Mexico Smoothies Market Size & Outlook, 2023-2030
Mexico smoothies market, 2017-2030 (US$M)
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Mexico smoothies market highlights
- The Mexico smoothies market generated a revenue of USD 294.9 million in 2023 and is expected to reach USD 618.4 million by 2030.
- The Mexico market is expected to grow at a CAGR of 11.2% 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 294.9 million |
| Market revenue in 2030 | USD 618.4 million |
| Growth rate | 11.2% (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, Mexico accounted for 2.4% 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 |
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Mexico 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 51.71% in 2023. Horizon Databook has segmented the Mexico smoothies market based on fruit-based, dairy-based covering the revenue growth of each sub-segment from 2017 to 2030.
In Mexico, "licuados" or smoothies are a highly favored beverage, widely enjoyed across various demographics. The primary components in these smoothies are fruits. In addition to fruits, vegetables, milk, salad greens, and a variety of nuts & seeds are increasingly being incorporated, showcasing a shift toward more diverse and health-centric ingredients.
Recent trends in Mexico have seen a rise in the average prices of juices and smoothies, approximately 10% higher in the first half of 2023 compared to 2022. This increase mirrors the recovery and growth of on-premises dining following the COVID-19 pandemic.
As a result of the price rise, consumers are becoming more conscious of costs, prompting restaurant operators to innovate and optimize their menu offerings to maintain appeal and affordability.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico smoothies market , including forecasts for subscribers. This country databook contains high-level insights into Mexico smoothies market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico smoothies market report size, by product, 2017-2030 (US$M)
Mexico Smoothies Market Outlook Share, 2023 & 2030 (US$M)
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