Market Overview:
The Asia Pacific smoothies market size reached US$ 2556.5 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 5270.3 Million by 2032, exhibiting a growth rate (CAGR) of 8.12% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023
|
US$ 2556.5 Million |
Market Forecast in 2032
|
US$ 5270.3 Million |
Market Growth Rate (2024-2032) |
8.12% |
Smoothie is a thick blended beverage containing fruits, vegetables, fruit juice, and milk. Various other ingredients, such as whey powder, nuts, seeds, and herbal and nutritional supplements, are also added to enhance the flavor and increase the thickness. With the growing prevalence of chronic diseases, the demand for smoothies has escalated in the Asia Pacific region. The consumption of smoothies is widely associated with various health benefits, including balanced blood sugar and cholesterol levels and an overall improved immune system.
The Asia Pacific represents one of the largest smoothies markets. The primary factor driving the market is the increasing preference for healthy beverages in countries such as India, China, and Australia. This is due to the rising health-consciousness and the hectic lifestyle of individuals across the region. Furthermore, with a significant rise in the demand for on-the-go-meal options, a greater number of cafes and restaurants are serving smoothies, which, in turn, is creating a positive outlook for the market. Moreover, the leading manufacturers are launching innovative product variants, such as gluten-free smoothies, to widen their consumer base. Other factors, such as the emerging café culture and the rising consumer expenditure on food and beverages, are driving the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the Asia Pacific smoothies market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on product, distribution channel, packaging material and consumption pattern.
Breakup by Product:
Breakup by Distribution Channel:
- Restaurants and Smoothie Bars
- Supermarkets and Hypermarkets
- Convenience Stores
- Others
Breakup by Packaging Material:
- Plastic
- Paper
- Glass
- Others
Breakup by Consumption Pattern:
Breakup by Country:
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Scope of the Report |
Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment:
- Product
- Distribution Channel
- Packaging Material
- Consumption Pattern
- Country
|
Products Covered |
Dairy-Based, Fruit-Based |
Distribution Channels Covered |
Restaurants and Smoothie Bars, Supermarkets and Hypermarkets, Convenience Stores, Others |
Packaging Materials Covered |
Plastic, Paper, Glass, Others |
Consumption Patterns Covered |
Out of Home, At Home |
Countries Covered |
China, Japan, India, South Korea, Australia, Indonesia, Others |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the Asia Pacific smoothies market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Asia Pacific smoothies market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the distribution channel?
- What is the breakup of the market based on the packaging material?
- What is the breakup of the market based on the consumption pattern?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Asia Pacific smoothies market and who are the key players?
- What is the degree of competition in the industry?