Selbyville, Delaware, Aug. 07, 2023 (GLOBE NEWSWIRE) --
The orange juice market valuation is estimated to surpass USD 7.9 billion by the end of 2032, as reported in a research study by Global Market Insights Inc.
The influx of various effective marketing strategies and promotional activities undertaken by orange juice manufacturers will significantly drive the market growth. Of late, a large number of companies are employing multiple tactics to create consumer awareness for driving the product demand and establishing brand loyalty. Strategic advertising campaigns are also playing a crucial role in promoting healthy and refreshing beverages. The rise in promotional activities, such as product sampling, in-store displays, and special offers will also augment the industry demand.
The orange juice market from the not-from-concentrate juice (NFC) segment is poised to gain significant traction from 2023-2032. NFC orange juice is made directly from fresh oranges without any concentration or reconstitution processes, thus preserving the natural flavors and nutritional value. The growing focus of consumers on seeking healthier and more natural beverage choices has also compelled numerous manufacturers to capitalize for offering a wide range of NFC orange juice options.
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The orange juice market share from the food & beverage segment is anticipated to witness similar growth trend through 2032. In order to ensure the widespread availability and accessibility of products, the food & beverage (F&B) sector is connecting multiple orange juice manufacturers with retailers, wholesalers, and food service providers. The robust presence of efficient distribution networks facilitates product supply to a vast consumer base across various locations, including supermarkets, convenience stores, cafes, and restaurants. The rise in strategic collaborations with distributors and food service partners will also propel the industry growth.
North America orange juice market will grow at a notable CAGR between 2023 and 2032. The growth can be attributed to the larger base of health-conscious consumers and the increasing preference for orange juice as a convenient and nutritious breakfast beverage. The introduction of innovative product variants, such as organic, pulp-free, and fortified options by various manufacturers for catering to diverse consumer preferences will also impel the regional market expansion.
Some of the leading companies operating in the orange juice industry are Louis Dreyfus Company (LDC), Citrosuco, Agroterenas Terras, Sucocitrico Cutrale, Citrofrut, and Food Specialties.
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Orange Juice industry News
- In November 2022, Louis Dreyfus Company B.V. developed a novel product manufactured from NFC orange juice with 30% less natural sugar and more than treble the dietary fiber content.
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Global orange juice industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Processing type trends
2.1.4 Distribution channel trends
Chapter 3 Global Orange Juice Market Insights
3.1 Industry segmentation
3.2 Impact of COVID-19 on world economy
3.3 Industry ecosystem analysis
3.3.1 Raw material analysis
3.3.2 Value addition at each stage
3.3.3 Vendor matrix
3.3.3.1 Orange juice manufacturers
3.3.3.2 Bottlers
3.3.3.3 Distributors
3.3.3.4 Retailers
3.4 Pricing analysis
3.4.1 Orange Juice Price by region, 2018 – 2032
3.4.1.1 North America
3.4.1.2 Europe
3.4.1.3 Asia Pacific
3.4.1.4 Latin America
3.4.1.5 MEA
3.5 Macro-economic factors
3.6 Impact of Russia-Ukraine war on orange juice market
3.7 Regulatory landscape
3.7.1 U.S.
3.7.1.1 FDA
3.7.1.2 Federal Regulations
3.7.2 Europe
3.7.3 China
3.7.4 India
3.8 Innovation & sustainability
3.8.1 Technology landscape
3.8.2 Future trends
3.8.3 Patent analysis
3.9 Industry impact forces
3.9.1 Growth drivers
3.9.1.1 Increasing consumer awareness about the health benefits of orange juice is a significant driver for market growth
3.9.1.2 Effective marketing strategies and promotional activities by orange juice manufacturers
3.9.1 Pitfall & challenges
3.9.1.1 Price volatility of oranges
3.10 Growth Protentional Analysis, 2022
3.11 Porter’s analysis
3.11.1 Industry Rivalry
3.11.2 Bargaining power of suppliers
3.11.3 Bargaining power of buyers
3.11.4 Threat of new entrants
3.11.5 Threat of substitutes
3.12 PESTLE analysis
3.13 COVID-19 impact on orange juice market, by distribution channel
3.13.1 Food & Beverage Industry
3.13.2 Food service providers
3.13.1 Supermarkets and hypermarkets
3.13.2 Convenience stores
3.13.3 Specialty food stores
3.13.4 Online retail
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About Global Market Insights Inc.
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
