Juices are relished by all and also are part of fitness freaks staple diet. Juices have been an integral part of various fitness regimes. Being the source of vitamins, minerals and healthy components, juices are seen as meal replacements which not only provide you with the needed nutrients but also kerb your hunger. They are also taken for refreshment purposes.
The industry of juice bars is expanding at a fast pace. Growth comes from the thriving fitness industry, which itself has a very wide market. Juices and fitness are synonyms to people who have a decided image of fitness and being active. Juice bars are the most loved spots for fitness freaks and the business is meant to do good because the demand is high. The concept is being liked by all- from fitness enthusiasts to refreshment seekers.
Market Potential
Juice bar industry has the potential to grow at a very high speed, thanks to the huge demands and its connection with the fitness industry. The industry has been witnessing a rapid growth and has been bringing in $ 2 billion every year. As reported by research agencies in 2015, the rate of growth was 15% over three years. The CAGR reported was 25-30% in the juice bar industry and is expected to grow more in the coming years. The market seems bright for this industry as it has a strong base of fitness with it. The business was expected to be worth $ 5 billion in 2012 and is projected to bring 4% to 8% growth a year.
Business Opportunities
Since consumers are becoming increasingly aware of their health and fitness goals, juice bar industry has a large area to spread itself onto. Business opportunities in this sector are mushrooming every day and there is no lack of ideas to choose from in this industry. A person can either start his own business or try the franchising models. A stable growth in this business can be achieved as the resources are easily available.
The biggest juice markets
Juice consumption increased in 2012 with people getting aware of the body needs and the benefits that come with juices. Countries which are leading the juice market are China, France, Germany, The United States of America and The United Kingdom, but other countries are also emerging in this sector as well. The juice bars are a good idea in order to spread awareness about great health and the need to have juices in our diets.
Conclusion
Juice bars have a bright future in terms of the industry as they have all the required components. Fitness enthusiasts want innovations like these to boost their hunger for the fit body and an active mind. Venturing into the business of juice bars is a brilliant opportunity as it seems to promise a successful business growth and a lot of scopes to expand in. The linkage of fitness and juice bar industry is very helpful for both the industries to grow.
