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Smoothies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 146 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5769307

Quick Summary:

In the increasingly health-conscious atmosphere of the global market, the demand for nutritious, convenient, and on-the-go meal options such as smoothies is significantly growing. Smoothies, renowned for their rich nutrient content, offer an ideal blend of vitamins, fibers, proteins, and other essential elements using a mix of fruits, vegetables, and various add-ins. They are becoming a popular choice among consumers altering their diets to lessen the impact of chronic diseases and cater to healthier lifestyles.

Moreover, the emerging trend of green smoothies with leafy vegetables is boosting their visibility in the market. Alongside, the hectic schedules and long working hours of consumers are further advancing the demand for meal replacements, thereby fortifying the smoothie industry's growth. The market analysis encapsulating the smoothie industry's key drivers, recent trends, SWOT analysis, and detailed insights into product and distribution channel segmentation highlights the potentiality and scope of growth in this market segment. Whether you're an investor, entrepreneur, business strategist, or consultant, this report is a crucial resource for understanding the lucrative global smoothies market.

The global smoothies market size reached US$ 15.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 21.1 Billion by 2028, exhibiting a CAGR of 5.05% during 2022-2028.

A smoothie refers to a thick beverage which is prepared by blending an assortment of fruits, vegetables and other ingredients including milk, seeds, yogurt, ice-cubes, sweeteners, and nutritional and herbal supplements. It is high in nutrients such as vitamins and fibers and can be easily prepared and stored for immediate or later consumption. With the rising trend of green smoothies, various consumers are incorporating green leafy vegetables, such as kale, spinach, lettuce and collard greens, into their smoothies to improve digestion, boost the immune system and minimize unhealthy food cravings.

With the improving economic conditions, malnourishment and nutritional deficiencies which earlier affected a large segment of the population have now been replaced with chronic diseases such as arthritis, stroke, obesity, diabetes, epilepsy and heart attacks, particularly in developed countries. For instance, according to the Centers for Disease Control and Prevention (CDC), chronic diseases are one of the leading health problems in the US. However, owing to rising health consciousness in confluence with the adoption of healthier lifestyles, consumers are altering their everyday diet. They are shifting from carbohydrate-laden food products toward healthy protein-enriched snacks and meals. In addition to this, they are consuming more functional foods and beverages like smoothies to meet their daily nutritional requirements. Apart from this, owing to hectic lifestyles and long working hours, a rise in the demand for on-the-go-meal options has been observed which, in turn, is strengthening the industry growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global smoothies market report, along with forecasts at the global and regional level from 2023-2028 Our report has categorized the market based on product, distribution channel, packaging material and consumption pattern.

Breakup by Product:

  • Dairy-Based
  • Fruit-Based

Breakup by Distribution Channel:

  • Restaurants and Smoothie Bars
  • Supermarkets and Hypermarkets
  • Convenience Stores
  • Others

Breakup by Packaging Material:

  • Plastic
  • Paper
  • Glass
  • Others

Breakup by Consumption Pattern:

  • Out of Home
  • At Home

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being 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, etc.

The publisher’s latest report provides a deep insight into the global smoothies market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the global smoothies market in any manner

Key Questions Answered in This Report:

  • What was the size of the global smoothies market in 2022?
  • What is the expected growth rate of the global smoothies market during 2023-2028?
  • What are the key factors driving the global smoothies market?
  • What has been the impact of COVID-19 on the global smoothies market?
  • What is the breakup of the global smoothies market based on the product?
  • What is the breakup of the global smoothies market based on the distribution channel?
  • What is the breakup of the global smoothies market based on the packaging material?
  • What is the breakup of the global smoothies market based on the consumption pattern?
  • What are the key regions in the global smoothies market?
  • Who are the key players/companies in the global smoothies market?
Frequently Asked Questions about the Global Smoothies Market

What is the estimated value of the Global Smoothies Market?

The Global Smoothies Market was estimated to be valued at $15.7 Billion in 2022.

What is the growth rate of the Global Smoothies Market?

The growth rate of the Global Smoothies Market is 5.0%, with an estimated value of $21.1 Billion by 2028.

