Snack Bar Market Size 2022-27, Top Companies Overview, Share, Growth, Industry Report, Trends and Forecast Analysis
According to the latest report by IMARC Group, titled “Global Snack Bar Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global snack bar market reached a value of US$ XX Billion in 2021. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2022-2027.
Covid-19 Impact:
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 bars refer to light-weight, rectangular and small bars consisting of nuts, cereals, fruits, and flavored ingredients. They contain bioactive compounds, dietary fibers and high-calorie content, and provide instant energy and protein. Due to their high nutritional value, snack bars are widely consumed as a meal replacement worldwide.
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.
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| Snack Bar Market Report Scope | |
| Report Coverage | Details |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | product type, ingredient and distribution channel |
| Regional scope | North America, Europe, Asia-Pacific, Europe, Latin America, Middle East and Africa |
| Key companies profiled | 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. |
| Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
| Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Global Snack Bar Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- 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
- The Simply Good Foods Company
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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
- Others
- Energy and Nutrition Bars
- Others
Breakup by Ingredient:
- Nuts
- Whole Grains
- Dried Fruits
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
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.
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