Juices - G20

The Juices market in G20 countries is experiencing steady growth due to changing customer preferences and local special circumstances.

Customer preferences: Customers in G20 countries are increasingly seeking healthier beverage options, leading to a rise in demand for juices. Juices are perceived as natural and nutritious alternatives to carbonated drinks, which are often associated with high sugar content and artificial ingredients. Additionally, the convenience of ready-to-drink juices appeals to busy consumers who are looking for quick and easy ways to incorporate fruits and vegetables into their diets.

Trends in the market: One of the key trends in the Juices market in G20 countries is the growing popularity of functional juices. These juices are fortified with vitamins, minerals, and other beneficial ingredients to promote specific health benefits. For example, juices enriched with antioxidants are marketed as immune-boosting, while those containing probiotics are positioned as gut health enhancers. This trend is driven by consumers' increasing focus on overall wellness and the desire to address specific health concerns through their beverage choices. Another trend in the Juices market is the rise of premium and organic juices. As consumers become more conscious about the quality and origin of their food and beverages, they are willing to pay a premium for juices made from organic fruits and vegetables. These products are perceived as healthier and more environmentally friendly, aligning with the growing demand for sustainable and ethically produced goods.

Local special circumstances: The Juices market in G20 countries is also influenced by local special circumstances. For instance, in countries with a large agricultural sector, such as Brazil and Argentina, there is a strong emphasis on using locally sourced fruits and vegetables in juice production. This not only supports domestic farmers but also ensures the freshness and quality of the ingredients used. In countries with a hot and tropical climate, such as Mexico and Indonesia, there is a high demand for refreshing and hydrating juices. These countries have a rich variety of tropical fruits, which are often used to create unique and flavorful juice blends. The availability of these fruits at affordable prices further drives the consumption of juices in these regions.

Underlying macroeconomic factors: The growth of the Juices market in G20 countries is also influenced by underlying macroeconomic factors. Rising disposable incomes and urbanization in emerging economies, such as China and India, have led to an increase in the middle-class population. This demographic shift has created a larger consumer base with greater purchasing power, driving the demand for premium juices. Furthermore, the increasing awareness about health and wellness in G20 countries is fueling the demand for juices. Consumers are willing to spend more on products that align with their health goals, leading to the growth of the Juices market. Additionally, the growing popularity of online shopping and e-commerce platforms has made it easier for consumers to access a wide range of juice products, further contributing to market growth. In conclusion, the Juices market in G20 countries is witnessing growth due to changing customer preferences, such as the demand for healthier and functional beverages. The rise of premium and organic juices, as well as the use of locally sourced ingredients, are also contributing to market development. Underlying macroeconomic factors, such as rising disposable incomes and increased awareness about health and wellness, are driving the growth of the Juices market in G20 countries.

Data coverage:

The data encompasses B2C enterprises. The at-home market covers retail sales via super- and hypermarkets, eCommerce, convenience stores, or similar sales channels. The out-of-home data encompasses all sales to hotels, restaurants, catering, cafés, bars, and similar hospitality service establishments. Combined numbers encompass both the at-home market and the out-of-home market. Both the at-home and the out-of-home market are valued at retail selling prices including all sales and consumption taxes.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.