Vegetable Juice Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Conventional, Organic), By Packaging (Bottles, Carton, Others), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Online Retail, Others), And By Geography - Forecasts From 2022 To 2027
- Published : Aug 2022
- Report Code : KSI061613833
- Pages : 146
The global vegetable juice market was valued at market size worth US$ 35.614 billion in 2020.
Vegetable juice is often made primarily of blended vegetables and is gaining popularity among the millennial population around the globe. Change in consumer taste and preference and adoption of a healthier lifestyle is expected to drive the market's growth during the forecast period. In addition, rising disposable income in developing economies is anticipated to boost the market's growth in the coming years. Also, the food and beverage industry has an ocean of opportunities in packaging and shelf-life enhancement for the processed food industry. There is a direct relationship between the industry and the growth in the processed food industry; the scope of growth also widens up for the disinfection industry. However, stringent government regulations can be one of the biggest challenges for the market. Furthermore, carrot and beetroot juices are gaining popularity on account of the growing consumption of these juices as a part of a normal diet. Also, these juices are a great source of fiber, iron, and vitamin C, which have health benefits, including improved blood flow and lower blood pressure. The advent of vegetable blends has been attracting new players and is positively impacting the industry to a large extent owing to its additional nutritional quantities associated with it. Since these products provide nutritional value additions, they are preferred by a large majority of the population. In many instances, fruit juices are incorporated as a part of the daily breakfast routine as they provide a daily quota of minerals and vitamins in one serving. With an increased number of consumers globally following the trend of healthier lifestyles, the demand for fruit juices has increased tremendously, causing manufacturers to develop new variants.
Safety packaging techniques are boosting the demand for vegetable juice
The demand for the packaging of vegetable juice is expected to increase on account of the convenience and reusability of bottles which led to the development in the consumption of bottled vegetable juice. The growing packaging industry is estimated to propel further the growth rate of the bottled vegetable juice processing market. Furthermore, technological advancements such as automation in relation to packaging equipment are estimated to further aid the growth of advanced solutions during the forecast period. The innovation of packaging technology to boost cost-efficiency is projected to improve the demand for bottled vegetable juice packaging in the coming years. Moreover, product innovation in relation to the application of environmentally friendly packaging materials is poised to propel the growth rate of the packaging materials of packed vegetable juices.
Cold-pressed juice is gaining traction
Cold-pressed technology uses a hydraulic press technique to extract the juice from vegetables and preserve the vitamins, enzymes, and minerals of the product. Rising consumer demand for healthy and nutritious foods results in increased demand for cold-pressed juice. Health-conscious individuals, coupled with the effective health benefits and nutritional products of vegetable juices, are further boosting the demand for juices over the forecast period.
By packaging, bottle form is anticipated to hold a significant share in the market
Vegetable juice has created a significant shift for beverage producers in recent years, and in order to deliver sound and convenient forms of beverage, selecting an effective form of packaging plays an important role. The bottle-filled vegetable juice is easy to handle, resalable, and shock-resistant and also a good way of standing out from the competition on the shelf with a new way in the refrigerated beverage market. Also, bottles are well suited to vegetable juice with high added value. Companies are increasingly investing in product launches to cater to the growing demand for vegetable juice in various parts of the world. Furthermore, two types of bottles that can be used are glass and plastic bottles. Glass bottles have not gained widespread acceptance compared to plastic bottle, which is considered the better alternative. Nevertheless, with the growing environmental concerns market is expected to witness a gradual shift from a plastic form of packaging. Besides, the increasing urban population also increases the demand for vegetable juice. The shift in consumer preference against the use of food preservatives directly drives the market's growth during the forecast period.
Based on geography, Europe is expected to hold a leading position in the global vegetable juice market. The growing adoption of the modern lifestyle and high-income levels of consumers in the North American and European regions have led to a rise in the demand for on-the-go vegetable juices. In contrast, the Asia Pacific region is anticipated to witness exponential growth because of growing disposable income in countries like China and India, coupled with the rising internet penetration in the region.
By distribution channel analysis
The countries like China and India have secured their status as the global hub for trade and commerce and also provides one of the world's most business-friendly regulatory environment for domestic companies. The online retailing business is now stabilizing into a mature market as consumers today possess advanced internet accessibility in the country. The major online retailing players, such as Amazon, Alibaba, and eBay, are witnessing a significant increase in sales, and grocers around the globe are now stepping up their efforts by investing substantially to provide a wide array of products, better delivery, and services. All such factors are driving the growth of the online retailing business in various parts of the world. Furthermore, COVID-19 impact on the online supply side indicates that the demand for food and consumer products witnesses a significant increase. Consumers today are involved more in online shopping as the time they spend at home increases which are triggering enormous opportunities for e-commerce companies that will further augment the growth of the instant coffee market. Besides, the long-term market is expected to see a positive catalytic impact due to COVID-19 as it is expected to increase the number of internet users.
The overall vegetable juice industry is highly competitive. It offers various opportunities for new entrants owing to a continuous shift in consumer preferences towards a healthy lifestyle. Also, as consumers are becoming more aware of the health benefits associated with vegetable juice, the overall market growth opportunities are widening for vegetable juice producers in various parts of the world. Besides, in this market, factors such as territorial market size, competition intensity, capacity, development of demand through marketing, and local infrastructure are projected to influence the whole value chain of the product. In addition, companies are directly involved in retailing and are investing in marketing strategies to benefit from the growing market. Furthermore, consumer buying behaviour has been reshaped in recent years with growing varieties, and online retailing discount offers have impelled consumers to prefer online retail. Prominent/major key market players in the global vegetable juice market include Biotta, Dabur, Campbell Soup Company, Naked Juice Company, Suja Life, Evolution Fresh, Ito En, Ltd, and Coca-Cola Company, among others. The number of players in the vegetable juice market is vast. It is growing with the opportunity to generate significant revenues because of growing demand in various parts of the world. The players in the global vegetable juice market are implementing various growth strategies like marketing and online discount schemes to gain a competitive advantage over their competitors in this market. Major market players in the global vegetable juice market have been exhaustively covered, along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last few years. The company profiles section details the business overview, financial performance (public companies), strategies, key products, and services being offered, along with the recent deals and investments of these important players in the global vegetable juice market.
