The global juice concentrates market is estimated to be valued at USD 73.7 billion in 2022. It is projected to reach USD 93.7 billion by 2027, recording a CAGR of 4.9% during the forecast period. The beverage sector within the application has witnessed a revolutionary shift toward a healthier profile, the demand for innovation within the product...
China’s demand for Fruit Juices has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer consumption...
The sugarcane juice market was valued at US$ 138.09 million in 2021 and is projected to reach US$ 233.61 million by 2028. It is expected to grow at a CAGR of 7.8% from 2021 to 2028. Sugarcane juice is extracted by pressing the peeled stalks of sugarcane in an extractor or a mill.It is commercially grown across Southeast Asia, North...
After declining in 2020, when the pandemic arrived in Pakistan, on-trade volume sales of juice recorded a strong recovery in 2021, while off-trade volume sales also saw slightly faster growth in this year. The improvement in the overall juice performance in 2021 came on the back of economic recovery and the easing of COVID-19 restrictions,...
Having declined during 2020, off-trade volume sales of juice rebounded above their pre-pandemic peak in 2021, with a more stable economic environment and the easing of COVID-19 restrictions playing a significant role in this. During the review period, trends within juice have primarily been a response to the double-digit inflation that has...
This study focuses on China’s Fruit Juices industry forecasts. In the two past decades, the industry has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consumer consumptions in China have transformed China’s society and economy. China is one of the world’s major producers...
Juice saw a steep decline in off-trade value and volume sales in 2020 as the economic impact of COVID-19 negatively affected demand. The category had already been suffering due to the growing perception that many products on offer were not as healthy as originally thought, with some consumers creating home-made juice instead. Nectars in particular...
Juice registered negative off-trade volume growth over the course of 2021 and this can be attributed mainly to the diminishment of consumption opportunities since the onset of the COVID-19 pandemic. Unlike carbonates and various other categories of soft drinks, juice is not widely considered a beverage for everyday consumption. Juice...
New Zealand’s initial response to the emergence of COVID-19 in 2020 involved closing its borders and implementing lockdowns and travel restrictions, significantly impacting on-trade juice sales. However, the country’s success in combating the pandemic has meant that since this period, the country has largely returned to levels of normalisation...
Juice in Australia was already experiencing a gradual and prolonged decline prior to the COVID-19 pandemic, at least in volume terms, but this decline was exacerbated in 2021. In contrast to most other categories in soft drinks, this decline was not due to consumers attempting to avoid convenience channels. Only a relatively small proportion...