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AI is Redefining the Juicer Market, USD 9.04 Billion Growth Forecast (2024-2028) Driven by Urbanization and Changing Lifestyles – Technavio Report

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NEW YORK, Sept. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global juicer market size is estimated to grow by USD 9.04 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 38.2% during the forecast period. Rising urbanization and changing consumer lifestyles is driving market growth, with a trend towards rising focus on manufacturing energy-efficient and lightweight juicers. However, fluctuations in raw material prices and operational costs poses a challenge. Key market players include AB Electrolux, Bajaj Electricals Ltd., Borosil Ltd., Breville Group Ltd., Cuisinart, DeLonghi Group, Donlim, Hamilton Beach Brands Holding Co., Havells India Ltd., Hurom America Inc., Joyoung Co. Ltd., Koninklijke Philips N.V., Kuvings, MIDEA Group Co. Ltd., Newell Brands Inc., Omega Juicers, Panasonic Holdings Corp., SEB Developpement SA, Treasure Retail Pvt. Ltd., and TTK Prestige Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Juicer Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 38.2%

Market growth 2024-2028

USD 9037.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

29.38

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, India, UK, and Germany

Key companies profiled

AB Electrolux, Bajaj Electricals Ltd., Borosil Ltd., Breville Group Ltd., Cuisinart, DeLonghi Group, Donlim, Hamilton Beach Brands Holding Co., Havells India Ltd., Hurom America Inc., Joyoung Co. Ltd., Koninklijke Philips N.V., Kuvings, MIDEA Group Co. Ltd., Newell Brands Inc., Omega Juicers, Panasonic Holdings Corp., SEB Developpement SA, Treasure Retail Pvt. Ltd., and TTK Prestige Ltd.

 

Market Driver

In the juicer market, energy efficiency is a significant consideration for both residential and commercial consumers to reduce costs and save energy. Juicer manufacturers are responding to this demand by integrating energy-efficient technologies and equipment into their machines. Companies like Panasonic, Electrolux, and Philips are leading the way in this area. Additionally, the trend towards using lightweight materials in household appliances, such as aluminum, composites, high-strength steel, magnesium, and plastics, is growing rapidly. The primary reason for this trend is the demand for energy-efficient and eco-friendly products that emit fewer harmful substances and less noise pollution. The increasing awareness of climate change and environmental issues, as well as rising energy prices, are driving the demand for lightweight juicers. For instance, aluminum has a density of 2.7 g/cm3, while polymers have a density of around 1.3 g/cm3. This difference in density allows for weight reduction and cost savings. By using lightweight materials in juicer bodies and parts, manufacturers can reduce both the weight and size of the juicer, making it more appealing to consumers and helping them comply with environmental regulations. These advancements in juicer technology are expected to fuel market growth in the coming years. 

Juicers are popular kitchen appliances that extract the natural goodness from fruits, vegetables, and herbs. Current trends include a focus on antioxidants, vitamins, and minerals. Technology innovation brings US various types like centrifugal, masticating, and triturating juicers. Goodnature’s sleek designs are a hit in the kitchenware segments. Fruits, vegetables, and raw fruits or vegetables are common ingredients. Television shows and health awareness campaigns promote juicing as a healthy dietary food item. The tourism industry and juice shops/bars offer unique juicing experiences. Discounts, coupons, and vouchers make juicers more accessible. Residencies for juicing experts add value. Breakfast culture fuels the demand for juicers. Innovations include smart homes integrating juicers, antimicrobials for hygiene, and conditioners/moisturizers for pulp. Commercial and residential markets cater to mixers, grinders, reamers, juicing presses, steam juice extractors, and electric juicers. Lifestyle and health consciousness drive the market growth. Triturating and masticating juicers are commercial favorites. 

