Juice & Smoothie Bars in the US - Industry Market Research Report
Description
Juice & Smoothie Bars in the US
The juice and smoothie bars industry declined over the past five years and the pandemic exacerbated revenue losses. Temporary establishment shutdowns and decreased consumer spending during the pandemic harmed the industry. Also, in recent years, some smoothies and juices' perceived high sugar content has forced the industry to adapt its offerings to cater to consumers demanding low-sugar drinks. Operators have increased their offerings of nutritious product options. Overall, revenue has been falling at a CAGR of 1.1% to $2.7 billion over the past five years, including an expected 0.6% increase in 2023. Profit is expected to climb to 4.8% of revenue in 2023 from 4.6% in 2018.
This industry consists of establishments that primarily sell smoothies and fresh-made juices. A smoothie is a blended, sometimes sweetened beverage primarily made from fresh fruit or vegetables combined with ice, frozen fruit or other frozen ingredients. Some juice and smoothie bars offer add-ins, like soy milk, whey powder, green tea and herbal or nutritional supplements. Revenue from other beverage and food sales is also included.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The juice and smoothie bars industry declined over the past five years and the pandemic exacerbated revenue losses. Temporary establishment shutdowns and decreased consumer spending during the pandemic harmed the industry. Also, in recent years, some smoothies and juices' perceived high sugar content has forced the industry to adapt its offerings to cater to consumers demanding low-sugar drinks. Operators have increased their offerings of nutritious product options. Overall, revenue has been falling at a CAGR of 1.1% to $2.7 billion over the past five years, including an expected 0.6% increase in 2023. Profit is expected to climb to 4.8% of revenue in 2023 from 4.6% in 2018.
This industry consists of establishments that primarily sell smoothies and fresh-made juices. A smoothie is a blended, sometimes sweetened beverage primarily made from fresh fruit or vegetables combined with ice, frozen fruit or other frozen ingredients. Some juice and smoothie bars offer add-ins, like soy milk, whey powder, green tea and herbal or nutritional supplements. Revenue from other beverage and food sales is also included.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
41 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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