A $1.7 Billion Global Opportunity for Juicer by 2026 - New Research from StrategyR

SAN FRANCISCO, Sept. 10, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Juicer - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 9; Released: April 2021
Executive Pool: 813
Companies: 42 - Players covered include Bharat Sales Corporation; Braun; Breville USA, Inc.; Cuisinart; Electrolux; HANS APPLIANCES; Hetal Plastic; Hurom India Private Limited; J.D. Products; Koninklijke Philips N.V; KUVINGS; M. M. INDUSTRIES; Midea Retail (PTY) Ltd.; Neo Multi Services; Nilkathvarni Engineering Co.; Panasonic Corporation; Shree Ram Kitchen Appliances Private Limited; SKG ELECTRIC; Sunbeam Products, Inc. and Others.
Coverage: All major geographies and key segments
Segments: Segment (Centrifugal Juicer, Masticating Juicer, Triturating Juicer)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Juicer Market to Reach $1.7 Billion by 2026
Amid the COVID-19 crisis, the global market for Juicer estimated at US$1.2 Billion in the year 2020, is projected to reach a revised size of US$1.7 Billion by 2026, growing at a CAGR of 6% over the analysis period. Centrifugal Juicer, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$839.3 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Masticating Juicer segment is readjusted to a revised 5.4% CAGR for the next 7-year period.

The U.S. Market is Estimated at $337.6 Million in 2021, While China is Forecast to Reach $347.7 Million by 2026
The Juicer market in the U.S. is estimated at US$337.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$347.7 Million by the year 2026 trailing a CAGR of 9.2% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.3% and 5.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 3.8% CAGR.

Triturating Juicer Segment to Reach US$396.2 Million by the year 2026
In the global Triturating Juicer segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$209.6 Million in the year 2020 will reach a projected size of US$302.9 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.