Organic Juices Market is Estimated to Grow at a CAGR Over 9.4% from 2018 to 2023
Global Organic Juices Market Research Report: Information by Source (Vegetable Juices, Fruit Juices, And Others), by Certificate (100% Organic, And 95% Organic), Distribution Channel (Store-Based and Non-Store Based) and Region – Forecast till 2023
pune, India – April 24, 2018 /MarketersMedia/ —
Market Overview:
Global organic juices market is projected to grow at CAGR of 9.4% backed by growing demand for healthy juices, various diet trends and increasing variety of mixed organic juices that are the key growth drivers responsible for the growth of global organic juice market. Growing awareness about healthy lifestyle and juices enriched with various nutrients has also boosted the sales of Organic Juices.
Globally, with huge demand for healthy organic juices, this market will continue to grow, due to increasing health awareness in recent years. Key players are investing in R&D for innovating product line as organic juice market’s growth is directly proportional to the scope of innovation due to a highly competitive market. Moreover, key players are also investing in partnership with various food chains as the main focus area is to grow the consumer base. Due to the increasing working class population and disposable income, there is rise in the demand for healthy and organic juices.
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Increasing number of health cognizant consumers in developed economies, is one of the driving forces for this market. Key players are also investing in R&D so as to focus on development of new product line with improved formulations. Organic juices such as exotic fruits, added with herbs & spices, and others are consumed by many consumers. Organic juices help in enhancing metabolism, strengthen the immune system, solve gastric issues which are faced by many now-a-days, hence consumers are trying to find natural remedies for health problems. Organic juices are loaded with antioxidants, therefore, are good for skin and hair. Hence, this market will grow at a CAGR of 7.4%
The major competitors in this market are inclined to increase their footprint across the world by acquiring local and regional players. Apart from this, the companies are introducing their products in the developing economies in order to penetrate the untapped market. Major players are also investing in R&D initiatives especially to develop superior & high quality products by incorporating healthy ingredients such as herbs, nuts & seeds and others. This factor will help them to penetrate the emerging organic juices markets and fulfill the growing demand. Improving economic conditions in Europe region is driving the growth of this market, especially in countries like the Netherlands and France.
Major Key Players:
This report includes a study of strategies such as mergers and acquisitions, product launches by the major organic juices market players. It further includes product portfolios, developments of leading major players which includes
Hain Celestial Group (U.S.)
Suja Life, LLC (U.S.)
Organic Valley (U.S.)
Coca Cola (U.S.)
Parkers Organic Juices PTY LTD (Australia)
Group Danone (France) and
Purity Organic (U.S.)
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Segments:
The global organic juices market is segmented into the source, certification, and distribution channel
On the basis of the source, it is segmented into vegetable juices, fruit juices, and others. Among all the sources, fruit juices are expected to the significant market proportion in the global organic juice market during the forecast period. The increasing number of health-conscious consumers in developing economies is driving the growth of fruit juice.
On the basis of the certificate, it is segmented into 100% certificate and 95% certificate
On the basis of the distribution channel, it is segmented into store-based and non-store based. Store-based segment is estimated to account for the major market proportion in the global organic juices market. Store-based distribution channel is further segmented into Supermarkets & hypermarkets, convenience stores, specialty retailers and others. Among the store based distribution channel, supermarkets & hypermarkets are holding major market share. However, non-store based distribution channel is anticipated to observe substantial growth during the forecast period of 2017-2023.
Contact Info:
Name: Abhishek
Organization: market research future
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Phone: 6468459312
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Source: MarketersMedia
Release ID: 335948
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