Smoothies Market - Growth, Trends, and Forecast (2019-2024)

The Smoothies Market is segmented on the basis of Product Type (Fruit-based, Dairy-based, and Other Product Types), Distribution Channel (Supermarkets/Hypermarkets, Restaurants, Smoothie Bars, Convenience Stores, and Other Distribution Channels), and Geography. Based on product type, the market is segmented into fruit-based, dairy-based, and other product types. Furthermore, the fruit-based smoothies segment accounts for the largest market share, and is expected to be the fastest growing segment in the market studied. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, restaurants, smoothie bars, convenience stores, and other distribution channels. Moreover, the study provides an analysis of the smoothies market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Market Snapshot

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Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR (2019-2024):

6.98%

Key Players:

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Market Overview

The smoothies market is projected to register a CAGR of 6.98% during the forecast period, 2019-2024.

  • Generally, smoothies are thickshake beverages that include ingredients, like yogurt, milk, almond milk, coconut milk, and sherbet. The smoothie market is flourishing in developed and emerging regions.
  • Smoothies consist of dietary fiber. Thus, they are healthier than fruit juices. The rising health consciousness among consumers and increasing demand for convenience and value are driving the demand for smoothies and smoothie bowls.

 

Scope of the Report

The smoothies market is segmented on the basis of product type, distribution channel, and geography. Based on product type, the market is segmented into fruit-based, dairy-based, and other product types. Furthermore, the fruit-based smoothies segment accounts for the largest market share, and is expected to be the fastest growing segment in the market studied. On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, restaurants, smoothie bars, convenience stores, and other distribution channels. Moreover, the study provides an analysis of the smoothies market in the emerging and established markets across the world, including North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

By Product Type
Fruit-based
Dairy-based
Other Product Types
By Distribution Channel
Supermarkets/Hypermarkets
Restaurants
Smoothie Bars
Convenience Stores
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
Germany
France
Russia
Italy
Spain
Rest of Europe
Asia-Pacific
India
China
Japan
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
Saudi Arabia
Rest of MEA

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Key Market Trends

Increasing Consumption of Healthy Beverages

Smoothies, which include large servings of fruits and vegetables, are recommended as a healthy diet. Moreover, rising health consciousness among consumers and changing lifestyle and food habits, along with health benefits, are driving the smoothies market’s growth. Currently, the consumption habits of majority of the population includes skipping meals and using other snack foods as substitutes. The intake of carbohydrate, primarily when smoothies are made without sugar, is low. Thus, most of the gym trainers recommend smoothies to people who are planning to lose weight. Therefore, smoothies emerged as perfect meal replacement products. Furthermore, they are healthier than other snack products, as well as offer good taste, convenience, and portability.

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The North American region accounts for the Majority Share in the Smoothies Market

The North American region accounts for the majority share in the market studied, followed by the Asia-Pacific region. In the North American region, the United States accounted for majority share, in terms of consumption of healthy ingredients, owing to busy lifestyle and deteriorating health conditions in the country. Moreover, rising health consciousness and busy lifestyle are driving the adoption of convenience food, primarily in countries, like India and China. Furthermore, the Asia-Pacific smoothies market is expected to register a healthy growth. Additionally, there is a significant increase in the demand for organic smoothies and high-fiber healthy smoothies, with added health benefits. This si expected to drive the market’s growth.

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Competitive Landscape

In the market studied, the most active companies include Bolthouse Farms, Jamba Juice Company, MTY Food Group, Smoothie King, Tropical Smoothie Café, Ella's Kitchen Ltd, Barfresh Food Group, and Maui Wowi Hawaiian Coffees & Smoothies, among others.

Major Players

  1. Bolthouse Farms
  2. Jamba Juice Company
  3. MTY Food Group
  4. Smoothie King
  5. Ella's Kitchen Ltd

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Fruit-based

      2. 5.1.2 Dairy-based

      3. 5.1.3 Other Product Types

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Restaurants

      3. 5.2.3 Smoothie Bars

      4. 5.2.4 Convenience Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 Germany

        3. 5.3.2.3 France

        4. 5.3.2.4 Russia

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 India

        2. 5.3.3.2 China

        3. 5.3.3.3 Japan

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of MEA

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Adopted Strategies

    2. 6.2 Market Share Analysis

    3. 6.3 Company Profiles

      1. 6.3.1 Bolthouse Farms

      2. 6.3.2 Jamba Juice Company

      3. 6.3.3 MTY Food Group

      4. 6.3.4 Smoothie King

      5. 6.3.5 Tropical Smoothie Cafe

      6. 6.3.6 Ella's Kitchen Ltd

      7. 6.3.7 Barfresh Food Group

      8. 6.3.8 Maui Wowi Hawaiian Coffees & Smoothies

    4. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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