Fruit Juices and Nectars Market Predicts
The global fruit juices and nectars market is expected to amplify with a substantial CAGR of 5.0% between 2023 and 2032.
Market Apprehension
The Asia-Pacific fruit juices and nectars market is experiencing rapid growth, driven by the increasing population and rising disposable incomes in the region. Countries like China, India, and Japan are major markets for fruit juices and nectars, with consumers in these regions showing a growing preference for healthy and natural beverages.
The growing awareness of health benefits of fresh fruit juice is expected to surge the fruit juice and nectars market. Fruit juice and fruit nectar are attainable just by squeezing. The ease of preparation of the fruit juice and fruit nectar is increasing its popularity among people. The added advantage of fruit juice and fruit nectar of being non-fermented products is popularizing it among people, thereby increasing the number of consumers. Fruit juice and fruit nectars are easily available in store. The simplification of supply chain of the e-commerce sector is also hiking the sales number of fruit juice and fruit nectar products. These mentioned factors are likely to escalate the global fruit juice and fruit nectar market growth. Other factors like high-cost effectiveness and increase in the disposable income can also prompt the global fruit juices and nectars market over the review period.
Key Players
China Haisheng Juice Holdings Co. Ltd (Hong Kong), Kerry Group Plc (Ireland), SkyPeople Fruit Juice Inc. (China), AGRANA Group (Austria), Döhler Group (Germany), Kanegrade Ltd. (U.K.), and SunOpta, Inc. (Canada) are some of the esteemed companies which are enlisted by MRFR.
Market Segmentation
The global fruit juices and nectars market has been segmented on the basis of distribution channel, applications, and fruits.
On the basis of distribution channel, the fruit and nectars market has been segmented into store based and non-store based. Due to the connivance of one stop shopping from store, the store segment is expected to grow at a rapid rate. The amplification of the e-commerce sector growth is to spur the non-store segment expansion over the review period.
On the basis of application, the fruit and nectar market has been segmented into dairy and food, confectionary, beverages, bakery, and others. Due to the surge in the popularity of fruit juices, the beverage segment is likely to dominate the global fruit juice and nectars market, in terms of revenue generated.
On the basis of fruits, the fruit and nectar market has been segmented into pear, grapes, apple, pineapple, orange, and others. Owing to enormous consumption of orange juice due to its high preference, the orange segment is expected to register the highest CAGR during the assessment period.
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