|By Marketwired .||
|December 12, 2006 07:18 PM EST||
CHINO HILLS, CA -- (MARKET WIRE) -- 12/12/06 -- Juice Gallery Multimedia, has announced their annual industry predictions for 2007. "We are beginning our 15th year and growth in the industry remains strong. Three segments that comprise the industry: retail, retail dessert, and mixes, remains strong, currently at $2.18 billion in sales, and we are confident that the industry will grow this year," said Dan Titus, president of Juice Gallery Multimedia, a research company concentrating on the juice and smoothie bar industry.
1) Consumers will continue to benefit from health meal alternatives offered by juice and smoothie bars as evidenced by strong growth in the sector. 2) The retail juice and smoothie bar segment will continue to expand as operators move into mainstream America and around the world. 3) We will see the mix segment continue to expand in foodservice as operators look for a quick, easy solution to add smoothies to existing menus. 4) Co-op branding will continue as established brands add name brand smoothies to their offerings. 5) Competition for retail space will remain high as key locations are scoured by operators. 6) Equity investors will eye the industry for potential buyouts/mergers in an effort to capitalize on growth potential. 7) Consumers will become aware of the benefits of made-to-order (MTO) smoothies in relation to ready-to-drink (RTD) products and products made from mixes. 8) Retail space will remain tight as operators jockey for key locations. 9) Distribution will improve as more distributors seek to satisfy the demand for juice and smoothie operators. 10) Major chains will make strategic moves to capitalize on growth and revenue opportunities.
Juice Gallery Multimedia® is a leading provider of training, consulting, and business information for the juice and smoothie bar industry. The firm concentrates on the business needs of entrepreneurs and business start-ups. Retail restaurant concepts offered combine diversified-menu products to enhance overall customer satisfaction and store profit. Core concepts are: juice and smoothie bars, wraps stores, gourmet coffeehouses, tea, and fusion concepts. The company publishes the industry report: "The U.S. Juice and Smoothie Bar Market," which is an annual report detailing the juice and smoothie industry.
For more information contact:
Juice Gallery Multimedia
Chino Hills, CA 91709
Voice/Fax (909) 597-0791
Sales (800) 710-8163
Email: Email Contact
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