The Juice and Smoothie Bars industry has enjoyed healthy growth during the past five years. The industry is relatively new in the United Kingdom, having lagged behind other developed markets like the United States, where juice bars are far more common. Industry revenue is estimated to expand at a compound annual rate of 7.8% over the five years through 2014-15 to £58.3 million, although it has grown from a very small base. This includes forecast growth of 7.6% in the current year.
Growth has been driven by rising health awareness and consumer demand for convenient, on the go beverages.
Businesses in this industry sell smoothies and freshly made juices. A smoothie is a blended, sometimes sweetened, beverage primarily made from fresh fruit or vegetables and sometimes combined with ice. They may contain chocolate, honey, syrup, milk, yoghurt or ice cream. Some juice and smoothie bars offer add-ins, like soy milk, green tea and health supplements. The industry only includes businesses whose main operations include the production of juice and smoothies.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.