Global Smoothies Market Size, Share, Growth Analysis, By Product(Fruit-based, Dairy-based and Others), By Distribution Channel(Restaurants, Smoothie Bars) - Industry Forecast 2024-2031

Global Smoothies Market size was valued at USD 7.30 billion in 2022 and is poised to grow from USD 7.98 billion in 2023 to USD 16.25 billion by 2031, growing at a CAGR of 9.3% during the forecast period (2024-2031).

The significant growth of this market is due to the fact that health drinks are becoming more and more popular in emerging countries like China and India. Furthermore, it is projected that the market would grow during the course of the forecast period as a result of growing customer demand for smoothies made with fruit and growing knowledge of the advantages of leading a healthier lifestyle. The COVID-19 pandemic has resulted in a small increase in the demand for consumer goods and beverages because to the growing demand for dairy-based products. During the COVID-19 pandemic, fruit- and protein-based beverages gained popularity as a response to consumer demand for healthy components. The main drivers of market growth include the growing popularity of dairy-based smoothies, which meet consumers' needs for essential proteins and vitamins. Furthermore, it's expected that developed countries' increasing demand for beverages with a high nutritional fiber content will encourage business growth. Future prospects for the business will arise from the growing demand for low-cost non-alcoholic beverages. However, using a cold storage system will lengthen the shelf life of smoothies and raise maintenance costs, which will impede market expansion. Moreover, companies in the organic beverage business are purchasing ingredients for low-fat smoothies in order to draw in a substantial consumer base. Therefore, it is expected that the market will show notable improvements during the evaluation time. Furthermore, it is projected that the significant growth of the food and beverage industry in developing countries like China, India, and others will present a multitude of prospects for market expansion during the forecast period.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Smoothies Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Smoothies Market Segmental Analysis

Global Smoothies Market is segmented based Product, Distribution Channel and region. Based on Product the market is segmented Fruit-based, Dairy-based and Others. Based on Distribution Channel the market is segmented into Restaurants, Smoothie Bars, Supermarkets & Convenience Stores. Based on region the global Smoothies Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Drivers of the Global Smoothies Market

Smoothies are seen to be a handy way to obtain important nutrients, as more individuals search for healthier meal options. Smoothies are a popular option for consumers who are busy because they are simple to prepare and can be drunk on the go.

Restraints in the Global Smoothies Market

Smoothies may not be as appealing to consumers who are budget conscious as other drinks and food options because of their relative cost.

Market Trends of the Global Smoothies Market

Smoothies produced with non-dairy milk, vegan protein sources, and plant-based components are becoming more and more popular as more people switch to plant-based and vegan diets.