LONDON--(BUSINESS WIRE)--The Global Juice Market is expected to grow at a CAGR of 3.96 percent from 2015-2019, according to a new report from tech-focused research firm, Technavio.
About the Report
The latest report by Technavio draws attention towards many new varieties of juices that have been introduced in the market to cater the needs of consumers. These days, cross-sectional varieties of juice that are a blend of fruits and vegetables are gaining popularity with consumers.
“New varieties of products like juices made from superfoods like acai berries are becoming popular because they have a higher content of antioxidants than other fruit juices. These new products also come with a range of health claims, which are boosting their sales among health-conscious consumers,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the increasing popularity of organic juice, which has become widely accepted in Western Europe and other developed areas.
“Almost all the leading juice vendors currently have organic juice brands in their product catalogues. Suja Elements, Go Green and True Organic are some of the leading organic brands on the market,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the Global Juice Market from 2015-2019. To calculate the market size, the report considers revenue generated from food service and retail sales of fruit juice and vegetable juice products.
Key Information Covered in the Report:
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Key Vendors:
- Citrus World
- Coca-Cola Co.
- Dr. Pepper Snapple Group Inc.
- PepsiCo.
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Market Growth Drivers:
- Introduction of New Varieties
- For a full detailed list, view our report.
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Market Challenges:
- Threat of Substitutes
- For a full detailed list, view our report.
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Market Trends:
- Increased Popularity of Organic Juice
- For a full detailed list, view our report.
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