Nuts and snack bars are delectable snacks obtained from the combination of two or more food products, typically incorporating dry fruits for their specific nutritional benefits and flavors. These bars are prepared using various methods such as mixing, forming, and baking to achieve the desired texture and taste. The ingredients used in nuts and snack bars encompass a wide range, including base ingredients like rice, oats, wheat, corn, granola, as well as a variety of nuts such as hazelnuts, cashews, almonds, and walnuts. These bars also often contain essential minerals, milk, vitamins, and sweeteners to enhance their nutritional profile
According to Data Bridge Market Research, the Nuts and Snacks Bar Market accounted for USD 16,204.18 million by 2030, which is USD 7,670.23 million in 2022, registering a CAGR of 9.80% during the forecast period of 2023 to 2030
“Increasing newer flavors and ingredients”
The rising popularity of athletic and sports activities, coupled with busy lifestyles and growing health consciousness among consumers, has led to a shift in food preferences. In response to these trends, major market players are introducing food products with newer ingredients and flavors. For instance, KIND bars have expanded their product range to include a variety of options such as strawberry pressed bars, strawberry fruit bites, sweet & spicy bars, and two-in-one flavors like chocolate. This product diversification caters to the evolving taste preferences of consumers, providing them with convenient and nutritious options that align with their active and health-focused lifestyles.
What restraints the growth of U.S. nuts and snacks bar market?
“Impact of food allergies on nuts and snack bars market”
The market growth of nuts and snack bars could be impeded by the rising prevalence of food allergies linked to certain food products. This presents a challenge that may limit the expansion of the market between 2023 and 2030. Increased awareness and concerns about food allergies among consumers could lead to a decline in demand for nut-based and snack bar products, impacting market growth during the forecast period.
Segmentation: Nuts and Snacks Bar Market
The U.S. nuts and snacks bar market is segmented on the basis of basis of product type, calorie content, flavor, nature, size and distribution channel.
- On the basis of product type, the U.S. nuts and snacks bar market is segmented into energy bars, protein bars, cereal bars, nuts bars.
- On the basis of calorie content, the U.S. nuts and snacks bar market is segmented into regular, low calorie, sugar free.
- On the basis of flavor, the U.S. nuts and snacks bar market is segmented into regular, flavor.
- On the basis of nature, the U.S. nuts and snacks bar market is segmented into organic, conventional.
- On the basis of size, the U.S. nuts and snacks bar market is segmented into 1.5 to 2.5 oz, 2.6 to 3.5 oz, 3.6 to 5.5 oz, 5.5 oz and above.
- On the basis of distribution, the U.S. nuts and snacks bar market is segmented into channel supermarkets/hypermarkets, convenience stores, specialty stores, online stores, others.
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The Prominent Key Players Operating In The Nuts and Snacks Bar Market Include:
- Kellogg Co. (U.S.)
- General Mills Inc. (U.S.)
- KIND (U.S.)
- Clif Bar & Company (U.S.)
- Hormel Foods (U.S.)
- THE HERSHEY COMPANY (U.S.)
- The Simply Good Foods Company (U.S.)
- Mars, Incorporated (U.S.)
- Premier Nutrition Company, LLC (U.S.)
- Abbott (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of U.S. nuts and snacks bar market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: U.S. Nuts and Snacks Bar Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
