Orange juice is a liquid extract of the orange fruit that is produced by squeezing or reaming oranges. It comes in several different varieties, including blood orange, navel oranges, valencia orange, clementine, and tangerine. It is easily available in hypermarkets & supermarkets, convenience stores, online retail. It is available in bottles, cans, cartons. Orange juice is a favorite beverage high in antioxidants and micronutrients like vitamin C, folate, and potassium.
MARKET SCOPE
The "Global Orange Juice Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the orange juice market with detailed market segmentation by category, packaging type, distribution channel, and geography. The report provides key statistics on the market status of the leading orange juice market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on category, the global orange juice market is segmented into organic and conventional
- Based on packaging type, the global orange juice market is segmented into bottles, cans, cartons, and others
- Based on distribution channel, the global orange juice market is segmented into hypermarkets & supermarkets, convenience stores, online retail, and others.
MARKET DYNAMICS
Drivers:
- The requirement of orange juice has increased due to its rich flavor and high nutritional content such as the presence of vitamin C, potassium, thiamin, folate, flavonoids, phytochemicals, antioxidants, anti-inflammatory, and anti-bacterial properties.
- It aids in maintaining a healthy digestive system &immune system, enhances detoxification &blood circulation, reducesinflammation, regulates diabetes, improves cardiac health, cures anemia, lowers cholesterol, and prevents scurvy.
- The fortification with calcium, vitamin D, omega 3-fatty acids, and other minerals has increased the requirement of processed orange juice.
- Rising R&D activities drive the orange juice market.
Restraints
- Increased competition, traditional practices of extraction, availability of substitute products, unorganized sector,loss of the orange production, and government restrictions.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The orange juice market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the orange juice market in these regions.
IMPACT OF COVID-19 ON ORANGE JUICE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
MARKET PLAYERS
The report covers key developments in the orange juice market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from orange juice market are anticipated to lucrative growth opportunities in the future with the rising demand for orange juice in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the orange juice market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Aldi
- The Coca-Cola Company
- PepsiCo
- Nestle
- ITC Limited
- Florida's Natural Growers
- Dabur
- Ocean Spray
- Tree Ripe Fruit Co.
- Uni-President Enterprises Corporation