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 Market Challenges

The price of juicers is influenced by various factors, including manufacturing costs, labor costs, raw material prices, and transportation and marketing expenses. Manufacturing costs, labor costs, and raw material prices account for a significant portion of the juicer’s final price. Raw materials, such as steel, iron, plastic, and rubber, have experienced price volatility in both the US and international markets. This instability in raw material prices can result in either increased juicer prices or reduced manufacturer profit margins. Transportation costs, which include fuel prices, also impact the final product price. Fluctuations in fuel prices significantly affect the cost of transporting raw materials and finished goods. For instance, rising crude oil prices can lead to increased fuel costs and higher transportation expenses. In a competitive market with numerous international and local vendors, manufacturers must keep juicer prices affordable to avoid losing consumers to cheaper alternatives. As a result, vendors often reduce their profit margins, which can impact their operational and research and development costs. Overall, raw material price fluctuations pose a challenge for juicer manufacturers in the global market, potentially hindering market growth during the forecast period.In the dynamic market of Juicers, breakfast culture and tourism industry create significant opportunities. Juice shops and bars are thriving, requiring various types of juicers like mixers, grinders, electric juicers, and centrifugal, masticating, and triturating juicers. Households and smart homes also contribute, with health consciousness driving demand for dietary food items like vegetables, herbs, raw fruits, and raw vegetables. Lifestyle and health awareness campaigns boost sales. Commercial and residential sectors seek advanced juicers with antimicrobials, conditioners, and moisturizers, while avoiding Paraben, propellants, and other additives. Store-based sales remain crucial, offering a wide range of juicers catering to diverse customer needs.

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Segment Overview 

This juicer market report extensively covers market segmentation by

Product 1.1 Centrifugal juicer1.2 Masticating juicer1.3 Triturating juicerEnd-user 2.1 Residential2.2 CommercialGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Centrifugal juicer- Centrifugal juicers are the most widely used type of juicer in residential applications due to their efficiency and affordability. These juicers feature a mesh chamber with sharp teeth and a high-speed metal blade that shreds fruits and vegetables into pulp, separating the juice. Centrifugal juicers are ideal for juicing high-fiber fruits and vegetables like carrots, apples, and beetroot. While they can process produce quickly, they generate heat and noise, which may impact the nutritive value and freshness of the juice. Despite these limitations, centrifugal juicers are cost-effective and popular for home use. Vendors, such as Philips, are enhancing these juicers with advanced technologies, like FiberBoost, to cater to consumer preferences and expand market growth. Centrifugal juicers cost between USD40 and USD200, making them an accessible option for households.

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Research Analysis

Juicers are innovative kitchen appliances that extract the natural goodness from raw fruits, vegetables, and herbs. Antioxidants and vitamins and minerals abound in these fresh produce, making juicers a popular choice for health-conscious households and smart homes. From electric juicers like centrifugal, multicasting, and triturating models, to manual reamers and juicing presses, there’s a juicer for every kitchen and lifestyle. Television shows and kitchenware segments have showcased the benefits of juicing, making it a trendy dietary food item. The technology innovation in juicers allows for efficient extraction of juice while minimizing pulp and maximizing nutrient retention. Steam juice extractors are a recent addition to the market, preserving the heat-sensitive nutrients in fruits and vegetables. Fruits, vegetables, and herbs are the primary ingredients for juicing, with raw fruits and vegetables providing the most nutritional benefits. The design of juicers has evolved to cater to various kitchenware segments, making them stylish and convenient additions to any kitchen. Whether you’re a beginner or an experienced juicer, there’s a juicer to suit your needs and preferences.

Market Research Overview

Juicers have become a popular kitchen appliance for households and commercial establishments, as people increasingly prioritize their health and wellness. Antioxidants found in fruits and vegetables are extracted and concentrated through juicing, providing a rich source of vitamins and minerals. Technology innovation and design have transformed juicers into sleek and efficient machines, with various types such as centrifugal, masticating, and triturating juicers catering to different needs. Juice shops, bars, and even television shows have fueled the trend, offering discounts, coupons, and vouchers to attract customers. The kitchenware segment has expanded to include mixers, grinders, and reamers, while smart homes integrate juicers into their systems. Breakfast culture and the tourism industry have also been influenced by the juice craze, with many offering unique juicing experiences. Vegetables, herbs, raw fruits, and raw vegetables are all fair game for juicing, making it a versatile dietary food item. Health consciousness campaigns continue to promote the benefits of juicing, with antimicrobials, conditioners, and moisturizers added to some models for added health benefits. Paraben-free, propellant-free, and store-based options are also available for those with specific preferences.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCentrifugal JuicerMasticating JuicerTriturating JuicerEnd-userResidentialCommercialGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Lexmark Showcases New Printers and Technology Solutions for Retailers at NRF 2025

