The latest report by IMARC Group, titled “Smoothies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global smoothies market reached a value of US$ 14.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 20.3 Billion by 2027, exhibiting at a CAGR of 5.0% during 2022-2027.
Smoothies Market Overview:
A smoothie represents a thick beverage prepared by blending vegetables, fruits, and other ingredients, including milk, seeds, yogurt, ice cubes, sweeteners, supplements, etc. It is a rich source of vitamins and fibers and can be easily stored for immediate or later consumption. As a result, smoothies are widely consumed as a convenient meal replacement or side beverage along with the main course across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Smoothies Market Trends:
The inflating demand for on-the-go-meal options among working individuals with hectic lifestyles is primarily driving the smoothies market. Moreover, the shifting consumer preferences from carbohydrate-laden food items towards healthy protein-enriched snacks and meals are augmenting the utilization of functional foods and beverages, such as smoothies, to meet the daily nutritional requirements, which is further catalyzing the market growth.
In addition to this, the escalating popularity of green smoothies, including kale, lettuce, spinach, etc., that aid in boosting the immune system, improving digestion, reducing unhealthy food cravings, etc., on account of the rising prevalence of numerous chronic ailments, such as obesity, arthritis, diabetes, epilepsy, etc., is also propelling the global market. Apart from this, the emerging cafe culture is acting as another significant growth-inducing factor. Furthermore, the leading manufacturers are launching gluten-free variants in attractive packaging to widen their customer base. This, in turn, is anticipated to fuel the smoothies market over the forecasted period.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Smoothie King
- Maui Wowi Hawaiian Coffees & Smoothies
- Suja Juice
- Innocent Drinks
- Bolthouse Farms
- Jamba Juice Company
- Ella’s Kitchen Ltd.
- Barfresh Food Group, Inc
- Tropical Smoothie Café
Key Market Segmentation Breakup by:
- Out of Home
- At Home
- Restaurants and Smoothie Bars
- Supermarkets and Hypermarkets
- Convenience Stores
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
TOC for the Report:
- Scope and Methodology
- Executive Summary
- Global Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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