Technavio Announces the Publication of its Research Report Global Smoothies Market 2017-2021
Technavio recognizes the following companies as the key players in the global smoothies market: Bolthouse Farms, Jamba Juice Company, MTY Food Group, Smoothie King, and Tropical Smoothie Café Other Prominent Vendors in the market are: Daily Harvest, Dr. Smoothie Brands, HAPPY PLANET, Innocent, J Sainsbury, Naked Juice, Odwalla, Robeks, Smoothies - N - Things Café, Suja Juice, and The Smoothie Company.
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Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is Increasing demand for organic and gluten-free smoothies. Organic smoothies are made from fruits and vegetables that are not artificially ripened or sprayed with harmful pesticides and chemicals.
Consumers are increasingly concerned about the origin and quality of fruits and vegetables used in the preparation of smoothies. Organic smoothies cost more than regular smoothies and juices, as they are rich in minerals and antioxidants.
Dr. Smoothies, is one of the leading players in the market who offers organic smoothies. Some of the other organic smoothie providers are Odwalla, The Cold Press Organic Beverage, Simply Balanced, B'more Organic, and GreenFix Organic Smoothie.According to the report, one of the major drivers for this market is Increasing number of smoothie outlets.
Due to the growing demand for smoothies, manufacturers are expanding their operations worldwide. They are opening new stores and outlets to increase their working geography and consumer base.
In 2015, Jamba Juice Company, one of the leading smoothie chains in the US announced that it has more than 600 new cafés in the pipeline in countries: Canada, Mexico, South Korea, Philippines, Taiwan, Thailand, the UAE, Oman, Saudi Arabia, Bahrain, Kuwait, and Qatar.
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Further, the report states that one of the major factors hindering the growth of this market is Increasing competition from substitutes. The global smoothies market is facing stiff competition due to the availability of other beverages such as juices, carbonated beverages, coconut water, bottled water, and energy drinks.
Juice is a beverage extracted from fruits/vegetables that are consumed worldwide due to its nutritional benefits and refreshing properties. Juice are also rich in vitamins, minerals, and antioxidants hence many consumers are preferring juices and which will be a major substitute product for smoothies and cheaper than smoothies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About SmoothiesSmoothie is a thick drink made from a blend of fruits/vegetables along with water, yogurt, milk, ice cubes, and sweeteners, such as honey; sugar; and syrup. In addition to blended raw fruits/vegetables, smoothies may also include other ingredients, such as whey powders; herbal supplements; and nutritional supplements.
Growing demand for local flavors in soft drinks such as tropical flavors and use of innovative ingredients such as erythritol in soft drinks is expected to increase the consumption of soft drinks during the forecast period. In addition, the introduction of semi-skimmed soft drinks and the use of innovative packaging will boost the sales of soft drinks further.
Technavios analysts forecast the global smoothies marketto grow at a CAGR of 8.59% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global smoothies market for 2017-2021. To calculate the market size, the report considers the sales/volume/value.The market is divided into the following segments based on geography:
EMEATechnavio's report, Global Smoothies Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years.
The report also includes a discussion of the key vendors operating in this market.
Know more about report at marketreportscenter.com/reports/55…-market-2017-2021
Jamba Juice Company
MTY Food Group
Tropical Smoothie Café
Other prominent vendors
Dr. Smoothie Brands
Smoothies - N - Things Cafe
The Smoothie Company
Increasing number of smoothie outlets
For a full, detailed list, view our report Market challenge
Fluctuating prices of raw materials
For a full, detailed list, view our report Market trend
Increasing demand for organic and gluten-free smoothies
For a full, detailed list, view our report Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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