Ronaldo, 33, finished second to his former Real Madrid teammate Luka Modric for the 2018 edition, which saw him equal a record previously held by Lionel Messi, for the most podium finishes.
After the FC Barcelona captain's surprising fifth-place ranking, both football icons have now finished in the top three a record 11 times.
However, Juve head coach Massimiliano Allegri feels the five-time winner of the award was hard done by and fully expects the disappointment to fuel him further this season after a record-breaking start in Serie A.
The last player to achieve the feat for the Bianconeri was Czech Republic legend Neved 15 years ago.
"I think he deserved to win the Ballon d'Or for what he did with Real Madrid, winning the Champions League," he told reporters, as quoted by FourFourTwo.
"At the World Cup with Portugal honestly he couldn't go any further [than the round of 16]. Therefore, I mean, he deserved it.
"But I think that this can be a motivation to do even better this season and win the next Ballon d'Or with Juventus."