USD 2.56 Billion
Report ID:
SQMIG30G2019 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
62
|Figures:
75
Pineapple Juice Market size was valued at USD 2.77 Billion in 2023 and is poised to grow from USD 2.99 Billion in 2024 to USD 5.58 Billion by 2032, growing at a CAGR of 8.10% during the forecast period (2025-2032).
The primary driver boosting the global pineapple juice market is the rising consumption of fruit juice among customers due to its numerous health benefits. Consumption of nutritious, affordable, and convenient forms of energy and nutrition like packaged fruit juice has grown as a result of consumers' evolving lifestyles and eating habits. In addition, growing health concerns and public knowledge of the advantages of pineapple juice are significant market drivers.
The market for pineapple juice is expected to expand as a result of increasing demand for healthy beverages and expanding health & wellness awareness. Additionally, in order to accomplish their health objectives, health-conscious people continue to include fruit juices like pineapple juice in their daily diet. Additionally, in order to attract these consumers, a number of businesses are creating and launching diet-specific juices and beverages, which has led to projections of substantial market growth over the foreseeable future.
Moreover, a number of fruit juice producers are investing in R&D to create cutting-edge products such as sugar-free and preservative-free pineapple juice in an effort to broaden their customer base. Additionally, the market for pineapple juice is projected to witness an increase in demand due to changes in the beverage business. Opportunities for the market will arise during the forecast period as a result of technological development and innovation throughout the fruit juice supply chain, from manufacturing to consumption. But the government's strict export and import laws and restrictions are preventing the market for pineapple juice from expanding.
Due to the health advantages of a variety of ready-to-drink products and processed beverages, such as packaged fruit juice, the lockdown declared during the COVID-19 pandemic has had an effect on the beverage industry. The COVID pandemic has presented opportunities for market participants due to the rising demand for juices and energizing soft drinks. Consequently, a healthy market growth rate is anticipated in the future years.
The whole pineapple juice market has registered an appreciable gain over the last couple of years, as a result due to changing consumer preferences towards health beverages and natural products. The implication of this market is one that is dynamic and has several factors that are significant in influencing its development. The primary objective of the market is to quench the ever increasing need for pineapple juice, and the consumer-driven demand can be attributed to its subtly sweet taste and ability to keep consumers healthy. In addition to the increasing popularity of fruit juices, another major leading market’ driver is that people become more aware of the nutritional value of pineapple juice containing vitamins, minerals and antioxidants.
While taking a positive turn, the market is not free from challenges. It is another key limitation factor caused by climatic changes and natural catastrophes that influence the general production and distribution chain. Moreover, a risk occurring when the market depends on specific geographical regions for pineapple cultivation is the possible disruption that could take place in the supply chain. In the midst of these difficulties, there are many opportunities which the market participants can take advantage of. The rise in demand for pineapple juice as a desired mixer in cocktails, smoothies and other beverages presents opportunities to open up new paths for diversification and innovativeness. Also, the ongoing clean-label and organic products movement offers manufacturers an opportunity to join the high-end end segment of the market.
The global pineapple juice market is a complicated field, and for one to understand it well, he or she must have all the details concerning the consumers’ preference, the current supply chain and the external forces that influence production. Although climate-related hazards and the reliance on regional markets make the market a challenge, its growth possibilities are optimistic. The stakeholders in the pineapple juice market can take advantage of these opportunities and face these challenges head-on to gain a strategic position as they strive to align with the needs of the consumer in the future.
US Pineapple Juice Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 2.56 Billion
Largest Segment
Offline
Fastest Growth
Online
Growth Rate
8.10% CAGR
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The global pineapple juice market is segmented based on packaging, distribution channel, and region. In terms of packaging, the Pineapple Juice Market is grouped into tetra pak cartons, metal cans, plastic, and others. With respect to classification by distribution channel, the Pineapple Juice Market is segmented into offline and online. Based on region the global pineapple juice market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Pineapple Juice Market Analysis by Packaging
Tetra pak cartons held a market share of over 45% of the income generated by pineapple juice globally in 2022, and from 2023 to 2030, they are predicted to grow at the fastest rate (CAGR) of 9.7%. The development of this market is being driven by the rising demand for creative and appealing packaging for fruit juice products. Additionally, businesses are using these cartons for packaging because they are sustainable, recyclable, and ecologically favorable, which will boost industry demand over the forecast period.
