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AI is Redefining the Juicer Market, USD 9.04 Billion Growth Forecast (2024-2028) Driven by Urbanization and Changing Lifestyles – Technavio Report

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NEW YORK, Sept. 18, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global juicer market size is estimated to grow by USD 9.04 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 38.2% during the forecast period. Rising urbanization and changing consumer lifestyles is driving market growth, with a trend towards rising focus on manufacturing energy-efficient and lightweight juicers. However, fluctuations in raw material prices and operational costs poses a challenge. Key market players include AB Electrolux, Bajaj Electricals Ltd., Borosil Ltd., Breville Group Ltd., Cuisinart, DeLonghi Group, Donlim, Hamilton Beach Brands Holding Co., Havells India Ltd., Hurom America Inc., Joyoung Co. Ltd., Koninklijke Philips N.V., Kuvings, MIDEA Group Co. Ltd., Newell Brands Inc., Omega Juicers, Panasonic Holdings Corp., SEB Developpement SA, Treasure Retail Pvt. Ltd., and TTK Prestige Ltd..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Juicer Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 38.2%

Market growth 2024-2028

USD 9037.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

29.38

Regional analysis

APAC, Europe, North America, Middle East and Africa, and South America

Performing market contribution

APAC at 42%

Key countries

US, China, India, UK, and Germany

Key companies profiled

AB Electrolux, Bajaj Electricals Ltd., Borosil Ltd., Breville Group Ltd., Cuisinart, DeLonghi Group, Donlim, Hamilton Beach Brands Holding Co., Havells India Ltd., Hurom America Inc., Joyoung Co. Ltd., Koninklijke Philips N.V., Kuvings, MIDEA Group Co. Ltd., Newell Brands Inc., Omega Juicers, Panasonic Holdings Corp., SEB Developpement SA, Treasure Retail Pvt. Ltd., and TTK Prestige Ltd.

 

Market Driver

In the juicer market, energy efficiency is a significant consideration for both residential and commercial consumers to reduce costs and save energy. Juicer manufacturers are responding to this demand by integrating energy-efficient technologies and equipment into their machines. Companies like Panasonic, Electrolux, and Philips are leading the way in this area. Additionally, the trend towards using lightweight materials in household appliances, such as aluminum, composites, high-strength steel, magnesium, and plastics, is growing rapidly. The primary reason for this trend is the demand for energy-efficient and eco-friendly products that emit fewer harmful substances and less noise pollution. The increasing awareness of climate change and environmental issues, as well as rising energy prices, are driving the demand for lightweight juicers. For instance, aluminum has a density of 2.7 g/cm3, while polymers have a density of around 1.3 g/cm3. This difference in density allows for weight reduction and cost savings. By using lightweight materials in juicer bodies and parts, manufacturers can reduce both the weight and size of the juicer, making it more appealing to consumers and helping them comply with environmental regulations. These advancements in juicer technology are expected to fuel market growth in the coming years. 

Juicers are popular kitchen appliances that extract the natural goodness from fruits, vegetables, and herbs. Current trends include a focus on antioxidants, vitamins, and minerals. Technology innovation brings US various types like centrifugal, masticating, and triturating juicers. Goodnature’s sleek designs are a hit in the kitchenware segments. Fruits, vegetables, and raw fruits or vegetables are common ingredients. Television shows and health awareness campaigns promote juicing as a healthy dietary food item. The tourism industry and juice shops/bars offer unique juicing experiences. Discounts, coupons, and vouchers make juicers more accessible. Residencies for juicing experts add value. Breakfast culture fuels the demand for juicers. Innovations include smart homes integrating juicers, antimicrobials for hygiene, and conditioners/moisturizers for pulp. Commercial and residential markets cater to mixers, grinders, reamers, juicing presses, steam juice extractors, and electric juicers. Lifestyle and health consciousness drive the market growth. Triturating and masticating juicers are commercial favorites. 

