Report : Asia Pacific Sugarcane Juice Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Category (Organic and Conventional), Packaging Type (Bottles, Cans, and Others), and Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Online Retail, and Others)
Conventional segment has the Largest Share of Category in the Asia Pacific Sugarcane Juice Market during 2021–2028
According to a new market research study on “Asia Pacific Sugarcane Juice Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Category, Packaging Type, Distribution Channel and Country” is expected to reach US$ 70.43 million by 2028 from US$ 41.43 million in 2021. The market is estimated to grow at a CAGR of 7.9% from 2021 to 2028. The report provides trends prevailing in the Asia Pacific sugarcane juice market along with the drivers and restraints pertaining to the market growth. The growth of this market is estimated to increase awareness about health benefits of sugarcane juice , growing inclination of consumers toward all-natural and not from concentrate (NFC) juices and increasing demand for on-the-go food and beverages , however, the market is expected to experience slow growth during the forecast period owing to stringent safety regulations .
The COVID-19 pandemic severely affected many industries, including the food and beverage industry across Asia-Pacific. Due to the shutdown of manufacturing units, disruption of supply chains, and raw material shortage, there was a massive slump in production volumes and distribution. However, people in the region are knowledgeable about the nutritional benefits of consuming natural sugarcane juice. Moreover, as sugarcane juice boosts immunity and helps combat various diseases, the demand for sugarcane juice in Asia-Pacific countries remained steady. However, due to supply chain disruptions, a shortfall in product supply was witnessed, which affected the growth of the sugarcane juice market across the region.
The market for Asia Pacific sugarcane juice market is segmented into the category, packaging type, distribution channel and country. Based on category, the Asia Pacific sugarcane juice market is segmented into organic and conventional. In 2021, organic the segment accounted for the largest market share and however conventional registered the highest CAGR during the forecast period. Sugarcane grown using conventional agricultural methods is used for extracting sugarcane juice. Conventional methods employ pesticides, fertilizers, and genetically modified organisms (GMOs) for improving the crop yield. Moreover, conventionally grown sugarcane is widely available which is driving the growth of conventional sugarcane juice segment.
Goya Foods, Inc., Nutricane Beverages Pvt. Ltd., Rakyan Beverages , Numaoy Raimaijon Co., Ltd. , Hurrycane , Mr Sugarcane , Muddy Puddle Foods Pvt Ltd . The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.
The market for Asia Pacific Sugarcane Juice Market is segmented into type and application. Based on category type, the Asia Pacific Sugarcane Juice Market is segmented organic, and conventional. Based on packaging type the Asia Pacific Sugarcane Juice Market is segmented, bottles, can and others. Based on distribution channel, the Asia Pacific Sugarcane Juice Market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. By Geographically, Asia Pacific Sugarcane Juice Market is segmented into (China, Japan, India, Australia and Rest of Asia Pacific).
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