Home > Food & Beverages > Beverages > Non-Alcoholic Beverages > Orange Juice Market
Orange Juice Market Size
Orange Juice Market size surpassed USD 6.5 Billion in 2023 and is anticipated to expand 5.5% from 2024 to 2032.
Increasing consumer awareness regarding the health benefits of orange juice, such as vitamin C content, antioxidants, and immune-boosting properties, has fuelled the industry demand. Ready-to-drink packaged orange juice products are gaining popularity due to their convenience, ease of consumption, and on-the-go nature. Consumers are showing a preference for premium and natural orange juice products, including organic, cold-pressed, and freshly squeezed options.
Report Attributes | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 6.5 Billion |
Forecast Period: | 2024 to 2032 |
Forecast Period 2024 to 2032 CAGR: | 5.5% |
2032 Value Projection: | USD 7.9 Billion |
Historical Data for: | 2018 to 2023 |
No. of Pages: | 200 |
Tables, Charts & Figures: | 181 |
Segments covered: | Processing Type, Distribution Channel |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The orange juice market growth, driven by factors such as increasing consumer demand for healthy beverages, product innovation, and expanding distribution channels. Market players are expected to focus on sustainable sourcing, production processes, and packaging to meet evolving consumer expectations and regulatory requirements. Emerging markets, particularly in Asia-Pacific and Latin America, offer significant growth potential due to rising urbanization, changing consumer lifestyles, and increasing disposable incomes.
COVID-19 Impact
During the pandemic, the food and beverage industry, including restaurants, cafes, and hotels, faced numerous challenges due to lockdowns, social distancing measures, and reduced consumer demand. This had a direct impact on the consumption of orange juice within these establishments. Many foodservice providers experienced temporary closures or limited operations, resulting in a decline in the demand for orange juice in the out-of-home sector.
Orange Juice Market Trends
North America represents a mature region for orange juice market, with a high level of consumption and established distribution channels. Health consciousness and demand for nutritious beverages drive the market, with a growing preference for natural, organic, and cold-pressed orange juice products. The U.S. dominates the market with consumers valuing quality, taste, and convenience. Dipentene, also known as limonene, is a natural compound found in the peels of citrus fruits, including oranges. Dipentene has a strong citrus aroma and is commonly utilized as a flavoring and fragrance ingredient.
Orange Juice Market Analysis
Frozen concentrated orange juice has been a popular processing method for several years, and was valued at USD 1 billion in 2022 and will cross a valuation of 1.3 billion till 2032. FCOJ is produced by removing water from freshly squeezed orange juice, resulting in a concentrated form that can be stored for an extended period. Consumers can reconstitute it with water to obtain a ready-to-drink orange juice. FCOJ offers convenience, longer shelf life, and cost-effectiveness. NFC orange juice is typically pasteurized and packaged to retain its natural flavor, nutritional value, and aroma. NFC juice is perceived as being closer to freshly squeezed juice, offering a more authentic taste experience.
Convenience stores play a vital role in the distribution of orange juice, particularly for on-the-go consumers. Global orange juice market revenue by convenience stores was USD 1.4 Billion in 2022 and will observer 4.8% growth rate during the forecast period. These smaller retail outlets offer single-serve orange juice bottles or smaller packaging formats, making it convenient for consumers to grab a refreshing beverage while on the move. Specialty food stores, such as health food stores and gourmet food retailers, cater to specific consumer segments seeking premium and specialized orange juice products. These stores often offer organic, cold-pressed, or unique flavor varieties of orange juice, appealing to health-conscious and discerning consumers.
Europe is a significant market for orange juice, characterized by diverse consumer preferences and a strong emphasis on quality and naturalness. The European industry revenues was USD 2.2 billion and will reach over USD 3.2 billion by 2032. The region witnesses demand for both chilled and shelf-stable orange juice, with a rising trend toward premium and specialty products. Germany, the United Kingdom, and France are major consumers of orange juice in Europe, while Eastern European countries show potential for business growth.
The Asia Pacific orange juice market is experiencing robust growth, driven by rising disposable incomes, urbanization, and changing lifestyles. Increasing health awareness and Western influences contribute to the product demand, particularly in countries like China, Japan, India, and Southeast Asian nations. The market for orange juice in China is estimated to attain 5.5% gains during the forecast timeframe.
Orange Juice Market Share
The industry is highly competitive, with several key players making significant contributions to the industry. Companies such as:
- Citrosuco
- Sucocitrico Cutrale
- Agroterenas Terras
- Louis Dreyfus Company (LDC)
- Citrofrut
- Food Specialties Limited
are recognized as leaders in the orange juice business landscape. These companies have established themselves through their expertise in citrus processing, sustainable practices, global supply chains, and commitment to meeting consumer demands. Their collective efforts have helped shape the industry and ensure a steady supply of orange juice products that cater to diverse consumer preferences.
Orange Juice Industry News:
- In November 2022, Citrosuco launched Evera, a new business unit that produces natural ingredients for different industries by reusing orange waste including husks, peels, leaves, and seeds.
- In November 2021, Sucocitrico Cutrale halted the export of orange juice concentrates to the U.S. The profit margins for shipments from Brazil, the world's largest orange juice exporter, have been reduced by a new tax imposed on exported juice concentrates. Cutrale, which supplies orange juice brands such as Minute Maid and Simply Orange, is looking to export from Mexico, citing unnamed sources.
- The Agroterenas Terras focuses on agricultural activities, primarily in Brazil. Agroterenas Terras has approximately 42,520 hectares of land under cultivation. The company develops & sells agricultural land for a variety of purposes including farming, ranching, and forestry. It also provides a variety of services related to agricultural land development such as land surveying, clearing, preparation, irrigation, and fencing.
This orange juice market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilo Tons and revenue in USD Million from 2018 to 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Processing Type
- Frozen Concentrated Orange Juice (FCOJ)
- Not-From-Concentrate Juice (NFC)
- Refrigerated Orange Juice from Concentrate (RECON)
- Nectar
Market, By Distribution Channel
- Food & Beverage Industry
- Food Service Provider
- Supermarkets And Hypermarkets
- Convenience stores
- Specialty food stores
- Online retail
Market, By region
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
- Saudi Arabia
Frequently Asked Questions (FAQ) :