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 Market Challenges

The price of juicers is influenced by various factors, including manufacturing costs, labor costs, raw material prices, and transportation and marketing expenses. Manufacturing costs, labor costs, and raw material prices account for a significant portion of the juicer’s final price. Raw materials, such as steel, iron, plastic, and rubber, have experienced price volatility in both the US and international markets. This instability in raw material prices can result in either increased juicer prices or reduced manufacturer profit margins. Transportation costs, which include fuel prices, also impact the final product price. Fluctuations in fuel prices significantly affect the cost of transporting raw materials and finished goods. For instance, rising crude oil prices can lead to increased fuel costs and higher transportation expenses. In a competitive market with numerous international and local vendors, manufacturers must keep juicer prices affordable to avoid losing consumers to cheaper alternatives. As a result, vendors often reduce their profit margins, which can impact their operational and research and development costs. Overall, raw material price fluctuations pose a challenge for juicer manufacturers in the global market, potentially hindering market growth during the forecast period.In the dynamic market of Juicers, breakfast culture and tourism industry create significant opportunities. Juice shops and bars are thriving, requiring various types of juicers like mixers, grinders, electric juicers, and centrifugal, masticating, and triturating juicers. Households and smart homes also contribute, with health consciousness driving demand for dietary food items like vegetables, herbs, raw fruits, and raw vegetables. Lifestyle and health awareness campaigns boost sales. Commercial and residential sectors seek advanced juicers with antimicrobials, conditioners, and moisturizers, while avoiding Paraben, propellants, and other additives. Store-based sales remain crucial, offering a wide range of juicers catering to diverse customer needs.

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Segment Overview 

This juicer market report extensively covers market segmentation by

Product 1.1 Centrifugal juicer1.2 Masticating juicer1.3 Triturating juicerEnd-user 2.1 Residential2.2 CommercialGeography 3.1 APAC3.2 Europe3.3 North America3.4 Middle East and Africa3.5 South America

1.1 Centrifugal juicer- Centrifugal juicers are the most widely used type of juicer in residential applications due to their efficiency and affordability. These juicers feature a mesh chamber with sharp teeth and a high-speed metal blade that shreds fruits and vegetables into pulp, separating the juice. Centrifugal juicers are ideal for juicing high-fiber fruits and vegetables like carrots, apples, and beetroot. While they can process produce quickly, they generate heat and noise, which may impact the nutritive value and freshness of the juice. Despite these limitations, centrifugal juicers are cost-effective and popular for home use. Vendors, such as Philips, are enhancing these juicers with advanced technologies, like FiberBoost, to cater to consumer preferences and expand market growth. Centrifugal juicers cost between USD40 and USD200, making them an accessible option for households.

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Research Analysis

Juicers are innovative kitchen appliances that extract the natural goodness from raw fruits, vegetables, and herbs. Antioxidants and vitamins and minerals abound in these fresh produce, making juicers a popular choice for health-conscious households and smart homes. From electric juicers like centrifugal, multicasting, and triturating models, to manual reamers and juicing presses, there’s a juicer for every kitchen and lifestyle. Television shows and kitchenware segments have showcased the benefits of juicing, making it a trendy dietary food item. The technology innovation in juicers allows for efficient extraction of juice while minimizing pulp and maximizing nutrient retention. Steam juice extractors are a recent addition to the market, preserving the heat-sensitive nutrients in fruits and vegetables. Fruits, vegetables, and herbs are the primary ingredients for juicing, with raw fruits and vegetables providing the most nutritional benefits. The design of juicers has evolved to cater to various kitchenware segments, making them stylish and convenient additions to any kitchen. Whether you’re a beginner or an experienced juicer, there’s a juicer to suit your needs and preferences.

Market Research Overview

Juicers have become a popular kitchen appliance for households and commercial establishments, as people increasingly prioritize their health and wellness. Antioxidants found in fruits and vegetables are extracted and concentrated through juicing, providing a rich source of vitamins and minerals. Technology innovation and design have transformed juicers into sleek and efficient machines, with various types such as centrifugal, masticating, and triturating juicers catering to different needs. Juice shops, bars, and even television shows have fueled the trend, offering discounts, coupons, and vouchers to attract customers. The kitchenware segment has expanded to include mixers, grinders, and reamers, while smart homes integrate juicers into their systems. Breakfast culture and the tourism industry have also been influenced by the juice craze, with many offering unique juicing experiences. Vegetables, herbs, raw fruits, and raw vegetables are all fair game for juicing, making it a versatile dietary food item. Health consciousness campaigns continue to promote the benefits of juicing, with antimicrobials, conditioners, and moisturizers added to some models for added health benefits. Paraben-free, propellant-free, and store-based options are also available for those with specific preferences.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductCentrifugal JuicerMasticating JuicerTriturating JuicerEnd-userResidentialCommercialGeographyAPACEuropeNorth AmericaMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Global AI Leader and Enterprise Transformation Visionary Zeya Ottomone Appointed Chief Executive Officer of Integrow

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Author of Empowered to Execute in the Agentic Era to Lead Next Generation of AI-Powered Enterprise Innovation

ATLANTA, July 24, 2026 /PRNewswire-PRWeb/ — Integrow announced the appointment of Zeya Ottomone as Chief Executive Officer, marking a significant milestone in the company’s evolution as it accelerates its vision to become a global leader in Agentic AI-powered enterprise software and business transformation.

