Global Cereal Bar Market, By Product Type (Granola/ Muesli Bars, Snacks Bars, Energy and Nutrition Bars and Other Cereal Bars), Distribution Channel (Food Specialty Stores, Convenience Stores, Supermarkets/ Hypermarkets, Online Stores and Others), Flavour (Caramel, Banana, Chocolate, Honey, Strawberry, Peanut Butter and Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Data Bridge Market Research analyses that the global cereal bar market will project a CAGR of 7.44% for the forecast period of 2021-2028. Growth and expansion of the food and beverages industry, growing consumer demand for small and ready to eat snacks, rising consumer consciousness towards high quality nutritional snacks, and increasing personal disposable income by the major companies are the major factors attributable to the growth of cereal bar market.
From the name itself, it is clear that cereal bars are the food products or the snack items that are munched as snack alternatives. Cereal bars are made out of various cereals and other nutritional ingredients. Cereal bars are produced by pressing the cereals with nuts, berries and other ingredients. Cereal bars are bind with glucose syrups and contain low caloric content. Cereal bars are used as alternatives to meal as they provide essential nutrients such as iron, starch, fibre, proteins, antioxidants, phosphorus and potassium. Cereal bars boost up the immunity system and improve the digestive health of an individual.
Rising demand for fibre rich snacks and growing awareness about the benefits of cereal bars are the major factors fostering the growth of the cereal bars market. Changing lifestyle, westernization, rising demand for value added products such as low-fat cereal bars, growth in the demand for healthy snacks in developing regions and ever-rising global population are other important factors acting as cereal bars market growth determinants. Improving distribution channel, growing focus of the manufacturers on product innovations, rising availability of food products that enhance immune health, surging availability of on-the-go grab breakfasts, rising working class population, growth in the levels of stress and changing tastes and preferences of consumers will further induce growth in the cereal bars market value.
However, health issues related to high sugar content will pose a major challenge to the growth of the cereal bars market. High costs associated with production and marketing of the product will further restrict the scope of growth for the cereal bars market. Fluctuations in the prices of raw materials will also hamper the cereal bars market growth rate.
This cereal bar market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on cereal bar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Cereal Bar Market Scope and Market Size
The cereal bar market is segmented on the basis of product type, distribution channel and flavours. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the global cereal bar market is segmented into granola/ muesli bars, snacks bars, energy and nutrition bars and other cereal bars.
- On the basis of distribution channel, the cereal bar market is segmented into food specialty stores, convenience stores, supermarkets/ hypermarkets, online stores and others.
- On the basis of flavors, the global cereal bar market is segmented into caramel, banana, chocolate, honey, strawberry, peanut butter and others.
Cereal Bar Market Country Level Analysis
The cereal bar market is analyses and market size, volume information is provided by country, product type, distribution channel and flavours as referenced above.
The countries covered in the cereal bar market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the cereal bar market and will continue to during the forecast period owing to the rising demand for cereal bars as alternatives to breakfast meals. Asia-Pacific is set to undergo substantial gains and register the highest compound annual growth rate (CAGR) during the forecast period. This is because of the growing retail sector, globalization, westernization, changing lifestyle, and increasing personal disposable income. Also, rising product innovations by the major manufacturers in regards to flavors will also foster the growth of the market.
The country section of the cereal bar market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Cereal bar Market Share Analysis
The cereal bar market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to cereal bar market.
The major players covered in the cereal bar market report are Kellogg Co., Jordans., General Mills, Inc., Nestlé, Abbott, PepsiCo, Simply Good Foods USA, Inc., Ocado Retail Limited, The Quaker Oats Company,, Mars, Incorporated, Hain Celestial, Associated British Foods plc, Clif Bar & Company., KIND LLC, Concord Foods, LLC, FRANK Food Products, Natural Balance Foods, To You, Perfect Bar and Bobo's among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.