Industry Analysis & Industry Trends
The Juice and Smoothie Bars industry has grown steadily over the past five years as operators have adapted to rapidly changing consumer preferences. In recent years, the perceived high sugar content of some smoothies and juices has forced the industry to adapt its offering. For this reason, cold press juice, which is made by hydraulically chopping and crushing produce such as spinach, kale and ginger without using heat, thereby yielding highly nutritious juice, has risen to prominence. The industry will continue to evolve over the next five years, in line with consumer preferences. Due to increasing competition and less certainty about future consumer tastes, the industry is expected to become more nimble, with juice bars subletting space from existing retailers.... purchase to read more
Industry Report - Starting a New Business Chapter
The Juice and Smoothie Bars industry has minimal barriers to entry, with low establishment costs and no formidable licensing requirements. However, industry competition and market awareness can pose as a threat to potential entrants.
Operators that plan to enter this industry are not particularly constrained by the capital investment required to open a juice or smoothie bar. Potential operators seeking entry can lease premises, equipment, furniture and fittings, which lower initial capital costs, outlays and borrowings considerably. Entry can also occur through signing a franchise agreement, where costs are relatively cheaper than other food establishments... purchase to read more