Global Snacks Bars Market, By Type (Energy and Nutrition Bars, Cereal Bars, Granola Bars and Other Snack Bars), Distribution Channel (Specialty Stores, Convenience Stores, Supermarkets/ Hypermarkets, Online Stores and Others), Ingredients (Nuts, Whole Grains, Dried Fruits 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.
Market Analysis and Insights of Snacks Bars Market
Data Bridge Market Research analyses that the global snacks bars market will project a CAGR of 4.74% 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 snacks bars market.
From the name itself, it is clear that snack bars are the food products that are munched as snack alternatives. Snack bars are made out of dried fruits, nuts and seeds, various cereals and other nutritional ingredients. Snack bars provide essential nutrients to the body and are covered with glucose syrups. Snack bars act as instant and rapid sources of energy as they contain low caloric content and high nutrition in the form of iron, starch, fibre, proteins, antioxidants, phosphorus and potassium. Snack bars strengthen the bones, improve the muscle weight, boost up the immunity system and improve the digestive health of an individual.
Rising demand for protein rich snacks and growing awareness about the benefits of snack bars are the major factors fostering the growth of the snacks bars market. Changing lifestyle, westernization, rising demand for value added products, growth in the demand for healthy snacks in developing regions and ever-rising global population are other important factors acting as snacks 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 consciousness towards healthier life goals and changing tastes and preferences of consumers will further induce growth in the snacks bars market value.
However, stringent regulatory compliances imposed by the government on quality and labelling of snack bars will pose a major challenge to the growth of the snacks bars market. High costs associated with marketing of the product will further restrict the scope of growth for the snacks bars market. Growing prevalence of alternative healthy snacks will also hamper the snacks bars market growth rate.
This snacks 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 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 snacks 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.
Global Snacks Bars Market Scope and Market Size
The snacks bars market is segmented on the basis of type, distribution channel and ingredients. 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 type, the global snacks bars market is segmented into energy and nutrition bars, cereal bars, granola bars and other snack bars.
- On the basis of distribution channel, the snacks bars market is segmented into specialty stores, convenience stores, supermarkets/ hypermarkets, online stores and others.
- On the basis of ingredients, the global snacks bars market is segmented into nuts, whole grains, dried fruits and others.
Snacks Bars Market Country Level Analysis
The snacks bars market is analyses and market size, volume information is provided by country, type, distribution channel and ingredients as referenced above.
The countries covered in the snacks bars 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 snacks bars market and will continue to during the forecast period owing to the rising demand for healthy snacks. 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 rising consumer awareness about the health benefits of protein bards, globalization, westernization, changing lifestyle, and increasing personal disposable income. Also, rising product innovations by the major manufacturers will also foster the growth of the market.
The country section of the snacks bars 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 Snacks Bars Market Share Analysis
The snacks 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 snacks bars market.
The major players covered in the snacks bars 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.
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