GCC Fruits and Vegetables Juice Market size is estimated to reach $3.2 Bn by 2025 and is poised to grow at a CAGR of 6.8% during the forecast period 2020-2025. The fruits and vegetables juice are enriched with the functional ingredients which improves nutritional values. The strong economic growth of GCC region has altered the dietary patterns with the growing consumption of processed and fast foods, which has led to higher obesity rates among the individuals. As a result, there has been an increase in the sales of fruits and vegetables juice, which are the richest source of nutrients. Increased consumption of organic, natural, and ethically sourced ingredients present in the fruits and vegetables juice has substantially increased the consumption of premium GCC Fruits and Vegetables Juice. Additionally, the nutritional benefits which are offered by the Fruits and Vegetables Juice is the key factor that is estimated to drive the growth of the GCC Fruits and Vegetables Juice market over the forecast years 2020-2025.
GCC Fruits and Vegetables Juice Market Segment Analysis - By Packaging
The GCC Fruits and Vegetables Juice Market based on Mode of Packaging, can be further segmented into Bottles, Cans, Tetra Packs, and others. Tetra Packs segment registered for the highest revenue in 2019 and is estimated to grow at highest CAGR of 7.4% over the forecast years 2020-2025. This is owing to their convenience, lightweight, and environment-friendly nature. Rising levels of consumption of fruits and vegetable juices which are packed in tetra packs is also estimated to drive market growth during the forecast period. (2020-2025).
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GCC Fruits and Vegetables Juice Market Segment Analysis - By Distribution Channel
The GCC Fruits and Vegetables Juice Market based on Mode of End-Use, can be further segmented Supermarkets/Hypermarkets, Online Channel, Specialty Stores, and others. The Supermarkets/Hypermarkets segment registered for highest revenue in 2019 and projected to grow at the highest CAGR during the forecast period 2020-2025 owing to the one-stop shopping experience for consumers, and a wide range of availability for Fruits and Vegetables Juice.
GCC Fruits and Vegetables Juice Market Segment Analysis - By Geography
The GCC Fruits and Vegetables Juice Market based on Country, can be further segmented into Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and United Arab Emirates. Saudi Arabia registered for the highest revenue in 2019 with a share of 36.9% owing to the factors such as increase in the health consciousness among individuals, increase in the disposable income of individuals, and growing concerns about physical well-being. However, United Arab Emirates is estimated to outpace all the regions by clocking the fastest CAGR during the forecast period 2020-2025 owing to the increase in the innovations of flavors with added health benefits in the country.
GCC Fruits and Vegetables Juice Market Drivers
Increase in Demand
The GCC Fruits and Vegetables Juice Market is driven by the rising awareness of healthy lifestyle along with the increasing disposable income among the consumers. The changing lifestyles of the consumers has led them to opt for the ready to drink fruits and vegetables juice, as they are easily available and also convenient to consume. Increased consumption of organic, natural, and ethically sourced ingredients present in the fruits and vegetables juice has substantially increased the consumption of premium GCC Fruits and Vegetables Juice, which is one of the major factors driving the growth of the market. Additionally, the nutritional benefits which are offered by the Fruits and Vegetables Juice is the key factor that is estimated to drive the growth of the Fruits and Vegetables Juice market over the forecast years 2020-2025.
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GCC Fruits and Vegetables Juice Market Challenges
Price Volatility
The drastic shift from the actual seasonal cycle impedes the quality and rate of crop production, which affects the market negatively. Price volatility of the fruits and vegetables is one of the restraint factors in the GCC Fruits and Vegetables Juice market. However, strict government rules and regulations faced by the market is acting as a major challenge for the growth of the GCC Fruits and Vegetables Juice Market during the forecast period 2020-2025.
GCC Fruits and Vegetables Juice Market Industry outlook:
Product launches, mergers and acquisitions, joint ventures, and geographical expansions are key strategies adopted by players in the GCC Fruits and Vegetables Juice Market. Key companies of this market Almarai, Al Rabie, Caser, Arrow Juice, Union Beverages Factory, Barakat Quality Plus, The Berry Company, Del Monte Quality, Jumbo, and The Coco-Cola Company among others.
Acquisitions/Product Launches:
In January 2020, The Federation of UAE Chamber of Commerce and Industry announced to increase the agricultural investments overseas, to increase the production of fruits and vegetables juice.
In March 2018, Al Rabie announced that it has collaborated with Saudi Airlines Catering Company. This collaboration helped Rabie in distributing the fruit and vegetable juices on board of all Saudi Airlines flights.
Key Takeaways
Geographically, the Saudi Arabia area is poised to see extraordinary development owing to increase in the health consciousness among individuals in the country.
The demand for the GCC Fruits and Vegetables Juice Market is owing to the increasing for the ready to drink fruits and vegetables juice, as they are easily available and also convenient to consume.
The Price volatility of the fruits and vegetables is one of the restraint factors, which is estimated to restrain the market growth during the forecast period 2020-2025.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the GCC Fruits and Vegetables Juice Market report.
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