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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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SOURCE Technavio

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Technology

AirCheck Australia & New Zealand Renamed as RCS MEDIA MONITORS

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SYDNEY, Jan. 13, 2025 /PRNewswire/ — AirCheck, a leading provider of broadcast monitoring services in Australia and New Zealand is pleased to announce its renaming as RCS MEDIA MONITORS, effective immediately.

AirCheck monitors songs and commercials providing almost real time reporting tools for radio and television broadcasters, music media, record companies, advertising agencies and industry analysts.

This change reflects the company’s growth, expanded service offerings, and a strengthened focus on providing comprehensive media intelligence.

The new name, RCS MEDIA MONITORS, builds on the expertise of its parent company, RCS, to offer enhanced monitoring solutions. By integrating RCS’s global technology and resources, the company will provide clients with a broader range of tools for tracking and analysing media campaigns across a variety of platforms and markets.

“We’re excited to take this step forward,” said Philippe Generali, President and CEO of RCS Global. “The rebranding to RCS MEDIA MONITORS allows us to expand our reach and improve our services, giving clients access to deeper insights and a wider array of media monitoring tools. With RCS’s support, we can offer more robust data and solutions that cover not just broadcast, but also digital and emerging media channels.”

The name change signals the company’s commitment to evolving with the changing media landscape. With RCS MEDIA MONITORS, clients can expect the same reliable monitoring services they’ve trusted for over 20 years in Australia and 15 years in NZ.

www.rcsmediamonitors.com.au

About RCS MEDIA MONITORS

RCS MEDIA MONITORS (formerly AirCheck) is a leading provider of broadcast monitoring and media intelligence solutions in Australia, New Zealand and India. The company helps clients across industries optimise media strategies, measure performance, and gain insights from a wide range of traditional and digital media. RCS MEDIA MONITORS is part of RCS, a global leader in broadcast automation and media technology.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/aircheck-australia–new-zealand-renamed-as-rcs-media-monitors-302347810.html

SOURCE RCS MEDIA MONITORS

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iM Global Partner mourns the passing of Philippe Uzan

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PARIS, Jan. 13, 2025 /PRNewswire/ — It is with deep sadness that iM Global Partner (iMGP) announces the passing, one month ago, of our dear friend and colleague, Philippe Uzan.

 

 

Philippe’s exceptional career in asset management spanned more than 30 years and is marked by remarkable achievements in the organizations for which he worked and deep contributions to the industry as a whole. His passing is a tremendous loss to all who knew and worked with him.

Philippe joined iM Global Partner in February 2020 as Deputy CEO and CIO Global Asset Management, responsible for overseeing our financial strategies and products and designing value-added investment solutions for our clients across Europe and the United States.

His expertise spanned all asset classes, and he had a deep understanding of markets and their impact on investors and their investment needs. He was an eloquent man who contributed a number of papers and articles to the media, always with the intention of educating and making financial concepts more relatable. He has left an indelible mark on our organization and on the broader industry.

Prior to joining iM Global Partner, Philippe was latterly Chief Investment Officer at Edmond De Rothschild Asset Management, where he worked for 11 years and where he led the portfolio management teams, optimizing the synergies between analysis and portfolio management. He previously spent three years as Research and Global Asset Allocation Director, where he developed the portfolio management and research teams and modernized investment processes and the product range.

Philippe began his career as an Equity Derivatives Trader at Société Générale and held roles at AGF Asset Management (now part of Allianz Global Investors) and Natixis AM.

Throughout his career, Philippe’s outstanding intelligence, humility, and collaborative spirit earned him the respect and admiration of his peers.

Philippe Couvrecelle, Founder and CEO of iM Global Partner, expressed his heartfelt condolences: “It was with infinite sadness and pain that I learned of Philippe’s passing from a devastating illness. I had known Philippe closely for almost 20 years, as we worked together for Natixis, Edmond de Rothschild and iMGP. I pay immense tribute to his humanity, his sense of humor, his brilliant intelligence and his presence, which I will deeply miss. We had shared so much and still had so much to do together. In his memory, we will continue our path forward with strength, success and intensity, always preserving our values and our company culture to which he was so attached.

We will all miss Philippe enormously at iM Global Partner. He will be remembered not only for his professional achievements but also for his warmth, generosity, kindness and his unwavering dedication to his colleagues and community. Our thoughts are with his wife and three children, his family, friends and loved ones during this difficult time.”

CONTACT: media@imgp.com

 

 

SOURCE iM Global Partner

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Technology

Blackbaud Releases New Donation Forms for Australia and New Zealand Customers to Help Social Impact Organisations Raise More

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Customers in Australia and New Zealand Can Now Leverage Donation Forms that Natively
Integrate with Blackbaud’s Payment Processor and CRM Solutions to Give a Completely
Connected Experience

SYDNEY, Jan. 13, 2025 /PRNewswire/ — Blackbaud (NASDAQ: BLKB), the leading provider of software for powering social impact, today announced the rollout of its Optimized Donation Forms for Raiser’s Edge NXT® users in Australia and New Zealand, as well as the release of both the Standard and Optimized Donation Forms for Blackbaud CRM™ users in Australia and New Zealand.

