THE NUMBER OF juice and smoothie bars operating in Ireland has extra than halved within the closing 5 years, but income is sturdy for the chosen favorites.
According to a brand new record through Euromonitor International, which includes out international market research, there are 80 fewer juice bars operating in Ireland than five years ago.
The figures display that 142 juice bars existed in 2013, with the simplest sixty-two left status in 2018. Sales in juice and smoothie bars decreased from €32.Nine million in 2013 to €17.7 million in 2018.
Though it may appear grim for smoothie fanatics it’s no longer so awful for the sixty-two institutions which can be basically juicing it.
The document indicates that these juice bars increased their proportion of the market. Combined income dropped by using forty six.6% in 2018 as compared to 2013, no matter the truth then there are much less than 1/2 the range of bars.
This jewelry was genuine for Charlie Scanlon, the proudly owning handling director of Jump Juice Bars, who said his organization has seen income growth year-on-yr throughout the time period.
Scanlon instructed Fora that juice bars attached to deli counters or sandwich bars are within the equal category as bars committed to only making juice and smoothies, and those account for quite a few the closures over the 5 12 months period.
“They don’t have the same providing that devoted bars like Jump Juice Bar is providing,” he stated.
“People consider our brand and experience our product, we are professionals and we aren’t the brand new fad, we view our product significantly,” he introduced.
According to Scanlon, the recognition of smoothies and juices isn’t always in question.
“You most effective ought to walk into St Stephen’s Green Shopping Centre at lunchtime to look how popular juices are,” he said.
“The food and beverage market is getting a lot of consciousness on the minute and we’re running inside the well-being class that is performing very well. If you’re in the proper vicinity, the commercial enterprise could be very sturdy,” he added.
Scanlon and his wife Claire launched the business in 2002, starting the first juice bar in Waterford and the following 12 months Denise and Conor Phelan joined the enterprise as administrators.
Since then, the logo has improved and is now in 23 specific places nationwide, has opened a new location closing month in Cork. Scanlon said the enterprise plans to open an in addition two by means of the give up of this year.