Juices Market Highlights the Impact of COVID-19 2020–2024 | New Product Launches to Boost Market Growth | Technavio

Technavio has been monitoring the juices market and it is poised to grow by USD 66.13 billion during 2020–2024, progressing at a CAGR of almost 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

• Which is the leading segment based on product in the market?
• The fruit juices segment is expected to be the leading segment based on product during the forecast period.
• What is the major trend for market?
• Benefits of cold-pressed juice over traditional juices is a major growth factor for the market.
• At what rate is the market projected to grow?
• Growing at a CAGR of almost 7%, the incremental growth of the market is anticipated to be USD 66.13 billion.
• Who are the top players in the market?
• Citrus World Inc., Del Monte Pacific Ltd., Eckes-Granini Group GmbH, Keurig Dr Pepper Inc., Nestle SA, Ocean Spray Cranberries Inc., PepsiCo Inc., Suntory Holdings Ltd., The Coca-Cola Co., and Welch Foods Inc. are some of the major market participants.
• What are the key market drivers and challenges?
• New product launches and benefits of cold-pressed juice over traditional juices are the major factors driving the market. However, the fluctuating prices of raw materials will restrain market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Citrus World Inc., Del Monte Pacific Ltd., Eckes-Granini Group GmbH, Keurig Dr Pepper Inc., Nestle SA, Ocean Spray Cranberries Inc., PepsiCo Inc., Suntory Holdings Ltd., The Coca-Cola Co., and Welch Foods Inc. are some of the major market participants. The launch of new products will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in fast-growing segments, while maintaining their position in the slow-growing segments.

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Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Juices Market 2020–2024: Segmentation

Juices Market is segmented as below:

• Product
• Fruit Juices
• Vegetable Juices
• Others
• Geography
• Europe
• North America
• APAC
• South America
• MEA
• Distribution channel
• Offline
• Online

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43843

Juices Market 2020–2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The juices market report covers the following areas:

• Juices Market Size
• Juices Market Trends
• Juices Market Analysis

This study identifies benefits of cold-pressed juice from traditional juice as one of the prime reasons driving the juices market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.