North America Juice Market – Growth & Forecast (2024 – 2032)

Juice is a beverage extracted from fruits, vegetables or blend of both. It is a popular choice of drink worldwide because of its nutritional and refreshing properties. The juice market is growing at a healthy clip across various developing and developed countries.

North America Juice Market Segments Size & Growth:

North America juice market is valued at $XX billion in 2017 and is expected to reach $XX billion by 2024 at a CAGR of XX%. The key growth factor driving the market includes a change in lifestyles and awareness regarding the consumption of healthy and balanced diet. Manufacturers are focusing on introducing different varieties and flavours of juices along with innovative packaging and product development, which is a great opportunity to the market.

North America Juice Market Segments Share:

North America juice market is classified by type, flavour, category, packaging type and concentration. Among which type is segmented into frozen, chilled-ready-to-serve, shelf stable and others. The frozen concentrated juice is the one having demand in juice market owing to its usage for various purposes and its storage capabilities for longer time and distances. Flavour juice market is segmented into fruits, fruit mixes, vegetables and others. Among which fruit-based beverages and fruit drinks are holding to the major share in the market and is expected to be the fastest growing categories. Fruit drinks are having 30 percent of the market share and are holding to the highest-selling category. Owing to the high disposable incomes and people adopting western cultures along with health awareness among people.

Mixed fruits and vegetable segment is expected to remain dominant in the global juice market over the forecast period. The segment is expected to grow at a CAGR of 7.2% over the forecast period. Mixed fruits and vegetable segment is projected to register relatively high CAGR and gain significant market share by 2024. As demand for juice made from fruits and vegetables has been increasing significantly owing to the concerns regarding various health issues.

Juice market by category is classified as health juice, pre-biotic & pro-biotic, fruit juice, naturally sweetened, organic juices and others. In which many health professionals generally recommend probiotics in supplement form, this is holding to the major share in the market, and fruit juice is holding to substantial growth in the market owing to the health concerns and awareness among people regarding the health issues.

Packaging type is categorised into PET/plastic, metal cans, tetra packs, glass, and others. Packaged juices are gradually cementing their place in a household in metros. However, people prefer fresh and healthy juice than packaged ones and they are cheaper than the packaged ones as they are healthy and maintain freshness. By concentration, juice market is classified into concentrated and non-concentrated. Both concentrated and non-concentrated are pasteurised to remove potential pathogens. Concentrated drinks are having substantial growth rates and demand in the market as only non-concentrated drinks face challenges regarding packaging, as they do not contain preservatives and have a short shelf life.

Geographically, Juice market is categorized into US, Canada, Mexico, and others. North America region is with more than 24% market share in global fruit juice market. It is having a substantial growth rate and is expected to grow during the forecast period, and the flavour of juice in the US is being pulled in two directions. On the one hand, young consumers have shown a predisposition for exotic and unique flavours, which is driving the market growth in this region.

North America Juice Market Trends:

• Increased preference for wellness.
• New Processing methods and ingredient prominence on both flavours and functions.
• Tropicana releases kid’s drinks, coconut water blends.
• Kristian Regale introduced two new sparkling juice blends.

North America Juice Market Research Report includes:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions, which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major market players are

• Welch’s Foods Inc.
• Del Monte Foods Inc.
• Nestle S.A
• PepsiCo Inc.
• Dr. Pepper Snapple Group Inc.
• Coca-Cola Co

Along with these companies, there were many other companies considered/cited in the report while analysing the juice market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.”