Introduction
Cold-press juicing systems have gained popularity in recent years for their ability to extract juice from fruits, vegetables, and wellness blends while retaining the maximum amount of nutrients. These systems use hydraulic pressure to slowly crush and squeeze the produce, resulting in a higher yield of juice compared to traditional juicing methods. In this report, we will explore the market for cold-press juicing systems, including industry insights, financial data, and key players in the market.
Market Overview
The global cold-press juicing systems market is expected to grow at a CAGR of 6.8% from 2021 to 2026, reaching a value of $307.2 million by the end of the forecast period. This growth is driven by increasing consumer awareness of the health benefits of cold-pressed juice, as well as the rising demand for natural and organic beverages.
Key Drivers
One of the key drivers of the cold-press juicing systems market is the growing trend towards healthy eating and wellness. Consumers are becoming more conscious of their diet and are looking for ways to incorporate more fruits and vegetables into their daily routine. Cold-pressed juice offers a convenient and tasty way to do so, as it retains more nutrients and enzymes than traditional juicing methods.
Market Segmentation
The cold-press juicing systems market can be segmented based on the type of produce juiced, including fruits, vegetables, and wellness blends. Fruits are the most commonly juiced produce, accounting for over 50% of the market share. Vegetables and wellness blends, which often include ingredients like ginger, turmeric, and wheatgrass, are also gaining popularity among health-conscious consumers.
Industry Insights
The cold-press juicing systems industry is highly competitive, with a number of key players dominating the market. Some of the leading companies in the industry include Omega Juicers, Hurom, and Tribest. These companies offer a range of cold-press juicing systems, from entry-level models for home use to commercial-grade machines for juice bars and restaurants.
Financial Data
Omega Juicers, one of the largest players in the cold-press juicing systems market, reported annual revenue of $45 million in 2020. The company has seen steady growth in recent years, driven by the increasing demand for cold-pressed juice among health-conscious consumers. Hurom, another major player in the market, reported annual revenue of $62 million in 2020, with a strong presence in both the domestic and international markets.
Industry Trends
One of the key trends in the cold-press juicing systems industry is the rise of subscription-based juice delivery services. Companies like Daily Harvest and Pressed Juicery offer cold-pressed juice subscriptions, delivering fresh juice directly to consumers’ doorsteps on a weekly or monthly basis. This trend has gained traction among busy professionals and health enthusiasts looking for convenient ways to incorporate cold-pressed juice into their diet.
Conclusion
In conclusion, the cold-press juicing systems market is poised for continued growth in the coming years, driven by increasing consumer awareness of the health benefits of cold-pressed juice. Key players in the industry, such as Omega Juicers and Hurom, are expected to continue innovating and expanding their product offerings to meet the growing demand for cold-press juicing systems. With a focus on health and wellness becoming increasingly important to consumers, the market for cold-press juicing systems is likely to remain strong for the foreseeable future.
