Juices - Luxembourg

The Juices market in Luxembourg has been experiencing steady growth in recent years. Customer preferences for healthier beverage options, coupled with an increasing awareness of the importance of a balanced diet, have contributed to the growth of the Juices market in the country. Additionally, local special circumstances and underlying macroeconomic factors have also played a role in shaping the market trends. Customer preferences in Luxembourg have shifted towards healthier beverage options, with a growing demand for natural and organic products. Consumers are becoming more conscious of the ingredients in the products they consume and are actively seeking out juices that are free from artificial additives and preservatives. This trend is in line with the global shift towards healthier lifestyles and the increasing popularity of wellness and fitness trends. Trends in the Juices market in Luxembourg reflect the global market, with a growing demand for functional juices that offer additional health benefits. This includes juices that are enriched with vitamins, minerals, and antioxidants, as well as those that cater to specific dietary needs such as gluten-free or vegan options. The rise of on-the-go consumption and convenience also contributes to the popularity of single-serve juice products. Local special circumstances in Luxembourg, such as the country's high standard of living and disposable income, have created a favorable market for premium and specialty juices. Consumers in Luxembourg are willing to pay a premium for high-quality and unique juice products, including those made from exotic fruits or with innovative flavor combinations. This has led to an increase in the availability of premium juice brands and a diversification of the market. Underlying macroeconomic factors, such as the stable economy and increasing urbanization, have also contributed to the growth of the Juices market in Luxembourg. As the country continues to experience economic growth and development, consumers have more disposable income to spend on premium and specialty products, including juices. The urbanization trend has also led to a higher demand for convenient and on-the-go beverage options, further driving the growth of the Juices market. In conclusion, the Juices market in Luxembourg is developing in response to customer preferences for healthier beverage options, the global trend towards functional and premium juices, local special circumstances such as high disposable income and a preference for premium products, and underlying macroeconomic factors such as a stable economy and increasing urbanization. These factors have created a favorable market for the growth and diversification of the Juices market in Luxembourg.

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.