USD 2.56 Billion
Pineapple Juice Market Size, Share, Growth Analysis, By Packaging(Tetra Pak Cartons, Metal Cans, Plastic, and Others), By Distribution Channel(Offline and Online), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30G2019 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
62
|Figures:
75
Pineapple Juice Market Insights
Global Pineapple Juice Market size was valued at around USD 2.56 Billion in 2022 and is expected to grow from USD 2.77 Billion in 2023 to reach USD 5.16 Billion by 2031, at a CAGR of 8.10 % during the forecast period (2024-2031).
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.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Offline
Fastest Growth
Online
Growth Rate
8.10% CAGR
Global Pineapple Juice Market ($ Bn)
Country Share for North America Region (%)
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Pineapple Juice Market Segmental Analysis
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.
Global Pineapple Juice Market By Distribution Channel
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Pineapple Juice Market Regional Insights
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.
Global Pineapple Juice Market By Region
- Largest
- Fastest
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Pineapple Juice Market Dynamics
Pineapple Juice Market Drivers
Health Benefits of Pineapple
- Pineapple juice is known for its numerous health benefits, including aiding digestion, boosting the immune system, and reducing inflammation. The increasing demand for healthy beverages is a significant driver for the pineapple juice market.
Pineapple Juice Market Restraints
Presence of Sugar Content
- Pineapple juice contains natural sugars, which can be a concern for some consumers. The growing awareness of the negative health effects of excessive sugar consumption can impact the demand for pineapple juice.
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Pineapple Juice Market Competitive Landscape
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
- Dole Food Company, Inc.
- Tropicana Products, Inc.
- Langer Juice Company, Inc.
- Purity Organic, LLC
- Welch Foods Inc.
- The Coca-Cola Company
- Grace Foods UK Limited
- Kepak Group Limited
- CHI Limited
- Refresco Beverages US Inc.
- Sun-Rype Products Ltd.
- Pacific Foods of Oregon, Inc.
- Big Train, Inc.
- Crown Beverages Limited
- S&W Fine Foods International, Inc.
- Old Orchard Brands, LLC
- Ocean Spray Cranberries, Inc.
Pineapple Juice Market Recent Developments
- In February 2024, following the successful launch of Kirin Hyoketsu Lemon last year, the RTD brand launched two new flavours, Peach and Pineapple, into Australia in the coming months.
- In September 2023, available nationwide in Canada beginning October 1, Jollibee’s NEW Mango Pineapple Quencher is a delicious new take on a menu staple. Featuring real, finely grated mango and pineapple pulp, the new Mango Pineapple Quencher has the flavor profile of a tropical escape.
- In June 2023, Wildwonder, the AAPI founded brand behind the world’s first sparkling prebiotic + probiotic beverage for gut health, added a fun, new flavor to the mix. Pineapple Paradise brings a tangy taste of the tropics exclusively to Sprouts stores across the country, in addition to wildwonder.com.
Pineapple Juice Key Market Trends
Growing Demand for Organic and Natural Products
- Consumers are becoming more health-conscious and are seeking out natural and organic products. This trend is evident in the pineapple juice market, where consumers are looking for juices that are free from additives, preservatives, and artificial sweeteners.
Increasing Demand for Ready-to-Drink (RTD) Formats
- Pineapple juice is increasingly available in convenient RTD formats such as cans, bottles, and pouches. This makes it easier for consumers to enjoy pineapple juice on-the-go, and it also allows manufacturers to tap into the growing demand for convenience products.
Growing Popularity of Pineapple Juice Blends
- Pineapple juice is often blended with other fruit juices such as orange, mango, and passionfruit to create unique and flavorful juice blends. This trend is driven by consumers' desire for new and exciting flavor experiences.
Rising Demand in Emerging Markets
- Emerging markets in 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.
Pineapple Juice Market SkyQuest Analysis
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 |
|
| 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 |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Pineapple Juice Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Pineapple Juice Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
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.
Analyst Support
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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