Drink up: Rising health consciousness is supporting slow revenue growth amid soaring input costs
Rising health consciousness has supported revenue growth in the Juice and Smoothie Bars industry. Consumer awareness about the consequences of an unhealthy diet, including heart disease and obesity, has encouraged people to boost their fruit and vegetable intake. Juice and smoothie stores have profited from this trend by highlighting the health benefits of their products. Industry revenue has inched upwards at an annualised 0.4% over the past five years and is expected to total $480.0 million in 2022-23, when revenue is anticipated to creep up by a 0.5%.
The industry sells smoothies and freshly made juices, which are typically made using ingredients such as fruit, vegetables, milk and honey. The industry only includes establishments that primarily produce and sell juice and smoothies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Retail Zoo Pty Ltd
- Ayman Investments Pty Ltd
Methodology
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