Report : Europe 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 Europe Sugarcane Juice Market during 2021–2028
According to a new market research study on “Europe 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$ 78.89 million by 2028 from US$ 48.33 million in 2021. The market is estimated to grow at a CAGR of 7.3% from 2021 to 2028. The report provides trends prevailing in the Europe 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 .
In Europe, France and the UK are amongst the worst-hit countries by the coronavirus pandemic. These countries suffered from economic downfall due to restrictions on industrial activities because of the lockdowns and border restrictions. The food and beverage industry across the region also suffered significant losses as the manufacturing units were mandated to remain shut, which created supply shortages. However, the sales of ready-to-drink (RTD) beverages and immunity-boosting health drinks surged in countries like the UK, France, and Italy, as people focused on consuming food and beverages with high nutritional benefits.
The market for Europe sugarcane juice market is segmented into the category, packaging type, distribution channel and country. Based on category, the Europe 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., KGN London, NutriCana and So'Kanaa. 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 Europe Sugarcane Juice Market is segmented into type and application. Based on category type, the Europe Sugarcane Juice Market is segmented organic, and conventional. Based on packaging type the Europe Sugarcane Juice Market is segmented, bottles, can and others. Based on distribution channel, the Europe Sugarcane Juice Market is segmented into supermarkets and hypermarkets, convenience stores, online retail, and others. By Geographically, Europe Sugarcane Juice Market is segmented into (Netherlands, France, UK, Spain and Rest of Europe).
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