourcing essential components. External factors, such as inclement weather, national crises, natural disasters, and supply disruptions, further complicate the procurement process. These uncertainties hinder the introduction of innovative product varieties and limit manufacturers' ability to enhance the taste and quality of their offerings. The subsequent rise in product prices can deter consumer purchases, ultimately affecting market performance.
• The juices market represents a significant business opportunity, with increasing consumer preference for healthier beverage options. Market research indicates robust growth, driven by factors such as rising health consciousness, changing demographics, and innovative product development. Key players are focusing on product differentiation through organic, functional, and fortified offerings, while also prioritizing sustainable sourcing and eco-friendly packaging. The market is expected to remain competitive, with strategic partnerships, mergers and acquisitions, and pricing strategies playing key roles in market share acquisition.

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Some of the Key Companies:

• Archer Daniels Midland Co.
• BevNET.com Inc.
• Binghatti Holding Ltd.
• Bostan Juice
• Campbell Soup Co.
• Citrus World Inc.
• Dabur India Ltd.
• Eckes Granini Group GmbH
• Keurig Dr Pepper Inc.
• Motts LLP
• National Beverage Corp.
• National Council of Farmer Cooperatives
• Nestle SA
• NutriAsia Inc.
• Ocean Spray Cranberries Inc.
• PepsiCo Inc.
• Suntory Holdings Ltd.
• The Coca Cola Co.
• Vilore Foods Co. Inc.
• WILD Flavors and Specialty Ingredients USA Inc.

Contacts

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