The latest research study “Snack Bars Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global snack bar market size reached US$ 24.0 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 33.2 Billion by 2027, exhibiting a growth rate (CAGR) of 5.65% during 2022-2027.
Industry Overview and Application :
Snack bars are defined as thin, tiny, rectangular bars filled with nuts, grains, fruits, and flavourings. They have a high calorie content, dietary fibre, and bioactive substances that offer quick energy and protein. Snack bars are frequently used as a meal replacement all around the world because of their excellent nutritional value.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Snack Bar Market Trends and Drivers:
One of the primary factors driving the market is the shifting preferences of consumers from animal protein to vegan protein sources and the surging demand for convenient snacking options. Additionally, the rising number of sportsmen and athletes, and the rising health awareness among individuals, are propelling the market growth.
Besides this, due to the increasing health consciousness, several leading manufacturers have introduced snack bars with innovative flavors and ingredients, which is catalyzing the market growth.
Moreover, the launch of consumer-targeted products, rapid urbanization and the extensive research and development (R&D) activities are some of the other factors that are expected to create a positive market outlook in the upcoming years.
|Snack Bar Market Report Scope|
|Market size value in 2021||US$ 24.0 Billion|
|Market forecast in 2027||US$ 33.2 Billion|
|Growth Rate||CAGR of 5.65% from 2022 to 2027|
|Base year for estimation||2021|
Global Snack Bar Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Abbott Laboratories, Associated British Foods plc, Clif Bar & Company, General Mills Inc., Halo Foods Ltd., Mars Incorporated, Nestlé S.A., Ocado Retail Limited, PepsiCo Inc., The Hain Celestial Group Inc., The Kellogg Company and The Simply Good Foods Company.
The report has segmented the market on the basis of region, product type, ingredient and distribution channel.
Breakup by Product Type:
- Cereal Bars
- Granola/Muesli Bars
- Energy and Nutrition Bars
Breakup by Ingredient:
- Whole Grains
- Dried Fruits
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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Preface2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology3 Executive Summary4 Introduction 4.1 Overview 4.2 Key Industry Trends5 Global Snack Bar Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast