Global 3D Printers Market to grow at a Robust CAGR of 35.08% during the period 2017-2021

Summary

Orbis Research Inclusive Report: Global 3D Printers Market to grow at a CAGR of 35.08% during the period 2017-2021.

Description

Markets and Trends In – Global Commercial Electric Juicing Machines Market 2017-2021

the following companies as the Key Players in the Global Commercial Electric Juicing Machines Market: Omega Products, Robot Coupe, Santos, and Waring.

Other Prominent Vendors in the market are: Crown Pacific Global, Ceado, Champion Juicer, Nutrifaster, Sammic, Samson Life, Semak Australia, Zumex Group, and Zummo.

Commenting on the report: “One trend in market is increasing focus on using nylon composites in juicing machines. With a focus on increasing the durability of commercial electric juicing machines, many vendors operating in this space have started using strong and long-lasting raw materials. Most commercial electric masticating juicing machines have a plastic body, which can become brittle when subjected to high pressure. To address this issue, vendors are now coming up with better raw materials that are more durable and stronger. For instance, Champion Juicer’s commercial masticating juicing machines are constructed using nylon composites. Since nylon composites are more durable in comparison to plastic (even under high pressure), the use of this raw material makes the appliances shatterproof. Nylon composites are also approved by the Food and Drug Administration (FDA) with respect to their usage in food processing equipment. Concerns regarding the presence of bisphenol-A (BPA) can also be eliminated by using nylon composites. Omega Products’ commercial masticating juicer model TWN30S Twin Gear Juicer makes use of gears that are made up of BPA-free nylon composites.”

According to the report, one driver in market is high profit margins for end-users. End-users like juice bars and other foodservice establishments can make significant profit margins by using high-quality commercial electric juicing machines, as the cost of these appliances can be recovered in just a few weeks’ time. For instance, the average price to produce a liter of fresh orange juice is $3.5, while the average selling price of the same is around $10. This translates to over 60% profit on every liter of fresh orange juice that is sold. Owing to such high profit margins, many foodservice establishments such as juice bars and cafes, where the juice consumption is significantly high, can recover the equipment cost in about a month’s time. The high profit margins encourage many prospective foodservice operators to start a fresh juice business.

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Further, the report states that one challenge in market is prevailing market for manual and refurbished juicing machines. In the global juicing machines market, manual juicers have a significant contribution as many foodservice establishments, particularly the price-sensitive ones, still use manually operated juicers. This can primarily be attributed to the low cost of manually operated appliances in comparison to their automated counterparts. While manually operated juicers are priced between $20 and $300, commercial electric juicing machines are priced between $150 and $6,000. Although manual appliances require more labor and are susceptible to cross-contamination, most smaller independent foodservice establishments, where the demand for freshly prepared juices is comparatively less, tend to buy manual juicers. These manual juicers are significantly popular in many developing economies where the electricity supply is intermittent and labor costs are not very high. In addition, some vendors also provide refurbished juicing machines, which can further hamper the sales of new units of commercial electric juicing machines. For instance, Omega Products offers refurbished commercial masticating juicing machine model 8006 Nutrition System Juicer, which is priced around $200, while a similar new unit is priced around $300.

 

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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