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Smoothies: Global Strategic Business Report

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    Report

  • 229 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 1227808

Global Smoothies Market to Reach $35 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Smoothies estimated at US$22.3 Billion in the year 2020, is projected to reach a revised size of US$35 Billion by 2027, growing at a CAGR of 6.7% over the analysis period 2020-2027. Fruit-Based, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$16.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Dairy-Based segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 11% CAGR

The Smoothies market in the U.S. is estimated at US$6.1 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$7.8 Billion by the year 2027 trailing a CAGR of 11% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 5.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Other Product Types Segment to Record 5.1% CAGR

In the global Other Product Types segment, USA, Canada, Japan, China and Europe will drive the 4.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.4 Billion in the year 2020 will reach a projected size of US$4.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$4.8 Billion by the year 2027, while Latin America will expand at a 5.5% CAGR through the analysis period.

Select Competitors (Total 113 Featured) -

  • Barfresh Food Group Inc.
  • Bolthouse Farms Inc.
  • Boost Juice
  • Crussh Fit Food & Juice Bar
  • Ella's Kitchen (Brands) Ltd
  • Innocent Ltd.
  • Jamba Juice Company
  • Maui Wowi Hawaiian Coffees & Smoothies
  • Naked Juice Company
  • Orange Julius of America
  • Planet Smoothie®
  • Red Mango Inc.
  • Smoothie King Franchises Inc.
  • Stonyfield Farm Inc.
  • Suja Life LLC
  • Surf City Squeeze®
  • Tropical Smoothie Café

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year
Frequently Asked Questions about the Global Market for Smoothies

What is the estimated value of the Global Market for Smoothies?

The Global Market for Smoothies was estimated to be valued at $22.3 Billion in 2020.

What is the growth rate of the Global Market for Smoothies?

The growth rate of the Global Market for Smoothies is 6.7%, with an estimated value of $35 Billion by 2027.

What is the forecasted size of the Global Market for Smoothies?

The Global Market for Smoothies is estimated to be worth $35 Billion by 2027.

Who are the key companies in the Global Market for Smoothies?

Key companies in the Global Market for Smoothies include Barfresh Food Group Inc., Bolthouse Farms Inc., Boost Juice, Crussh Fit Food & Juice Bar, Ella's Kitchen (Brands) Ltd, Innocent Ltd., Jamba Juice Company, Maui Wowi Hawaiian Coffees & Smoothies and Orange Julius of America.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Smoothies - Promising Health Benefits to Drive Market Growth
  • Smoothie Market - Key Trends & Drivers in a Nutshell
  • Recent Market Activity
  • Developed Regions Dominate, Developing Economies to Lead Future Growth
  • Functional Smoothies Market - Positioned for Growth
  • Fruit-Based Smoothies Dominate the Market
  • Innovative, Healthy, and Fortified Smoothies Flood the Market
  • Organic and Non-GMO Smoothies to Witness Significant Growth
  • High-Sugar Content, High Prices & Changing Consumer Tastes - Challenges Confronting Smoothies Market
  • Competitive Scenario
  • Product Differentiation - Critical Strategy for Success
  • Smoothies - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Smoothie Market Turns Attention to Address the Unique Needs of Millennials
  • Customization Tops the List
  • Healthy Smoothies Market - Additional Health Benefits Drive Demand
  • Inherent Health Benefits of Smoothies to Drive Market Growth
  • Smoothie Blends with Premium Ingredients - How Healthy Are They?
  • Higher Fiber Content in Smoothies Makes the Category More Promising than Juices
  • Juices Vs Smoothies - An Unending Debate
  • Hectic Lifestyles Trigger On-the-Go Smoothie Consumption
  • Smoothies Emerge as Ideal Meal Replacements
  • Smoothie Bowls - The Next Big Trend in Healthy Foods Space
  • Consumers Show Inclination for Superfood Smoothies
  • Supercharged Green Juice & Smoothie Diet - The Latest Fad
  • Frozen Smoothies Market: Enhancing Shelf Life of Smoothies
  • Yogurt Smoothie Market - A Promising Market
  • Green Smoothies - Are Health Benefits Just Hype?
  • How Real is the Health Risk Associated with Smoothies?
  • Rapid Growth of Juice & Smoothie Bar Franchises
  • Smoothies Increasingly Making their Way into Restaurant Menus
  • Traditional Foodservice Operators & Juice Bars Looking to Transform into Smoothie Outlets
  • Smoothie Blending - An Attractive Proposition for C-Stores
  • Megatrends with Significant Implications for Smoothies Market
  • Expanding Middle Class Population and Rising Disposable Incomes Offer Increased Growth Prospects
  • Expanding Urban Population Spurs Growth
  • Packaging Innovations Facilitate Vendors to Expand Customer Base
  • New, Innovative Sans Bottle for Preserving Juices and Smoothies
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Smoothies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Smoothies by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Smoothies by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Fruit-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Fruit-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Fruit-based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Dairy-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Dairy-based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Dairy-based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Convenience Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Convenience Stores by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Convenience Stores by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Super Markets or Hyper Markets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Super Markets or Hyper Markets by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Super Markets or Hyper Markets by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Restaurants & Smoothie bars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Restaurants & Smoothie bars by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Restaurants & Smoothie bars by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Other Distribution Channels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Other Distribution Channels by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Other Distribution Channels by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World Smoothies Market Analysis of Annual Sales in US$ Million for Years 2012 through 2027
III. MARKET ANALYSIS
UNITED STATES
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
AUSTRALIA
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Smoothies Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Barfresh Food Group Inc.
  • Bolthouse Farms Inc.
  • Boost Juice
  • Crussh Fit Food & Juice Bar
  • Ella's Kitchen (Brands) Ltd
  • Innocent Ltd.
  • Jamba Juice Company
  • Maui Wowi Hawaiian Coffees & Smoothies
  • Naked Juice Company
  • Orange Julius of America
  • Planet Smoothie®
  • Red Mango Inc.
  • Smoothie King Franchises Inc.
  • Stonyfield Farm Inc.
  • Suja Life LLC
  • Surf City Squeeze®
  • Tropical Smoothie Café