Juice & Smoothie Bars in the US - Industry Market Research Report

Fresh Take: Revenue is Expected to Rise as the Industry Evolves With Consumer Preferences

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.