Juice extractor: Key market research findings
- Decline in the consumption of packaged juices
- Rise in the sales of kitchen appliances
Technavio has added a new market research report on the global juice extractor market, which is expected to grow at a CAGR of more than 4% between 2015 and 2019. Increase in health awareness has led to greater demand for fruit and vegetable juices, which is a major factor driving the demand for juice extractors. Europe dominates the global market for juice extractor, and accounts for more than 35% of the total market share. The high purchasing power of end-users in this region coupled with their augmented preference for adopting technologically advanced products are expected to result in this region’s high market share during the forecast period.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
Growing awareness about negative effects of packaged juices has pushed consumers towards natural alternatives. Packaged juice has a high fructose content, causing diabetes and cardiovascular diseases. Excessive use of preservatives leads to carcinogenic effect on the body. Consumers have started preferring fresh fruit juices to high calorific products such as aerated drinks. These developments have led vendors to offer specific kitchen appliances that promote good health,” says Sriram Mohan, Lead Analyst, Consumer & Retail, Technavio Research.
The juice extractor market is a growing product segment in the kitchen appliances market. People with high disposable incomes are increasingly switching towards electric appliances, and there has been immense growth in the sales of electric kitchen appliances. Juice extractors are purchased primarily through electrical goods retailers and hypermarkets. The most common type of juice extractors available in the market is of the centrifugal type. The triturating juice extractors are the best juice extractors in the market.
The leading vendors in the global juice extractor market include Philips, Breville, Jarden Consumer Solutions, Cuisinart, and Kuvings. The market is dominated by a few key vendors from the kitchen appliance industry. Innovations pertaining to technology and products among the leading vendors are expected to spur the demand for juice extractors in the next five years.
A more detailed analysis is available in the Technavio report, Global Juice Extractor Market 2015-2019 – Market Analysis.
We can customize reports by other regions and specific segments upon request.
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