Packaged Juice Market

Global Packaged Juice Market

Packaged Juice Market- By Source, Pressing Method, Content, Product Type, Packaging Method, Distribution Channel and Region.

Market Synopsis:

The Global Packaged Juice Market is valued at USD 16.54 Billion in the year 2022 and is projected to reach a value of USD 21.60 Billion by the year 2030. The Global Market is forecasted to grow exhibiting a Compound Annual Growth Rate (CAGR) of 3.40% over the forecast period.

Packaged Juice Market are types of juices that are prepared by using a hydraulic press to extract the juices from other vegetables or fruits of choice. The hydraulic press is used after extracting the pulp of the selected fruits or vegetables and this way these products are able to retain the nutritional content of the fruits and vegetables used. Different types of fruit juice offer varied health benefits, for instance, avocado juice enhances natural energy in the body; watermelon juice keeps the body hydrated and helps metabolism; papaya juice aids digestion; lemon juice fights viral infections, and pineapple juice lowers cholesterol levels.

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Fruit juice is one of the most extensively consumed beverages on the planet, thanks to its refreshing taste and longer shelf life. Consumers' changing lifestyles and eating patterns, the growing number of organized retail outlets, people's increasing disposable income, and rising living standards are some of the factors predicted to propel the packaged fruit juice market forward during the forecast period of 2021-2028. The increased popularity of packaged fruit juices, on the other hand, will create many opportunities for the packaged fruit juice market to grow during the time period stated.

The commercial juices on the market are low in fiber and rich in fructose, which can cause the body's insulin levels to rise. Fitness enthusiasts and health-aware people, on the other hand, prefer freshly squeezed juices over boxed juices since they do not want to overload their bodies with sugar and want to live a healthy lifestyle. This reason is driving up demand for freshly Packaged Juices while slowing the growth of the Packaged Juices sector. Increased use of artificial sweeteners and preservatives in fruit juices would act as a restraint on the packaged fruit juice market's growth over the forecast period.

Market Segmentation:

The Packaged Juice Market is segmented on the basis of Source, Pressing Method, Content, Product Type, Packaging Method, and Distribution Channel. On the basis of Source, the market is segmented into Fruit Juice and Vegetable Juice. On the basis of Pressing Method, the market is segmented into Hydraulic Press (Cold Pressed Juice) and Centrifugal (Normal Juice). On the basis of Content, the market is segmented into Sugar, Sugar-free, With Pulp, and Without Pulp. On the basis of Product Type, the market is segmented into Normal and Sparkling. On the basis of Packaging Method, the market is segmented into Glass Bottle, Cans, and Tetra Pak. On the basis of Distribution Channel, the market is segmented into Online, Offline, Hypermarkets, Convenience Stores, and Others.

Based on Packaging Method:

On the basis of Packaging Method, the market is segmented into Glass Bottle, Cans, and Tetra Pak. Tetra Pak Packaged Juices are preferred by consumers over glass and canned juices because they have a longer shelf life and retain their freshness and flavor. Tetra Pak is a packaging method that is used to enhance the shelf life of a variety of foods and beverages. This 6-layer packing technology preserves the juice's colors, aromas, and nutritious elements while allowing it to be stored fresh for longer periods of time. As a result, Tetra Pak juices are preferred by customers over canned and glass bottle-packed juices, which account for the majority of the segment's market share.

Based on Distribution Channel:

On the basis of Distribution Channel, the market is segmented into Online, Offline, Hypermarkets, Convenience Stores, and Others. Supermarkets and hypermarkets are the largest section, offering rapid access to a wide variety of fruit juices from diverse brands, kinds, and flavors. Supermarkets and hypermarkets are followed by convenience stores, specialty food stores, online shopping, and other retailers.

North America is Observed to be the Largest Share Holding Region in the Market

North America is projected to acquire the largest market share with a share of 38.20%. Because consumers are becoming more health-conscious and self-aware, they are switching to juices instead of aerated beverages, the North American area is expected to hold a significant market share over the projection period. Moreover, some market competitors, such as IZZE, offer sparkling juices to mimic the fizzy taste of aerated drinks and persuade customers to purchase their products. Furthermore, customers' rising incomes have encouraged them to taste a variety of fruit juices before deciding on their favorites for future usage. The packaged fruit and juice sector is expected to benefit both the consumer and the product in the coming years, albeit it is up to the consumer to choose from the variety of bottled juices and drinks available.

Competitive Landscape:

Key players operating in the Global Packaged Juice Market include Tropicana Products Inc., Dabur India Limited, Sunkist Growers Inc, ITC B Natural, The Coca-Cola Company, Izze, Snapple Beverage Corp, Rakyan Beverages, Dole Packaged Foods LLC, Hector Beverages Private Limited.

Segmentation of Packaged Juice Market: