Asia Pacific Smoothies Market Size & Outlook, 2023-2030
Asia Pacific smoothies market, 2017-2030 (US$M)
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Asia Pacific smoothies market highlights
- The Asia Pacific smoothies market generated a revenue of USD 2,168.8 million in 2023.
- The market is expected to grow at a CAGR of 12.3% from 2024 to 2030.
- In terms of segment, fruit-based was the largest revenue generating product in 2023.
- Dairy-based is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,168.8 million |
| Market revenue in 2030 | USD 4,892.7 million |
| Growth rate | 12.3% (CAGR from 2023 to 2030) |
| Largest segment | Fruit-based |
| Fastest growing segment | Dairy-based |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Fruit-based, Dairy-based |
| Key market players worldwide | Bolthouse Farms, Barfresh Food Group Inc, The Hain Celestial Group Inc, The Coca-Cola Company, Jamba Juice, MAUI WOWI HAWAIIAN COFFEES & SMOOTHIES, Smoothie King, Suja Life, Tropical Smoothie Cafe |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.4% of the global smoothies market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 4,892.7 million by 2030.
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Smoothies Market Scope
Smoothies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific smoothies market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to smoothies market will help companies and investors design strategic landscapes.
Fruit-based was the largest segment with a revenue share of 48.43% in 2023. Horizon Databook has segmented the Asia Pacific smoothies market based on fruit-based, dairy-based covering the revenue growth of each sub-segment from 2017 to 2030.
Health is a significant concern among consumers in Asia Pacific, and their focus on health has increased since the outbreak of the COVID-19 pandemic. This has resulted in the demand for various health accessories, fitness equipment, and health foods, including smoothies.
To meet this rising demand, many players have been expanding their footprint in the region. For instance, Innocent, a company that focuses on smoothies, along with coconut water, vegetable milk, and fruit juices, entered the Asia Pacific market and launched the brand in China under its Chinese name "天真" on June 13, 2020.
The company launched its smoothies in three flavors: Kiwi Greens, Magnificent Mango, and Seriously Strawberry, targeting health-conscious consumers in China and offering five types of fresh fruits, fiber, and vitamins without any food additives and sugar.
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Target buyers of Asia Pacific smoothies market databook
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Our clientele includes a mix of smoothies market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific smoothies market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific smoothies market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific smoothies market report size, by country, 2017-2030 (US$M)
Asia Pacific Smoothies Market Outlook Share, 2023 & 2030 (US$M)
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