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 SWOT Analysis Chapter
Industry value added is forecast to grow at a compound annual rate of 11.3% over the 10 years through 2021-22. This is much faster than forecast growth of 2.3% in GDP over the same period, indicating that the industry is in the growth stage of its life cycle. The United Kingdom has lagged behind other markets like the United States and Australia, where juice bars are much more common, as demand in these countries is often positively affected by favourable weather conditions.
Industry growth has been supported by a number of long-term trends, including rising health awareness and proven consumer demand for convenient, on-the-go beverages. Whi.. purchase to read more