Smoothies Market Size, Share, Growth Analysis, By Product(Fruit-based, Dairy-based and Others), By Distribution Channel(Restaurants, Smoothie Bars, Supermarkets & Convenience Stores), By Region - Industry Forecast 2024-2031

Global Smoothies Market size was valued at around USD 7.30 billion in 2022 and is poised to grow from USD 7.98 billion in 2023 to USD 16.25 Billion by 2031, at a CAGR of 9.3% over the forecast period (2024–2031).

The rising popularity of healthy drinks in developing nations like China and India is to blame for this. In addition, it is anticipated that the market will expand over the forecast period due to increasing consumer demand for fruit-based smoothies and rising awareness of the benefits of living a healthier lifestyle. Due to the rising demand for dairy-based products, the COVID-19 pandemic has seen a slight rise in the demand for consumer goods and beverages. In order to meet the demand for wholesome ingredients, protein- and fruit-based beverages acquired popularity during the COVID-19 era.

The primary factors influencing market expansion are the rising appeal of dairy-based smoothies to satisfy the demand for vital proteins and vitamins. Additionally, it is anticipated that the growing demand for beverages with a high dietary fiber content in developed nations will support company expansion. The industry will have opportunities in the future due to the rising demand for inexpensive non-alcoholic beverages. Adopting a cold storage system, however, will increase smoothies' shelf life and require more maintenance, which will restrain market development.

Furthermore, to attract a sizable customer base, the competitors in the organic beverage market are acquiring products for fat-free smoothies. As a result, during the assessment period, the market is anticipated to demonstrate significant gains. Additionally, the substantial expansion of the food and beverage sector in developing nations like China, India, and others is anticipated to offer a wealth of opportunities for market expansion during the forecast period.

The industry is expected to be driven by the rising investment by well-known players with U.S. bases. The main players supply the smoothies without sugar, which are highly recommended in the gym to lose weight. The development of the industry is being driven by consumers in North America's rising demand for smoothies with healthy and energizing fruit flavors.

The global demand for smoothies is being driven by the rising trend of health awareness and the rising demand for high-nutrition beverage products among young people and millennials. On the other hand, new possibilities for the smoothie industry will arise as consumers become more concerned about their health as a result of the rise in chronic conditions like high blood pressure and heart disease.

US Smoothies Market  is poised to grow at a sustainable CAGR for the next forecast year.