Apple juice is one of the most popular juices across the globe, owing to it being considered as a healthy beverage that can improve heart health and digestion. Apple juice is a fruit juice made by maceration and pressing of an apple.
Increasing consumer preference towards the consumption of organic products and changing lifestyles are major factors expected to drive growth of the global apple juice market over the forecast period. However, short shelf life is a major factor hampering growth of the global apple juice market.
On the basis of end use, the global apple juice market is segmented into commercial and household. The commercial segment is anticipated to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. Also, household segment is projected to witness moderate growth over the forecast period.
The global apple juice market report has been segmented on the basis of nature ,type, end use
distribution channel, and region. On the basis of region, the global apple juice market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America accounted for highest share in terms of revenue in the global market, and is projected to maintain its dominance over the forecast period. This can be attributed to changing lifestyle of individuals and increasing preference for consumption of healthy food products in the region. Revenue from the market in Europe accounted for second-highest share and is closely followed by the markets in Asia Pacific, Latin America, and Middle East & Africa respectively. This is attributed to increasing consumption of organic food products & beverages in the region. Furthermore, the market in Asia Pacific is projected to witness significant growth over the forecast period, and is expected to register a CAGR of X.X%. This can be attributed increasing consumer preference towards consumption of organic products in emerging economies in the region. Also, the markets in Latin America and Middle East & Africa are projected to witness moderate growth over the forecast period.
Prominent players in the global apple juice market include Del Monte Food, Inc., The Coca- Cola Company, Tree Top Inc., Parle Agro Pvt Ltd, Britvic Plc, PepsiCo. Inc., The Kraft Heinz Company, Manzana Products Co., Solana Gold Organics, Eden Foods Inc., and White House Company.