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Juicer Market to be dominated by Electric Juicer Segment at a CAGR of 6.60 percent -Says Stellar Market Research

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PUNE, India, July 26, 2024 /PRNewswire/ — The Juicer Market size was valued at USD 2.43 Bn in 2023 and the total Juicer market size is expected to grow at a CAGR of 6.60 percent from 2024 to 2030, reaching nearly USD 3.80 Bn by 2030. Juicers are becoming more popular worldwide as a result of customer’s growing preference for fresh fruit and vegetable juices over packaged juices due to growing health concerns. Fresh fruit and vegetable juices are full of antioxidants, which boost immunity and have positive effects on the body’s physical, mental, and spiritual health. The growing popularity of juicing as a way to improve one’s health and as a means to reduce weight, improve overall health, control blood sugar levels, improved digestion, and have more energy. 

Market Size in 2023

USD 2.43 Bn.

Market Size in 2030

USD 3.80 Bn.

CAGR

6.60 percent (2024-2030)

Forecast Period

2024-2030

Base Year

2023

Number of Pages

287

No. of Tables

110

No. of Charts and Figures

175

Segment Covered

By Type, Category, Application, and Distribution Channel.

Regional Scope

North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage

Market Share, Size & Forecast by Revenue | 2024−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, MMR Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

Get your Sample PDF: https://www.stellarmr.com/report/req_sample/Juicer-Market/2098 

Based on Type, the centrifugal Juicer Segment dominates with significant CAGR

The centrifugal segment dominates the global juicer market because of its efficiency and affordability, appealing to a wide range of consumers. Operating at high speeds, typically between 6,000 to 14,000 RPM, centrifugal juicers can extract juice quickly, catering to time-conscious users. Their ability to handle a variety of fruits and vegetables, including harder produce like carrots and apples, makes them versatile. In comparison to masticating juicers, which are generally more expensive and operate at around 80 RPM, centrifugal juicers offer a cost-effective alternative, attracting budget-conscious consumers. For instance, Breville’s JE98XL model has been highly rated for its performance and affordability. Additionally, centrifugal juicers possess a simpler design and fewer components, making assembly, disassembly, and easy Cleaning by enhancing user convenience. According to SMR, approximately 65% of juicer users prioritize ease of cleaning when choosing a juicer. The combination of speed, versatility, ease of use, and affordability ensures the centrifugal segment’s dominance in the global juicer market.

Asia Pacific to be the largest in the Juicer Industry during the forecast period.

In 2023, the Asia Pacific region held a leading position in the global juicer market attributing to the growing middle class and their growing inclination towards health-conscious living, which has increased the demand for juicers. The rise in urbanization rates in nations such as China and India has been significant, with China experiencing a 60% increase in urban population over the last decade contributing to the increased consumption of fresh juices. Technological advancements and innovations like smart juicers with IoT capabilities are enhancing the market demand for kitchen appliances. South Korea and Japan are at the forefront of developing cutting-edge juicers influencing their technological prowess. Rising disposable incomes, particularly in China where per capita income is growing by 4.4% annually, are enabling consumers to purchase premium kitchen appliances. Additionally, government policies that are supportive of small and medium-sized enterprises (SMEs) in countries such as India are contributing to the growth of the manufacturing sector, encouraging local production and decreasing the dependence on imports. The increasing focus on health indicated by a 25% increase in fitness club memberships from 2017 and 2022, is also driving the juicer market, with consumers placing a higher value on nutritious diets.

Competitive Landscape

The global juicer market is highly competitive with numerous key players such as AB Electrolux, Bajaj Electricals Ltd., Borosil Ltd., Breville Group Ltd, Conair, HUROM, and Hamilton Beach Brands Holding Co. among others.

Key Player Offering

HUROM has unveiled its latest innovation, the H70 Easy Clean Slow Juicer. This compact yet powerful juicer combines the brand’s patented Slow Squeeze Technology with an upgraded easy-clean chamber set for maximum efficiency and convenience. Designed to preserve nutrients and extract the most juice from produce, the H70 offers a balance of performance and practicality, making it an ideal choice for health-conscious consumers seeking a hassle-free juicing experience.

