July 24, 2020
According to the research report titled ‘Global Electric Juicing Machines Market Size study with COVID-19 impact, by Application (Household and Commercial), by Type (Centrifugal, Masticating and Others) and Regional Forecasts 2020-2026’, available with Market Study Report LLC, global electric juicing machines market is expected to register significant growth during 2020-2026.
For those uninitiated, an electric juicing machine is employed to extract juices and pulps from leafy greens, herbs, fruits, and vegetables. It consists of a fast-spinning metal blade that rotates against a mesh filter and segregates the flesh and the juice using centrifugal force.
Increasing consumption of fresh fruits & juices has enhanced the adoption of electric juicing machines, which in turn is a key factor fueling the market size. According to USDA Foreign Agriculture Service, the United States juice and smoothie bar industry was worth USD 2.5 billion in the year 2019 and is predicted to amass revenues worth USD 2.6 billion by the end of 2020. Likewise, UK juice and smoothie bar industry grew with 8.3% CAGR between 2014 and 2019. Thus, rapid expansion of juice and smoothie bar sector is contributing towards the growth of global electric juicing machines industry.
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The emergence of COVID-19 has increased the awareness among consumers regarding strong and healthy immune system, hence fruits & juices are witnessing widespread adoption, which in turn is favoring the market scenario. However, rising concerns regarding quality of juices produced using specific devices may act as a restraining factor to the market growth.
In terms of application spectrum, the market is split into commercial and household. As per type, worldwide electric juicing machines industry is bifurcated into masticating, centrifugal, and others.
The regional landscape of global electric juicing machines market comprises of Latin America, North America, Europe, Asia-Pacific and Rest of the World. The report states that North America accounts for a considerable market share and is expected to witness significant growth during the forecast period. Rising popularity of juice & smoothie bars is augmenting the regional demand for electric juicing machines.
On the other hand, Asia-Pacific market is anticipated to showcase healthy CAGR in the subsequent years. Growing demand for fresh fruits and juices along with favorable initiatives undertaken by various foodservice providers in a bid to expand their regional presence are complementing the business outlook in Asia-Pacific.
The major companies operating in global electric juicing machines industry are Champion Juicer, Ceado, Crown Pacific Global Corp., Waring Commercial Products, Zhejiang Supor Co., Ltd., Santos, Robot Coupe Ltd., Panasonic Corp., Koninklijke Philips N.V., and Omega Products International Inc.