Cold pressed juice refers to juices that are extracted or pressed from fruits and vegetables without applying any heat. Unlike traditionally produced juices which are heated during processing, no heat is applied during the production of cold pressed juices, helping retain maximum nutrients and enzymes of the fruits and vegetables. Cold pressed juices are considered healthier alternatives to conventional juices and are positioning themselves as superfoods. They contain no added sugars and are rich sources of vitamins, minerals, antioxidants and other plant compounds. Popular cold pressed juices include orange, apple, carrot and beetroot juices. The increasing health consciousness among consumers is driving the demand for cold pressed juices due to their perceived health benefits. The global cold pressed juice market is estimated to be valued at US$ 2.5 Bn in 2023 and is expected to exhibit a CAGR of 4.1% over the forecast period 2023-2031, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
Increasing health consciousness: As mentioned in the heading, increasing health consciousness is one of the major drivers for the growth of the global cold pressed juice market. Consumers are increasingly focusing on adopting healthier lifestyles and diets. Cold pressed juices are considered healthier alternatives to conventionally processed juices due to retaining maximum nutrients. Their perceived health benefits such as detoxification and boosting immunity are fueling their demand.
One driver from heading is Increasing health consciousness among consumers which is propelling the demand for cold pressed juices globally. As people are becoming more aware about the link between diet and health, they are shifting towards nutrient-dense beverages like cold pressed juices. The clean label and all-natural characteristics of cold pressed juices appeal to health-conscious consumers. With rising chronic disease prevalence, people want to make healthier choices, driving the cold pressed juice market growth.
SWOT Analysis
Strength: Cold pressed juices contain more nutrients compared to traditionally pasteurized juices as the cold pressing process does not involve any heat treatment. It helps extract higher amount of vitamins, minerals and plant enzymes from fresh fruits and vegetables. Many see it as a healthier option compared to alternative juice types. As a result, cold pressed juices are gaining more popularity among health conscious consumers.
Weakness: The cold pressed process makes the juice more viscous and pulpy compared to traditionally pasteurized juices. This thick consistency may not appeal to all consumers. In addition, cold pressing is a more time consuming and labor intensive process, making cold pressed juices more expensive to produce compared to alternative juice types.
Opportunity: As awareness about nutrition and healthy lifestyles is increasing significantly, demand for cold pressed juices is expected to rise steadily. Manufacturers can focus on innovative juice blends made from exotic superfruits to attract new consumers. Many see cold pressing as a greener production method and this presents an opportunity to market them based on environmental and sustainability factors.
Threats: Cold pressed juices have a shorter shelf life compared to heat treated juices due to the absence of any preservatives. This makes long distance transportation and storage more challenging. In addition, fluctuations in crop yields and raw material prices can impact the costs of production for cold pressed juice manufacturers.
Key Takeaways
The global cold pressed juice market share is expected to witness steady growth over the forecast period due to rising health consciousness.
The North America region currently dominates the market owing to high demand. The U.S. accounts for the major share in the region's market. Factors such as increasing inclination towards healthy beverages and awareness about nutrition are driving the growth of cold pressed juices in North America.
Europe is also a substantial market for cold pressed juices. Countries like Germany, UK, and Italy have emerged as prominent markets due to growing preference for natural juices without any additives. Manufacturer focus on innovative juice blends made from tropical fruits is helping gain new customers in the region.
Key players operating in the cold pressed juice market include Suja Life, LLC, PepsiCo Inc., Liquiteria, Evolution Fresh, Hain Celestial, Juice Generation and Bolthouse Farms. These companies offer a wide range of single ingredient and blended cold pressed juices catering to differing tastes. They also engage in promotional activities to increase visibility of their brands.
Get more insights on this topic: https://www.newsstatix.com/cold-pressed-juice-market-industry-insights-trends-cold-pressed-juice-market/
Explore more information on this topic, Please visit: https://allmeaninginhindi.com/guardians-of-code-fortifying-your-application-against-digital-intruders/