For Key Players and Their Offerings

Request for a Sample Report: https://www.stellarmr.com/report/req_sample/Juicer-Market/2098 

Highlights:

Historic Market Size (2018 to 2022)Past Pricing and price curve by region (2018 to 2022)Market Size, Share, Size & Forecast by Different Segment | 2024−2030Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by RegionMarket Segmentation – A detailed analysis by Type, Category, Application, Distribution Channel, and RegionCompetitive Landscape – Profiles of selected key players by region in a strategic perspectiveCompetitive landscape – Market Leaders, Market Followers, Regional playerCompetitive benchmarking of key players by regionPESTLE AnalysisPORTER’s analysisValue chain and supply chain analysisLegal Aspects of business by regionLucrative business opportunities with SWOT analysisRecommendations

Stellar Market Research a leading Consumer Goods & Services research firm, has also published the following reports:

Liquid Dietary Supplements Market size was valued at USD 21.54 Bn. in 2023 and the Liquid Dietary Supplements revenue is expected to grow at a CAGR of 8.74 % from 2024 to 2030, reaching nearly USD 38.72 Bn. by 2030.

Blenders Market size was valued at USD 3.2 Bn. in 2023 and reaching nearly USD 4.59 Bn. by 2030.

Feed Mixer Market was valued at USD 32.00 Million in 2023. Global Feed Mixer Market size is estimated to grow at a CAGR of 3.9 % over the forecast period.

Capsule Coffee Machine Market size was valued at USD 2970.44 Mn. in 2023 and the total Capsule Coffee Machine Market size is expected to grow at a CAGR of 6.62% from 2024 to 2030, reaching nearly USD 4652.56 Mn. by 2030.

Sports Nutrition Market size was valued at US$ 47.08 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 8.5% from 2024 to 2030, reaching nearly US$ 83.35 Bn.

Dry Mix Mortar Market is expected to reach US$ 82.39 Bn. in 2030 from US$ 58.55 Bn. in 2023 at a CAGR of 5% during the forecast period.

Mead Beverage Market size was valued at USD 2.8 Bn. in 2023 and the total Global Mead Beverage revenue is expected to grow at a CAGR of 7.32% from 2024 to 2030, reaching nearly USD 4.59 Bn. by 2030.

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems.

Contact Stellar Market Research:
S.no.8, h.no. 4-8 Pl.7/4,
Pinnac Memories Fl. No. 3,
Pune, Maharashtra, 411029
sales@stellarmr.com
+91 9607365656
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HUAWEI CONNECT 2024 | Huawei Unveils the Brand-New Xinghe Intelligent Fabric Solution, Powering the AI Era

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SHANGHAI, Sept. 21, 2024 /PRNewswire/ — At HUAWEI CONNECT 2024, over 300 industry leaders, experts, and scholars gathered for the data center network session themed “Xinghe Intelligent Fabric, Powering the AI Era.” The event featured discussions on the evolution and technological advancements of data center networks. During the session, Arthur Wang, President of Data Center Network Domain at Huawei’s Data Communication Product Line, introduced the newly upgraded Xinghe Intelligent Fabric solution. This cutting-edge solution aims to establish a data center network characterized by one map for intelligent operations and maintenance (O&M), one network for diverse computing, and one platform for simplified deployment, providing a robust network infrastructure to support enterprises’ digital and intelligent transformations.

In his keynote speech, Arthur Wang outlined the emerging trends in data center network development. He emphasized that in the AI era, data center networks require both a “brilliant brain” and “resilient bones.” The newly launched Xinghe Intelligent Fabric solution is designed to deliver a powerful network infrastructure tailored for the AI era, featuring:

One Map for Intelligent O&M: Zero Management Concerns

Huawei’s exclusive network digital map enables rapid cross-data center and cross-vendor fault identification within minutes. Additionally, the NetMaster network large model facilitates AI-driven O&M, eliminating manual intervention and ensuring zero management concerns.

