The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s Orange Juice Global Market Report 2023 offers crucial insights into the orange juice market help businesses analyse and build stronger strategies.

The global orange juice market is on a trajectory of robust growth, with projections indicating an increase from $4.65 billion in 2022 to $4.92 billion in 2023, boasting a compound annual growth rate (CAGR) of 5.9%. Furthermore, the zest of this market extends into the future, with an anticipated reach of $6.15 billion by 2027, driven by a CAGR of 5.7%. This blog delves into the factors igniting this growth, with a specific spotlight on the burgeoning health consciousness among consumers and the trend of product innovation within the orange juice market.

Sipping Health: The Consumer’s Choice

• Embracing Health Consciousness: An increasing number of consumers worldwide are adopting a health-conscious approach, prioritizing their physical, mental, and emotional well-being.
• A Nutrient-Rich Choice: For the health-conscious consumer, orange juice stands out as a nutritious beverage. It is packed with high concentrations of vitamins C, antioxidants, potassium citrate, and various essential minerals that contribute to immune function, overall health, and a balanced diet.
• Americans Embrace Health: In the United States, an insightful survey conducted by the International Food Information Council unveiled that about 52% of Americans have followed specific diets or eating patterns within the past year. This is a significant increase from previous years (39% in 2021, 43% in 2020, and 38% in 2019).
• The Wellness Connection: As consumers increasingly seek healthier options, the orange juice market experiences growth as the go-to choice for the health-conscious.

Market Movers: Major Players and Innovations

• Market Leaders: A bevy of major players play a pivotal role in shaping the orange juice market and contributing to its growth.
• Notable Names: Some of the prominent market players include Trader Joe’s, Dole Plc., J.M. Smucker Company, Ocean Spray, and Welch Foods Inc., among others.
• Innovation at the Helm: Product innovation is a paramount trend within the orange juice market, with key companies focusing on the creation of innovative offerings to maintain their competitive edge.
• Reducing Sugar Content: In a demonstration of this trend, Louis Dreyfus Company B.V. (LDC), a France-based agriculture and food processing company, introduced a novel product in November 2022. This offering, created from not-from-concentrate (NFC) orange juice, has seen a substantial 30% reduction in natural sugar content while significantly increasing dietary fiber. Despite these alterations, the product retains its original flavor and vitamin C content.

Market Segmentation: A Diversity of Choices

• Product Diversity: The orange juice market encompasses a plethora of product types, from Frozen Concentrated Orange Juice to Fresh-Squeezed Orange Juice and beyond.
• Organic or Conventional: Consumers have the choice between organic and conventional orange juice categories, adding to the market’s diversity.
• Varied Packaging: Packaging choices also run the gamut, with options including cartons, polypropylene (PP) material bottles, metal cans, and more.
• Distribution Channels: The market relies on various distribution channels, with the presence of the food and beverage industry, food service providers, supermarkets and hypermarkets, convenience stores, specialty food stores, and online retail platforms.

Regional Insights

• North America Leads: As of 2022, North America dominated the orange juice market, making it a significant player in the global landscape.
• An Expanding Market: The orange juice market continues to burgeon, driven by health-conscious consumers and innovative product offerings.

Get A Free Sample On The Global Orange Juice Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=12382&type=smp

Read The Full Orange Juice Market Report Here:
https://www.thebusinessresearchcompany.com/report/orange-juice-global-market-report

The Orange Juice Global Market Report 2023  provides a comprehensive outlook of the orange juice market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The orange juice market forecast offers a thorough analysis on orange juice market size, orange juice market share, prominent players and their strategies.

The Table Of Content For The Orange Juice Market Include:
1. Orange Juice Market Executive Summary
2. Orange Juice Market Segments
3. Orange Juice Market Size And Orange Juice Market Growth Rate
4. Key Orange Juice Market Trends
5. Major Orange Juice Market Drivers
……
25. Key Mergers And Acquisitions In The Orange Juice Market
26. Top Orange Juice Companies
27. Orange Juice Market Opportunities And Strategies
28. Orange Juice Market, Conclusions And Recommendations
29. Appendix

Explore Similar Reports From The Business Research Company:
Juices And Juice Concentrates Global Market Report 2023
Juice Concentrates Global Market Report 2023
Sugar Beet Juice Extract Global Market Report 2023

Learn More About The Business Research Company
The Business Research Company has published over 6500+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Contact us at:
The Business Research Company: https://www.thebusinessresearchcompany.com/
Americas +1 3156230293
Asia +44 2071930708
Europe +44 2071930708
Email us at info@tbrc.info

Follow us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model