Integrow announced the appointment of Zeya Ottomone as Chief Executive Officer, marking a significant milestone in the company’s evolution as it accelerates its vision to become a global leader in Agentic AI-powered enterprise software and business transformation.

With more than three decades of executive leadership spanning Fortune 500 enterprises, global technology organizations, and enterprise software innovation, Ottomone joins Integrow at a defining moment in the evolution of artificial intelligence.

Widely recognized for helping organizations modernize operations, simplify complex business ecosystems, and deliver measurable transformation outcomes, Ottomone has led some of the industry’s largest enterprise modernization initiatives across ERP, CRM, workforce management, cloud computing, cybersecurity, artificial intelligence, and intelligent automation. His appointment signals Integrow’s commitment to redefining how enterprises execute strategy in the era of autonomous AI.

“Artificial Intelligence is no longer about automation alone, it’s about empowering organizations to execute faster, make smarter decisions, and fundamentally rethink how work gets done,” said Zeya Ottomone, Chief Executive Officer of Integrow. “We’re entering the Agentic Era, where intelligent AI agents become trusted digital teammates capable of planning, reasoning, collaborating and executing alongside people. At Integrow, we’re building the enterprise platform that makes that future practical, secure and measurable for every organization.”

Ottomone is internationally recognized as a leader in enterprise technology, SaaS transformation, digital modernization and AI-enabled business strategy. Throughout his career he has held executive leadership and C-level positions with ABB, Honeywell, AmerisourceBergen, Cable & Wireless, Chicago Tribune and Rimini Street, leading global organizations through large-scale transformation initiatives across North America, Europe, Asia-Pacific and the Middle East. His expertise spans enterprise applications, Salesforce ecosystems, ServiceNow, ERP modernization, customer experience, intelligent operations, data strategy, and the emerging field of Agentic AI.

Before joining Integrow, Ottomone led global SaaS Centers of Excellence focused on enterprise transformation, helping organizations modernize critical business operations while reducing technology complexity and accelerating innovation. A certified Lean Six Sigma Master Black Belt and recognized executive advisor, Ottomone has consistently delivered operational excellence by combining strategic leadership with emerging technologies to create sustainable business value.

His appointment also coincides with the upcoming publication of his new book, Empowered to Execute in the Agentic Era, which explores how organizations can bridge the gap between strategy and execution by leveraging AI, empowering people, and building intelligent enterprises capable of continuous innovation. The book reflects many of the same principles that will guide Integrow’s next phase of growth: human-centered AI, intelligent automation, operational excellence, and measurable business outcomes.

Under Ottomone’s leadership, Integrow will accelerate investment across:

Agentic AIEnterprise AI PlatformsIntelligent ERPAI-powered CRMHuman Capital ManagementIT Service ManagementPredictive AnalyticsAutonomous WorkflowsEnterprise CopilotsIndustry-specific AI Solutions

The company’s vision is to deliver a unified enterprise platform where AI is embedded into every business process, enabling organizations to eliminate operational silos, automate decision-making, increase productivity, and create competitive advantage through intelligent execution. “Zeya represents exactly the type of visionary leader required for the next generation of enterprise software,” said Harvey Nicholson, Chair of Corporate Governance and Member of Integrow’s Board of Directors. “His global experience, deep understanding of enterprise technology, and forward-looking vision for Agentic AI position Integrow to become one of the industry’s most innovative AI-powered enterprise software companies.”

Wayne Gadson, Chair of Growth Strategy, added: “The future belongs to organizations that can execute strategy with intelligence, speed and confidence. Zeya has spent his career helping enterprises achieve exactly that. His appointment marks the beginning of an exciting new chapter for Integrow, our customers and our partners worldwide.” As enterprises face mounting pressure to modernize operations, reduce costs, improve workforce productivity and harness the power of artificial intelligence, Integrow is uniquely positioned to help organizations transform through a single AI-powered enterprise platform that unifies finance, operations, customer engagement, workforce management, projects and service delivery.

