According to Acumen Research & Consulting, the Global Cold Pressed Juice Market size was worth USD 1,452.7 Million in 2021 and is projected to be worth around USD 2,684.8 Million by 2030, growing at a CAGR of 7.2% in the coming years
Cold Pressed Juice Market Overview
The cold pressed juice market value is rapidly expanding, owing to rising consumer demand for healthier, and more natural food options. Cold-pressed juice is prepared by using a hydraulic press to extract juice from fruits and vegetables, which helps to preserve more of the nutrients and vitamins found in the fruits and vegetables. The juice is then packaged without the addition of preservatives or heat.
A variety of factors are driving the market, including the growing health and wellness trend, the comfort of ready-to-drink juice, and the growing demand for organic and non-GMO products. Social media and influencer marketing have also helped to raise awareness and demand for cold-pressed juice.
Cold Pressed Juice Market Statistics
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Cold Pressed Juice Market Dynamics
The cold-pressed juice market is expected to grow in the future as consumers become more interested in healthier and more natural food options. The availability of a wide range of flavors is a key factor driving the global cold pressed juice market value. Cold-pressed juice companies, for example, are introducing a variety of flavors to cater to different consumer preferences, which is driving demand for the product. Another factor driving the market growth is the growing health benefits of cold pressed juice. Cold-pressed juice companies are adding functional ingredients to their products, such as probiotics, antioxidants, and adaptogens, to provide additional health benefits to consumers.
Sustainable packaging is a key cold pressed juice market trend that is increasing sales globally. Sustainable packaging options, such as glass bottles or biodegradable materials, are becoming extremely prevalent among cold-pressed juice companies as consumers become more environmentally conscious. Another factor driving market demand is the growing acceptance of online sales. Cold-pressed juice companies are increasingly turning to online sales channels to reach a larger audience while lowering distribution costs. Furthermore, cold-pressed juice companies are now offering home delivery services to make purchasing their products more convenient for customers.
However, the market is constrained by some major factors. Some fruits and vegetables used in cold-pressed juice, for example, are only available during specific seasons, which can affect the availability and price of the juice. Cold-pressed juice is also susceptible to bacterial contamination if not produced under sanitary conditions. Besides that, a lack of consumer awareness may limit the market's growth. Furthermore, if not prepared properly, this juice can contain a high amount of sugar, which may be a concern for some consumers.
Cold Pressed Juice Market Segmentation
The global cold pressed juice market is categorized into product type, nature, packaging, distribution channel, and geography.
Cold Pressed Juice Market Share
According to the cold pressed juice market forecast, the blend cold pressed juice sub-segment is expected to dominate the market from 2022 to 2030. In contrast, the fruits sub-segment accounted for the second-largest market share in 2021, while the vegetable sub-segment is gaining significant traction in the juice sector.
The organic nature of cold pressed juice will generate significant market revenue in the future while having the fastest growth rate (CAGR) throughout the forecasted years (2022 – 2030).
Plastic packaging held a significant market share in 2021 and is expected to continue to do so in the coming years. However, due to their less harmful environmental effects, glass and metal packaging are rapidly expanding in the cold-pressed juice market.
Retail/grocery stores have led the market in terms of market share since 2018, and this trend is expected to continue until 2030. Online stores, on the other hand, have grown in popularity since the COVID-19 pandemic. Furthermore, as technology advances, social media advertising grows, and smartphone proliferation increases, the demand for online sales will continue to grow at the fastest rate.
Cold Pressed Juice Market Regional Outlook
North America dominated the market in terms of share in 2021, and the region is expected to grow at the fastest rate in the coming year from 2022 to 2030. The region's leading share can be attributed to increased health consciousness among a large segment of the population. Furthermore, an increasing population in this region prefers to skip breakfast and look for on-the-go alternatives, which supports the value of the North American cold pressed juice market. The European market is also expanding rapidly, owing to rising awareness of the health benefits of cold-pressed juice and rising demand for organic and non-GMO products.
Cold Pressed Juice Market Players
Some prominent cold pressed juice companies covered in the industry are Bolthouse Farms, CEDAR Juice, Evolution Fresh, Greenhouse Juice Co, Hain Celestial, Juice Press, Juice Generation, Juice Warrior, Liquiteria Inc., PepsiCo, Preshafood, Rakyan Beverages, Starbucks Coffee Company, and SUJA LIFE.
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Mr. Frank Wilson
Acumen Research and Consulting