Summary

The global smoothies market size reached US$ 16.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 24.6 Billion by 2032, exhibiting a growth rate (CAGR) of 4.4% during 2024-2032. The growing demand for on-the-go-meal options, wide availability in various flavors, and rising demand for organic and culinary herbal beverages represent some of the key factors driving the market.

Increasing Health Consciousness Among Consumers Augmenting Market Growth

Consumers are actively interested in consuming healthier foods and beverages to prevent digestive health disorders. They are also increasing their intake of vitamins, proteins, and active digestive health ingredients, such as prebiotics and probiotics, and are consuming more functional foods and drinks. In addition, the growing awareness about preventive health among the masses is catalyzing the demand for smoothies. Apart from this, the increasing consumption of smoothies, as it aids in enhancing skin health, boosting immunity, and improving energy levels, is propelling the growth of the market.

Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with a large number of players operating in the industry. The volume of new entrants is high in the smoothies industry due to the moderate market growth, low product differentiation and switching costs, and easy access to various distribution channels.

What are Smoothies?

Smoothie is a thick beverage manufactured from pulped raw fruit or vegetables, typically using a blender. It is also produced using crushed ice, honey, sugar, stevia, syrup, whey powder, nuts, nut butter, seeds, tea, chocolate, herbal supplements, or nutritional supplements. It can be prepared by integrating green leafy vegetables, such as lettuce, kale, collard greens, and spinach, to improve the immune system, lessen undesirable cravings, and enhance digestion. It has a liquid base, such as water, fruit juice, plant milk, milk, yogurt, ice cream, or cottage cheese. It includes large or multiple servings of fruits and vegetables, which are recommended in a healthy diet and intended to be a meal replacement. It assists in losing weight by dissolving body fat and clearing up the circulatory system. It also aids in increasing fiber intake and preventing the risk of type II diabetes and heart disease.

Smoothies Market Trends:

At present, the rising awareness among the masses about the benefits of consuming healthy food products represents one of the key factors supporting the growth of the market. Besides this, there is an increase in the demand for on-the-go-meal options due to hectic lifestyles and the long working hours of individuals across the globe. This, along with the thriving food and beverage (F&B) industry, is propelling the growth of the market. Moreover, key manufacturers are introducing gluten-free smoothies to manage signs and symptoms of celiac disease and other medical conditions associated with gluten. These manufacturers are also focusing on more innovative products to enhance their sales, which is contributing to the growth of the market. In addition, the growing preference for healthy and protein-enriched snacks and meals over carbohydrate-laden food products is positively influencing the market. Apart from this, the increasing demand for smoothies, as they are rich in fiber and nutrients, is offering lucrative growth opportunities to industry investors. In line with this, the wide availability of smoothies in various flavors, such as apple, strawberry, strawberry banana, beetroot and berries, blueberry banana, and mango tropics, is strengthening the growth of the market. Additionally, the growing demand for organic and culinary herbal smoothies, such as cayenne, rosemary, basil, turmeric, fennel, and cilantro, is offering a favorable market outlook.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global smoothies market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product, distribution channel, packaging material and consumption pattern.

Product Insights:

Dairy-Based
Fruit-Based

The report has provided a detailed breakup and analysis of the smoothies market based on the product. This includes dairy-based and fruit-based. According to the report, fruit-based represented the largest segment as fruit-based smoothies are popular among health-conscious consumers across the world. They are fibrous, rich in vitamins and nutrients, and are considered an excellent source of antioxidants. Moreover, the enzymes present in several fruits help dissolve body fat and clear up the circulatory system.

Distribution Channel Insights:

Restaurants and Smoothie Bars
Supermarkets and Hypermarkets
Convenience Stores
Others

A detailed breakup and analysis of the smoothies market based on the distribution channel has also been provided in the report. This includes restaurants and smoothie bars, supermarkets and hypermarkets, convenience stores, and others. According to the report, restaurants and smoothie bars accounted for the largest market share as they offer a combination of health food bowls, juices, and blended fruit drinks. In addition, the growing cafe, restaurant, and bar culture among the millennials is positively influencing the market.

Packaging Material Insights:

Plastic
Paper
Glass
Others

A detailed breakup and analysis of the smoothies market based on the packaging material has also been provided in the report. This includes plastic, paper, glass, and others. According to the report, plastic accounted for the largest market share as smoothies are packaged in plastic bottles or pouches to allow the customers to take smoothies on-the-go or pack them in lunches with ease. Moreover, plastic bottles help showcase brightly colored fruit beverages and provide safe and effective packaging.

Consumption Pattern Insights:

Out of Home
At Home

A detailed breakup and analysis of the smoothies market based on the consumption pattern has also been provided in the report. This includes out of home and at home. According to the report, at home accounted for the largest market share as people prefer adding smoothies to their breakfast meal due to their high nutrition and fiber. Apart from this, the growing adoption of a healthy lifestyle among the masses on account of the surging prevalence of chronic and lifestyle diseases is increasing the consumption of smoothies at home. Some of the other growth-inducing factors are the introduction of functional ingredients, rising disposable income, and rapid urbanization.

