Market Research Report
Asia Pacific Fruits and Vegetables Juice Market - Growth, Trends, and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence Pvt Ltd||Product code||946119|
|Published||Content info||90 Pages
Delivery time: 2-3 business days
|Asia Pacific Fruits and Vegetables Juice Market - Growth, Trends, and Forecasts (2020 - 2025)|
|Published: June 1, 2020||Content info: 90 Pages||
Asia Pacific Fruits and Vegetables Juice Market is projected to grow at a CAGR of 4.48% during the forecast period 2020-2025.
Growing Demand for Organic Beverages
Consumers are opting for products that do not have chemical ingredients, leading to the rising demand for natural and organic food and beverages. This change in the consumer's preference will lead to high demand for juices that are organic in nature. Owing to increasing preference for organic food products, retail chains are increasingly offering organic products such as organic dairy products, organic drinks, organic juices, organic cereals, organic meat, and others are expected to grow in near future. As a result, consumers today are increasingly aware of the rampant usage of synthetics ingredients in packaged juices and have been dissuaded from the usage of such products. This, in turn, is propelling the demand for natural and organic juices market across the region.
China Holds the Largest Market Share
China is emerging as the world leader in terms of agriculture produce. According to FAO, the country is currently the leading producer of fruits and vegetables, surpassing India and the United States, which is one of the factors thriving the associated processed food market, majorly the fruit and vegetable juice market. Furthermore, the high purchasing power of the Chinese population, aided with surplus domestic production, has contributed to increased juice consumption within the country. Keeping the country's population into consideration, the fruit and vegetable juice market can be estimated as a flourishing industry in China.
In Asia Pacific fruits and vegetables juice market, consumers prefer innovation in fruit and vegetable juices, an example of which is the natural ingredient products. The major players are focusing on introducing new products in the market studied, in order to cater to the interests of the consumers. Some of the major players in the market studied are PepsiCo Inc, Coca-Cola Company, Huiyuan Group Co., Ltd., Dabur India Ltd, and Fresh Del Monte among others.