One Network for Diverse Computing: Zero Service Interruptions

The Xinghe Intelligent Fabric supports various application scenarios, including intelligent computing, general-purpose computing, and storage. The innovative Network Scale Load Balancing (NSLB) algorithm increases network throughput to 95% and boosts AI training efficiency by over 10%. With the exclusive iReliable three-level fast switchover capability, it achieves sub-millisecond switchover, guaranteeing zero service interruptions.

One Platform for Simplified Deployment: Zero Configuration Errors

By employing digital twins to simulate networks in advance and verify configurations post-deployment, the solution ensures 100% accuracy in network changes. By harnessing network-security convergence capabilities, AI creates an intelligent security matrix to analyze millions of security policies, achieving zero configuration errors.

Looking ahead, Huawei will continue to collaborate with industry partners to enhance research and innovation in data center networks, promote intelligent upgrades, and create greater value for the industry.

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SOURCE Huawei

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Cultivating a Culture of Peace: International Day of Peace Statement by Education Cannot Wait Executive Director Yasmine Sherif

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NEW YORK, Sept. 21, 2024 /CNW/ — The longing for peace transcends time, geography and religion. Based on justice, human rights and universal values outlined in the UN Charter, a culture of peace brings us all together in our common agenda for humanity. We can only co-exist by aligning ourselves with such a world order.

On today’s International Day of Peace, we call on world leaders to end conflict and embrace a culture of peace as enshrined in the UN Charter and related international law.

As the UN General Assembly outlined in the Declaration and Programme of Action on a Culture of Peace  a quarter of a century ago, this must include: “Respect for life, human rights and fundamental freedoms; the promotion of non-violence through education, dialogue and cooperation; commitment to peaceful settlement of conflicts; and adherence to freedom, justice, democracy, tolerance, solidarity, cooperation, pluralism, cultural diversity, dialogue and understanding at all levels of society and among nations.”

Educating for peace starts at home and continues in school through years of education. This takes place during the most formative years of a child learning about their identity, ethics, values, conscience, courage and compassion. Wherever there has been a failure in imparting on children the imperative for peace, the world is turned upside down. This is a global failure with no geographical boundaries.

Today, we live in a world of unprecedented violence, armed conflict and chaos. All the genuine and heartfelt commitments made in 1945 in the UN Charter seem to be fading away. Children and adolescents are the most vulnerable, the least protected, and the most impacted. They bear the brunt. 

Global conflicts killed three times as many children in 2023 than in the previous year, according to the United Nations. The number of forcibly displaced people reached an unprecedented 120 million in May 2024.

“In 2023, the United Nations verified a record 32,990 grave violations against 22,557 children in 26 conflict zones, a 35% increase from the previous year,” according to recent analysis by the UN.

We can end these violations and invest in a constructive co-existence globally. We can use our resources for education, rather than for wars. In classrooms around the world, girls and boys who have withstood the wrath of war can rebuild their hopes and their lives. Cultivating a culture of peace is possible. The financial resources exist. The choice as to how we use them is ours.

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SOURCE Education Cannot Wait

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Niutech at the Forefront: U.S.-China Circular Economy Forum Tackles “White Pollution”

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BEIJING, Sept. 20, 2024 /PRNewswire/ — On September 6, 2024, the inaugural U.S.-China Circular Economy Cooperation Forum was held in Beijing. The forum, guided by the U.S.-China Climate Action Working Group Circular Economy Task Force, was co-organized by the China Circular Economy Association and the US-China Business Council. The forum brought together approximately 460 distinguished guests from the National Development and Reform Commission of China, the Ministry of Foreign Affairs, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing and Urban-Rural Development, the Ministry of Commerce, the General Administration of Market Regulation, the US State Department, the US Department of Energy and other government departments, as well as industry experts, business representatives and scientific research institutions of the two countries. As the domestic leader in continuous pyrolysis technology, Niutech was invited by the China Circular Economy Association to attend the forum and gave an insightful speech on the topic of waste plastic recycling, and the issues of ‘white pollution’ that can result from it.