Regional Insights:

North America
Europe
Asia Pacific
Middle East and Africa
Latin America

The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. According to the report, North America was the largest market for smoothies. Other factors driving the North America smoothies market included the hectic lifestyle and changing food habits of individuals, rising consumption on account of easy availability. Moreover, key players are adding natural ingredients, such as plant sterols, probiotics, and fibers in smoothies to increase nutritional content and their overall sales.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global smoothies market. Some of the companies covered in the report include:

Smoothie King
Maui Wowi Hawaiian Coffees & Smoothies
Suja Juice
Innocent Drinks
Bolthouse Farms
Jamba Juice Company
Ella’s Kitchen Ltd
Barfresh Food Group, Inc
Tropical Smoothie Cafe

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Questions Answered in This Report

1. What was the size of the global smoothies market in 2023?
2. What is the expected growth rate of the global smoothies market during 2024-2032?
3. What are the key factors driving the global smoothies market?
4. What has been the impact of COVID-19 on the global smoothies market?
5. What is the breakup of the global smoothies market based on the product?
6. What is the breakup of the global smoothies market based on the distribution channel?
7. What is the breakup of the global smoothies market based on the packaging material?
8. What is the breakup of the global smoothies market based on the consumption pattern?
9. What are the key regions in the global smoothies market?
10. Who are the key players/companies in the global smoothies market?

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Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smoothies Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product
5.5 Market Breakup by Distribution Channel
5.6 Market Breakup by Packaging Material
5.7 Market Breakup by Consumption Pattern
5.8 Market Breakup by Region
5.9 Market Forecast
6 Market Breakup by Product
6.1 Dairy-Based
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Fruit-Based
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Distribution Channel
7.1 Restaurants and Smoothie Bars
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Supermarkets and Hypermarkets
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Convenience Stores
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Others
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Packaging Material
8.1 Plastic
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Paper
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Glass
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Consumption Pattern
9.1 Out of Home
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 At Home
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Europe
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Asia Pacific
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
14.1 Price Indicators
14.2 Price Structure
14.3 Margin Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Smoothie King
15.3.2 Maui Wowi Hawaiian Coffees & Smoothies
15.3.3 Suja Juice
15.3.4 Innocent Drinks
15.3.5 Bolthouse Farms
15.3.6 Jamba Juice Company
15.3.7 Ella’s Kitchen Ltd
15.3.8 Barfresh Food Group, Inc
15.3.9 Tropical Smoothie Cafe
List of Figures
Figure 1: Global: Smoothies Market: Major Drivers and Challenges
Figure 2: Global: Smoothies Market: Sales Value (in Billion US$), 2018-2023
Figure 3: Global: Smoothies Market: Breakup by Product (in %), 2023
Figure 4: Global: Smoothies Market: Breakup by Distribution Channel (in %), 2023
Figure 5: Global: Smoothies Market: Breakup by Packaging Material (in %), 2023
Figure 6: Global: Smoothies Market: Breakup by Consumption Pattern (in %), 2023
Figure 7: Global: Smoothies Market: Breakup by Region (in %), 2023
Figure 8: Global: Smoothies Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Smoothies Industry: SWOT Analysis
Figure 10: Global: Smoothies Industry: Value Chain Analysis
Figure 11: Global: Smoothies Industry: Porter’s Five Forces Analysis
Figure 12: Global: Smoothies (Dairy-Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Smoothies (Dairy-Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Smoothies (Fruit-Based) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Smoothies (Fruit-Based) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Smoothies Market: Sales through Restaurants and Smoothie Bars (in Million US$), 2018 & 2023
Figure 17: Global: Smoothies Market Forecast: Sales through Restaurants and Smoothie Bars (in Million US$), 2024-2032
Figure 18: Global: Smoothies Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2018 & 2023
Figure 19: Global: Smoothies Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2024-2032
Figure 20: Global: Smoothies Market: Sales through Convenience Stores (in Million US$), 2018 & 2023
Figure 21: Global: Smoothies Market Forecast: Sales through Convenience Stores (in Million US$), 2024-2032
Figure 22: Global: Smoothies Market: Sales through Other Distribution Channels (in Million US$), 2018 & 2023
Figure 23: Global: Smoothies Market Forecast: Sales through Other Distribution Channels (in Million US$), 2024-2032
Figure 24: Global: Smoothies (Plastic) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Smoothies (Plastic) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Smoothies (Paper) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Smoothies (Paper) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Smoothies (Glass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Smoothies (Glass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Smoothies (Other Packaging Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Smoothies (Other Packaging Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Smoothies (Out of Home) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Smoothies (Out of Home) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Smoothies (At Home) Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: Global: Smoothies (At Home) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: North America: Smoothies Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: North America: Smoothies Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: Europe: Smoothies Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: Europe: Smoothies Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: Asia Pacific: Smoothies Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: Asia Pacific: Smoothies Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Middle East and Africa: Smoothies Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Middle East and Africa: Smoothies Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Latin America: Smoothies Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Latin America: Smoothies Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
Table 1: Global: Smoothies Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Smoothies Market Forecast: Breakup by Product (in Million US$), 2024-2032
Table 3: Global: Smoothies Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 4: Global: Smoothies Market Forecast: Breakup by Packaging Material (in Million US$), 2024-2032
Table 5: Global: Smoothies Market Forecast: Breakup by Consumption Pattern (in Million US$), 2024-2032
Table 6: Global: Smoothies Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Smoothies Market Structure
Table 8: Global: Smoothies Market: Key Players