“Our mission is simple,” Ottomone concluded. “We don’t believe AI should replace people. We believe AI should elevate people. The organizations that will define the next decade won’t simply adopt AI—they’ll empower every employee to execute better decisions every day. That’s the future Integrow is building.”

About Integrow

Integrow is a global enterprise software company delivering next-generation AI-powered business applications built on Salesforce. The platform unifies ERP, CRM, Human Capital Management, IT Service Management, Project Management, Field Service, Finance and Operations into a single intelligent ecosystem enhanced by Agentic AI.

By embedding artificial intelligence into every workflow, Integrow enables organizations to modernize operations, accelerate innovation, improve decision-making and execute strategy with confidence.

For more information, visit www.integrow.com.

Media Contact

Media Team, Integrow, Inc., 1 855-333-4769, info@integrow.com, www.integrow.com 

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SOURCE Integrow, Inc.

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Lufax Announces Board and Management Changes

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SHANGHAI, July 24, 2026 /PRNewswire/ — Lufax Holding Ltd (“Lufax” or the “Company”) (NYSE: LU and HKEX: 6623), a leading financial services enabler for small business owners in China, today announced changes to its board of directors and senior management, effective July 25, 2026.

Ms. Fangfang Cai (“Ms. Cai”), Mr. Shibang Guo (“Mr. Guo”) and Mr. Peifeng Li (“Mr. Li”) have resigned as non-executive directors of the Company and from their respective positions on the Board’s committees. Mr. Tongzhuan Xi (“Mr. Xi”) has resigned as an executive director, the chief financial officer and the authorised representative of the Company (“Authorised Representative”) under Rule 3.05 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (“Hong Kong Listing Rules”), with effect from July 25, 2026. Each of the four directors cited personal work arrangements as the reason for their resignation and confirmed there is no disagreement with the Board and no matter relating to their departure that needs to be brought to shareholders’ attention.

The Company has begun a search for a new chief financial officer. During the transition, the CFO’s duties will be temporarily assumed by the Company’s internal team to ensure continuity of the Company’s financial functions. Mr. Xiang Ji, an executive director and the Company’s chief executive officer, has been appointed as the Authorised Representative, the Company’s designated liaison with the Stock Exchange under the Hong Kong Listing Rules, in place of Mr. Xi, with effect from July 25, 2026.

The Board has appointed Mr. Wai Kin Chim (“Mr. Chim”) as an independent non-executive director for an initial three-year term commencing July 25, 2026.

Mr. Chim, aged 65, has over 40 years of experience in international banking and extensive board experience in Asia Pacific, having worked in Hong Kong, Singapore and Beijing. He specializes in risk management and internal control, with a strong emphasis on corporate governance, credit risk, market risk and capital management.

Mr. Chim served as a loan officer at Standard Chartered Bank, Hong Kong Branch, from October 1985 to August 1988. He was then employed by Bankers Trust Company, Hong Kong Branch, as a vice president of the Asia Credit Department from September 1988 to October 1996. He subsequently served as the managing director and the chief credit officer for Deutsche Bank AG, a company listed on the Frankfurt Stock Exchange under ticker symbol DBK, for Asia Pacific (non-Japan Asia), from October 1996 to November 2006. He joined Bank of China Limited, a company listed on the Main Board of the Stock Exchange under stock code 3988, as the chief credit officer from March 2007 to March 2015.

Mr. Chim was an independent non-executive director of Standard Chartered Bank (China) Limited from October 2015 to October 2017. He served as an independent non-executive director of HDR Global Trading Limited, owner and operator of the BitMEX digital asset trading platform, from February 2021 to February 2022. Mr. Chim served as a non-executive director of China Chengtong Hong Kong Company Limited from July 2022 to June 2025. Mr. Chim is currently an independent non-executive director of OCBC Bank (Hong Kong) Limited, since November 2017; an independent non-executive director of Banco OCBC (Macau), S.A., since August 2023; an independent non-executive director of China Intellogis Technology Co., Ltd., since June 2024; and a director of Hong Kong Dance Company Limited since June 2026.

