What is Global Juice Extractors Market?
The Global Juice Extractors Market is a comprehensive study of the current trends, growth indicators, and market dynamics of the juice extractor industry worldwide. This market involves the sale and manufacture of devices used to extract juice from fruits and vegetables. These devices, known as juice extractors, are popular in both commercial and home settings due to the growing trend of healthy living and the consumption of fresh, homemade juices. The market is vast and diverse, with numerous manufacturers and brands offering a variety of juice extractors to cater to different consumer needs and preferences. The global market for juice extractors was valued at US$ 2438 million in 2022. It is projected to grow at a steady pace, reaching an estimated value of US$ 3375.3 million by 2029. This represents a compound annual growth rate (CAGR) of 4.7% during the forecast period from 2023 to 2029.
Centrifugal Juicer, Masticating Juicer, Others in the Global Juice Extractors Market:
The Global Juice Extractors Market is segmented based on the type of juicer, with the main types being Centrifugal Juicers, Masticating Juicers, and others. Centrifugal Juicers are the most popular type, accounting for about 50% of the market share. These juicers work by using a fast-spinning metal blade that spins against a mesh filter, separating juice from flesh via centrifugal force. Masticating Juicers, on the other hand, operate at a slower speed and use a gear (auger) to crush the fruit or vegetable against a hard surface, extracting the juice. The 'Others' category includes types like twin gear and hydraulic press juicers. Each type of juicer has its own advantages and disadvantages, and the choice depends on the user's specific needs and preferences.
Home Use, Commercial in the Global Juice Extractors Market:
The Global Juice Extractors Market also varies based on the area of usage, with the main areas being Home Use and Commercial. Home use is the dominant segment, holding about 70% of the market share. This is likely due to the growing trend of healthy living and the desire for fresh, homemade juices. Juice extractors are seen as an essential appliance in many households, allowing individuals and families to enjoy fresh juice at any time. Commercial usage, on the other hand, includes settings like restaurants, juice bars, and health clubs. In these settings, juice extractors are used to provide fresh juice to customers or members. While this segment holds a smaller share of the market, it is still a significant part of the overall juice extractor industry.
Global Juice Extractors Market Outlook:
In summary, the Global Juice Extractors Market is a dynamic and growing industry, driven by the increasing demand for healthy, fresh juices. The market is expected to grow at a CAGR of 4.7% from 2023 to 2029, reaching a projected value of US$ 3375.3 million. The market is dominated by Centrifugal Juicers and home use, but there is also significant demand in the commercial sector. The top three players in the market hold about 20% of the global shares, indicating a competitive market landscape.
| Report Metric | Details |
| Report Name | Juice Extractors Market |
| Accounted market size in 2022 | US$ 2438 in million |
| Forecasted market size in 2029 | US$ 3375.3 million |
| CAGR | 4.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Omega, Cuisinart, Braun, Breville, Electrolux, Kuvings, Philips, Joyoung, Hurom, Oster, Panasonic, Supor, Hamilton Beach, Midea, Donlim, Kenwood, SKG, Jack LaLanne, Bear, Ouke, Xibeile |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
