The global Cold Pressed Juice Market is estimated to be valued at US$ 799.2332 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Cold pressed juice is extraction method that extracts juice from fruits and vegetables without heating them above approximately 46 °C. This method retains the vitamins, minerals, antioxidants and enzymes by avoiding exposure to heat, light and oxygen. Cold pressed juices are considered nutritionally dense and rich in antioxidants having health benefits.
Market key trends:
Rise in health consciousness among consumers is a major trend driving the growth of the cold pressed juice market. Consumers are increasingly preferring healthy beverage options as part of their daily diet and lifestyle. Cold pressed juices are considered healthier than conventional juices as they are raw, contain no preservatives and retains original nutrients. This has been a key factor for rising popularity of cold pressed juices among health conscious population globally.
Segment Analysis
The Global Cold Pressed Juice Market Size is segmented into fruit juices and vegetable juices. The fruit juices segment dominated the market in 2022 and is expected to continue its dominance over the forecast period. This is primarily attributed to increasing demand for fruit juices among consumers due to their nutritional properties and health benefits. Fruit juices contain essential vitamins and minerals and help boost immunity. Moreover, the rising demand for cold pressed fruit juices free from preservatives and additives is further fueling the growth of this segment.
Key Takeaways
The global cold pressed juice market is expected to witness high growth, exhibiting a CAGR of 12% over the forecast period, due to increasing health consciousness among consumers and rising awareness about the various health benefits of cold pressed juices.
Regional analysis:
North America dominated the global market in 2022 and is expected to maintain its lead over the forecast period. This is attributed to significant popularity and high consumption of cold pressed juices in the US and Canada. Availability of multiple juices brands and health-conscious demographics are key factors driving demand in the region. Asia Pacific is projected to exhibit the fastest growth over the next few years owing to growing western influence, increasing disposable incomes, and rising health and wellness trend in countries like India and China.
Key players: Key players operating in the cold pressed juice market are PepsiCo Inc., Suja Life, LLC, RAW Pressery, Juice Press, Preshafood, Evolution Fresh, Inc., Juice Generation, Liquiteria, Hain Celestial, and Juice Warrior. PepsiCo Inc., Suja Life, LLC, and RAW Pressery hold a significant share of the market owing to their diverse product portfolios and wide distribution networks across various regions.
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