Crushing it: Rising health consciousness continues to support strong revenue growth

Rising health consciousness has strongly increased revenue in the Juice and Smoothie Bars industry over the past five years. Consumer concern about the consequences of an unhealthy diet, such as heart disease and obesity, have grown over the period, raising demand for fruit and vegetable products. Industry operators have benefited from this trend by highlighting the health benefits of their products. Industry revenue is expected to increase at an annualised 7.5% over the five years through 2018-19, to $446.7 million. This includes anticipated growth of 5.2% in the current year.The largest player, Boost Juice, has continued to dominate the industry over the past five years...read more.

Industry Statistics & Market Size
Revenue
$447m
Annual Growth 14-19
7.5%
Forecast Growth 19-24
x.x%lock
Profit
x.x%lock
Employment
2,943
Businesses
103
Market Share of Companies

Industry Threats & Opportunities

  • The largest player, Boost Juice, has continued to dominate the industry over the past five years
  • Major players Boost Juice and Top Juice have expanded their franchise operations
  • Rising internal and external competition is forecast to limit industry growth

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    Industry Report - Industry Investment Chapter

    The Juice and Smoothie Bars industry displays moderate capital intensity. For every dollar spent on capital costs in 2018-19, industry operators will spend an estimated $6.50 on wages. Once operators outlay capital for purchasing or fitting out their store, minimal capital expenditure is required from then on. An example of ongoing capital costs would be replacing blenders or refrigerators.Most industry operators opt for younger, part-time employees, since these workers tend to be the most affordable. However, labour costs are still significant, accounting for an expected 14.3% of industry revenue in 2018-19. Staff are required for a variety of tasks including customer service, making smoothies and juices, and cleaning blenders, juicers and the store. The...purchase to read more.

    Additional Insights for the Juice and Smoothie Bars Industry

    IBISWorld has determined the most important Key Success Factors for the Juice and Smoothie Bars are:

  • Being part of a franchising chain
  • Proximity to key markets
  • Production of goods currently favoured by the market

    • IBISWorld analysts also discuss how external factors such as Demand from supermarkets and grocery stores and Domestic price of vegetables in the Juice and Smoothie Bars industry impact industry performance..

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    Industry Products

    What is the Juice and Smoothie Bars Industry?

    The industry sells smoothies and freshly made juices, which are typically made using ingredients such as fruit, vegetables, milk and honey. The industry only includes establishments that primarily produce and sell juice and smoothies.

    Industry Products
  • Smoothies
  • Juices
  • Other food and beverages
    • Industry Activities
  • Selling freshly made smoothies
  • Selling freshly made fruit juice
  • Selling freshly made vegetable juice
  • Selling food and other beverages
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Demand from supermarkets and grocery stores
  • Domestic price of vegetables
  • Health consciousness
  • Real household discretionary income
  • Domestic price of fruit

    • Current Performance
  • Consumer trends
  • Squeezing operations
  • Competition and participation
  • Franchising
  • Chart: Revenue Growth

    • Industry Outlook
  • Consumer trends
  • Industry structure
  • Industry operations
  • Table: Juice and Smoothie Bars Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Juice and Smoothie Bars Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Consumers

    • Key Selling Industries
  • Dairy Produce Wholesaling
  • Fruit and Vegetable Wholesaling
  • Fruit Juice Drink Manufacturing
  • Plastic Foam Product Manufacturing
  • Snack Food Manufacturing

    • Products & Services
  • Smoothies
  • Juices
  • Other food and beverages
  • Chart: Juice and Smoothie Bars Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Consumers aged 20 to 34
  • Consumers aged 14 to 19
  • Consumers aged 35 to 50
  • Consumers aged under 14
  • Consumers aged over 51
  • Chart: Major Market Segmentation for the Juice and Smoothie Bars Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Juice and Smoothie Bars

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Juice and Smoothie Bars Industry

    • Industry Globalization

    Major Companies

    Retail Zoo Pty Ltd, Ayman Investments Pty Ltd,
  • Table: Retail Zoo Pty Ltd - financial performance
  • Table: Ayman Investments Pty Ltd - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Juice and Smoothie Bars Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Juice and Smoothie Bars Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Franchisee
  • The recipient of the franchise license and hence the right to open a franchise. Must be negotiated with the franchisor.
    • Polystyrene
  • A synthetic polymer favoured by industry operators due to its insulation, strength and relatively low cost.
    • Smoothie
  • A blended beverage consisting of fresh fruit, yoghurt and other ingredients.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Juice and Smoothie Bars market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Juice and Smoothie Bars:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Juice and Smoothie Bars market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Juice and Smoothie Bars, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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