The global orange juice market was equal to 27.65 billion USD (calculated in retail prices) in 2014. Until 2024, the juice market in the world is forecast to reach 32.04 billion USD (in retail prices), thus increasing at a CAGR of 1.82% per annum for the period 2019-2024.
How much is the orange juice industry worth?
Revenue in the Orange Juice segment amounts to US$29.70bn in 2022. The market is expected to grow annually by 5.91% (CAGR 2022-2026). In relation to total population figures, per person revenues of US$3.90 are generated in 2022.
How big is the juice industry?
The global fruit juice market reached a value of US$ 141 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 182 Billion by 2027, exhibiting at a CAGR of 4.31% during 2022-2027.
How much orange juice is sold each year?
In the Nielsen Retail Sales report, average year-over-year total Orange Juice sales increased 13 percent with over 439 million equivalent gallons sold.
How much orange juice is consumed in the world?
In 2015, the world consumed 1,938 million tons of orange juice (converted to FCOJ). This represented a 5.3 percent drop (108,000 tons) from the 2.046 million tons of 2014. Looking at a 10-year comparison, the consumption drop was 19.2 percent (2.397 million tons in 2005).
How much is the juice industry worth?
Revenue in the Juices segment amounts to US$23.67bn in 2022. The market is expected to grow annually by 4.99% (CAGR 2022-2026). In global comparison, most revenue is generated in the United States (US$23,670.00m in 2022).
What is the average price of orange juice concentrate?
United States Consumer Price: Average: Orange Juice, Frozen Concentrate, 12 oz can data was reported at 2.478 USD/16 oz in Oct 2018. This records a decrease from the previous number of 2.493 USD/16 oz for Sep 2018.
What sells more apple juice or orange juice?
As U.S. juice consumption falls, apple juice holds more of the market.
Is the juice market growing?
NEW YORK, May 30, 2022 /PRNewswire/ — The Juices Market size is expected to grow by USD 76.96 billion with a YOY growth of 6.20% during the forecast period.
| Juices Market Scope | |
|---|---|
| Report Coverage | Details |
| Forecast period | 2021-2025 |
| Growth momentum & CAGR | Accelerate at a CAGR of 7.33% |
| Market growth 2021-2025 | $ 76.96 billion |
Which is the largest fruit juice consumer market in the world as of 2020?
Region-wise, North America represented the world’s largest fruit juice market with a share of nearly one-fourth of the total global consumption. North America was followed by Western Europe, Asia-Pacific, Eastern Europe, Latin America and Africa and the Middle East.
What percent of the population likes orange juice?
Top Flavors
Overall, respondents seem to prefer orange juice over most other varieties; 57% of respondents named orange juice as one of their favorite flavors. 37% enjoy apple juice. 28% like cranberry. 27% prefer grape.
Is orange juice still popular?
America has fallen out of love with orange juice. Sales dropped almost every year for the last decade. Last year, orange juice sales hit their lowest level in at least 15 years, according to Nielsen. Over the same period, per-capita consumption fell roughly 40%.
Why is orange juice so expensive 2021?
While demand has risen, supply has been hit as producers struggle to export goods due to transport restrictions. This has caused a rise in the so-called “futures” price of orange juice, which indicate its cost for delivery in the coming months.
What country drinks the most orange juice?
Orange Juice Domestic Consumption by Country in MT
| Rank | Country | Domestic Consumption (MT) |
|---|---|---|
| 1 | EU-27 | 585,390 |
| 2 | United States | 497,000 |
| 3 | United Kingdom | 168,000 |
| 4 | China | 108,400 |
Is orange juice in short supply?
Orange juice sales surged during the pandemic and now prices are climbing too. Citrus disease and less than favorable weather conditions have hurt orange crops over the past few years. The crop shortage means there’s not enough supply to meet the demand.
What country buys the most oranges?
Searchable List of Oranges Importer Countries in 2021
| Rank | Importer | Imported Oranges |
|---|---|---|
| 1. | Germany | $483,428,000 |
| 2. | France | $455,378,000 |
| 3. | Netherlands | $389,963,000 |
| 4. | Russia | $313,908,000 |
What competing products are in the juice market?
The Juice Production industry manufactures fruit and vegetable juices, competing with manufacturers of soda, functional drinks (e.g. energy and sports drinks), ready-to-drink (RTD) coffee and tea and flavored water.
What is packaged fruit juice market?
On the basis of type, the packaged fruit juice market is segmented into 100% fruit juice, nectars, juice drinks, concentrates, powdered juice, and others. On the basis of flavors, the packaged fruit juice market is segmented into orange, apple, mango, mixed fruit, and others.
What is the forecast retail sales of juice in the US for 2023?
Market Overview
By 2023, the global cold-pressed juice market is expected to earn USD 3.99 billion revenue at 9.50% CAGR. The growing popularity of cold-pressed juices across the globe due the rich content of essential dietary nutrition, such as; vitamins and minerals, can benefit the market.
How much does a gallon of orange juice cost?
Orange juice prices vary widely from store to store, but a half gallon usually costs between $3 and $4 and a gallon containers often cost $6 or more.
Why is orange juice prices going up?
With the boost in consumption from the pandemic, farmers are having trouble keeping up with that demand, meaning it’s going to cost you more at the store. Orange juice prices are already up about 14%, according to the U.S. Bureau of Labor Statistics.