Packaged Juice Market to Reach Valuation of USD 20 Billion by 2028 - Increasing Demand for Packaged Juice Market for Growing Preferences for Lactose and Derivative Products Among Consumers to Drive the Market Growth

Vantage Market Research

May 21, 2022

From the period of 2022 to 2028, the Global Packaged Juice Market is expected to reach USD 20 Billion in terms of revenue, growing at a Compound Annual Growth Rate (CAGR) of 3.6%.

Liquids made with a hydraulic press to extract juices from various vegetables or fruits of choice make up the Packaged Juice Market. Following the extraction of the pulp from the selected fruits or vegetables, the hydraulic press is used to preserve the nutritious content of the fruits and vegetables employed. Consumers' changing lifestyles and eating habits, the expanding number of organized retail outlets, people's rising disposable income, and rising living standards are all expected to drive the packaged fruit juice market forward throughout the forecast period. Soft drink usage is decreasing globally due to its high sugar content, artificial coloring, phosphoric acid, artificial sweeteners, and caffeine, all of which can have detrimental effects on the human body. As a result, many consumers are switching from carbonated beverages to packaged fruit juices.

Key Highlights from the Report

  • On the basis of Packaging Method, the market is segmented into Glass Bottle, Cans, and Tetra Pak. Consumers choose Tetra Pak packaged juices over the glass and canned juices because Tetra Pak juices have a longer shelf life and can keep their freshness and flavor for longer. Tetra Pak is a packaging technology that is used to package a variety of foods and beverages to extend their shelf life. This 6-layer packaging technique successfully keeps the juice's colors, flavors, and nutritional ingredients while also allowing it to be stored fresh for longer periods of time. As a result, consumers prefer Tetra Pak juices to canned and glass bottle-packed juices, which account for the segment's market share.

  • On the basis of Distribution Channel, the market is segmented into Online, Offline, Hypermarkets, Convenience Stores, and Others. The largest segment is supermarkets and hypermarkets, which provide quick access to a wide range of fruit juices from various brands, varieties, and flavours. Convenience stores, specialty food stores, online shopping, and others follow supermarkets and hypermarkets.

  • Asia Pacific is the fastest regional segment in terms of growth. This might be linked to the fact that several globally recognized market players, such as Tropicana, are launching new varieties of products. Furthermore, firms like RAW pressery are working to make cold-pressed juices more popular in countries like India, in order to meet the need for sugar-free and healthful drinks.

Market Dynamics:

Excellent qualities of preserving the nutritional content of packaged juices.

Cold processed juices are made by pressing juice from various vegetables or fruits using a hydraulic press. After extracting the pulp from the selected fruits or vegetables, the hydraulic press is used to preserve the nutritious content of the fruits and vegetables used. Cold-pressed juices are expected to grow in popularity over the projected period due to the fact that they are created entirely from the pulp of fruits and vegetables and include no additional ingredients.

The health-conscious and fitness enthusiasts' demand for freshly squeezed juice is serving as a limitation on industry expansion.

The packaged juices on the market are low in fiber and rich in fructose, which can cause the body's insulin levels to rise. Fitness enthusiasts and health-aware people, on the other hand, prefer freshly squeezed juices over boxed juices since they do not want to overload their bodies with sugar and want to live a healthy lifestyle. This reason is driving up demand for freshly packaged juices while slowing the growth of the packaged juices sector.

Over the projection period, North America is expected to have tremendous growth. The North American region is estimated to hold a considerable market share over the forecast period owing to the fact that the consumers are getting increasingly health-conscious and self-aware, due to which they are shifting to juices instead of aerated drinks. Furthermore, certain market participants, such as IZZE, provide sparkling juices to emulate the fizzy taste of aerated drinks and entice customers to buy their products.