According to a new report, published by KBV research, The Global Juicer Market size is expected to reach $6.29 billion by 2031, rising at a market growth of 12.8% CAGR during the forecast period. In the year 2023, the market attained a volume of 52,710.1 thousand units, experiencing a growth of 12.2% (2020-2023).
The Manual Juicer market is expected to witness a CAGR of 12.4% during (2024 - 2031). Manual juicers are favored for their affordability, simplicity, and portability, making them ideal for budget-conscious consumers or those with minimal juicing needs. These juicers are particularly popular in regions with lower penetration of electric appliances or where traditional, non-electric food preparation methods are preferred. Additionally, manual juicers are valued for their durability and ability to function without electricity, which appeals to eco-conscious buyers and those in areas with unreliable power supplies.
The Centrifugal Juicer market dominated the Global Juicer Market by Product in 2023; thereby, achieving a market value of $3.5 billion by 2031. This dominance is due to its affordability, rapidity, and user-friendliness, which render it the preferred option for consumers who are time-sensitive and budget-conscious. Centrifugal juicers are widely recognized for their ability to extract juice quickly from various fruits and vegetables, which appeals to a broad consumer base, especially those new to juicing. Their widespread availability in retail and online channels further contributed to their market success.
The Specialty Stores market is expected to witness a CAGR of 13% during (2024 - 2031). Often focused on home appliances or kitchenware, these stores cater to consumers seeking expert advice and personalized recommendations. Specialty stores are known for offering premium products and brands, making them a preferred choice for discerning buyers looking for high-quality juicers or specific features. Their well-trained staff and after-sales services further enhance the shopping experience, contributing to their strong performance in the market.
Full Report: https://www.kbvresearch.com/juicer-market/
The Europe region dominated the Global Juicer Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $2.3 billion by 2031. The Asia Pacific region is experiencing a CAGR of 13.3% during (2024 - 2031). Additionally, The North America region would exhibit a CAGR of 12.6% during (2024 - 2031).
By Technology (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
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