Market Insights Consumer Non-Alcoholic Drinks Juices

Other Juice, Juice Mixtures & Smoothies - Worldwide

Worldwide

The revenue generated in the Other Juice, Juice Mixtures & Smoothies market worldwide is projected to reach €45.4bn in 2023.
This market segment is expected to grow annually by 4.99% (CAGR 2023-2027).
When compared globally, in the United States generates the highest revenue in this segment, with €5,997m in 2023.
In terms of per capita revenue, each person is expected to generate €5.91 in 2023.
Looking specifically at the volume of the Other Juice, Juice Mixtures & Smoothies market, it is projected to reach 16.1bn L units by 2027.
Furthermore, this segment is expected to show a volume growth of 2.5% in 2024.
On average, each person is estimated to consume 1.94L units of the Other Juice, Juice Mixtures & Smoothies market in 2023.

Key regions: Nigeria, Singapore, Philippines, United States, Europe

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.