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NEW YORK, Jan. 12, 2025 /PRNewswire/ — Lexmark, a global imaging and IoT solutions leader, will showcase its cutting-edge, retail-ready printers and solutions at NRF 2025, Retail’s Big Show and Expo, Jan. 12 to 14, at the Jacob K. Javits Center in New York. The Lexmark showcase will be in booth #6321.

“Lexmark kicks off the year with a bang by showcasing our latest 9-Series family of A3 printers and MFPs at NRF for the first time,” said Tim Speller, Lexmark’s head of retail and manufacturing. “These sophisticated devices will usher in a new era of opportunity for retailers to maximize operational efficiency while increasing sales.”

Here’s what will be on display in Lexmark booth #6321:

New Lexmark 9-Series printers and MFPs are designed for challenging retail environments

Built by evolving Lexmark’s renowned A4 technology, the 9-Series delivers versatility, simplicity and sustainability. These solutions are easy to use and manage – perfect for any retail salesfloor or back office.

Key highlights of 9-Series:

Versatile and easy to use. The 9-Series offers a broad range of media size support (A6 to SRA3), high-volume duty cycles, a common set of modular paper-handling options, finishing capabilities and professional color features including PANTONE® calibration.Simple and easy to manage. The 9-Series’ intuitive interface streamlines workflows by providing simple instructions and prompts. For routine maintenance, toner cartridges can be replaced with one hand, easily understood visual cues are displayed, and serviceable areas are easy to access and identify.Sustainable and easy to feel good about. The 9-Series’ total post-consumer recycled (PCR) content is 56% by weight for all base-model MFPs and 73% by weight for the line’s base-model printer, based on IEEE calculation procedures. *Built to last. The 9-Series is designed and built to last seven years or more. Having few components helps reduce the likelihood of technical failure while also minimizing the service time required for repairs and maintenance. Experienced technicians can perform most common service actions, even highly complex tasks, in less than 15 minutes, according to Lexmark testing.

Lexmark Engagement Automation Platform (LEAP) helps retailers drive sales and foot traffic with hyper-local social media ads

LEAP automates one-to-one promotions that drive footfall to local stores. Store leaders can trigger hyper-personalized sale posts and boost ads based on individual store inventory conditions through loyalty program apps and social media platforms like Facebook and Instagram. With advanced analytics and reporting capabilities, LEAP provides the insights needed to measure success and make data-driven decisions.

Key highlights of LEAP:

Engagement: To engage shoppers, center promotions around customer buying patterns with an engagement automation platform that posts localized content – such as store-specific offers, events and locally grown produce initiatives.

Automation: Schedule and manage automatic localization and delivery of corporate promotional messaging with an engagement automation platform to reach consumers through social media with hyper-local content around each store or audience region.

Loyalty: Attract local customers with an engagement automation platform that sends store- and corporate-initiated offers to geo-fenced social media apps like Facebook and Instagram and loyalty program applications.

Supporting resources

Learn more about Lexmark’s booth at NRF 2025.

Read Lexmark’s NRF blog.

Schedule a booth meeting with our retail experts during NRF 2025.

Get more details about the Lexmark 9-Series.

Get more details about the Lexmark Engagement Automation Platform (LEAP).

Watch a video about LEAP.

Get the details on NRF 2025.

Follow us on LinkedIn for live NRF updates.

About Lexmark

Lexmark creates cloud-enabled imaging and IoT technologies that help customers worldwide quickly realize business outcomes. Through a powerful combination of proven technologies and deep industry expertise, Lexmark accelerates business transformation, turning information into insights, data into decisions, and analytics into action.

Lexmark and the Lexmark logo are trademarks of Lexmark International, Inc., registered in the United States and/or other countries. All other trademarks are property of their respective owners.

