The Juice Extractor Market is Estimated to Grow Exponentially at an 8.33% CAGR Over 2030

July, 2023 - Market Research Future has Published a Report on the Global Juice Extractor Market

Juice Extractor Market Highlights

According to a report published by Market Research Future (MRFR), the global juice extractors market USD 3.67 billion by 2030, exhibiting a CAGR of 8.33% over the forecast period, owing to factors such as the rising demand for dietary juices due to the increasing awareness associated to personal well-being and health consciousness in consumers.

Juice extractors are multitasking processors which are used to extract juice from vegetables, fruits, seeds, nuts, and meat.  The most popular juices are extracted from fruits and vegetables due to their high nutritional value.

The demand for the global juice extractors market is mainly driven by the massive demand for healthy juices, due to the health consciousness of consumers, growing interest in personal fitness, and the increasing prevalence of deficiency diseases, cardiovascular diseases, and chronic disorders such as blood pressure, diabetes, and cancer. Additionally, the growing awareness and preference for organic and natural juices instead of packaged juices are driving the demand for juice extractors among consumers, and it's estimated to contribute to the market growth significantly.

Segmental Analysis

The global juice extractors market has been segmented on the basis of type, function, blade material, and region.

Based on type, the market has been segmented into, masticating, centrifugal, cold press, citrus juicer, and others. The cold press segment has gained significant popularity over the past few years and is estimated to grow at a comparatively higher CAGR over the forecast period.

Based on function, the market has been segmented into the non-drip spout, automatic pulp ejection, reverse, and others. The automatic pulp ejection segment is estimated t witness higher growth comparatively, owing to the preference of manufacturers due to its convenience.

Based on blade material, the market has been segmented into stainless steel, alloy, iron, and others. Stainless steel segment is estimated to showcase substantial growth owing to its beneficial and superior properties in comparison to the other metals.

Based on the region, the market has been segmented into North America, Europe, Asia Pacific, and the rest of the world.

Key Players

The key players identified in the global juice extractor market are Breville, Cuisinart, Chefs Star, Hamilton Beach, Hurom, Jack LaLanne, Omega, Philips, Kenwood, and Panasonic.

North America has been assessed to witness rapid growth in the demand for juice extractors owing to the demand for fruit and vegetable juice. furthermore, the growing awareness about the benefits of organic food and beverages products due to the rise in health consciousness among consumers and rapid changes in healthy lifestyles of consumers towards a balanced diet with high nutritional intake is driving the demand for juice extractors in North America, especially in the U.S. over the forecast period.

Europe is one of the significant regions of the global juice extractors market and is estimated to contribute substantially to the global market share. The demand for juice extractors is massive in European countries due to the modern lifestyle of consumers, high disposable income due to a stable economy. Additionally, the growing health awareness in consumers is driving the demand for organic food and beverage products, such as juices, hence fuelling the demand for juice extractors consequently over the forecast period.

Asia-Pacific region has been assessed to witness a moderately high market share with a relatively high growth rate over the forecast period. Key factors influencing the growth of juice extractors market in the region over the forecast period are the shifting dietary habits of consumers, rising fitness concerns among the younger population, growth in the agricultural sector leading to an increase in fruit production, and advancements in the juice extractor mechanism.