Cold Pressed Juice Market will have soared at 7% CAGR to be valued at US$ 845 million

Mixed fruits and vegetables segment is expected to remain dominant in the global cold pressed juice market over the forecast period. The segment is expected to grow at a CAGR of 7.2% over the forecast period. Among the various type segments, the mixed fruits and vegetables segment is projected to register relatively high CAGR and gain significant market share by 2024 end in the global cold pressed juice market during the period of forecast.

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A recent study conducted by Persistence Market Research estimates that the global sales of cold-pressed juices in 2016 brought in about US$ 492 million in revenues. The study also predicts that by 2024, the global market for cold-pressed juices will have soared at 7% CAGR to be valued at US$ 845 million.

Cold Pressed Juice Market Segmented By Organic and Conventional Nature with Fruits, Vegetables, Mixed Fruits and Vegetables Type

According to the report, titled "Cold Pressed Juice Market: Global Industry Analysis and Forecast, 2016-2024," Persistence Market Research projects that adoption of cold-press technology has gained traction in the US and Canada. In 2016, sales of cold-pressed juices in North America accounted for more than one-third of global revenues. By the end of 2024, North America's cold-pressed juice market is anticipated to be valued over US$ 311 million.Consumption of cold-pressed juices in Europe is also expected to grow rapidly during the course of projection period. Through 2024, Europe's cold-pressed juice revenues will have soared at a CAGR of 7%. Latin America and Middle East & Africa are two regions which are likely to incur moderate revenue growth, while contribution of Asia-Pacific to global cold-pressed juice market revenues will witness a bordering decline over the forecast period.

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Companies
• PepsiCo Inc.
• Suja Life, LLC
• RAW Pressery
• Juice Warrior
• Hain BluePrint, Inc.
• Evolution Fresh
• Juice Generation
• Liquiteria LLC
• Juice Press
• PreshaFood

Trending - Organic Cold-Pressed Juices from Mixed Fruits & Vegetables

The report indicates that in 2017 and beyond, the global demand for cold-pressed juices will remain largely inclined towards their organic nature. Conventional nature of cold-pressed juices will gradually lose out to the surging popularity of organic cold-pressed juices. By accounting to nearly three-fourth of global revenues, the global sales of organic cold-pressed juices will have raked in revenues worth over US$ 630 million by the end of 2024. Based on the type of produce, more consumers are opting for cold-pressed juices derived from mixed fruits & vegetables.

The combined nutrition availed from a mix of fruits & vegetables treads along global health trends that strongly impact the choice of consumers. In 2016, more than US$ 130 million worth of fruit-based cold-pressed juices were sold globally, while revenues from global sales of vegetable-based cold-pressed juices reached US$ 85 million. However, cold-pressed juices extracted from mixed fruits & vegetables will continue to account for major chunk of global revenues, procuring nearly half a billion dollars by the end of 2024.

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Online e-Tailing Platforms Boost Sales of Cold-Pressed Juices

While retail stores are predominantly the largest distribution channels for cold-pressed juices, internet selling is also playing an instrumental role in boosting global sales. Through 2024, retail and grocery stores will account for around US$ 300 million in global revenues, but sales of cold-pressed juices will be the fastest through online e-tailing platforms.

Global revenues harvested from selling cold-pressed juices over the internet will register a 7.4% CAGR. Hyper market or supermarkets will also be one of the dominant distribution channels for cold-pressed juices. Convenience stores, on the other hand, will lose a considerable share of global cold-pressed juices revenues over the forecast period.

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This release was published on openPR.