Smoothie Industry To Reach 20 Billion By 2027
The Smoothie Industry has Shown Year Over Year Growth
With more and more consumers seeking out real food and embracing healthier, more mindful eating practices and lifestyles, it’s not hard to believe that the smoothie industry is projected to reach $20.3 billion by 2027. Smoothies cater to both healthy eating and the need for convenience in a busy, on-the-go culture. Purchasing a franchise in the smoothie industry offers a strong likelihood of return on investment, as the market continues to boom and shows no signs of slowing, based on industry statistics.
IMARC Group, a leading market research company, found that the global smoothies market reached a value of $14.9 billion in 2021, with market forecasts expecting a steady, five percent growth rate year over year between 2022 and 2027. This growth is attributed to an increasing demand for fast and convenient food options, and an increasing popularity of functional beverages, such as smoothies, to meet daily nutritional requirements.
A Tried and True Business Model
While the smoothie industry in general can be a safe business bet, Planet Smoothie, established in the mid-1990s, offers investors a unique, fun, and reliable brand with a proven business model and established customer base.
“The product is exceptional,” Doug Merenda, Director of Franchise Development, says of the Planet Smoothie brand. “Our tagline is ‘the best tasting smoothie on the planet®!,’ and it’s true. We use real fruit and our own zero-calorie, stevia-based sweetener. We also have ‘Blasts’ we can add to your smoothie to help provide even more nutrition, boost energy or help recuperate from exercise. Our menu is extremely flexible to meet the unique preferences of each guest. With different retail formats and single- and multi-unit franchise programs, our business concept is flexible, too.”
Planet Smoothie’s business model works for several reasons: running the business is a small and simple operation. It offers a bright, fun working environment that retains employees and draws in customers. Above all, the menu consists of fresh, real ingredients and provides customers with a healthy and delicious meal replacement, nutritional supplement, snack, or quick after-workout boost that they can customize to fit their dietary needs.
What Does it Cost to Own a Planet Smoothie?
If you’re in the market to invest in a Planet Smoothie franchise, it will cost you relatively little compared with some business endeavors. Planet Smoothie is an affordable-to-start, easy-to-run investment opportunity perfect for both new and veteran business owners alike. The adaptable footprint means businesses can thrive in a variety of locations. Initial startup costs for a traditional Planet Smoothie franchise model, including initial franchise fees, rent and equipment, are in the range of $193,150 to $421,500. While some restaurant franchises can cost in the ballpark of $1-$3 million to get off the ground, Planet Smoothie requires a relatively small amount of startup capital to get in business.
Why Do Customers Love Planet Smoothie?
It’s simple: Americans are increasingly seeking food that is healthy, affordable and convenient. Planet Smoothie delivers on all three. With a menu that features whole, fresh food ingredients and options that can meet any dietary restriction or lifestyle choice, Planet Smoothie provides customers with smoothies that aren’t loaded with added sugar, additives, imitation flavorings, or other “fake” ingredients.
What’s more, the franchise model is under the leadership of Kahala Brands™, one of the world’s fastest-growing franchising companies with a portfolio of quick-service restaurant concepts. With support from its veteran leadership team, Planet Smoothie has been able to develop and improve as a franchise to accelerate growth and drive stronger results for franchise owners.
“One of the things that made me very excited about Planet Smoothie is the passion and enthusiasm of its franchise community,” says Merenda. “They’re excited about the Planet Smoothie lifestyle, a fun, energetic place that promotes a healthy lifestyle — making Planet Smoothie the great brand that it is. It brings together franchisees who share that same enthusiasm, who share that same desire for a healthier lifestyle, but at the same time can control their own destiny. To me, that’s the fun part — finding those franchisees who share that passion, that enthusiasm, and in doing so help grow this great brand.”
Capture the Smoothie Industry with a Planet Smoothie Franchise!
To learn more about how you can invest in this burgeoning industry, start with our research pages here. If you’re ready to start a conversation with our dedicated franchise team, we invite you to fill out our form here to request a free Franchise Information Report that will provide additional information about the Planet Smoothie franchise opportunity. We look forward to seeing if your dreams of business ownership can be met by investing in the Planet Smoothie franchise opportunity!
