The cold-pressed juices market size is expected to grow by USD 385.22 million from 2022 to 2027, according to research company, Technavio. In addition, the growth momentum of the market will progress at a CAGR of 7.22 percent during the forecast period. The growth of organised retailing of cold-pressed juices is notably driving the cold-pressed juices market. However, factors such as the short shelf life of cold-pressed juices may impede market growth. The market is segmented by product (conventional and organic), type (fruit and vegetable blend juices, fruit juices, and vegetable juices), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the conventional segment will be significant during the forecast period. The segment is highly popular in the consumer's mind due to the relatively low price of products compared with an organic category. However, traditional production of conventional fruit and vegetables has been used for the manufacture of juices compared to a small number of organic products. The lower cost of raw materials is propelling the growth of the segment. Nevertheless, the perceived existence of toxic pesticides and insecticide residues in non-organically cultivated fruits and vegetables can limit the overall sales of these products.
North America accounts for 41 percent of market growth. Cold-pressed juices have been increasingly consumed in North America, mostly in the US and Canada. In addition, the market has been growing because of a decrease in demand for soft drinks over juices, including cold-pressed juices. As a result of the opening of new outlets and significant food service chains in this region, such as juices and smoothies on their menus, the cold juice market is expected to show steady growth. Furthermore, the popularity of cold-pressed juices among millennials will also play a significant role in the growth of the market in the region.
The cold-pressed juices market is fragmented, and the companies are deploying organic and inorganic growth strategies to compete in the market. The report has analysed the market's competitive landscape and offers information on several market companies.
The related Global Sparkling Juices Market size is also estimated to grow at a CAGR of 10.43 percent between 2022 and 2027. The size of the market is forecast to increase by USD 920.29 million. The overall juices market is estimated to grow at a CAGR of 8.55 percent in the same time frame, and is estimated to increase by USD 104.21 billion.