Canada Smoothies Market Size & Outlook, 2023-2030
Canada smoothies market, 2017-2030 (US$M)
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Canada smoothies market highlights
- The Canada smoothies market generated a revenue of USD 306.3 million in 2023 and is expected to reach USD 571.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.3% 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.
Smoothies market data book summary
| Market revenue in 2023 | USD 306.3 million |
| Market revenue in 2030 | USD 571.6 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | Fruit-based |
| Fastest growing segment | Dairy-based |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 2.5% of the global smoothies market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. smoothies market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 618.4 million by 2030.
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Smoothies Market Scope
Smoothies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 51.29% in 2023. Horizon Databook has segmented the Canada smoothies market based on fruit-based, dairy-based covering the revenue growth of each sub-segment from 2017 to 2030.
The Canadian smoothie market is experiencing a significant upswing, driven by factors such as evolving consumer tastes, the introduction of novel products, and the proliferation of smoothie outlets.
The significant growth in the smoothies market is largely attributed to the rapid expansion of smoothie outlets, with well-known chains like Smoothie King and Jamba Juice broadening their international reach and appealing particularly to the younger demographic.
This expansion is further fueled by the inventive offerings of large corporations such as PepsiCo and Danone, who are at the forefront of introducing new and varied smoothie flavors that align with the market's growth trajectory.
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Target buyers of Canada 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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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 country-level data and insights on the Canada smoothies market , including forecasts for subscribers. This country databook contains high-level insights into Canada smoothies market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada smoothies market report size, by product, 2017-2030 (US$M)
Canada Smoothies Market Outlook Share, 2023 & 2030 (US$M)
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