The Latin America, Middle East and Africa Smoothies Market would witness market growth of 13.7% CAGR during the forecast period (2022-2028).
The increasing popularity of dairy-based smoothies to meet the demand for necessary proteins and vitamins is the primary driver driving market expansion. In addition, the increased demand for beverages high in dietary fiber in industrialized nations is predicted to stimulate business expansion. The emerging opportunities for the market are the rising demand for reasonably priced non-alcoholic beverages.
In addition, organic beverage industry firms are acquiring fat-free smoothies to attract a bigger customer base. Consequently, significant improvements are anticipated for the market in the coming years. In addition, the substantial growth of the food & beverage industry in emerging economies is anticipated to create substantial growth prospects for market expansion in the coming years.
There is an increase in demand for smoothies including green leafy vegetables, like kale, lettuce, spinach, and green cabbage leaves, to promote digestion and the immune system, and reduce harmful appetites, as the popularity of green smoothies grows. Due to the rising expense of healthcare, consumers are also more likely to consume smoothies for breakfast and as healthy snacks. Increased customer awareness of the product's benefits also contributes to market expansion.
Malnutrition is a growing concern within Sub-Saharan countries. Typically, malnutrition primarily affects children under the age of five. Conceptually, malnutrition encompasses both nutrition and obesity. Africa is undergoing a rapid sociodemographic transformation marked by an alarming rise in the prevalence of obesity, diabetes, and cardiovascular disease. The primary emphasis of the regional government is to promote a better diet with enhanced nutrition.
The Brazil market dominated the LAMEA Smoothies Market by Country in 2021; thereby, achieving a market value of $271.9 million by 2028. The Argentina market is showcasing a CAGR of 14.3% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 13.4% during (2022 - 2028).
Based on Product, the market is segmented into Fruit-based, Dairy-based and Others. Based on Distribution Channel, the market is segmented into Supermarkets & Convenience Stores, Restaurants and Smoothie Bars. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Smoothies Market is Predict to reach $10.9 Billion by 2028, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Wm. Bolthouse Farms, Inc., Barfresh Food Group, Inc., Ella’s Kitchen Limited, innocent Limited, Jamba Juice Franchisor SPV LLC, Maui Wowi (Kahala Franchising, LLC), Smoothie King Franchises, Inc., Suja Life, LLC and Tropical Smoothie Cafe, LLC.
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