North America Cold Pressed Juices Market Size, Region, Key Players with increasing Demand, forecast
Market Overview:
Market Research Future (MRFR) reveals in
its new study that the North America
cold pressed juices market is set to surpass a valuation of USD 2,299.7
Mn by 2023. The growth of the cold-pressed juices market in North America is
envisaged to be backed by several factors. With increasing trend of adoption of
a healthy lifestyle among consumers, the market is set to portray a positive
outlook in the region in the coming years.
Mass consumers’ population across North
America Cold Pressed Juices Market analysis is becoming highly aware of the
foods and beverages they consume and also compare the products to choose which
is better. The flourishing health and nutrition sector is compelling
manufacturers to enhance the production of cold-pressed juices. For instance,
in August 2018, OH! Juice based in North County, expanded its flavor combos,
which boast of being organic, locally sourced, and possessing a long
shelf-life.
In general, cold-pressed juices contain
high amounts of fiber, minerals, vitamins, and antioxidants as compared to
other forms of juices, which positively impact the sale fueling the global
market. Moreover, the massive demand for leafy vegetable juice such as kale
juice, spinach juice for detoxifying the body purpose. There are also emerging
trends in the market associated with weight loss, detoxification, body
energizing, all of which have added up to the demand for cold pressed juice.
Consumers can customize the combination of these juices according to their need
and subscribe for monthly or annual planned juice according to their functional
application. The combination of all these factors has worked wonders for the
market development in recent years.
However, on account of cold-pressed juices’
being all natural without any added ingredients, they are comparatively more
expensive than their counterparts. This can be detrimental to the market growth
as a large percentage of population prefer juices that are cheaper.
On the other hand, on account of their
health benefits and demand from health-conscious population, the North
America cold pressed juices market size is bound to reach higher dimensions
with a phenomenal growth rate.
North
America Cold pressed juices Market – Competitive Dashboard
Some of the key players profiled in the
report include PepsiCo Inc. (U.S.), Hain Celestial Group, Inc. (U.S.), Suja
Life, LLC (U.S.), Evolution Fresh (U.S.), Pressed Juicery, Inc. (U.S.), Juice
Generation Inc. (U.S.), Liquiteria Inc. (U.S.), Florida bottling Trading (U.S.),
Bolthouse Farms Canada Inc (Canada), and The Odwalla, Inc. (U.S.).
Access Report @ https://www.marketresearchfuture.com/reports/north-america-cold-pressed-juices-market-6329
North America Cold Pressed Juices Market
– Segmental Analysis
The report states that the North America
cold pressed juices market size is segmented on the basis of type, category,
distribution channel, and country.
Based
on type, the market has been segmented into fruits,
vegetables, and blends. Among these, the blends segment is expected to account
for the major market share in the North America cold pressed juices market revenue,
reaching the value of USD 971.8 million by the end of 2023. The segment will
register a CAGR of 10.19%. Blended cold-pressed juices are blends of fruits
& vegetables, fruits & herbs, vegetable & herbs, fruits & nuts,
and many others. Blended juices are gaining favorable reviews from a large part
of the population owing to its nutritional profile and its quality. They also
come in different flavors which are considered safe for consumption.
Based
on category, the market has been segmented on the basis of conventional and
organic. Among these, the organic segment is predicted
to dominate the market throughout the review period, expanding at a growth rate
of 10.23%. On the other hand, the conventional segment is expected to witness a
moderate growth rate of 9.12% during the review period.
By
distribution channel, the market is segmented into store-based and non-store
based. Among these, the store-based distribution
channel is anticipated to reach the value of USD 1.96 billion by the end of
2023. Store-based distribution channel comprises of supermarket/hypermarket,
convenience stores, specialty stores, and others. among these,
supermarkets/hypermarkets mainly contribute to the sales of cold-pressed
juices. The surge in the segment growth can be attributed to the one-stop
shopping experience store-based channel provides to the consumers. On the other
hand, the non-store based segment is projected to witness a massive growth rate
of 11.01% during the forecast period, with online deliveries gaining momentum
due to the convenience they provide to the consumers.
Country Outlook
Based on country, the North America market
is segmented into the United States (U.S), Canada, and Mexico.
Among these countries, U.S. currently holds
the largest market share and will continue to maintain its dominance in the
foreseeable future. This is due to increasing consumer’s hectic lifestyles
which have led to the surging demand for convenience food & beverages. The
popularity of organic juice in the U.S. market has significantly buoyed the
market growth over the last few years.
Canada market for cold-pressed juices is
poised for a tremendous growth trajectory as market players in the region are
constantly trying to gain competitive edge over other competitors.
The market for cold-pressed juices in
Mexico is set to grow at a tremendous rate on account of growing consumer base
spending on lifestyle products, growing health awareness, increasing disposable
income of the growing population.
NOTE:
Our Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
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