Press release
Sugar Cane Juice Methodologies, Financial Overview And Growth Prospects Predicted By 2028
North America is projected to grow at the fastest CAGR in the global sugarcane juice market from 2021 to 2028. Due to the rising popularity of sugarcane juice as a detox drink amongst people, the presence of robust retail infrastructure, availability of products of different brands, and rising preference for natural juices and health drinks, the North America sugarcane juice market is projected to grow at a substantial rate. The presence of prominent manufacturers, such as Goya Foods, Inc. and Bhoomi, that offer their products through multiple retail channels across the region is anticipated to boost the regional market growth over the forecast period.
Manufacturers are also focusing on innovative and sustainable product packaging to meet the rising sustainability concerns of customers. For instance, Bhoomi offers sugarcane juice in a 100% plant-based bottle. Such innovations are expected to further drive the market growth over the forecast period.
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Packaging Type Insights
Based on the packaging type, the sugarcane juice market is bifurcated into bottles, cans, and others. The bottles segment accounted for a larger market share in 2020, and the cans segment is expected to register a higher CAGR in the market during the forecast period. Cans are cylindrical containers generally made of several metals, such as tin, steel, and aluminum. Cans are portable, leak-proof, and an excellent packaging alternative, as they require low maintenance than glass bottles. Moreover, cans are fancy and attractive, which is why most people prefer cans over bottles.
Distribution Channel Insights
The sugarcane juice market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others based on the distribution channel. The supermarkets and hypermarkets segment accounted for a larger market share in 2020. The online retail segment is expected to register a higher CAGR in the market during the forecast period. Due to a heavy customer base, manufacturers of sugarcane juice usually prefer to sell their products through supermarkets and hypermarkets. Moreover, such stores have modern storage facilities that ensure ideal storage conditions for sugarcane juice. Sugarcane juice brands are widely available across well-known supermarkets, such as Walmart, Kroger, and H-E-B stores.
Leading players in the sugarcane juice market include Goya Foods, Inc.; KGN London; NutriCana; Nutricane Beverages Pvt. Ltd.; Rakyan Beverages; So'Kanaa; Numaoy Raimaijon Co.,Ltd.; Hurrycane; Mr. Sugarcane; and Muddy Puddle Foods Pvt Ltd.; among others. These players are investing to expand their retail presence to cater to large consumer groups across different regions.
Company Profiles
• Goya Foods, Inc.
• KGN London
• NutriCana
• Nutricane Beverages Pvt. Ltd.
• Rakyan Beverages
• So'Kanaa
• Numaoy Raimaijon Co.,Ltd.
• Hurrycane
• Mr. Sugarcane
• Muddy Puddle Foods Pvt Ltd.
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The Insight Partners is a one-stop industry research provider of actionable solutions. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are specialists in industries such as technology, media, food & beverages, chemicals & materials, and telecommunication
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