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Report Overview
The global apple juice market reached a value of nearly USD 18.04 Billion in 2023. The industry is expected to grow at a CAGR of 5.20% during the forecast period of 2024-2032. The market growth is driven by the growing consumer demand for natural and healthy beverages. Consumers are progressively opting for apple juices as a healthier alternative to sodas or drinks filled with sugar. This trend is further fueled by companies introducing organic and clean-label products as they are perceived as more nutritious options. As a result, this has aided the market to attain a valuation of USD 28.47 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- International Food information Council has recently revealed that more than 62% of North American consumers prefer drinks that promote health and general health, and the number is anything but growing. Hence, as consumers are becoming more health-conscious, apple juice companies can market the nutritional benefits of the product such as vitamin C content and antioxidant benefits with no added preservatives.
- Sustainability has continued to be a growing concern for consumers. CNBC has even suggested that 73% of Gen Z consumers are willing to pay premium prices for products that have recyclable packaging. This is scope for growth for apple juice companies who can invest in eco-friendly packaging solutions, such as cartons made from renewable materials or fully recyclable bottles.
- The market has seen stable growth in the already-mature regions such as North America and Europe. However, there are enormous opportunities in emerging countries like India, China, and South Korea. For example, South Korea closely follows with imports valued at USD 30.11 million and thus, this can be used as a key propelling the growth of the apple juice market. Companies can expand their market in these lucrative countries by offering diverse flavors pertinent to the culture, reasonably pricing, and applying local marketing strategies.
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 market reached an approximate value of USD 18.04 Billion.
The apple juice market is assessed 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 healthy growth in the forecast period of 2024 and 2032 to reach a value of around USD 28.47 Billion by 2032.
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United States (Head Office)
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+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124