Blackbaud Donation Forms help social impact organisations raise more, streamline the donor experience, simplify administrative tasks, and reduce processing costs, enabling them to sustain and grow their missions.

“We’re excited to bring Blackbaud Donation Forms, which are proven to raise more funds without transaction fees, to more customers globally,” said Sudip Datta, chief product officer, Blackbaud. “We make online giving simple, whether through Blackbaud’s Standard Donation Forms or Optimized Donation Forms, both of which are proven to help increase gift size, eliminate transaction fees and expand the donor base.”

The forms allow nonprofits to choose the fee coverage option that’s right for them ––Complete Cover, which provides free processing, or Donor Cover, which lets supporters cover their transaction fees. And due to native integration, managing transactions is easy. With Blackbaud CRM, the transactions are saved to an enhanced revenue batch for review prior to committing.

Optimized Donation Forms
Blackbaud Optimized Donation Forms reduce the number of decisions for both the organisation and its constituents, resulting in an optimal donor experience and an increase in click-to donation-conversions. Optimized Donation Forms are a great choice for campaigns that need a quick visual punch and that are focused on securing more donors. They are mobile-first and display seamlessly on a website without the need to create a new webpage, enabling payment directly within the form. Customisable with images and a mission statement, they let charitable organisations project consistent branding in a visually appealing, intuitive and engaging way. Additionally, these intelligent forms automatically adjust to increase higher-than-average gift amounts based on donor data analysis.

Standard Donation Forms
Blackbaud Standard Donation Forms are a great choice for specifically targeted campaigns where additional data collection is required. They allow organisations to personalise colours, text, and ask ladders for ultimate customisation and form extension. Standard Donation Forms also enable you to retain donors better by promoting Recurring Gift Upsell to encourage one-time donors to give monthly.

Early Success
US customers using the forms have already seen early success, reporting satisfaction with the ease of use, customisation and flexibility of the forms. Using the Optimized Donation Forms, Seed Savers Exchange saw a 10% increase in their conversion rate and a jump in average donation amount by 61% from the year prior. 

Others appreciate the time-savings and ease of use. “The Optimized Donation Form literally cuts my entry time by more than half,” said Tracey Zirneklis, advancement services manager, Porter-Gaud School. “Being able to see what’s coming in, edit the record, add campaigns or funds or appeals, being able to adjust what I want to do acknowledgement-wise—it is so much more streamlined.”

Spencer Lassen, Senior Systems Consultant at Legacy Health, shared, “Integration of the donation forms into Blackbaud CRM has been seamless. This has been the easiest and fastest integration of a donation platform in my career. I am not a graphic designer, but the intuitive interface and tools have allowed me to easily set up exciting donation forms and email acknowledgments with a modern look and feel. It has been easy to roll out to our team allowing more staff to be able to set up donation forms, which is allowing us to be more responsive to the emergent fundraising needs of our organisation.”

Learn More
Learn more and request a demo here. 

Blackbaud Donation Forms are currently available at no extra cost to Raiser’s Edge NXT users in the US, and Australia and New Zealand, and will be coming to Canada and the UK in 2025. They are also available at no extra cost to Blackbaud CRM users in the US, and Australia and New Zealand, and will be coming to Canada in 2025 as well. Additionally, Blackbaud Donation Forms are available at no extra cost to Altru users in the US. All users must process transactions with Blackbaud Merchant Services to take advantage of Blackbaud Donation Forms.

About Blackbaud
Blackbaud (NASDAQ: BLKB) is the leading software provider exclusively dedicated to powering social impact. Serving the nonprofit and education sectors, companies committed to social responsibility and individual change makers, Blackbaud’s essential software is built to accelerate impact in fundraising, nonprofit financial management, digital giving, grantmaking, corporate social responsibility and education management. With millions of users and over $100 billion raised, granted or managed through Blackbaud platforms every year, Blackbaud’s solutions are unleashing the potential of the people and organisations who change the world. Blackbaud has been named to Newsweek’s list of America’s Most Responsible Companies, Quartz’s list of Best Companies for Remote Workers, and Forbes’ list of America’s Best Employers. A remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa Rica, India and the United Kingdom, supporting users in 100+ countries. Learn more at www.blackbaud.com.au or follow us on X/Twitter, LinkedIn, Instagram and Facebook.

Media Inquiries
media@blackbaud.com 

Forward-looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this news release are forward-looking statements that involve a number of risks and uncertainties, including statements regarding expected benefits of products and product features. Although Blackbaud attempts to be accurate in making these forward-looking statements, it is possible that future circumstances might differ from the assumptions on which such statements are based. In addition, other important factors that could cause results to differ materially include the following: general economic risks; uncertainty regarding increased business and renewals from existing customers; continued success in sales growth; management of integration of acquired companies and other risks associated with acquisitions; risks associated with successful implementation of multiple integrated software products; the ability to attract and retain key personnel; risks associated with management of growth; lengthy sales and implementation cycles, particularly in larger organisation; technological changes that make our products and services less competitive; and the other risk factors set forth from time to time in the SEC filings for Blackbaud, copies of which are available free of charge at the SEC’s website at www.sec.gov or upon request from Blackbaud’s investor relations department. All Blackbaud product names appearing herein are trademarks or registered trademarks of Blackbaud, Inc.

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SOURCE Blackbaud, Inc.

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