Innovations in Product Manufacturing to Improve Smoothie Market Dynamics

Pune, India, September 2019, MRFR Press Release/- Market Research Future has Published a Half-Cooked Research Report on the Global Smoothie Market.

Overview:

Market Research Future (MRFR) made a claim in their recently published report that the global smoothie market can expect a rise by substantial CAGR during the forecast period of 2018 to 2023. The valuation would also surpass various predictions by the end of 2023. Smoothie is a type of beverage that can be made out of fruits and vegetable. The texture of the product retains qualities of fruits or vegetables that have been used in the making. Its consistency is quite thick. The is loaded with vitamins, fiber, and other nutrients. The product is gaining strong grounds owing to its substantial increase in popularity among various end-users. Among other major factors, rapid urbanization and industrialization can be seen as factors as they have contributed much in the transformation of various lifestyles. People who don’t have much time to prepare meals are leaning towards smoothies for better health benefits. Manufacturers have reduced the use of preservatives to make the product even more alluring to customers.

Among factors, customization option, growing number of smoothie bars, hike in disposable income, variety in option, and affordability in terms of price and time can be seen as among the major ones that can influence the global smoothie market. On the other hand, its growing popularity and health-related benefits are expected to provide the market substantial traction in the coming years.

Segmentation:

MRFR has segmented the global smoothie market on the basis of type, packaging, and distribution channel to gain better knowledge about factors that could influence the global market in the coming years.

By type, the global smoothie market includes fruit-based, vegetable-based, and blends. The fruit-based smoothie has the better market domination and can fetch in substantial market revenue in the coming years.

By packaging, the global smoothie market includes bottles, pouches, and others. The bottles segment had the maximum market coverage.

By distribution, the global smoothie market includes store-based and non-store-based. The store-based segment covers specialty stores, supermarkets/hypermarkets, and others. The global market would enjoy better market growth due to the inclusion of various smoothie bars that can take the market to a wider client base.  

For More Information, Visit: https://www.marketresearchfuture.com/reports/smoothie-market-6577

Regional Analysis

MRFR, for a better analysis of the global smoothie market, included regions namely Asia Pacific (APAC), Europe, North America, and Rest-of-the-World (RoW). The aim is to gain better acceptance by various companies and the report is based on factors that influence regions on its demographic level.

In North America, the rise in health-conscious people can ensure better intake of the global smoothie market. The market would dominate the coming years as well. The US has been acknowledged as one of the major contributors who are reading the changing preferences well to understand the market scope. The region is witnessing a strong surge in the development of various restaurant chains and food chains, which are expected to boost the smoothie market. Also, growing urbanization can help the market gain growth in the coming years.  

The APAC smoothie market would benefit from the rising number of health-conscious people. Emerging economies like China and India and developed region like Japan are expected to provide thrust to the growth of the regional smoothie market.   

Competitive Landscape:

Prominent smoothie market influencers are Bolthouse Farms, Inc. (US), Barfresh Food Group (US), Crussh (Australia), Smoothie King (US), Innocent Drinks (UK), Suja Life, LLC (US), MTY Food Group Inc. (Canada), Tropical Smoothie Café (US), Jamba Juice Company (US), and Boost Juice (Australia). These companies are trying to launch various strategic moves to make sure high growth can be achieved in the coming years.

• In February 2019, the Coca-Cola Company announced their intention to launch smoothies to better their existing Simply Beverages portfolio. The move would see integration of three smoothies in the beginning; mango pineapple, strawberry banana, and orchard berry.