Smoothies Market -Overview
The Smoothies market is set to gain an income base of USD 2.9 billion with a CAGR of 6.30 % by 2030. People are growing more concerned about their health; thus, they choose to consume smoothies in their overall diet, making them essential for health. Smoothies are offered in a very manageable manner, which raises the commercial value of the market offerings.
The size of the smoothies market is also mounting due to changes in people's eating habits, such as missing a one-time meal and substituting different snacks that may not be healthy. Smoothies are also increasingly being recommended by gym trainers to clients who want to reduce weight, fueling smoothies' market growth.
The Asia-Pacific smoothies market is experiencing rapid growth, driven by the increasing adoption of western dietary habits and the rising health consciousness among consumers. The market is characterized by the presence of a large number of local and international players offering a variety of flavors and blends to cater to diverse consumer preferences.
Competitive Analysis
The reliance on online commerce for sales is expected to increase significantly during the forecast period, prompting market stakeholders to invest more in its growth. It is projected that the emphasis on accumulating reserves of resources to deal with unexpected crises would impact future Smoothies market trends. Market developments and research are expected to generate attractive growth opportunities in the next few years. Government assistance is expected to support worldwide market development in the next few years. Due to the return of COVID cases in many locations, the market may exhibit constrained growth. The continuation of occasional lockdowns in numerous regions may cause market expansion to be hampered if resources such as labour and supply chains are severely impacted. The global Smoothies market is expected to diversify in operational techniques as innovative models for operation and delivery are implemented.
The smoothies key market players are Barfresh Food Group (US), Smoothie King (US), Suja Life, LLC (US), Jamba Juice Company (US), Bolthouse Farms, Inc. (US), Crussh (Australia), Innocent Drinks (UK), Tropical Smoothie Café (US), MTY Food Group Inc. (Canada), and Boost Juice (Australia).
Segmental Analysis
The segmental overview of the smoothies market has been conducted based on type, packaging, distribution channel, and region. The smoothies market has been divided, by type, into vegetable-based, fruit-based, and blends. The smoothies market overview has been classified as bottles and pouches
By packaging. Based on distribution channels, the smoothie market has been segregated into store-based and non-store-based. The region segment of the smoothie market consists of North America, Europe, Asia-Pacific, and other vital markets.
Industry Updates:
Dec 2021 SoBol Opens New Jersey's First Acai Bowl and Smoothie Café. SoBol, known for its fresh-made acai bowls and smoothie bars, is gaining a big following as a healthy food business across the country. The Moorestown SoBol's launch was much anticipated, with hundreds of people attending the grand opening, including free acai bowls and live music.
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