Juices - G7

The Juices market in G7 countries has been experiencing significant growth in recent years.

Customer preferences: Consumers in G7 countries have shown a growing preference for healthy and natural beverages, which has contributed to the increasing demand for juices. Many consumers are becoming more health-conscious and are seeking out products that are low in sugar and high in nutritional value. As a result, there has been a shift towards juices that are made from fresh fruits and vegetables, as well as those that are organic and free from artificial additives.

Trends in the market: One of the key trends in the Juices market in G7 countries is the rise of functional juices. These are juices that are fortified with additional vitamins, minerals, and other beneficial ingredients. Functional juices are particularly popular among consumers who are looking for ways to improve their overall health and well-being. Additionally, there has been a growing interest in exotic and tropical fruit juices, as consumers are increasingly seeking out unique and adventurous flavors.

Local special circumstances: In the United States, the Juices market has been influenced by the growing popularity of juicing as a health trend. Many Americans have embraced juicing as a way to incorporate more fruits and vegetables into their diets, leading to an increase in the consumption of fresh juices. In Canada, there has been a strong demand for organic and natural juices, as Canadians are becoming more conscious of the environmental impact of their food choices. In the United Kingdom, there has been a shift towards premium and high-quality juices, as consumers are willing to pay more for products that are perceived to be healthier and more sustainable. In Germany, there has been a growing interest in functional juices, as consumers are increasingly looking for ways to support their immune systems and improve their overall health. In France, there has been a rise in the consumption of organic juices, as French consumers are becoming more concerned about the use of pesticides and other chemicals in food production. In Italy, there has been a growing demand for juices made from local and traditional fruits, as Italians are proud of their culinary heritage and value products that are rooted in tradition. In Japan, there has been a shift towards juices that are made from exotic and tropical fruits, as Japanese consumers are known for their adventurous and sophisticated palates.

Underlying macroeconomic factors: The growth of the Juices market in G7 countries can be attributed to several underlying macroeconomic factors. Firstly, rising disposable incomes have allowed consumers to spend more on premium and high-quality products, including juices. Secondly, increasing urbanization and changing lifestyles have led to a greater demand for convenient and on-the-go beverages, such as juices. Thirdly, the growing awareness of the health benefits of juices has driven the demand for these products. Finally, the expansion of distribution channels, such as supermarkets and online platforms, has made juices more accessible to a wider range of consumers. Overall, the Juices market in G7 countries is expected to continue growing in the coming years, driven by changing consumer preferences, innovative product offerings, and favorable macroeconomic conditions.

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.