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Global Juicer Market 2019-2023 | Growing Adoption of Smart Juicers to Boost Growth | Technavio

October 11, 2019 GMT
Global Juicer Market 2019-2023 | Growing Adoption of Smart Juicers to Boost Growth | Technavio
Global Juicer Market 2019-2023 | Growing Adoption of Smart Juicers to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Oct 11, 2019--

The global juicer market is expected to post a CAGR almost 8% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global juicer market 2019-2023. (Graphic: Business Wire)

The increase in health consciousness among consumers is encouraging them to consume healthy food and beverage items such as fresh fruit and vegetable juices. Moreover, as packaged juices are known to contain copious amounts of sugar and preservatives, consumers are inclined to opt for fresh juices. Various foodservice establishments and most juice bars are expanding their offerings with different types of fruit and leafy vegetable juices. Fruit juices are rich in antioxidants and thus help to strengthen the immune system, which is likely to further attract consumers. Thus, increasing health consciousness and the rise in the number of juice bars will boost the demand for juicers over the forecast period.

To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31544

As per Technavio, the growing adoption of smart juicers, will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Juicer Market: Growing Adoption of Smart Juicers

Vendors are introducing smart juicers to cater to the growing demand for innovative juicer products with advanced features. These smart juicers are not only aesthetically appealing but also user-friendly. These juicers are gaining prominence due to the adoption of smart connectivity as they can be controlled using a mobile app and enable users to access food and drink recipes. These juicers are equipped with alerts to detect faults with the appliance and offer enhanced safety. In addition, manufacturers are getting their products energy star certified. Thus, with the availability of such advanced functionalities in smart juicers, the market for juicers is expected to showcase a positive outlook during the forecast period.

“Apart from the growing adoption of smart juicers, the rising focus on manufacturing energy-efficient and lightweight juicers and the increased adoption of multi-functional and advanced products are some other major factors that will boost market growth during the forecast period,” says a senior analyst at Technavio.

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Global Juicer Market: Segmentation Analysis

This market research report segments the global juicer market by product (centrifugal juicer, masticating juicer, and triturating juicer), end-users (residential and commercial) and geography (APAC, Europe, MEA, North America, and South America).

Europe led the market in 2018, followed by APAC, North America, MEA, and South America respectively. During the forecast period, Europe is expected to maintain its dominance over the global market, due to the increasing demand for nutrient-dense fresh juices, especially organic juices and the introduction of improved juicers by manufacturers.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Request a free sample report

Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191011005029/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email:media@technavio.com

Website:https://www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: FOOD/BEVERAGE HARDWARE RETAIL TECHNOLOGY

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 10/11/2019 01:00 PM/DISC: 10/11/2019 01:01 PM

http://www.businesswire.com/news/home/20191011005029/en