Industry Analysis & Industry Trends
The Juice and Smoothie Bars industry has grown rapidly over the past five years. The industry is relatively new in the United Kingdom, which has lagged behind other markets such as the United States, where juice bars are far more common. Industry revenue is estimated to expand at a compound annual rate of 12.5% over the five years through 2016-17 to £84.3 million, although it has grown from a very small base. This includes forecast growth of 13.8% in the current year.
Revenue growth has been driven by increases in health awareness and consumer demand for healthy, convenient, on-the-go beverages. Over the past five years, Fuel Juice Bars Ltd has expanded rapidly, increasing from eight stores in 2011 to 38 in 2016, which has boosted industry revenue... purchase to read more
Industry Report - Industry Analysis Chapter
The Juice and Smoothie Bars industry has grown rapidly over the past five years. The industry has been relatively slow to develop in the United Kingdom in comparison with countries like the United States and Australia, but establishment numbers are expected to have increased significantly in the current period. Industry revenue is forecast to grow at a compound annual rate of 12.5% to £84.3 million over the five years through 2016-17. Juices and smoothies have become widely popular among young health-conscious consumers and as a result, industry revenue is estimated to have doubled in size over the past decade despite the effects of the economic downturn, competition from supermarkets and volatile fruit prices. Revenue is expected to increase by 13.8% i.. purchase to read more