NONI JUICE MARKET REPORT OVERVIEW
The global Noni Juice Market Size is USD 642.2 million in 2020 and the market is projected to touch USD 126.11 million by 2032, exhibiting a CAGR of 7.4% during the forecast period of 2021 to 2032.
Noni Juice is a beverage-made fruit that is a tropical fruit found in areas of Southeast Asia where fruit and juice also serve the purpose of traditional medicine. It is made from the fruit of the Morinda citrifolia or noni tree.
The main benefits of having Noni juice is provides joint pain relief, boosts the immune system, and weight loss, and the fruit also contains antioxidants which have health benefits such as improving the healthy immune system and relieving inflammation.
COVID-19 Impact: Market Growth Restrained by Pandemic Impact on Food Industry
The global COVID-19 pandemic has been unprecedented and staggering with the market experiencing higher than anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The food and beverage industry is worst hit by the pandemic globally and all dining-in foodservice establishments which is closed due to lockdown and the closure of foodservice businesses which impacts the decline in B2B demand.
LATEST TRENDS
Increasing Demand Due to Health Benefits To Propel The Market Growth
The increasing demand for Noni juice is due to awareness among consumers regarding health-conscious and seeking organic and natural products noni juice is extracted from noni fruit as it is known for various health benefits which include aiding digestion and boosting immunity and due to this the market will experience steady growth in forecast period. After the post-pandemic, there is increased focus among people regarding health and wellness which also helps the market to meet the demand for organic and natural products such as noni juice.
Noni Juice Market Segmentation
By Type
Based on type, Noni juice market is segmented into:
- Natural Noni Juice: Natural noni cultivation involves the usage of synthetic fertilizers, herbicides, and pesticides which are harmful to the environment and human health.
- Organic Noni Juice: Organic juice cultivation relies on sustainable and natural practices such as crop rotation, composting and the use of natural pest control methods and fertilizers benefits of organic noni juice is more than natural ones due to the absence of harmful chemicals and has higher level of health beneficial compounds and which also increase the Noni Juice Market Share.
By Application
Based on application, Noni juice market is segmented into:
- Food & Beverages: The use of noni juice in the food and beverage industry as juice has various health benefits providing joint pain relief, boosting the immune system and weight loss, and the fruit also contains antioxidants.
- Healthcare Products: The use of noni juice has various health benefits such as helping to lower blood sugar levels, enhancing skin health as it reduces skin fine lines and facial wrinkles, helping to cure arthritis as joint pain relief, helping in weight loss as it decreases body fat, in cancer as it has anti-cancer activity and which improve patient condition as regular intake of noni fruit juice.
DRIVING FACTORS
Increasing Inclination of Consumers for Noni Juice Due to Health Benefits
The increasing demand for Noni juice is due to its health as it prevents the risk of cancer, helps in the proper functioning of the heart and liver, and also helps in health conditions diabetes and gout due to its antioxidant properties such as anti-bacterial, antifungal, and anti-psychotic effects which reduces the condition of arthritis.
Demand for Noni Juice Leads to Increase the Profits
Due increase in demand for noni juice among consumers because of health benefits leads to an increase in the Noni Juice market growth of this industry which ultimately boosts the profits for noni product suppliers.
RESTRAINING FACTORS
Side Effects Of Noni Juice Based On Consumption To Restrain The Market Growth
Excessive use of noni juice leads to side effects on human health such as nausea, irregular heartbeat, muscle weakness, and hyperkalemia which is due to a high level of potassium in the blood. So it is advised to consult a doctor and to get treatment for any of the side effects that occur.
NONI JUICE MARKET REGIONAL INSIGHTS
The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and the Middle East & Africa.
North America To Dominate The Region Due To The Largest Market For Noni Juice
North America is the major market for noni juice as it has a dominant share of the market in terms of the largest application of health benefits of noni which made North America the largest producer and consumption market for noni juice.
KEY INDUSTRY PLAYERS
Key Players Transforming The Noni Juice Market Landscape Through Innovation And Advancement Of Technology
Major industry players are pivotal in shaping the Noni Juice market, driving change with innovation and technologies and it leads to making a product that has a global presence. By consistently introducing new and effective solutions that help to stay at the forefront of technological progress key players redefine the industry’s standards.
Expansive global reach enables market penetration, addressing diverse needs across countries. The groundbreaking and seamless innovation with the help of strategic footprint positioning leads to establishing quality and effective standards to make the market more competitive.
List of Market Players Profiled
- Morinda Holdings(U.S.)
- Noni Biotech(India)
- Arlak Ayurveda (India)
- Puna Noni(U.S.)
- Healing Noni (U.S.)
INDUSTRIAL DEVELOPMENT
May 2022: Arlak Ayurveda is a noni juice manufacturer in India the company provides premium quality noni juice at an economical price tag. The manufacturer has state-of-the-art manufacturing units and GNMPWHO-approved infrastructure which help to produce quality and bulk production of products.
REPORT COVERAGE
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market’s components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including the market share of significant competitors. Overall, it offers valuable and comprehensive insights into market insights in a formal and easily understandable manner.
