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The global juicer market is being aided by the rising health awareness among consumers. The growing demand for innovative products has encouraged the juicer manufacturers to produce user-friendly and attractive smart juicers with a wide variety of advanced features. Mobile app management, the capability to extract juices straight into a variety of glass and container sizes, food and drink recipes, and adjustable mode based on fruit or vegetables juicing are some of the new features of smart juicers. Smart juicers are affordable, as well as provides features like remote control, increased security, enhanced connectivity, and energy savings.
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An increase in the demand for juices containing fibre is one of the main factors driving the juicer market. High fibre juice contributes to lower cholesterol and enhances digestion. It also helps to control the levels of blood sugar. The increasing demand for fruit juice and green leafy vegetables also boosts the juicer market. The juicer industry is also growing due to the rising consumer awareness of fitness and healthy living. Improved standards of living and increased incomes enable customers to opt for new juicers, fuelling the juicer market. In the coming years, the expansion of the distribution channels of the product, especially e-retail platforms, is likely to boost the market growth. The juicers of Koninklijke Philips NV (OTCMKTS: RYLPF), one of the leading key players, is widely available at various e-commerce platforms like Amazon (NASDAQ: AMZN).
Manufacturing-intensive countries, including South Korea, China, and Eastern Europe, produce a large percentage of cooking appliances. The Asia Pacific region accounted for the largest juicer market share in 2019 and is likely to continue dominating the market in the forecast period. The increased awareness of people's health and the increased focus on fitness will significantly impact the growth of juicer markets in this region. The key juicer markets in the Asia Pacific are India and China. Market development in this region will be higher than in other regions.
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The major key players in the global juicer market include companies like Breville Group, Cuisinart Inc., Hamilton Beach Brands Holding Co. (NYSE: HBB), Koninklijke Philips NV, and Kuvings. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions, and capacity expansions.
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