The global smoothie market was valued at $9.84 billion in 2020 and is expected to grow at a CAGR of 8% from 2020 to 2025. Nearly 60% of smoothie drinkers choose a smoothie based on health benefits, with fruit-based drinks holding the largest market share (76%) in 2019. Asia Pacific is the fastest-growing region for this industry, registering an impressive CAGR of 8.6%. In the U.S., more than 90 million people consume smoothies each year, with 67% being under 40 years old; retail sales generated $3.07 billion in revenue during 2019 alone.
The majority of consumers prefer plant-based options and are willing to pay extra for healthier choices – superfoods such as chia seeds and acai berries account for 40% of ingredients used in these beverages while dairy-based products are projected to grow 9%, organic 11%, functional 9.5%, and whey protein extract 264 million dollars by 2027 respectively.
Smoothie Industry Statistics Overview
Nearly 60% of smoothie drinkers choose a smoothie based on health benefits.
This statistic is a telling indication of the importance of health benefits when it comes to smoothie consumption. It shows that the majority of smoothie drinkers are conscious of the health benefits associated with their beverage of choice, and that they are likely to prioritize these benefits when selecting a smoothie. This is an important insight for anyone looking to understand the smoothie industry, as it suggests that health-focused marketing strategies may be particularly effective in this market.
Asia Pacific is the fastest-growing market for smoothies, registering a CAGR of 8.6% during the forecast period 2021-2026.
This statistic is a testament to the potential of the Asia Pacific market for smoothies, indicating that the region is ripe for investment and growth. With a CAGR of 8.6%, the Asia Pacific market is poised to become a major player in the smoothie industry, offering a wealth of opportunities for businesses looking to capitalize on the trend.
In the U.S., more than 90 million people consume smoothies each year.
This statistic is a testament to the immense popularity of smoothies in the U.S. It speaks to the sheer size of the smoothie industry and the potential for growth in the market. It also highlights the potential for businesses to capitalize on the demand for smoothies and tap into this lucrative market.
The majority of U.S. smoothie drinkers are under 40 years old (67%).
This statistic is a key indicator of the Smoothie Industry’s target demographic. It reveals that the majority of smoothie drinkers are under 40 years old, meaning that the industry should focus their marketing efforts on this age group in order to maximize their profits.
In 2019, smoothie and juice bars generated $3.07 billion in revenue in the U.S.
This statistic is a testament to the success of the smoothie and juice bar industry in the United States. It shows that the industry is thriving and that consumers are increasingly turning to these establishments for their health and wellness needs. This statistic is an important indicator of the industry’s growth and provides valuable insight into the current state of the smoothie and juice bar industry.
Smoothies account for 39% of the total sales of juice and smoothie bars.
This statistic is a testament to the immense popularity of smoothies in the juice and smoothie bar industry. It shows that smoothies are a major source of revenue for these businesses, and that they are a highly sought-after product. This statistic is an important indicator of the success of the smoothie industry and provides insight into the current trends in the industry.
The U.S. smoothie market is dominated by the top 10 smoothie chains, with a market share of 81%.
This statistic is a telling indication of the current state of the U.S. smoothie market, highlighting the fact that the top 10 smoothie chains have a firm grip on the industry. This means that the majority of the market is concentrated in the hands of a few major players, leaving little room for smaller businesses to compete. This is an important point to consider when discussing the Smoothie Industry Statistics in a blog post.
Nearly 70% of the smoothie consumers prefer plant-based smoothies.
This statistic is a powerful indicator of the current trend in the smoothie industry. It shows that the majority of smoothie consumers are opting for plant-based options, which is a clear sign that the industry is shifting towards more health-conscious and sustainable options. This statistic is an important piece of information for anyone looking to gain insight into the smoothie industry and its current state.
Organic smoothies are projected to grow at a CAGR of 11% from 2021-2026.
This statistic is a testament to the increasing popularity of organic smoothies, indicating that the smoothie industry is likely to experience significant growth in the coming years. It is an important piece of information for anyone interested in the smoothie industry, as it provides insight into the potential for success in the industry. Furthermore, it can be used to inform decisions about investments in the industry, as well as to plan for future growth.
Superfoods, such as chia seeds and acai berries, account for 40% of ingredients used in smoothies.
This statistic is a testament to the growing popularity of superfoods in the smoothie industry. It shows that more and more people are turning to these nutrient-packed ingredients to give their smoothies a health boost. This is a trend that is likely to continue, as more people become aware of the health benefits of these superfoods.
More than 33% of low-income U.S. households consume smoothies at least once a week.
This statistic is a telling indication of the impact the Smoothie Industry has had on low-income households. It shows that despite their financial constraints, these households are still able to enjoy the benefits of smoothies on a regular basis. This speaks to the affordability and accessibility of smoothies, making them a viable option for those on a budget.
Market research found that 78% of women are more likely to purchase smoothies than men.
This statistic is a powerful indicator of the potential success of the smoothie industry. It suggests that women are more likely to be the primary consumers of smoothies, and that the industry should focus on marketing and advertising to this demographic. Additionally, it could be used to inform decisions about product development, pricing, and distribution. Ultimately, this statistic provides valuable insight into the smoothie industry and its potential for growth.
70% of smoothie drinkers prefer blended smoothies over ready-to-drink bottled smoothies.
This statistic is a telling indication of the preferences of smoothie drinkers, and is thus an important piece of information for anyone looking to gain insight into the Smoothie Industry. It provides a valuable insight into the preferences of smoothie drinkers, and can be used to inform decisions about the production and marketing of smoothies.
The demand for functional smoothies is expected to grow at a CAGR of 9.5% from 2020 to 2027.
This statistic is a key indicator of the potential for growth in the smoothie industry. It suggests that the demand for functional smoothies is on the rise, and that the industry is likely to experience a steady increase in popularity over the next few years. This is an important piece of information for anyone interested in the smoothie industry, as it provides insight into the potential for success in the sector.
The retail sales of whey protein extract used in smoothies reached $264 million in 2017.
This statistic is a testament to the immense popularity of whey protein extract in smoothies, demonstrating that the smoothie industry is booming. It shows that the demand for smoothies is high, and that the industry is thriving. This statistic is a great indicator of the success of the smoothie industry and provides valuable insight into the industry’s growth.
Conclusion
The global smoothie market is growing rapidly, with the industry expected to reach a value of $14.7 billion by 2025 and grow at a CAGR of 8%. Fruit smoothies hold the largest share in terms of type, while Asia Pacific is the fastest-growing region for this market. In 2019, nearly 60% of consumers chose their smoothie based on health benefits and over 70% preferred blended options over ready-to-drink bottled ones.
The majority (67%) are under 40 years old and 78% are women. Superfoods such as chia seeds account for 40%, while dairy-based products have seen an increase in demand due to its high nutritional content. Whey protein extract has also become increasingly popular among those looking for functional ingredients in their drinks; retail sales reached $264 million in 2017 alone. With more people becoming conscious about what they consume, it’s no surprise that there will be continued growth within this sector going forward into 2021 and beyond.
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