Saudi Arabia Smoothies Market Size & Outlook, 2023-2030
Saudi Arabia smoothies market, 2017-2030 (US$M)
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Saudi Arabia smoothies market highlights
- The Saudi Arabia smoothies market generated a revenue of USD 149.7 million in 2023 and is expected to reach USD 254.6 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.9% 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.
Smoothies market data book summary
| Market revenue in 2023 | USD 149.7 million |
| Market revenue in 2030 | USD 254.6 million |
| Growth rate | 7.9% (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, Saudi Arabia accounted for 1.2% 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 Middle East & Africa, Saudi Arabia smoothies market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 168.3 million by 2030.
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Smoothies Market Scope
Smoothies Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 54.91% in 2023. Horizon Databook has segmented the Saudi Arabia smoothies market based on fruit-based, dairy-based covering the revenue growth of each sub-segment from 2017 to 2030.
The extreme sunny weather in Saudi Arabia is favoring the demand for smoothies due to the need for refreshing and hydrating beverages. As the heat intensifies, several consumers seek ways to cool off and stay hydrated, making smoothies appealing. This increased demand is a natural response to the weather conditions and is anticipated to drive the demand for smoothies in the country.
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Target buyers of Saudi Arabia 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 country-level data and insights on the Saudi Arabia smoothies market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia smoothies market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia smoothies market report size, by product, 2017-2030 (US$M)
Saudi Arabia Smoothies Market Outlook Share, 2023 & 2030 (US$M)
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