India Smoothies Market Size & Outlook, 2023-2030
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India smoothies market highlights
- The India smoothies market generated a revenue of USD 256.3 million in 2023 and is expected to reach USD 627.5 million by 2030.
- The India market is expected to grow at a CAGR of 13.6% 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 256.3 million |
| Market revenue in 2030 | USD 627.5 million |
| Growth rate | 13.6% (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, India accounted for 2.1% 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 Asia Pacific, China smoothies market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 627.5 million by 2030.
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Smoothies Market Scope
Smoothies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Tropical Smoothie Cafe | View profile | 101-250 | Atlanta, Georgia, United States, North America | http://www.tropicalsmoothiecafe.com |
| Suja Life | View profile | 51-100 | San Diego, California, United States, North America | http://sujajuice.com |
| Smoothie King | View profile | 101-250 | Dallas, Texas, United States, North America | http://www.smoothieking.com/ |
| MAUI WOWI HAWAIIAN COFFEES & SMOOTHIES | View profile | 11-50 | Scottsdale, Arizona, United States, North America | https://www.mauiwowi.com |
| Jamba Juice | View profile | 5001-10000 | Emeryville, California, United States, North America | https://www.jamba.com/ |
| Barfresh Food Group Inc | View profile | 10 | 3600 Wilshire Boulevard, Suite 1720, Los Angeles, CA, United States, 90010 | https://www.barfresh.com |
| Bolthouse Farms | View profile | 1001-5000 | Bakersfield, California, United States, North America | https://www.bolthouse.com/ |
| The Coca-Cola Company | View profile | 10001+ | Atlanta, Georgia, United States, North America | https://www.coca-colacompany.com |
| The Hain Celestial Group Inc | View profile | 2837 | 4600 Sleepytime Drive, Co, Boulder, DE, United States, 80301 | https://www.hain.com |
India 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 51.62% in 2023. Horizon Databook has segmented the India smoothies market based on fruit-based, dairy-based covering the revenue growth of each sub-segment from 2017 to 2030.
Smoothies have gained popularity in India, particularly in urban areas, due to increasing awareness about health and nutrition. Several consumers are seeking nutritious and convenient food options, and the wide availability of fresh fruits and vegetables has made it easier for consumers to incorporate smoothies into their daily diets.
Moreover, several beverage providers are introducing innovative healthy beverages specially tailored to Indian consumers. For instance, in February 2023, India-based beverage company Parle Agro announced the launch of fruit yogurt smoothies. The range includes guava chili, banana rum, and mixed berries flavors.
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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 India smoothies market , including forecasts for subscribers. This country databook contains high-level insights into India smoothies market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India smoothies market report size, by product, 2017-2030 (US$M)
India Smoothies Market Outlook Share, 2023 & 2030 (US$M)
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