Global Granola bars By Product Type (Fruit Flavors, Nut Flavors, Spice Flavors and Others), Origin (Organic and Conventional), Distribution Channel (Supermarkets, Hypermarkets, Online stores, Convenience Stores, Specialty Stores and Others) – Industry Trends and Forecast to 2029.
Global Granola Bars Market Analysis and Size
Cereal bars are used as a substitute for breakfast bars. Cereal bar manufacturers offer a variety of tailor-made products that are not only nutritious and beneficial to health, but also tasty. The market studied has yet to reach its full potential in developing regions, where people are unaware of cereal bars and prefer traditional snack foods such as biscuits and chips.
- Data Bridge Market Research analyses that the granola bars market was valued at USD 4.27 billion in 2021 and is expected to reach the value of USD 5.75 billion by 2029, at a CAGR of 4.50% during the forecast period of 2022 to 2029. The market for granola bars is being driven by rising demand for health-benefiting products.
Global Granola Bars Market Definition
Granola bars are a sweet baked snack made from a diverse mixture of dry fruits, cereals, honey, puffed rice and other ingredients. They are lightweight and popular among consumers who participate in outdoor activities. Granola bars are used in a variety of foods, including pastries, yoghurt, and ice cream, because they contain essential nutrients such as protein.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Product Type (Fruit Flavors, Nut Flavors, Spice Flavors and Others), Origin (Organic and Convectional), Distribution Channel (Supermarkets, Hypermarkets, Online stores, Convenience Stores, Specialty Stores and Others),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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)
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Market Players Covered
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ADM (US), Olam International Limited (Singapore), Barry Callebaut (Switzerland), Blue Diamond Growers (US), John B. Sanfilippo & Son (US) , Kanegrade (UK), Borges Agricultural & Industrial Nuts (Netherlands), Savencia SA (France), The Wonderful Company (US), Harris Woolf California Almonds (US), Treehouse California Almonds (US), Döhler GmbH (Germany), Royal Nut Company (Australia), Repute Foods Pvt. Ltd (India), Deep Nuts N Flavors LLP (India), Shivam Cashew Industry (India), Modern Ingredients (India), ConnOils LLC (Wisconsin),Valley Harvest Nut Company (US)
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Opportunities
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Granola Bars Market Dynamics
Drivers
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Diversification of Flavours and Products
Granola bars market is driven by factors such as manufacturing offering the product in various flavours to attract consumers, consumers shifting towards healthy breakfast alternatives with low fat and low sugar in the products are driving the market growth.
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Granola Bars as Healthy Alternate
The fact that franchisees are opening stores and offering a wide range of products is also propelling the market forward. Consumers prefer granola bars to supplement their regular eating habits, which will create growth opportunities for the granola bars market.
Opportunity
The rapid consumption of cereal bars is one of the major trends observed in the global granola bars market, owing to the growing population of young people in developing countries. Another factor that is expected to create opportunity for market growth in the coming years is the incorporation of additional health aids and ingredients.
Restraints Global Granola Bars Market
Low granola bar awareness in developing countries will act as a restraint, further challenging the growth of the granola bars market during the forecast period.
This granola bars market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized 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 the granola bars market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Granola bars Market
Consumers stacked products with a long shelf life, such as cereals, snack bars, baking flours, and soup. As a result, sales were stabilised to some extent. Because of the pandemic, consumers have adjusted to a new normal lifestyle, and as a result, an increasing number of consumers prefer quick and nutritious snacking options.
COVID-19 opened the door for a slew of new private firms to enter the market in order to meet the burgeoning demand. Granola bars are a quick and easy source of nutrition and energy, so demand for innovative granola products is always high in developed countries.
As home-bound consumers look for retail options, online distributors are becoming more interested due to the aforementioned factors.
Recent Development
- Kellogg Co. introduced Kellogg's Cereal Bars in 2020. They are made with cereal pieces that are equal to a half serving of cereal by weight, and they are available in Kellogg's Frosted Flakes and Kellogg's Froot Loops varieties. Each snack bar has 90 to 100 calories and 8 grams of sugar.
- KIND Snacks made its first acquisition in 2019 when it paid an undisclosed sum for Creative Snacks, a North Carolina-based producer of clusters, trail mixes, and granolas.
- Nature Valley introduced Wafer Bars in 2019, which are made with whole grain, layered with peanut butter, and topped with granola. The bars are available in two flavours: peanut butter and peanut butter chocolate.
Global Granola bars Market Scope
The granola bars market is segmented on the basis of product type, origin and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Fruit flavors
- Nut flavors
- Spice flavors
- Others
On the basis of product type, granola bars market is segmented into fruit flavors, nut flavors, spice flavors and others.
Origin
- Organic
- Conventional
On the basis of origin, granola bars market is segmented into organic and conventional.
Distribution Channel
- Supermarket
- Hypermarket
- Convenience stores
- Pharmaceuticals
- Departmental stores
- Online
On the basis of distribution channel, the granola bars market is segmented into supermarkets and hypermarkets, pharmacies, convenience stores, departmental stores and online.
Granola bars Market Regional Analysis/Insights
The granola bars market is analysed and market size insights and trends are provided by country, product type, origin and distribution channel as referenced above.
The countries covered in the granola bars market report are U.S., Canada and Mexico in North America, Germany, France, U.K., (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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.
North America dominates the granola bar market due to the region's high market share and people's preference for healthy foods, and the region will continue to dominate the market during the forecast period.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 Granola bars Market Share Analysis
The granola bars 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 granola bars market.
Some of the major players operating in the granola bars market are:
- ADM (US)
- Olam International Limited (Singapore)
- Barry Callebaut (Switzerland)
- Blue Diamond Growers (US)
- John B. Sanfilippo & Son (US)
- Kanegrade (UK)
- Borges Agricultural & Industrial Nuts (Netherlands)
- Savencia SA (France)
- The Wonderful Company (US)
- Harris Woolf California Almonds (US)
- Treehouse California Almonds (US)
- Döhler GmbH (Germany)
- Royal Nut Company (Australia)
- Repute Foods Pvt. Ltd (India)
- Deep Nuts N Flavors LLP (India)
- Modern Ingredients (India)
- ConnOils LLC (Wisconsin)Valley Harvest Nut Company (US)
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