Smoothies Market Size 2023 with Rising Demand, Ultimatum for the Market Planned (2023)

FAQs

What is the market size of the smoothie industry? ›

The market size, measured by revenue, of the Juice & Smoothie Bars industry is $2.7bn in 2023.

Smoothies Market is segmented on the basis of Product Type (Fruit-based, Dairy-based, and Other Product Types); by Distribution Channel (Supermarkets/Hypermarkets, Smoothie Bars, Convenience Stores, and Other Distribution Channels), and by Geography (North America, Europe, Asia-Pacific, South America, and Middle East & ...

Juice bars are flexible business models that can churn out major cash – the average annual revenue of a juice bar ranges from $100,000 - $600,000 . Additionally, juice bars often run with lower labor and operating expenses, raising the profit margin.

REVENUE PROJECTION

The average number of smoothies sold per day is 40 which is around 14,400 smoothies sold per year. In terms of dollars, that's an average of: $57,456 - $71,856 in yearly sales depending on the size of the smoothie. (For this example, the low end is for 16 oz. smoothies and the high end is for 24 oz.)

Tropical Smoothie Cafe is the most popular smoothie & juice shop chain in America with over 1,100 stores. Smoothie King came in second with 1,000 stores, followed by Jamba with over 600.

Smoothie King Franchises Inc. is targeting consumers 40 years and older with a new health-oriented marketing campaign tied to its 40^th anniversary. The New Orleans-based franchisor launched its 40 Years Strong campaign and a 40 over 40 contest via social media on Tuesday.

Report Overview. The global smoothies market size was valued at USD 6.68 billion in 2021 and expected to expand at a CAGR of 9.3% from 2022 to 2028.

Consumers ages 18 to 34 are the most avid smoothie consumers: 18- to 24- year-olds are traditionally loyal smoothie consumers, while the 25- to 34-year-old set has shown a recent growth in smoothie consumption.

Do smoothie shops make good money? ›

Yes, smoothie bars can make money. The amount of money that can be earned from a smoothie bar depends on several factors, such as the demand for smoothies in the local area, the quality of the ingredients and preparation of the smoothies, and the cost of running the business.

A juice business or restaurant selling juice direct to consumer can expect about a 50% – 70% gross margin (profit before labor and overhead costs) if careful planning is done when developing the recipes.

The data has been calculated by Statista based on the U.S. Census data and Simmons National Consumer Survey (NHCS). According to this statistic, 176.06 million Americans consumed yogurt and smoothies in 2020.

The smoothie industry has been becoming attractive and the research suggests that from 2015 to 2022 the international smoothie market will grow from $9bn to $15 due to a rise in health consciousness in consumers. Industry growth: The industry showed an increase in the consumption of smoothies since 2007.

There are more than 5,000 juice and smoothie shops operating in the United States as of 2021, and the industry is growing with new stores opening by the month.

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.

2021 Smoothie King Median Franchise Sales: $573,269

Based on the median sales provided by Smoothie King's franchise locations, at an average of a 15% profit margin it will take around 8.75 years to recoup your investment. This is longer than other franchise opportunities.

Welcome to Smoothie King! We are the world's largest smoothie brand and offer an exciting franchise opportunity for you. As a Smoothie King franchise owner, you'll have access to: World-class training and support.

Two Charlotte, North Carolina Smoothie Kings have been shut down after customers noticed racist names added on their receipts. In one case, a black customer noticed the n-word printed on the receipt.

Equipment Costs

Smoothie production requires a significant equipment investment. To store fruit and other ingredients, you need a refrigeration unit and possibly a freezer. Cutting and blending smoothies requires industrial blenders built purposefully for heavy use.

Who are the major competitors of smoothie? ›

Smoothie King's competitors and similar companies include McDonald's, SSP Group, Subway and The Cheesecake Factory. Smoothie King is a company that operates smoothie bars and health food stores.

There are a number of benefits from consuming smoothies, they increase fibre intake, contribute towards our 5 a day, boost our vitamin C levels and may help with conditions like high blood pressure.

Banana. Consistently the most popular fruit used in many smoothies, the banana is tasty, healthy and versatile.

Smoothies are most popular with the younger generation – a quarter (25%) of those aged 16-24 have at least one smoothie a week, with this falling to 7% of those aged 60 or older.

