Global market for cold pressed juices is anticipated to grow at a CAGR of over 10% during 2016-2022, on account of increasing online presence of major cold pressed juice manufacturers and shifting focus of manufacturers towards organic fruits and vegetables to extract cold pressed juices.
Rising demand for cold pressed juices across the globe can be attributed to increasing awareness about higher nutritional content of cold pressed juices as compared to conventional juices, and increasing health concerns due to growing incidence of lifestyle diseases such as obesity, diabetes, blood pressure, etc.
Consumers are increasingly becoming aware about the harmful effects of consuming products manufactured using synthetic ingredients and this is driving the shift towards organically produced food and beverages. Growing awareness about health benefits of consuming organic products, growing annual food and beverages spend per capita, rising infrastructural developments in supply chain and robust distribution network are anticipated to drive global cold pressed juices market through 2022.
North America dominated global market for cold pressed juices, followed by Europe due to high awareness levels among consumers in these regions about advantages of cold pressed juices. Further, PepsiCo’s Naked Juice, Hain Celestial’s BluePrint, Starbuck’s Evolution Fresh, Suja Life, Liquiteria, etc., are few of the major companies offering cold pressed juices across the globe.
Growing demand for cold pressed juices from these companies can be attributed to their vast product offerings and robust distribution network. Moreover, entry of new players, supported by the ever-growing efficient supply chain network and technological advancements are projected to drive growth in the global cold pressed juice market in the coming years.
Source: Research and Markets