Market Insights Consumer Non-Alcoholic Drinks Juices

Grape Juice - Worldwide

Worldwide

In 2023, the revenue in the Grape Juice market worldwide reached a substantial amount of €4.7bn.
It is projected that this market will experience an annual growth rate of 2.02% between 2023 and 2027 (CAGR 2023-2027).
When comparing global figures, in the United States stands out as the country generating the highest revenue in this segment, with a total of €1,004m in 2023.
Considering the population size, the per person revenue in the Grape Juice market amounted to €0.61 in 2023 on a global scale.
Looking ahead to 2027, the volume in the Grape Juice market is expected to reach 1.5bn L, indicating a positive growth trend.
In fact, there is an estimated volume growth of 0.8% expected in 2024 alone.
On an individual level, the average volume per person in the Grape Juice market is projected to be 0.20L in 2023 worldwide.
These numbers highlight the significant market potential and growing demand for Grape Juice market, both globally and in the respective countries.

Key regions: Nigeria, India, Vietnam, Europe, Philippines

Mercado

Región

Comparación de regiones

Moneda

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on total consumer spending on Non-Alcoholic Drinks, which comprises all private household spending on Non-Alcoholic Drinks including at-home, out-of-home, as well as online and offline spendings.

Modeling approach:

Market sizes are determined through a Top-Down approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as in-house market research, national statistical offices, international institutions, trade associations, companies, the trade press, and the experience of our analysts. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, consumer spending (e.g. consumer spending on Non-Alcoholic Drinks, consumer spending at Hotels, Restaurants etc.), and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the exponential trend smoothing is well suited for forecasting the Non-Alcoholic Drinks market with a projected steady growth. The main drivers are GDP per capita and consumer spending per capita.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.