Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Smoothies Market size is expected to reach $10.9 billion by 2028, rising at a market growth of 8.4% CAGR during the forecast period.
The Dairy-based market is anticipated to witness high CAGR of 8.6% during (2022 - 2028). Increasing demand for dairy-based products such as macchiato, caramel, and the gladiator flavor of coffee to meet the requirement for proteins is linked with the segment's growth. The fat-free dairy-based smoothies are used to detoxify the body. Furthermore, dairy-based smoothies are also becoming increasingly popular as a result of their significantly high protein content. This type of smoothie is very high in protein, due to which, they are in high demand among fitness enthusiasts.
The Supermarkets & Convenience Stores market is leading the Global Smoothies Market by Distribution Channel in 2021; thereby, achieving a market value of $5.1 billion by 2028. This expansion is majorly attributed to cold chain management as well as the availability of a variety of items at affordable prices. The rapidly rising growth of the supermarkets & convenience stores segment can also be ascribed to the segment's longevity and availability all over the world. In addition, with the growing disposable income of people throughout the world, the number of supermarkets and convenience stores is also increasing rapidly.
The North America market dominated the Global Smoothies Market by Region in 2021; thereby, achieving a market value of $3.6 billion by 2028. The Europe market is estimated to witness a CAGR of 7.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 9.3% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/smoothies-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Wm. Bolthouse Farms, Inc., Barfresh Food Group, Inc., Ella’s Kitchen Limited, innocent Limited, Jamba Juice Franchisor SPV LLC, Maui Wowi (Kahala Franchising, LLC), Smoothie King Franchises, Inc., Suja Life, LLC and Tropical Smoothie Cafe, LLC.
By Distribution Channel
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