Mr. Chim obtained a Bachelor of Science degree from the Chinese University of Hong Kong in 1983 and an MBA degree from Indiana State University, USA, in 1985. He also graduated from the Senior Executive Program at Columbia University in 2000.

In connection with these changes, with effect from July 25, 2026, Ms. Cai will step down from the Nomination and Remuneration Committee, and Mr. Koon Wing Ernest Ip has been appointed as a member to that committee. The Company’s Special Committee will comprise Mr. Dicky Peter Yip, Mr. Koon Wing Ernest Ip and Mr. Siu Hong Cheng, continuing under the chairmanship of Mr. Dicky Peter Yip, with effect from July 25, 2026.

The Board would like to take this opportunity to thank Ms. Cai, Mr. Guo, Mr. Li and Mr. Xi for their service during the tenure of their office and warmly welcome Mr. Chim to the Board.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. The Company offers financing products designed principally to address the needs of small business owners. In doing so, the Company has established relationships with 85 financial institutions in China as funding partners, many of which have worked with the Company for over three years.

Investor Relations Contact

Lufax Holding Ltd
Email: Investor_Relations@lu.com

ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com

 

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SOURCE Lufax Holding Ltd

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UMD Smith School Researchers Warn AI Security Lapses Highlight Urgent Need for Independent Oversight

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COLLEGE PARK, Md., July 24, 2026 /PRNewswire/ — A series of recent AI security lapses—including the OpenAI–Hugging Face breach—raises a fundamental question, say a pair of researchers at the University of Maryland’s Robert H. Smith School of Business: Can tech companies safely govern the powerful AI systems they build, or is stronger outside oversight now essential?

In its incident report, OpenAI confirmed that one of its experimental AI agents exploited a weakness in its testing environment while working on a routine benchmark task. The system wasn’t instructed to behave maliciously; instead, its persistence turned a small design flaw into a real escape. Earlier tests showed similar behavior, including agents that learned to bypass security checks by manipulating authentication tokens.

This pattern echoes findings from Dean’s Professor of Information Systems Siva Viswanathan at the Smith School, who studies how large technology platforms enforce rules. His research on mobile app privacy—published in Management Science—examined Google’s rollout of Android 6.0, which gave users more control over what data apps could collect. Developers were granted a flexible window to update their apps. Many used that flexibility to delay compliance for months, continuing to gather user data until Google imposed consequences such as lower search rankings and reduced visibility in its app store.

Viswanathan’s takeaway: when companies rely on voluntary compliance, self‑interested actors often exploit the slack. Real accountability requires pairing flexibility with firm, enforceable penalties.

That lesson now reverberates across the AI sector. As companies race to build increasingly capable systems, Viswanathan says oversight must treat these AI systems as strategic actors and must include strong safeguards that can pause or reverse a system before harm occurs.

He notes that a separate study from Anthropic underscores the stakes. In controlled tests, even an AI system designed to monitor another AI inherited the same flaws it was supposed to catch. In some cases, the “judge” model failed to flag clear sabotage because it agreed with the agent’s goals, allowing dangerous behavior to pass without human review.

Balaji Padmanabhan, Dean’s Professor of Decisions, Operations and Information Technologies and director of the Smith School’s Center for Artificial Intelligence in Business, extends Viswanathan’s governance argument into the realm of autonomous AI agents, warning that the same structural weaknesses now carry far higher stakes.

“The fact that this breach occurred organically without the AI agent being asked to be malicious is itself notable. Imagine what someone who actually intends to do harm can do. It’s also not terribly reassuring that the same firms we depend on for AI infrastructure, who are facing these issues, are the ones assuring enterprises that their systems with guardrails are perfectly safe,” says Padmanabhan. “We have to wake up to the fact that we’ve created capabilities that let software become as powerful as we want it to be—and then some. It’s time we seriously ask what’s needed to create an infrastructure to play defense well.”

Across the independent studies, the pattern is consistent, says Viswanathan: Voluntary compliance fails when the governed actor is more capable than the regulator. And AI systems cannot be governed by trust or good intentions alone. Oversight must be preventive, independent and capable of stopping harmful behavior before it spreads.

About the University of Maryland’s Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and flex MBA, executive MBA, online MBA, business master’s, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

Contact: Greg Muraski, gmuraski@umd.edu

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SOURCE University of Maryland’s Robert H. Smith School of Business

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