Metal cans are expected to experience the second-highest growth rate, or 8.5%, during the forecast timeframe. The increasing demand for pineapple juice globally is anticipated to support segment growth over the future years. Metal cans are being used as containers more frequently because the entire supply chain is more sustainable. The young population's popularity and appetite for canned juice is possibly another factor in the market's growth. There is currently heavy investment made on the development of canned pineapple juice from some manufacturers, which will encourage future market growth.
Pineapple Juice Market Analysis by Distribution Channel
In 2022, the offline distribution channels segment generated more than 75% of the market share. Manufacturers promote and advertise their goods to sell them through retail stores. There are many different retail store types that add to the market's revenue, including department stores, hypermarkets, supermarkets, convenience stores, and specialty shops. It is therefore expected that the channel will continue to dominate the industry. Customers also have the option of physically inspecting the products through this retail channel, thereby attracting high revenues from this segment in the coming years.
In 2022, the offline route accounted for about 80% of the market for pineapple juice globally. In order to directly inspect the quality of the product, consumers are more likely to buy food, grocery items, and fruit juice from local shops i.e. offline section. In addition, the segment's development over the past few years is probably being driven by easy access to and searching for different juices through stores. Due to better distribution channel networks around the world, offline channels are anticipated to continue to dominate during the forecast period.
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North America made the largest contribution, accounting for more than 35% of the global market for pineapple juice in 2022. The market is increasing as a result of the increasing awareness of the benefits of fruit juice consumption for health. In the upcoming years, consumers who are more concerned with their health and wellbeing are anticipated to drive the industry's growth. Because of their high nutritional value, low calorie, and low sugar content, pineapple juice products are anticipated to be consumed more frequently in the United States and Canada, which will lead to market growth.
The pineapple juice market in Asia Pacific is anticipated to expand at the fastest rate, with a CAGR of 9.4% from 2023 to 2030. Pineapple juice drinking is extremely popular in China, India, and Japan, which will fuel regional demand. Due to rising population and rising disposable income, the region is also anticipated to expand at the fastest rate during the forecast era.
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Pineapple Juice Market Drivers
Health Benefits of Pineapple
Pineapple Juice Market Restraints
Presence of Sugar Content
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The industry is supported by the existence of numerous well-known companies like PepsiCo Inc., The Coca-Cola Company, The Kraft Heinz Company, and Fresh Del Monte Produce Inc., as well as regional producers. To expand their businesses, a number of makers and suppliers anticipated concentrating on the improvement of logistics and the distribution network. These efforts should increase the product's rate of adoption among consumers all over the world.
Pineapple Juice Market Top Player’s Company Profiles
Pineapple Juice Market Recent Developments
Growing Demand for Organic and Natural Products
Increasing Demand for Ready-to-Drink (RTD) Formats
Growing Popularity of Pineapple Juice Blends
Rising Demand in Emerging Markets
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Pineapple Juice market is the primary driver of the rising consumption of fruit juice among customers due to its numerous health benefits. Consumption of nutritious, affordable, and convenient forms of energy and nutrition like packaged fruit juice has grown as a result of consumers' evolving lifestyles and eating habits. In addition, growing health concerns and public knowledge of the advantages of pineapple juice are significant market drivers. : Emerging markets such as Asia-Pacific, Latin America, and the Middle East are experiencing a growing demand for fruit juices, including pineapple juice. This is driven by the increasing disposable incomes, urbanization, and changing dietary habits of consumers in these regions.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.56 Billion |
Market size value in 2031 | USD 5.16 Billion |
Growth Rate | 8.10% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Pineapple Juice Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Pineapple Juice Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Pineapple Juice Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Pineapple Juice Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG30G2019
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