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High Sugar Content in Juice Drinks Hindering Growth of the Juice Market in Europe Through 2019, says TechnavioTechnavio analysts forecast the juice market in Europe to decline at a CAGR of over 2% by 2019, according to their latest report. The research study covers the present scenario and growth prospects of the juice market in Europe for 2015-2019. Based on product platform, the market is divided into the following segments: 100% fruit juice from concentrate, nectar, fruit drink, 100% fruit juice not from concentrate, and vegetable juice. To calculate the market size, the report considers the revenue from and volume consumption of juices in Europe. Technavio's report highlights four major factors that are expected to uplift the global wafer inspection equipment market. Introduction of products based on stevia The rising health and wellness consciousness among consumers is leading to high demand for products that contain natural ingredients and fewer calories. This demand has driven manufacturers to introduce products based on stevia, which is a 100% natural zero calorie sweetener that is extracted from the leaves of the stevia plant. "Danone launched Proviva 50 in February 2014, which is sweetened with stevia and is available in flavors like orange, mango, raspberry, blackberry, tropical, blueberry, and redcurrant. In 2013, PepsiCo launched the Trop50 fruit juice range, which is sweetened with the herbal extract stevia, under its Tropicana brand. The product is available in various flavors like orange, orange and mango, apple, and pomegranate and blueberry," says G Vijay Sarathi, lead non-alcoholic beverages analyst at Technavio. Introduction of new flavors One of the important drivers of the juice market in Europe is the introduction of newflavors to cater to the changing consumer demand. In 2014, WILD Flavors and Specialty Ingredients launched a new flavor of juice that is a blend of strawberry and lime. "Mixed fruit flavors are also gaining popularity in the juice market in Europe as they offer a different taste and help the manufacturers to keep the raw material price low, helping them to differentiate their product from those of competitors. Pomegranate and blueberry, mango and passion fruit, pumpkin and mango, and guava and passion fruit are some of the mixed fruit flavors that are gaining popularity in Europe," says Vijay. Regional brands gaining prominence Even though the market is dominated by international players like Coca-Cola and PepsiCo, regional players have a significant market share in several European countries and their influence among consumers is increasing, which is making consumers buy more regional brand products. For instance, in Denmark, the market is dominated by Rynkeby Foods, which has a market share of 39% in the off-trade volumes and offers different varieties in its juice portfolio like tropical, apple, and mild juice and mixed flavors like apple, pear, and strawberry. In Austria, the juice market is dominated by Rauch Fruchtsäfte, which offers a wide range of products in the mid to premium price range. Innovative marketing campaigns The innovative marketing campaigns rolled out by juice drink manufacturers are another one of the key drivers of the juice market in Europe. Juice drink manufacturers are rolling out campaigns targeted at specific segments of the population, mainly children and teenagers. In 2013, Oasis, a French juice brand, rolled out TV commercials aimed at children and employed cartoon fruit icons to grab the attention of children. The brand has a major presence in online media, with a following of about 3.2 million fans on Facebook (News - Alert). In July 2014, Tropicana launched a global advertising campaign for its 100% fruit juices under the title 'It's good to be alive'. Browse Related Reports:
Purchase these three reports for the price of one by becoming a Technavio subscriber. Subscribing to Technavio's reports allows you to download any three reports per month for the price of one. Contact [email protected] with your requirements and a link to our subscription platform. About Technavio Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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