About Juice Extractor
Juice extractor also is known as a juicer, is a tool used to extract juice from fruits, herbs, leafy greens, and other eatable items. The juice extractor is a multi-tasking processor which can accomplish various function due to the high-end power of its motors.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Juice Extractor market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Juice Extractor Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Juice Extractor market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Phillips (Netherlands), Kuvings (United States), Hamilton Beach (United States), Cuisinart (United States), Philips (Netherlands), Kenwood (Japan), Panasonic (Japan) and Hurom (India) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Braun (Germany), Breville (Canada) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Juice Extractor market by Type (Masticating Juice Extractors, Centrifugal Juice Extractors and Triturating Juice Extractors), Application (Bakery, Dairy, Beverage, Confectionery and Others (sauces, ice crush, etc.)) and Region.
On the basis of geography, the market of Juice Extractor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Usage Type, the sub-segment i.e. Commercial Juice Extractors will boost the Juice Extractor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Internet Retailing will boost the Juice Extractor market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Demand Owing to Its Nutritional Content and Prefer Juice.
Market Growth Drivers:
Increasing Awareness in Consumer-Related to Well Being and Health and Rising Consumption of Confectionaries, Beverages, and Bakery Products, the Growth, and Demand for Juice Extractors
Challenges:
Availability of Substitute Product
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Food and Beverage Industry Across the Globe and Better Living Standards and Increased Disposable Income
Market Leaders and their expansionary development strategies
In July 2022, Groupe SEB continues to strengthen its positions in the professional market with the acquisition of Zummo, the Spanish world leading maker of automatic fruit juice extraction machines. The professional offering of Groupe SEB is being expanded to meet its strong development ambitions in this segment. Numerous synergies will be created in this way for all of Groupe SEB customers: hotels, major restaurant brands and local businesses, in France and throughout the world.
In September 2022, magic bullet launched its latest kitchen innovation with the launch of the magic bullet Mini Juicer a fun, affordable, and easy-to-use countertop juicer. The appliance's simple, single-serve design and stress-free, mess-free juicing capabilities make it a unique addition to the world of home juicing.
Key Target Audience
Distributors/Traders/Wholesalers/Suppliers, Raw Material Suppliers, Food Equipment Manufacturer, Regulatory Bodies, Including Government Agencies And NGOs, Commercial Research & Development (R&D) Institutions, Importers and Exporters and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.