Market Overview
From 2018 to 2023, the Cold Pressed Juice Market is expected to grow at a CAGR of 9.50 percent, exceeding the USD 3.50 billion mark. Compression technology extracts the liquid from leafy vegetables to make cold-press juice. During the engagement, there are no edges or turns. On the other hand, high-strain drink extends the juice's usage and continues running more than conventional juice. No filtration or high-pressure Processing is required to keep it in the refrigerator indefinitely.
The Factors Affecting the Market The pleasant vibes provided by the juice-like purity are a primary driving force behind the Cold Pressed Juice Market. When compared to other wellness beverages, most customers prefer this one. The growing popularity of natural juices may be attributed to their health benefits. The affluent and well-to-do still enjoy daily servings of cold-pressed juice, fueling the industry's growth. In addition, organic juices are becoming more popular globally since working-class people are more concerned about their health.
In the wake of COVID-19, every food and beverage sector has seen a halt in its growth. To avoid the crowds in stores and to avoid the spread of illness, people purchase large quantities of Cold Pressed Juice products at a time. Even though consumers choose natural goods, carbonated soda pops, vegetable juices, and probiotic beverages, interest in cold-pressed juices are expected to grow significantly due to the wide range of health benefits they provide. Cold Pressed Juice is an excellent source of vitamins, nutrients, and other critical components that the human body needs to function correctly. As a result, COVID-19 has increased the number of customers who choose vitamin and mineral-enriched beverages.
Competitive Analysis
The competitive analysis of the cold pressed juice market is elaborated in the global cold-pressed juices market report that shed light on strategies designed by key players to understand geographic expansion, new product launch, agreement, and RD undertakings to foster their business growth. The market players are engaging in strategic acquisitions to reinforce their organic sales in the cold pressed juices market. MRFR profiled some renowned players in the cold-pressed juices market. They are; Pressed Juicery (Canada), PepsiCo Inc. (U.S.), Liquiteria Inc. (New York), JustPressed (Canada), Suja Life, LLC (U.S.), Organic Press Juices (Dubai), Hain BluePrint, Inc. (U.S.), and Evolution Fresh (U.S.) among others
Market Segmentation
The cold-pressed juice market has been segmented based on type, mode of distribution, nature, and geographies. Grocery, super or hypermarkets, retailers, internet retailers, and departmental shops are the most crucial market categories in terms of distribution channels. Juices may be classified as organic or conventional if they follow the rules of nature. There are two types of liquids: veggie juice and fruit juice.
The Cold Pressed Juice Market is divided into two types based on how it is distributed and packaged. Natural juice is made from organic fruits, vegetables, and mixes because of its kind. A natural substance that has been blended. There are few things better for your health than freshly squeezed juice, which is why so many people choose it over other options. Plastic, jars, glass, and other containers for beverages all have their niches in the market. Distribution routes are divided into direct transactions and indirect deals in the natural juice sector.
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Regional Classification
The cold-pressed juice and beverage market is growing in North America and Western Europe, which account for most of the natural juice segment of the entire business.
Cold-Pressed Juices are becoming more popular in North America due to increasing awareness of health issues among a significant population. Increasing numbers of individuals who skip meals and search for an on-the-go option that provides them with nutritious advantages boost consumers' attention to cold-pressed juice market. An increase in obese people is also propelling this market's growth. Additionally, the expanding market in the area appeals to producers of cold-pressed juice cleanses that promise health advantages such as stronger immune, better intestinal health, and a more radiant complexion.
Industry News
In November 2019, BevCanna. proposed a non-Letter of Intent to buy Little West Holdings, which will become part of its cold-pressed juice company portfolio.
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