The latest market report published by Credence Research, Inc. “Global Smoothies Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global smoothies market has grown steadily in recent years and is predicted to expand at a CAGR of 9.50% between 2023 and 2030. In 2022, the market was valued at USD 6.8 billion, and it is predicted to grow to USD 12.8 billion by 2030.
The global smoothies market is segmented based on product, distribution channel, and region. Fruit-based smoothies are the most popular, while restaurants and smoothie bars serve as key distribution channels. North America leads the market growth, followed by Europe and Asia Pacific.
The market growth of smoothies is driven by various factors, including increased fitness and health awareness, a rise in the number of smoothie businesses, and changing lifestyles. However, the market also faces challenges such as limited shelf life for fresh ingredients and competition from other healthy beverage options. Nonetheless, there are significant growth prospects in the market, including the rising interest in plant-based and vegan beverages, as well as functional beverages.
The global smoothies market has witnessed steady growth, reaching a value of USD 6.8 billion in 2022. Key players in the market include Barfresh Food Group, Inc., Bolthouse Farms, Jamba Juice Company, PepsiCo, Inc., and The Coca-Cola Company. These players focus on product innovation, expanding their distribution channels, and strategic partnerships to maintain a competitive edge.
As consumer demand for nutritious and convenient beverages continues to rise, the global smoothies market presents significant growth opportunities for industry players and stakeholders.
Smoothies Market Drivers are the key influencers that propel this dynamic industry forward, shaping its growth and paving the way for innovation. One significant driver is the increasing focus on health and wellness among consumers. As people become more conscious about their dietary choices, smoothies offer a convenient and delicious option to incorporate essential nutrients into their daily routine. Moreover, changing lifestyles with busy schedules have also contributed to the popularity of smoothies as an on-the-go meal replacement or snack choice. Furthermore, advancements in technology have played a vital role in driving market growth by revolutionizing production processes and enhancing distribution channels.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global Smoothies Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
- The report includes information on the competitive landscape, such as how the market’s top competitors operate at the global, regional, and country levels.
- Major nations in each region with their import/export statistics
- The global Smoothies Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
Browse Full Report: https://www.credenceresearch.com/report/smoothies-market
Visit: https://www.credenceresearch.com/
Related Report: https://www.credenceresearch.com/report/coffee-beans-market
Related Report: https://www.credenceresearch.com/report/corn-ingredients-market
Browse Our Blog: https://www.linkedin.com/pulse/germany-smoothies-market-future-growth-prospects-global-singh