The largest smoothie is 4030 litres (886 UK gal, 1064.61 US gal), achieved by Stichting Jaarmarkt Nibbixwoud (Netherlands), in Nibbixwoud, Noord-Holland, Netherlands, on 2 July 2017. The ingredients used were: orange juice, strawberries, bananas, honey, yogurt, sugar and ice.

What are the 4Ps of marketing? (Marketing mix explained) The four Ps are product, price, place, and promotion. They are an example of a “marketing mix,” or the combined tools and methodologies used by marketers to achieve their marketing objectives.

The "market size" is made up of the total number of potential buyers of a product or service within a given market, and the total revenue that these sales may generate.

Target Customers

A target customer is an individual that's most likely to buy your product. And it's a subset of the broader target market. For example, if your target market is female athletes between the ages of 13 to 25, a target customer could be female athletes in the specific age range of 13 to 16.

Your smoothie business plan objective is to provide healthy, customizable smoothies and acai bowls to customers who want quick-service meals with an emphasis on wellness.

The advantage of starting a smoothie business is that you have the ability to have passive income and make money while you sleep. This is the dream for many entrepreneurs.

How much should you charge for a smoothie? ›

The average price for a smoothie is typically around $5 for a small and $7 for a large.

The average startup capital necessary to open a smoothie shop is $60,000. It's very common for smoothie shop owners to cover these costs by applying for small business loans and commercial loans, as well as by opening up a business line of credit.

In conclusion, smoothies can be a great way to increase intakes of fruit and vegetables in our diet, which would have many health benefits. However, they may contain large amounts of added or natural sugars, which can contribute to dental problems and obesity.

Average Net Revenues in 2021

It is estimated that based on average net revenue of $1,009,803 and a profit margin of 15%, the average tropical smoothie franchise owner salary/ compensation is $126,000 per year.

"It's really fine to have a smoothie every day. It can be a convenient meal replacement as long as you're making sure that it really is replacing the meal. Not too few calories, but not too many calories," says Fye.

Calorie restriction is probably the most healthy and consistent way to drop pounds if done in the right amount and making sure one gets the proper nutrients along the way. So, in conclusion, the answer is yes you could live on smoothies if you took in the correct amount of vitamins, nutrients and proteins.

As long as you are drinking smoothies made from a variety of fruits and vegetables and low in refined sugar, there would be no problem with consuming smoothies every day. However, fruits are naturally high in sugar and you want to make sure you are consuming an overall balanced diet to maintain optimum health.

Nut butters, seeds (like chia, hemp or ground flax seeds), and avocados can make your smoothie extra filling, and depending on which one you choose, may bring heart-protecting omega-3 fatty acids or monounsaturated fats. But these additions also drive the calories up.

The market size, measured by revenue, of the Juice & Smoothie Bars industry is $2.7bn in 2023.

How much does a smoothie business make a year? ›

From an investment stand point, industry experts estimate start-up costs for you to own a smoothie business will run between $20,000-$400,000. However, you stand to make about $600,000 in gross revenue annually.

A smoothie, when sold as a competitive item, is categorized as either a food or a beverage. A smoothie is a food if the first ingredient is a main food group category (e.g., fruit, vegetable, dairy, etc.). Under this definition, a fruit and/or vegetable juice is considered a main food group.

The global food service market size was valued at USD 2,323.29 billion in 2021 and is projected to grow from USD 2,540.05 billion in 2022 to USD 5,194.60 billion by 2029, exhibiting a CAGR of 10.76% during the forecast period.

The global superfoods market was valued at US$ 162.6 Billion in 2022.

The global sports nutrition market was worth $42.9bn in 2022 (up from $40bn in 2021) and looks set to increase at a rate of 7.4% each year [Grand View Research]. In the USA, sports supplements are the largest market sector accounting for 80%, followed by meal replacement and weight loss products [Grand View Research].

The United States has 201,865 fast food restaurant businesses as of 2023. The US fast food industry has a market size of $331.41 billion as of 2022.

FooDB is the world's largest and most comprehensive resource on food constituents, chemistry and biology. It provides information on both macronutrients and micronutrients, including many of the constituents that give foods their flavor, color, taste, texture and aroma.