The industry is expected to grow to US$43.34 billion in revenue in 2016.
Los Angeles, CA (PRWEB) November 15, 2011
As recently as 2000, the fruit and vegetable juice market in China was an undeveloped one. In the past decade, the industry has developed rapidly, and the Fruit and Vegetable Juice Manufacturing industry in China has experienced strong growth, with that trend set to continue. According to IBISWorld, America’s largest publisher of industry research, revenue is forecast to grow at an average annualized rate of 22.5% over the next five years to US$43.34 billion in 2016.
In 2007, China’s Fruit and Vegetable Juice Manufacturing industry overtook the carbonated beverage segment in both output and revenue. According to IBISWorld, market saturation and health concerns about sugary sodas have allowed juice manufacturers to capitalize on a thirsty nation with increasing per capita income. The industry averaged 26.1% annual revenue growth over the past five years.
Higher product prices, continuous introduction of new products and industry concentration levels are expected to lead to higher profit margins in the industry. Total output of fruit and vegetable juice is expected to increase 28.9% from 2010.
Output of fruit juices and beverages is expected to continue growing strongly in the outlook period as many players' previous investments will be realized via improved production capability. In addition, rising product prices are expected to lead to higher industry revenue growth. Economic improvements in developed countries are expected to drive a strong rebound in industry exports, while imports will continue growing due to increasing domestic demand.
For more information, including industry forecasts, profit and market segmentation, download IBISWorld’s Fruit and Vegetable Juice and Beverage Manufacturing in China report
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Establishments in the Fruit and Vegetable Juice and Beverage Manufacturing industry in China use fresh or frozen fruit and vegetables, such as apples, oranges, pears, mangos, berries, tomatoes and carrots, as raw materials to extract juice. This can then be mixed with water, liquid sugars, additives and preservatives to produce fruit or vegetable juice or beverages. Final products contain at least 10% juice and up to almost 100% pure juice.
Fruit and Vegetable Juice and Beverage Manufacturing in China Industry Report -- Key Topics
Key External Drivers
Industry Life Cycle
Products & Markets
Products & Services
Globalization & Trade
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on 200 Chinese industries. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.cn or call 1-800-330-3772.