Global Smoothie Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global Smoothie Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2029” is an upcoming report in process of study and analysis at MarketResearch.biz. The report has been segmented on the basis of product type, packaging, distribution channel, consumption pattern, and regions and countries.
Global Smoothie Market: Overview
A smoothie is thick creamy drink prepared by blending raw fruits or vegetables, and these drinks are recommended in a healthy diet. Smoothies are rich in high dietary fiber, vitamins, and other vital nutrients, and these care healthier than juices prepared using artificial ingredients. Extensive use of many protein powders, sweeteners, and ice creams is not healthy for consumers. Smoothies with augmented carbohydrate content can substitute for a small meal. Green smoothies made using healthy vegetables are gaining popularity, especially among health-conscious consumers. Healthy smoothies are a rich source of antioxidants, and rising awareness regarding the health benefits of these drinks is driving market growth.
Global Smoothie Market: Dynamics
Health-conscious consumer preference is toward drinks with nutritional benefits. In addition, changing lifestyle of individuals and consumers, coupled with changing food habit of consumers are among some of the other major factors expected to boost growth of the global smoothie market.
However, higher cost of smoothies than other fruit juices and beverages is expected to restrain demand, especially in some developing and emerging economies. In addition, some outlets and juice bars offering smoothies use excessive sugar to enhance taste, and this is among some other factors expected to hamper growth to a certain extent.
Moreover, increasing research and development with hybrid fruits and fruits and innovative packaging materials and packaging containers is expected to open up revenue opportunities for players in the target market over the forecast period.
Global Smoothie Market: Segment Analysis
By Product Type: Among the product type segments, the fruit-based smoothies segment is expected to account for largest revenue share and continue to maintain its dominance over the forecast period. This can be attributed to availability of many varieties of fruits-based smoothies in the target market. In addition, lactose-intolerant and health-conscious consumers prefer fruit-based smoothies as they are rich in vitamins and fiber and natural.
By Packaging: Among the packaging segments, the bottle segment is projected to dominate the global market owing to increasing innovative designs by market players which are easy to carry.
By Distribution Channel: Among the distribution channel segments, the store-based segment is projected to account for highest revenue share owing to increasing numbers of supermarkets/hypermarkets globally.
Global Smoothie Market: Region Analysis
North America market is projected to account for highest revenue share and continue to dominate other regions in the global smoothie market over the forecast period. The US and Canada currently account for majority revenue share in the North America. Increasing prevalence of obesity and consumers in these countries adopting healthy diets is a major factor expected to drive growth of the smoothie market in this region.
Revenue from the smoothie Europe is projected to increase at a significant rate. Demand for grab-and-go beverages by working individuals and consumers in countries in Europe, especially countries such as France, Germany, and the UK, is boosting growth of the smoothie market in the region.
Asia Pacific market is projected to account for a faster Compounded Annual Growth Rate (CAGR), owing to significant revenue contributed from countries such as India, Japan, and China. Rising investments in product launches by major players is another major factor supporting growth of the market in this region.
Global Smoothie Market: Segmentation
Segmentation by Product Type:
- Fruit-based Smoothies
- Dairy-based Smoothies
Segmentation by Distribution Channel:
- Restaurants and Smoothie Bars
- Supermarkets and Hypermarkets
- Convenience Stores
Segmentation by Packaging Material:
Segmentation by Consumption Pattern:
- Out of Home
- At Home
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Boca Systems, Inc.
- Bolthouse Farms, Inc.
- Barfresh Food Group
- Innocent Drinks
- Smoothie King
- Suja Life, LLC
- Jamba Juice Company
- MTY Food Group Inc.
- Tropical Smoothie Café
- Boost Juice
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