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Report Overview
The global apple juice market reached a value of about USD 18.04 billion in 2023. The industry is further estimated to grow at a CAGR of 5.20% in the forecast period of 2024-2032, to reach a value of nearly USD 28.5 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Apple Juice Market Growth
Demand for plant-based, functional beverages is driving growth in the market.
Demand for plant-based, functional beverages is a unique driver in the market for apple juice. Consumers are seeking drinks that not only hydrate but also provide health benefits, thus pushing the growth of apple juice market. Apple juice, often fortified with vitamins, probiotics, and antioxidants, is gaining traction. This shift is driven by the growing popularity of flexitarian and vegan diets, where plant-based options are preferred. As health-conscious consumers prioritise functional drinks, apple juice’s natural properties and versatility make it an ideal choice in this evolving market.
Apple Juice Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global apple juice industry attained a value of nearly USD 18.04 billion.
The market is projected to grow at a CAGR of 5.20% between 2024 and 2032.
The major industry drivers include growing availability of apple juices in online platforms and supermarket/hypermarket, increasing consumption of apple juice, rising production of high-quality apples, and the adoption of marketing strategies by industry players.
The key industry trends guiding the growth of the market include the growing awareness about the health benefits of apple juice, stringent government regulations, and technological advancements in the processing of apple juice.
The major regions in the industry are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various market divisions, based on nature, include conventional and organic.
The different distribution channels of the market are online stores, convenience stores, speciality stores, retail stores, and supermarket/hypermarket, among others.
The major players in the industry are the Del Monte Food Inc., Eden Foods Inc., The Coca Cola Company, Parle Agro Pvt. Ltd., and Britvic Plc., among others.
The market is estimated to witness a steady growth in the forecast period of 2024-2032 to reach USD 28.5 billion by 2032.
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