Smoothies Market Destined to Reach US$ 21.1 Billion (CAGR of 4.7%) During 2023-2028 | IMARC Group

As per the latest report by IMARC Group, titled "Smoothies Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the global smoothies market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

How Big is the Global Smoothies Market:

The global smoothies market size reached US$ 15.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 21.1 Billion by 2028, exhibiting a growth rate (CAGR) of 4.7% during 2023-2028.

Market Overview:

Smoothies have emerged as a popular and refreshing beverage option, appreciated for their delicious taste, nutritional benefits, and versatility. A smoothie is a blended drink made from a combination of fruits, vegetables, yogurt, milk, ice, and various other ingredients. The ingredients are blended together to create a smooth and creamy texture, resulting in a wholesome and satisfying drink. Smoothies offer a convenient way to consume a variety of fruits and vegetables in a single serving, making them an ideal choice for health-conscious consumers seeking a nutritious and flavorful beverage. It is enjoyed as a quick breakfast option, a post-workout refresher, or a tasty on-the-go snack, smoothies and has gained widespread appeal among the masses.

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Global Smoothies Market Trends:

The global smoothies market is driven by the increasing focus on health and wellness among consumers. Coupled with the rise of vegan and plant-based diets has fueled the demand for dairy-free and plant-based smoothies. Moreover, the convenience and on-the-go nature of smoothies have contributed to their market growth. Busy lifestyles and the need for quick and nutritious meals have led consumers to opt for smoothies as a convenient snack or meal replacement.

Another prominent trend in the global smoothies market is the introduction of functional ingredients in smoothie formulations. From superfoods, such as chia seeds and spirulina to herbal extracts, including turmeric and ginger, smoothie manufacturers are incorporating a diverse range of functional ingredients to cater to specific health concerns and wellness trends.

By the IMARC Group, Some of the Top Key Players Operating in the Global Smoothies Industry are Given Below:

• 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 Café

Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/smoothies-market

Key Market Segmentation:

Breakup by Product:

• Dairy-Based
• Fruit-Based

Breakup by Consumption Pattern:

• Out of Home
• At Home

Breakup by Distribution Channel:

• Restaurants and Smoothie Bars
• Supermarkets and Hypermarkets
• Convenience Stores
• Others

Breakup by Packaging Material:

• Plastic
• Paper
• Glass
• Others

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current, and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.

This release was published on openPR.