Global Smoothies Market Size, Share, Trends, Growth 2032
Global Smoothies Market By Distribution Channel (Restaurants, Smoothie Bars, Hypermarkets/Supermarkets, Convenience Stores, and Others), By Product (Fruit-based and Dairy-based), and By Region - Industry Perspective, Comprehensive Analysis, and Forecast, 2024 – 2032-
| Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
|---|---|---|---|
| USD 21.39 Billion | USD 32.07 Billion | 4.6% | 2023 |
Smoothies Market Insights
Zion Market Research has published a report on the global Smoothies Market, estimating its value at USD 21.39 Billion in 2023, with projections indicating that it will reach USD 32.07 Billion by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 4.6% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Smoothies industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
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Smoothies Market: Overview
Smoothie is a thick drink manufactured from a mixture of fruits & vegetables and water, ice cubes, yogurt, and milk. Apart from this, even sweeteners like syrup, honey, and sugar are added to the product to improve the taste. Furthermore, smoothies comprise dietary fibers and they are more nutritious & healthy as compared to fruit juices.
Smoothies Market: Growth Drivers
Escalating demand for local flavors in soft drinks including tropical flavors along with the application of new ingredients like erythritol in soft drinks is likely to boost the intake of soft drinks. This, in turn, will prompt the market expansion over the forecast timeline. Apart from this, the launching of semi-skimmed soft drinks and massive use of new kinds of packaging will enhance product sales over the forecasting years.
In addition to this, an increase in health awareness among the end-users along with altering lifestyles as well as food habits will prop up the expansion of the smoothies industry over the forecast period. Smoothies have evolved as a perfect meal substituting items.
Smoothies Market: Report Scope
| Report Attributes | Report Details |
|---|---|
| Report Name | Smoothies Market |
| Market Size in 2023 | USD 21.39 Billion |
| Market Forecast in 2032 | USD 32.07 Billion |
| Growth Rate | CAGR of 4.6% |
| Number of Pages | 110 |
| Key Companies Covered | Bolthouse Farms, Ella's Kitchen Ltd., Maui Wowi Hawaiian Coffees & Smoothies, Tropical Smoothie Café, Barfresh Food Group, Jamba Juice Company, Smoothie King, and MTY Food Group |
| Segments Covered | By Type, By End-User And By Region |
| Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
| Base Year | 2023 |
| Historical Year | 2018 to 2022 |
| Forecast Year | 2024 - 2032 |
| Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America To Account For Major Market Share Over 2024-2032
The growth of the regional market over the forecast timeline is owing to large-scale intake of healthy constituents in the countries like the U.S. Apart from this, hectic lifestyle and declining health in the country is anticipated to contribute notably towards the expansion of smoothies industry over the forecast timeline.
Smoothies Market: Competitive Analysis
The global smoothies market is led by players like:
- Bolthouse Farms
- Ella's Kitchen Ltd
- Maui Wowi Hawaiian Coffees & Smoothies
- Tropical Smoothie Café
- Barfresh Food Group
- Jamba Juice Company
- Smoothie King
- MTY Food Group
The report segments the global smoothies market as follows:
By Product
- Fruit-Based
- Dairy-Based
By Distribution Channel
- Smoothie Bars
- Supermarkets/ Hypermarkets
- Restaurants
- Convenience Stores
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
Methodology
FrequentlyAsked Questions
Smoothies are dense, blended beverages that are primarily composed of fresh fruits, vegetables, and in some cases, yogurt, milk, ice, or juice. Popular due to their nutrient-dense composition, they are frequently ingested as a snack, meal replacement, or refreshing beverage. In order to achieve the desired flavor and nutritional benefits, smoothies can be tailored to incorporate a diverse array of ingredients, including proteins, grains, seeds, and superfoods.
The increasing recognition of the significance of a well-balanced diet and nutrition is fueling the demand for smoothies, which are frequently perceived as a convenient and nutritious method of consuming fruits, vegetables, and other nutrients.
Zion Market Research has published a report on the global Smoothies Market, estimating its value at USD 21.39 Billion in 2023, with projections indicating that it will reach USD 32.07 Billion by 2032.
The market is expected to expand at a compound annual growth rate (CAGR) of 4.6% over the forecast period 2024-2032.
The growth of the regional market over the forecast timeline is owing to large-scale intake of healthy constituents in the countries like the U.S. Apart from this, hectic lifestyle and declining health in the country is anticipated to contribute notably towards the expansion of smoothies industry over the forecast timeline.
Key players included in the Smoothies industry report are Bolthouse Farms, Ella's Kitchen Ltd., Maui Wowi Hawaiian Coffees & Smoothies, Tropical Smoothie Café, Barfresh Food Group, Jamba Juice Company, Smoothie King, and MTY Food Group.
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