Report Id: SNS/F&B/1512 | May 2022 | Region: Global | 120 Pages
Report Scope & Overview:
The Smoothies Market Size was valued at USD 12.5 billion in 2021 and is expected to reach USD 24.8 billion by 2028, and grow at a CAGR of 10.3% over the forecast period 2022-2028.
A smoothie alludes to a thick drink that is ready by mixing a variety of organic products, vegetables, and different fixings including milk, seeds, yogurt, ice shapes, sugars, and dietary and home-grown supplements. It is high in supplements like nutrients and strands and can be effortlessly ready and put away for prompt or later utilization. With the rising pattern of green smoothies, different shoppers are consolidating green verdant vegetables, for example, kale, spinach, lettuce, and collard greens, into their smoothies to further develop processing, support the invulnerable framework and limit unfortunate food desires.
With the working on monetary circumstances, malnourishment and healthful lack which prior impacted a huge section of the populace have now been supplanted with persistent sicknesses, for example, joint inflammation, stroke, weight, diabetes, epilepsy, and coronary episodes, especially in created nations. For example, as per the Centers for Disease Control and Prevention (CDC), persistent infections are one of the main medical conditions in the US. Be that as it may, attributable to rising wellbeing awareness in intersection with the reception of better ways of life, purchasers are changing their ordinary eating regimen. They are moving from carb-loaded food items toward solid protein-improved tidbits and dinners. Also, they are eating more practical food varieties and drinks like smoothies to meet their everyday nourishing prerequisites. Aside from this, attributable to rushed ways of life and long working hours, an ascent in the interest for in a hurry dinner choice has been seen which, thusly, is reinforcing the business development.
Developing worries about well-being and wellness among individuals across the globe is the key element driving market development.
Rising mindfulness about the advantages of smoothies in the weight loss interaction.
Absence of mindfulness about the accessibility of smoothies in the arising areas might upset the market development.
Besides, rising interest for prepared-to-eat food and drinks is likewise expected to add to the market development throughout the next few years.
High interest in sound beverages.
Impact of Covid-19:
Smoothies were essentially sold in physical stores before the pandemic, which had represented most of their deals. During the COVID-19 pandemic, retail organizations must be shut because of lockdown, and café and bistro proprietors to fight with the lower footfall in their outlets. A few organizations turned their plan of action and chose to create bundled cycles of their famous items, while establishments focused on feast conveyance accomplices and drive-through administrations. In addition, organizations that offered more nutritious item contributions flourished because of an expansion in mindfulness concerning the utilization of good food sources.
A smoothie is a thick beverage produced using joining an assortment of organic products, vegetables, and extra parts, for example, milk, seeds, yogurt, ice 3D squares, sugars, and wholesome and homegrown supplements. The smoothie market is sectioned based on item type, appropriation channel, and topography. Given item type, the market is portioned into organic product-based, dairy-based, and other item types. Based on the dissemination channel, the market is portioned into general stores/hypermarkets, smoothie bars, odds and ends shops, and other conveyance channels.
Key Market Segmentation:
By Distribution Channel:
Restaurants and Smoothie Bars
Supermarkets and Hypermarkets
By Packaging Material:
By Consumption Pattern:
Out of Home
Key Players of Smoothies Markets are NOKA Organics LLC, Evolution Fresh, SUJA LIFE, LLC, Naked Juice Company, Koia, Daily Harvest, Medlie, HAPPY PLANET FOODS, Innocent, and Smoothie King.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
The North American area represents the larger part share of the market examined, trailed by the Asia-Pacific district. In the North American locale, the United States represented a greater part share, regarding utilization of solid fixings, inferable from the bustling way of life and disintegrating medical issues in the country. Additionally, rising well-being awareness and occupied way of life are driving the reception of accommodation food, essentially in nations, similar to India and China. Moreover, the Asia-Pacific smoothies market is supposed to enlist sound development. Also, there is a huge expansion in the interest for natural smoothies and high-fiber solid smoothies, with added medical advantages. This is expected to drive the market's development.
|Market Size in 2021||US$ 12.5 Billion|
|Market Size by 2028||US$ 24.8 Billion|
|CAGR||CAGR 10.3% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Product (Fruit-based, Dairy-based, And Others)
• by Distribution Channel (Restaurants, Smoothie Bars, Supermarkets, And Convenience Stores)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, +D11UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||NOKA Organics LLC, Evolution Fresh, SUJA LIFE, LLC, Naked Juice Company, Koia, Daily Harvest, Medlie, HAPPY PLANET FOODS, Innocent, and Smoothie King.|
|Key Drivers||•Rising mindfulness about the advantages of smoothies in the weight loss interaction.|
|Market Challenges:||•High interest in sound beverages.|
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Covid 19 Impact Analysis
4.2 Impact of the Ukraine and Russia war
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. Global Smoothies Market segmentation, by Product
9. Global Smoothies Market segmentation, by Distribution Channel
9.1 Restaurants and Smoothie Bars
9.2 Supermarkets and Hypermarkets
9.3 Convenience Stores
10. Global Smoothies Market segmentation, by Packaging Material:
11. Global Smoothies Market segmentation, by Consumption Pattern:
11.1 Out of Home
11.2 At Home
12. Global Smoothies Market, by region/ country
12.2 North America
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Company profiles
13.1 NOKA Organics LLC
13.1.2 Products/ Services Offered
13.1.3 Swot Analysis
13.1.4 The SNS View
13.2 Evolution Fresh
13.3 SUJA LIFE, LLC
13.4 Naked Juice Company
13.6 Daily Harvest
13.8 HAPPY PLANET FOODS
13.10 Smoothie King.
14. Competitive Landscape
14.1 Competitive Bench Marking
14.2 Market Share Analysis
14.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.