Juicer Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR40569
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The juicer market has the potential to grow by USD 700.33 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 7.91%.

This juicer market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (centrifugal juicer, masticating juicer, and triturating juicer), end-user (residential and commercial), and geography (APAC, Europe, North America, MEA, and South America). The juicer market report also offers information on several market vendors, including AB Electrolux, Breville USA Inc., Cuisinart, Groupe SEB, Hamilton Beach Brands Holding Co., Koninklijke Philips NV, Kuvings, Newell Brands Inc., Panasonic Corp., and Sharp Corp. among others.

What will the Juicer Market Size be in 2021?

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Juicer Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The rising urbanization and changing consumer lifestyles are notably driving the juicer market growth, although factors such as fluctuations in raw material prices and operational costs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the juicer industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key features driving the juicer market is the rising urbanization and changing consumer lifestyles.
  • The rapid economic growth in developing countries in APAC, such as China and India, has resulted in a significant increase in the disposable income of consumers.
  • The significant shift in the lifestyles of consumers, owing to the growing urbanization and consumerism has led to a rapid rise in the consumption of homemade products.
  • The growing use of preservatives and other chemicals in packaged food is compelling consumers to look for convenient health-conscious options.
  • The rise in the number of juice bars is another major factor supporting the juicer market share growth.
  • The increase in health consciousness worldwide is encouraging consumers to opt for healthy food items.
  • Juice bars worldwide are planning to increase the number of outlets to expand their volume sales.
  • The informed consumer segment is opting for freshly prepared juices rather than packaged juices that contain copious amounts of sugar and preservatives.
  • Consumers prefer food that is rich in antioxidants, strengthens the immune system, and provides not only physical but also spiritual and mental benefits.

This juicer market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Juicer Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB Electrolux
  • Breville USA Inc.
  • Cuisinart
  • Groupe SEB
  • Hamilton Beach Brands Holding Co.
  • Koninklijke Philips NV
  • Kuvings
  • Newell Brands Inc.
  • Panasonic Corp.
  • Sharp Corp.

 

This statistical study of the juicer market encompasses successful business strategies deployed by the key vendors. The juicer market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The juicer market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Juicer Market?

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43% of the market’s growth will originate from APAC during the forecast period. India and China are the key markets for juicer market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Juicer Market?

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The juicer market share growth by the centrifugal juicer segment will be significant during the forecast period. Centrifugal juicer is the most widely used type of juicer globally, as they are widely adopted among residential users. They are cost-effective and provide a handy alternative in residential applications. The cost of a centrifugal juicer is $40-$200, which is one of the reasons for their high adoption in household applications. With the high acceptance of centrifugal juicers in residential applications, vendors are focusing on providing technologically advanced juicers with multiple functional options. The incorporation of advanced technology is likely to attract more consumers to adopt centrifugal juicers.

This report provides an accurate prediction of the contribution of all the segments to the growth of the juicer market size and actionable market insights on post COVID-19 impact on each segment.

 

Scope of Report

Features

Included Data

Base year for market size assessment

2021

Forecast period

2021-2025

Growth momentum and forecast

Accelerate at a CAGR of 7.91%

Regional analysis

APAC, Europe, North America, MEA, and South America

Key consumer countries

US, China, India, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Electrolux, Breville USA Inc., Cuisinart, Groupe SEB, Hamilton Beach Brands Holding Co., Koninklijke Philips NV, Kuvings, Newell Brands Inc., Panasonic Corp., and Sharp Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Juicer Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive juicer market growth during the next five years
  • Precise estimation of the juicer market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the juicer industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of juicer market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Juicer Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.91%

Market growth 2021-2025

$ 700.33 million

Market structure

Fragmented

YoY growth (%)

6.34

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 43%

Key consumer countries

US, China, India, UK, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Electrolux, Breville USA Inc., Cuisinart, Groupe SEB, Hamilton Beach Brands Holding Co., Koninklijke Philips NV, Kuvings, Newell Brands Inc., Panasonic Corp., and Sharp Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • 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
    • Centrifugal juicer - Market size and forecast 2020-2025
    • Masticating juicer - Market size and forecast 2020-2025
    • Triturating juicer - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Residential - Market size and forecast 2020-2025
    • Commercial - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • AB Electrolux
    • Breville USA Inc.
    • Cuisinart
    • Groupe SEB
    • Hamilton Beach Brands Holding Co.
    • Koninklijke Philips NV
    • Kuvings
    • Newell Brands Inc.
    • Panasonic Corp.
    • Sharp Corp.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    The juicer market growth will increase by $666.87 million during 2019-2024.
    The juicer market is expected to grow at a CAGR of 7.74% during 2019-2024.
    Technavio has segmented the juicer market by product (Centrifugal juicer, Masticating juicer, and Triturating juicer) ,distribution channel (Offline and Online) , and geographic (APAC, Europe, North America, and South America).
    Breville Group Ltd., Cuisinart Inc., Electrolux AB, Hamilton Beach Brands Holding Co., Koninklijke Philips NV, Kuvings, Newell Brands Inc., Panasonic Corp., Groupe SEB, Sharp Corp. are a few of the key vendors in the juicer market.
    APAC will register the highest growth rate of 48.15% among the other regions. Therefore, the juicer market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • China
    • India
    • Germany
    • France
    The key factors driving the juicer market growth are:
    • Rising urbanization and changing consumer lifestyles
    • Growing adoption of closed one-piece ostomy bags
    The juicer market vendors should focus on grabbing business opportunities from the centrifugal juicer segment as it accounted for the largest market share in the base year.
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