Latin America Smoothies Market Size & Outlook, 2023-2030
Latin America smoothies market, 2017-2030 (US$M)
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Latin America smoothies market highlights
- The Latin America smoothies market generated a revenue of USD 536.0 million in 2023.
- The market is expected to grow at a CAGR of 9.9% 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, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 536.0 million |
| Market revenue in 2030 | USD 1,038.6 million |
| Growth rate | 9.9% (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, Latin America region accounted for 4.3% 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 |
|---|
Latin America 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 54.94% in 2023. Horizon Databook has segmented the Latin America smoothies market based on fruit-based, dairy-based covering the revenue growth of each sub-segment from 2017 to 2030.
Primary factors fueling this expansion include a heightened awareness of health and wellness among consumers, evolving lifestyle and dietary habits, and an increasing preference for convenient, on-the-go meal solutions that offer a range of flavors.
The market is also seeing a rise in the consumption of smoothies made from fruits and vegetables, often recommended as a healthy dietary option. The inclusion of various healthy ingredients such as superfoods, acai berries, chia seeds, and proteins further enhances this trend.
These additions are transforming traditional smoothies into functional supplements that not only offer enhanced nutritional benefits but also align with the prevailing health and wellness trends among consumers.
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Target buyers of Latin America 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 Latin America smoothies market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smoothies market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smoothies market report size, by country, 2017-2030 (US$M)
Latin America Smoothies Market Outlook Share, 2023 & 2030 (US$M)
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