What is the forecasted size of the Global Smoothies Market?

The Global Smoothies Market is estimated to be worth $21.1 Billion by 2028.

Who are the key companies in the Global Smoothies Market?

Key companies in the Global Smoothies Market 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. and Tropical Smoothie Café.

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Smoothies Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Packaging Material
5.7 Market Breakup by Consumption Pattern
5.8 Market Breakup by Region
5.9 Market Forecast

6 Market Breakup by Product
6.1 Dairy-Based
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fruit-Based
6.2.1 Market Trends
6.2.2 Market Forecast

7 Market Breakup by Distribution Channel
7.1 Restaurants and Smoothie Bars
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Supermarkets and Hypermarkets
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Convenience Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast

8 Market Breakup by Packaging Material
8.1 Plastic
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Paper
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Glass
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast

9 Market Breakup by Consumption Pattern
9.1 Out of Home
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 At Home
9.2.1 Market Trends
9.2.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast

11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis
14.1 Price Indicators
14.2 Price Structure
14.3 Margin Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Smoothie King
15.3.2 Maui Wowi Hawaiian Coffees & Smoothies
15.3.3 Suja Juice
15.3.4 Innocent Drinks
15.3.5 Bolthouse Farms
15.3.6 Jamba Juice Company
15.3.7 Ella’s Kitchen Ltd
15.3.8 Barfresh Food Group, Inc
15.3.9 Tropical Smoothie Cafe

List of Figures
Figure 1: Global: Smoothies Market: Major Drivers and Challenges
Figure 2: Global: Smoothies Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Smoothies Market: Breakup by Product (in %), 2022
Figure 4: Global: Smoothies Market: Breakup by Distribution Channel (in %), 2022
Figure 5: Global: Smoothies Market: Breakup by Packaging Material (in %), 2022
Figure 6: Global: Smoothies Market: Breakup by Consumption Pattern (in %), 2022
Figure 7: Global: Smoothies Market: Breakup by Region (in %), 2022
Figure 8: Global: Smoothies Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Smoothies Industry: SWOT Analysis
Figure 10: Global: Smoothies Industry: Value Chain Analysis
Figure 11: Global: Smoothies Industry: Porter’s Five Forces Analysis
Figure 12: Global: Smoothies (Dairy-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Smoothies (Dairy-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Smoothies (Fruit-Based) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Smoothies (Fruit-Based) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Smoothies Market: Sales through Restaurants and Smoothie Bars (in Million US$), 2017 & 2022
Figure 17: Global: Smoothies Market Forecast: Sales through Restaurants and Smoothie Bars (in Million US$), 2023-2028
Figure 18: Global: Smoothies Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2017 & 2022
Figure 19: Global: Smoothies Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2023-2028
Figure 20: Global: Smoothies Market: Sales through Convenience Stores (in Million US$), 2017 & 2022
Figure 21: Global: Smoothies Market Forecast: Sales through Convenience Stores (in Million US$), 2023-2028
Figure 22: Global: Smoothies Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
Figure 23: Global: Smoothies Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
Figure 24: Global: Smoothies (Plastic) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Smoothies (Plastic) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Smoothies (Paper) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Smoothies (Paper) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Smoothies (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Smoothies (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Smoothies (Other Packaging Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Smoothies (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Smoothies (Out of Home) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Smoothies (Out of Home) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Smoothies (At Home) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Smoothies (At Home) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: North America: Smoothies Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: North America: Smoothies Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Europe: Smoothies Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Europe: Smoothies Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Asia Pacific: Smoothies Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Asia Pacific: Smoothies Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Middle East and Africa: Smoothies Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Middle East and Africa: Smoothies Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Latin America: Smoothies Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Latin America: Smoothies Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables
Table 1: Global: Smoothies Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Smoothies Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Smoothies Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 4: Global: Smoothies Market Forecast: Breakup by Packaging Material (in Million US$), 2023-2028
Table 5: Global: Smoothies Market Forecast: Breakup by Consumption Pattern (in Million US$), 2023-2028
Table 6: Global: Smoothies Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Smoothies Market Structure
Table 8: Global: Smoothies Market: Key Players

Companies Mentioned

  • 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

Methodology

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