- Dabur's premier brand Real Activ debuted fruit and vegetable juice in carton packaging in April 2021 to promote immunity, stomach, and heart health. Apple, Beetroot + Carrots, Spinach + Cucumber, Orange + Carrot, and Fibre + multi-fruit are among the flavors available.
- Nestlé introduced the all-new Orchard Fruit & Veggie Medleys brand in July 2019, which is 100 percent juice with no added sugar.
COVID-19 Impact on Vegetable Juice Market
Vegetable juice intake has expanded worldwide as a result of the recent COVID-19 epidemic, owing to the health advantages. This was due to the fact that people grew more conscious of their health. There was a shift in consumer purchasing habits. According to a survey released in 2020 by the International Food Information Council Foundation and the American Heart Association, 95 percent of Americans seek healthy food options on a regular basis. In the coming years, the rising consumption of healthy meals and beverages is expected to sway consumer preference toward juices. Consumers chose e-commerce websites over retail stores because they were hoarding fruit and vegetable juice for in-home consumption due to the closing of some retail locations.
Vegetable Juice Market Scope:
|Market size value in 2020||US$35.614 billion|
|Growth Rate||CAGR of during the forecast period|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Type, Packaging, Distribution Channel, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Biotta Juices, Lakewood, Inc, Dabur, Campbell Soup Company, Naked Juice Company, Suja Life, LLC, Evolution Fresh., Coca-Cola Company, Ito En, Ltd., Pomona Organic Juices|
|Customization scope||Free report customization with purchase|
- By Type
- By Packaging
- By Distribution Channel
- Convenience stores
- Online Retail
- By Geography
- North America
- United States
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
- North America
Frequently Asked Questions (FAQs)
Q1. What is the size of the global vegetable juice market?
A1. Vegetable Juice Market was valued at US$35.614 billion in 2020.
Q2. Who are the major players in the vegetable juice market?
A2. Prominent/major key market players in the global vegetable juice market include Biotta, ITC, Dabur, Campbell Soup Company, Naked Juice Company, and Coca-Cola Company, among others.
Q3. How is the global vegetable juice market segmented?
A3. The vegetable juice market has been segmented by type, packaging, distribution channel, and geography.
Q4. What factors are anticipated to drive the vegetable juice market growth?
A4. Change in consumer taste and preference and adoption of a healthier lifestyle is expected to drive the vegetable juice market growth during the forecast period.
Q5. Which region holds the largest market share in the vegetable juice market?
A5. By geography, Europe is expected to hold the largest share in the global vegetable juice market.
1.1. Market Overview
1.2. Covid-19 Scenario
1.3. Market Definition
1.4. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. The Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Global Vegetable Juice Market Analysis, By Type
6. Global Vegetable Juice Market Analysis, By Packaging
7. Global Vegetable Juice Market Analysis, By Distribution Channel
7.3. Convenience stores
7.4. Online Retail
8. Global Vegetable Juice Analysis, by Geography
8.2. North America
8.2.1. North America Vegetable Juice Market Analysis, By Type, 2020 to 2027
8.2.2. North America Vegetable Juice Market Analysis, By Packaging, 2020 to 2027
8.2.3. North America Vegetable Juice Market Analysis, By Distribution Channel, 2020 to 2027
8.2.4. By Country
220.127.116.11. United States
8.3. South America
8.3.1. South America Vegetable Juice Market Analysis, By Type, 2020 to 2027
8.3.2. South America Vegetable Juice Market Analysis, By Packaging, 2020 to 2027
8.3.3. South America Vegetable Juice Market Analysis, By Distribution Channel, 2020 to 2027
8.3.4. By Country
8.4.1. Europe Vegetable Juice Market Analysis, By Type, 2020 to 2027
8.4.2. Europe Vegetable Juice Market Analysis, By Packaging, 2020 to 2027
8.4.3. Europe Vegetable Juice Market Analysis, By Distribution Channel, 2020 to 2027
8.4.4. By Country
18.104.22.168. United Kingdom
8.5. The Middle East and Africa
8.5.1. Middle East and Africa Vegetable Juice Market Analysis, By Type, 2020 to 2027
8.5.2. Middle East and Africa Vegetable Juice Market Analysis, By Packaging, 2020 to 2027
8.5.3. Middle East and Africa Vegetable Juice Market Analysis, By Distribution Channel, 2020 to 2027
8.5.4. By Country
22.214.171.124. Saudi Arabia
8.6. Asia Pacific
8.6.1. Asia Pacific Vegetable Juice Market Analysis, By Type, 2020 to 2027
8.6.2. Asia Pacific Vegetable Juice Market Analysis, By Packaging, 2020 to 2027
8.6.3. Asia Pacific Vegetable Juice Market Analysis, By Distribution Channel, 2020 to 2027
8.6.4. By Country
126.96.36.199. South Korea
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Biotta Juices
10.2. Lakewood, Inc
10.4. Campbell Soup Company
10.5. Naked Juice Company
10.6. Suja Life, LLC
10.7. Evolution Fresh.
10.8. Coca-Cola Company
10.9. Ito En, Ltd.
10.10. Pomona Organic Juices
Naked Juice Company
Suja Life, LLC
Ito En, Ltd.
Pomona Organic Juices
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