* PCR content measured in accordance with IEEE Std 1680.2a™ – 2017 Standard for Environmental Assessment of Imaging Equipment – Amendment 1 — which is the standard used by EPEAT.

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SOURCE Lexmark

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Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization

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Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.

STOCKHOLM, Jan. 12, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.

As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.

Enhancing the Shelf Edge Through Collaboration

By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:

Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfactionDynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.

Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.

Strategic Collaboration for the Future of Retail

“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”

Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.

“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”

Showcasing the Future at NRF 2025

The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.

For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
info@pricer.com

About Pricer

Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.

About Focal Systems

Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/pricer/r/pricer-and-focal-systems-announce-strategic-collaboration-to-drive-the-next-step-in-physical-store-d,c4090287

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Blue Owl Capital Expands Tennis Player Sponsorship to All Grand Slam Tournaments in 2025

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Blue Owl to place logo patches on dozens of athletes competing across the Australian Open,
French Open, Wimbledon, and US Open

Jordan Thompson named as Blue Owl’s dedicated athlete ambassador for the Australian Open

NEW YORK, Jan. 12, 2025 /PRNewswire/ — Blue Owl Capital Inc. (“Blue Owl”) (NYSE: OWL), a leading alternative asset manager, announced today a marquee sponsorship agreement to expand their presence at all Grand Slam tournaments in 2025 and become the exclusive financial services partner for professional tennis’ Player Patch Program.

Blue Owl’s logo will be featured on the shirt of select players competing across men’s singles, women’s singles, mixed doubles, men’s doubles and women’s doubles competitions at this year’s Australian Open, French Open, Wimbledon, and US Open tournaments. In addition to Blue Owl’s presence on the courts, the firm will be featured in iconic Melbourne transit hubs, social media and digital media during the Australian Open in an effort to raise brand awareness within the country and the broader APAC market.

Blue Owl Chief Marketing Officer Suzanne Escousse said, “Just as Blue Owl is redefining alternative investing, we are supporting established and emerging professional players who are redefining the game of tennis. Tennis is a truly worldwide sport requiring peak performance in critical, high-pressure moments. This is the same ethos that underpins Blue Owl and allows us to focus on delivering results for our international client base. Following the success of our involvement with the Patch Program at the 2024 US Open, and given Blue Owl’s established presence within the country, Australia is the perfect place to kick off our presence across Grand Slam tournaments.”

Blue Owl has also partnered with Australian tennis professional Jordan Thompson, who will serve as the firm’s Athlete Ambassador at the 2025 Australian Open – January 12-26 in Melbourne. Most recently, Thompson won the men’s doubles at the 2024 US Open, where he was wearing a Blue Owl patch, and was a men’s doubles finalist at Wimbledon in 2024. He has also registered victories over several top-10-ranked opponents in singles competitions and previously represented Australia at the Olympics and the Davis Cup. Thompson will be one of several competitors wearing Blue Owl’s logo throughout the tournament.

Jordan Thompson said: “Blue Owl is focused on delivering excellence for its clients, which makes it a great fit for a partnership with professional tennis players. Support from firms like Blue Owl is tremendously beneficial for players who are preparing for career-defining events, especially the four Grand Slams. Our shared core values, including striving for success in every step of our journeys, whether that be in the financial services industry or competing as a professional athlete, is a perfect match. Alongside my coaches, my doubles teammate(s) and tennis fans, Blue Owl will play a key role for me here in Melbourne at the 2025 Australian Open.”

About Blue Owl

Blue Owl (NYSE: OWL) is a leading asset manager that is redefining alternatives.

With $235 billion in assets under management as of September 30, 2024, we invest across three multi-strategy platforms: Credit, GP Strategic Capital, and Real Estate. Anchored by a strong permanent capital base, we provide businesses with private capital solutions to drive long-term growth and offer institutional investors, individual investors, and insurance companies differentiated alternative investment opportunities that aim to deliver strong performance, risk-adjusted returns, and capital preservation.

Together with over 1,050 experienced professionals, Blue Owl brings the vision and discipline to create the exceptional. To learn more, visit www.blueowl.com.

Media Contact

Nick Theccanat
Principal, Corporate Communications & Government Affairs
Nick.Theccanat@blueowl.com

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