Frequently Asked Questions
The global smoothies market was valued at USD 6.8 Billion in 2022.
The smoothies market is estimated to increase at a CAGR of 9.50% between 2023 and 2030, reaching USD 12.8 billion in 2030.
In 2022, restaurants had the biggest market share of 67%.
The smoothie bar category is the most popular distribution channel in the market.
Dairy-based Smoothies are expected to have the highest CAGR during the forecast period.
North America contributed the most to the worldwide smoothie market, accounting for more than 35% of the market in 2022.
The top players include Barfresh Food Group, Inc, Bolthouse Farms, Ella’s Kitchen Ltd and Jamba Juice Company. Other major players include Maui Wowi Smoothie King, Suja Juice, Innocent Drinks and Tropical Smoothie Café.
Increasing Fitness and Health Awareness, as well as an increase in the number of smoothie businesses and people’s changing lifestyles are the major market drivers.
Increased competition from other beverages, as well as fresh ingredients with a short shelf life is the major market restraints.
There is a growing interest in plant-based and vegan beverages, as well as functional beverages are the major opportunities in the smoothies industry.