COVID-19 Pandemic Impact on Fruit Juices and Nectars Market is anticipated to grow at a CAGR of 5.25% During Forecast Period 2020 to 2024

Fruit Juices and Nectars Market Global Research Report Information by Category (Organic and Conventional), Packaging Type (Bottles, Cartons, Cans and others), Distribution Channel

Market Analysis

Global COVID-19 Pandemic Impact on Fruit Juices and Nectars Market is predicted to touch USD 120.27 billion at a 5.25% CAGR between 2020 – 2024, as per the recent analysis by Market Research Future (MRFR). Fruit juice is a non-fermented beverage that is obtained by macerating or mechanically squeezing fruits. Fruit nectar is obtained from fruit juices & pureed fruits that contain the pulp. It is thicker than fruit juices. Both fruit nectars and juices have essential nutrients that are necessary for human health.

Various factors are propelling the global fruit juices and nectars market growth. As per the latest MRFR report, such factors include longer shelf life and refreshing taste, multiple health benefits of fruit juices such as boost energy, improve metabolism and keep the body hydrated, healthy digestion, reduce cholesterol, fight viral infections, and more, easy availability both online and offline, availability in convenient packages, burgeoning demand for organic beverages, and surging need for cold-pressed juices among fitness freaks for its nutritional benefits. Besides, consumers enhanced focus on wellness & health and growing in-home consumption of fruit juice during the COVID-19 outbreak is also adding market growth.

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Key Players

Eminent players profiled in the Global COVID-19 Pandemic Impact on Fruit Juices and Nectars Market Report include Citrus World, Inc. (US), Ocean Spray (US), Del Monte Fresh (US), Campbell Soup Company (US), The Coco-Cola Company (US), Keurig Dr Pepper Inc. (US), The Kraft Heinz Company (US), PepsiCo (US), SunOpta, Inc. (Canada), China Haisheng Juice Holdings Co. Ltd (Hong Kong), Kanegrade Ltd. (UK), AGRANA Group (Austria), SkyPeople Fruit Juice Inc. (China), Döhler Group (Germany), and Kerry Group Plc (Ireland).

Regional Analysis

Based on the region, the global COVID-19 Pandemic Impact on Fruit Juices and Nectars Market report covers the growth opportunities and recent trends across North America, Europe, the Asia Pacific (APAC), & the Rest of the World (RoW). Of these, North America will dominate the market over the forecast period. Easy accessibility of different fruit juices coupled with the burgeoning demand for fruit-based beverages is adding to the global fruit juices and nectars market growth in the region.

The global juices and nectars market in the APAC region is predicted to grow at a fast pace over the forecast period. Consumers growing demand for healthy beverages, increasing spending in beverages, and local & international market players constantly creating brand awareness through marketing campaigns are adding to the global juices and nectars market growth in the region.

The global juices and nectars market in Europe is predicted to have sound growth over the forecast period. Consumers’ high-income levels, coupled with the fast-paced modern lifestyles, are adding to the global juices and nectars market growth in the region.

Global Juices and Nectars Market in the RoW is predicted to have steady growth over the forecast period.

Industry Segmentation

The MRFR report offers an inclusive segmental analysis of the global fruit juices and nectars market report based on applications, fruits, and distribution channel.

By applications, the COVID-19 Pandemic Impact on Fruit Juices and Nectars Market is segmented into confectionery, bakery, dairy and food, beverages, and others. Of these, the beverage industry will lead the market over the forecast period for the growing popularity of fruit drinks and juices as a substitute for natural fruit.

By fruits, the fruit juices and nectars market is segmented into pear, pineapple, grapes, orange, apple, and others. Of these, the orange fruit will dominate the market over the forecast period. High consumer preference and high consumption of orange juice and orange flavored products like jelly and candies are adding to the growth of the segment.

By distribution channel, the fruit juices and nectars market is segmented into non-store based (e-commerce) and store-based (convenience stores, specialty retailers, supermarkets/hypermarkets, and others). Of these, store-based distribution channel will have a major share in the market over the forecast period for consumers’ one-stop shopping experience.

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NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.

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