Market Overview
Global Juicer Market is expected to garner a revenue of USD 4 billion by 2027 with a CAGR of approximately 6.9% during the forecast period, 2021–2027. Juicer, also known as juice extractors, are manual or electric kitchen appliances used to extract juice from vegetables and fruits.
The major factors driving the market for juicers are increasing consumption of fresh vegetable and fruit juices, shifting consumer preference from packed juices containing preservatives to freshly extracted juices, improving living standards, and rising per capita disposable income.
However, the global market is witnessing hurdles in its growth, especially in the rural areas of developing countries and least developed countries due to frequent power outages and high prices of advanced electric juicers. Rising adoption of smart juicers and an increasing number of juice bars are expected to render lucrative opportunities to the market players during the upcoming years.
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Competitive Landscape
- Hamilton Beach Brands Holding Company (US)
- Cuisinart (US)
- Koninklijke Philips N.V. (Netherlands)
- Breville Group Limited (Australia)
- KUVINGS (India)
- Braun GmbH (Germany)
- Kenwood Limited (India)
- Foshan Shunde Ouke Electric Co., Ltd. (China)
- Panasonic India (India)
Market Segmentation
The global juicer market has been segmented based on type, end user, distribution channel, and region.
By type, the global juicer market has been bifurcated into manual juicers and electric juicers. The electric juicers segment is further segmented into centrifugal juicers, masticating juicers, and triturating juicers.
The global juicer market has also been divided, on the basis of end user, into residential and commercial.
Based on distribution channel, the global market is segregated into, store-based and non-store-based. The store-based segment is further segmented into supermarkets & hypermarkets, specialty stores, and others.
The global juicer market has been studied with regard to four key regions—North America, Europe, Asia-Pacific, and the rest of the world.
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Regional Analysis
Asia-Pacific dominated the global juicer market in 2021 and is expected to register the highest CAGR during the forecast period, 2021–2027. The region’s dominance and growth can be attributed to the large consumption of fruit and vegetable juices and shifting consumer preference towards healthy and fresh juices. Moreover, presence of numerous regional and global players in Asia-Pacific is also expected to boost the regional market growth.
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