GVR Report cover Pineapple Juice Market Size, Share & Trends Report

Pineapple Juice Market Size, Share & Trends Analysis Report By Packaging (Tetra Pak Cartons, Metal Cans, Plastic), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2028

  • Report ID: GVR-4-68039-934-4
  • Number of Pages: 78
  • Format: Electronic (PDF)

Report Overview

The global pineapple juice market size was valued at USD 2.37 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 8.1% from 2022 to 2028. The increasing consumption of fruit juice among consumers due to its multiple health benefits is the major driving factor of the market. The continuously changing lifestyles and eating patterns of consumers have resulted in the increased intake of healthy, affordable, and quick sources of energy and nutrition like packaged fruit juice. Moreover, the rising health concerns and increasing awareness about the benefits of pineapple juice among people are major driving factors of the market.

U.S. pineapple juice market size, by distribution channel, 2019 - 2028 (USD Million)

The growing awareness about health & wellness and rising demand for healthy beverages has anticipated the growth of the pineapple juice market. Moreover, health-conscious people are continuing to include fruit juice such as pineapple juice in their daily diet to achieve their health goals. In addition to this, various companies are developing and introducing diet-specific juices and beverages products to entice such customers which in turn have projected significant growth of the market over the forecast period.

Moreover, in order to expand the consumer base, various manufacturers of fruit juice are investing in research and development to produce innovative products like sugar-free & preservative-free pineapple juice. In addition to this, evolution in the beverage industry is enhancing the overall demand for the fruit juice market. Technological advancement and innovation in the supply chain of fruit juice, from production to consumption will create opportunities for the market in the forecast period. However, stringent government rules and regulations regarding export and import are hindering the growth of the pineapple juice market.

The lockdown announced during the COVID-19 pandemic has impacted the beverage industry by increasing the consumption of a wide range of ready-to-drink products and processed beverages such as packaged fruit juice due to the health benefits associated with them. The increasing demand for juices and energetic soft drinks during the COVID pandemic has created opportunities for the market players. Thus, the market is expected to witness a healthy market growth rate in the upcoming years. 

Distribution Channel Insights

The offline channel contributed a share of around 80% in the global pineapple juice market in 2021. Consumers are more inclined towards offline purchasing for food products, grocery as well as fruit juice, where they can physically verify product quality. In addition to this, easy access and searching for various juice through stores is likely to drive the segment growth over the last few years. Offline channels are expected to remain dominant in the forecast period due to improved distribution channel networks across the globe.

The online segment of the pineapple juice market is expected to grow with the fastest CAGR of 8.5% from 2022 to 2028. The rising adoption of the e-commerce sector for the shopping of consumer goods and food products by consumers due to the internet penetration rate has witnessed lucrative growth in recent years. Several manufacturers are offering juice products on their websites as well as on e-commerce platforms, which has driven market growth. The above-mentioned factors will drive the industry sales over the forecast timeline.

Packaging Insights

The tetra pak cartons segment is contributed to the largest market share of over 45% in the global pineapple juice market revenue in 2021, and it is expected to exhibit the fastest CAGR of 9.7% from 2022 to 2028. The increasing demand for innovative and attractive packaging for fruit juice products is propelling the growth of this segment. Moreover, companies are adopting these cartons for packaging due to its environmentally friendly, sustainable, and fully recyclable which in turn will drive industry demand over the forecast period.

Global pineapple juice market share, by packaging, 2021 (%)

The metal cans segment is expected to grow with the second-highest growth rate of 8.5% over the forecast period. The growing demand for pineapple juice across the globe is expected to promote segment growth in the coming years. The increasing use of metal cans for packaging is due to more sustainability throughout the entire supply chain. Moreover, the growing popularity and demand for canned juice among the young population are also likely contributing to the market growth. Some of the manufacturers are spending more on the production of canned pineapple juice which in turn will boost the market growth. 

Regional Insights

North America made the largest contribution to the global pineapple juice market share with over 35% in 2021. The increasing awareness about the health benefits of consuming fruit juice in this region is propelling the growth of the market. In addition to this, consumers who are more concerned about health and wellness are boosting the industry's growth over the upcoming years. The rising consumption of pineapple juice products in the U.S., and Canada due to the presence of high nutrition, low calories, and low sugar has projected market growth.

Asia Pacific is the fastest-growing pineapple juice market and is expected to witness a CAGR of 9.4% from 2022 to 2028. China, India, and Japan have a huge consumer base for the consumption of pineapple juice, which will drive the regional demand. Moreover, the region is expected to grow with the fastest growth rate over the forecast period due to the increasing disposable income of the people and rising population.

Key Companies & Market Share Insights

The industry is catered with the presence of various established players such as PepsiCo Inc., The Coca Cola Company, The Kraft Heinz Company, and Fresh Del Monte Produce Inc. coupled with local manufacturers as well. Various manufacturers and suppliers have expected to focus on the logistic development and strengthening of the distribution channel to grow their business. Such initiatives are expected to boost the adoption rate of the product among consumers around the globe. Some of the key players operating in the global pineapple juice market include:

  • PepsiCo Inc.

  • The Coca Cola Company

  • The Kraft Heinz Company

  • Fresh Del Monte Produce Inc.

  • Keurig Dr Pepper Inc.

  • Hershey

  • Ocean Spray

  • Pineapple India

  • Langer Juice Company, Inc.

  • Lassonde Industries Inc.

  • Dole Food Company, Inc.

Pineapple Juice Market Report Scope

Report Attribute

Details

Market size value in 2022

USD 2.54 billion

Revenue forecast in 2028

USD 4.10 billion

Growth Rate

CAGR of 8.1% from 2022 to 2028

Base year for estimation

2021

Historical data

2017 - 2020

Forecast period

2022 - 2028

Quantitative units

Revenue in USD million/billion and CAGR from 2022 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Packaging, distribution channel, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Germany; U.K.; France; China; India; Japan; Brazil; and South Africa

Key companies profiled

PepsiCo Inc.; The Coca Cola Company; The Kraft Heinz Company; Fresh Del Monte Produce Inc.; Keurig Dr Pepper Inc.; Hershey; Ocean Spray; Pineapple India; Langer Juice Company, Inc.; Lassonde Industries Inc.; Dole Food Company, Inc.

Customization scope

Free report customization (equivalent up to 8 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

 

Segments Covered in the Report

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2017 to 2028. For this study, Grand View Research has segmented the global pineapple juice market report on the basis of packaging, distribution channel, and region.

  • Packaging Outlook (Revenue, USD Million, 2017 - 2028)

    • Tetra Pak Cartons

    • Metal Cans

    • Plastic

    • Others

  • Distribution Channel Outlook (Revenue, USD Million, 2017 - 2028)

    • Offline

    • Online

  • Regional Outlook (Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

      • France

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

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