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The juice market is a multi-billion dollar powerhouse, brimming with fresh (and not-so-fresh) options for health-conscious consumers. But what's the current state of this industry, and where is it headed? Let's break down the pulp and explore the key trends, challenges, and opportunities in the ever-evolving juice market.
Carbonated soft drinks, bottled waters, juices & nectars, dairy-based and dairy alternative beverages, RTD tea and coffee, and energy drinks are the different non-alcoholic beverages. The sugar-free category is gaining significant traction among consumers due to rising health concerns and the high prevalence of obesity, diabetes, and heart diseases in various countries across the globe.
The non-alcoholic beverages market is expected to grow from US$ 1,247.20 billion in 2021 to US$ 1,888.57 billion by 2028. It is estimated to grow at a CAGR of 6.2% from 2022 to 2028.
The juice market, encompassing both fruit and vegetable juices, is a billion-dollar beverage sector brimming with potential. From breakfast staples to health-conscious on-the-go drinks, juices offer a convenient and delicious way to pack in essential nutrients. Let’s delve into the juicy details of this industry, exploring its size, growth rate, trends, and future outlook.
The global market for cold-pressed juice achieved a valuation of approximately US$ 8.87 billion by the close of 2023. Projections indicate a steady Compound Annual Growth Rate (CAGR) of 5.5%, with expectations of reaching an impressive valuation of US$ 16.83 billion by the year 2033. The cold-pressed juice market has experienced significant growth in recent years, reflecting a rising consumer preference for healthier beverage options. Cold-pressed juices are extracted using hydraulic presses, which retain more nutrients and enzymes compared to traditional juice extraction methods involving heat. The market is characterized by a surge in demand for natural and organic products, with consumers increasingly prioritizing health and wellness. This trend is further fuelled by concerns about added sugars and artificial additives in conventional beverages.
Healthy smoothies can be made with the use of raw fruits, vegetables, dairy products, etc. especially from using mineral, vitamin, and fiber-rich products. Smoothies are drinks made by blending this ingredient together forming a thick base. Healthy smoothies can be availed in fresh and packed form. It is very healthy and contains protein, carbohydrates, and healthy fats required in the body. It can be consumed for staying healthy and is also considered for weight management.
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The global fruit and vegetable canning, pickling, and drying market was valued at around $200 billion in 2017. Download sample: https://www.thebusinessresearchcompany.com/sample.aspx?id=243&type=smp