Enhancing Quality and Efficiency in the Circular Economy with Innovative Forces

The forum was strategically designed to advance the goals outlined in the U.S.-China “The Sunnylands Statement on Enhancing Cooperation to Address the Climate Crisis” (hereinafter referred to as the Sunnylands Statement). It aimed to create a collaborative platform for the business community, social organizations, and research institutions from both countries to foster exchanges and drive tangible cooperation in the circular economy.  

Zhao Chenxin, Deputy Director of the National Development and Reform Commission, John Podesta, Senior Advisor to the U.S. President on International Climate Policy, Liu Zhenmin, China’s Special Envoy for Climate Change Affairs, Nicholas Burns, U.S. Ambassador to China, and Xie Zhenhua, former Special Envoy for Climate Change Affairs of China, attended the opening ceremony of the Forum and delivered a speech, and Xie Feng, Chinese Ambassador to the U.S., made a video message. Deputy Director Zhao Chenxin said that addressing climate change is a common cause for all mankind and cannot be separated from the cooperation between the two global forces, China and the United States.

The China-US Circular Economy Cooperation Forum, held as an initiative to implement the Sunnylands Statement, marked another significant milestone in China-US cooperation on the circular economy. This collaboration is crucial for both nations as they join forces to tackle the climate crisis. On the afternoon of September 6, the forum organized four parallel meetings, where representatives engaged in in-depth exchanges on topics such as using the recycling economy to reduce greenhouse gas emissions, promoting the application of recycled materials, addressing plastic pollution and enhancing recycling, and increasing the recycling value of waste in the context of new industries and consumption patterns.

Niutech: International Experts on Continuous Pyrolysis Technology and Pioneers in solving the global “white pollution” problem

Globally, hundreds of millions of tons of waste plastics are generated annually, yet only about 30% undergo recycling. Traditional physical methods are typically limited to high-value, single-category, and relatively clean waste plastics. However, repeated recycling can degrade the quality of the plastics. Chemical recycling, on the other hand, offers a transformative approach by converting waste plastics into high-value products or fuels through chemical processes, thus overcoming the limitations of physical recycling.

Pyrolysis technology, a cornerstone of chemical recycling, addresses the challenges associated with the material recycling of waste plastics. It is adept at processing various types of low-value, mixed, and contaminated waste plastics. The products of pyrolysis can be further processed to manufacture new plastics, achieving a closed-loop system where waste plastics are repurposed into high-value new plastics. This not only retains the material’s utility at a high level but also converts “white pollution” into a “white oil field,” signifying a major shift in the management and valorization of plastic waste.

At the forum, as the international expert in continuous pyrolysis technology, the corporate representative of Niutech shared the cases of waste plastic chemical recycling projects deployed with international giants BASF and Quantafuel in Denmark, Thailand and other countries. Niutech has developed its own pyrolysis technology and equipment, which they fully own the intellectual property rights to. This technology enables the transformation of low-value, mixed, and contaminated waste plastics—including various polymers such as PP, PE, PS, ABS—into high-quality fuel oil.  

The fuel oil derived from this process can undergo further refining into naphtha, a critical raw material in the production of new plastics. This advanced recycling process not only diverts plastics from landfills and the environment but also contributes to a circular economy by turning waste into a valuable resource.

In the future, Niutech will continue to champion the principle of “green, recycling and low-carbon” waste plastics pyrolysis. Armed with advanced technology, reliable equipment, abundant high-value solutions and proven experience, Niutech is committed to enhancing communication and cooperation with domestic and foreign partners. Together, they will drive forward the chemical recycling of waste plastics and the sustainable development of the global waste plastics recycling industry.

 

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SOURCE Niutech

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