Market Insight
NFC Juices Market Size was valued at USD 2.2 Billion in 2022. The NFC Juices market industry is projected to grow from USD 2.27 Billion in 2023 to USD 3.02 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 3.60% during the forecast period (2023 - 2032)
Primary Drivers and Main Deterrents
NFC juices are popular among consumers, as these comprise a higher level of nutrition as well as flavors compared to traditional beverages. This type of juice is a healthier alternative to the traditional drinks laden with sugar and calories. With the constant upgradation in consumers living standards, preference for products that enhance health has surged as well. Nutritious and low-calorie beverages such as NFC juices market are scaling the popularity chart among people.
Changes in the climatic conditions combined with the rise in hectic lifestyles have been unfavorable for peoples health as well as their energy levels. This steers their focus towards beverages that have high nutrition and are natural, thereby, benefitting the NFC juice industry.
NFC juice offers a variety of natural flavors of different fruits, another aspect that bolsters its appeal among consumers. Second to food, the beverage landscape is surging rapidly, subject to a series of technological innovations. The NFC juice industry will thrive parallel to the stunning growth of the beverage industry.
Segmental Insight
Types of NFC juices include blends, lemon, orange, pomegranate, apple, and others. In 2020, orange type was the dominant segment with the highest share of 22.93% while the blends type will be the fastest segment at the rate of 3.95% during the analysis period.
Key categories are organic as well as conventional. The higher share in the market is owned by the conventional segment, accounting to 79.56% as recorded in 2020, whereas the fastest growth rate of 4.31% will be captured by the organic segment.
Request for free sample copy: https://www.marketresearchfuture.com/sample_request/10600
Regional Study
Europe will continue being the market leader, clinching a significant growth rate from 2021 to 2028. The demand for NFC juices is extremely high in the region, especially in Germany, thanks to the high purchasing power of people, and the business strategies adopted by the top brands. The widespread availability of a variety of NFC juices, and the alarming rise in diabetes and obesity would favor the European market as well.
MRFR projects the Asia Pacific market to thrive at the fastest rate of 4.05% over the evaluation period. The NFC juices industry in the region is growing relentlessly on the back of rising preference for ready-to-eat food items. Booming urban population across emerging nations, and the surging disposable incomes of the consumers have raised the sales of ready-to-eat items like NFC juices. Intense competition in the regional market is encouraging brands to reach out to customers via distribution channels like specialty retail stores, direct sales, pharmacies, drug stores, supermarkets, mass merchandisers and hypermarkets. The soaring number of online stores as well as supermarkets offering consumers with an alternate medium for high-end products should enhance the profit margins for the APAC market in the years to come.
Key Industry Contenders
Market Research Future recognizes a few major NFC juice manufacturers, including Kerr Concentrates (US), Louis Dreyfus Company (Netherlands), Lemonconcentrate S.L.U (Spain), Dhler (Germany), CitroGlobeS.r.l. (Italy), Austria Juice (Austria), Ariza b.v. (Netherlands), Kiril Mischeff (UK), Prodalim Group (Israel), Sun Impex (UAE), and more.
Key Players are:
Dhler (Germany), Kerr Concentrates (US), Citro Globe S.r.l. (Italy), Louis Dreyfus Company (Netherlands), Kiril Mischief (UK), Lemon Concentrate S.L. (Spain), Austria Juice (Austria), Prodalim Group (Israel), Sun Impex (UAE), and Arizba BV (Netherlands)
Related Reports:
Low Alcohol Beverages Market Research Report Information By Type (Wine, Beer, And Spirits), By Distribution Channel (Store-based, And Non-store based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) Market Forecast Till 2030
Plant-Based Food Beverages Market Research Report Information By Product Type (Plant-Based Milk Derivatives, Plant-Based Milk, Plant-Based Meat, Bakery Confectionery, Sweet Savory Snacks, Plant-Based Juices, RTD Tea Coffee), By Source (Soy, Wheat, Pea, Coconut, Almond, Cashew), By Category (Conventional And Organic), By Distribution Channel (Store-Based And Non-Store-Based), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) Market Forecast Till 2030
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.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York, New York 10013, United States of America
PH no.: +1 646 845 9312
