According to the latest report by IMARC Group, titled “Snack Bars Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global snack bars market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global snack bar market size reachedUS$ 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.
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
Report Coverage
Details
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
Historical data
2016-2021
Forecast period
2022-2027
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.
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
Others
Energy and Nutrition Bars
Others
Breakup by Ingredient:
Nuts
Whole Grains
Dried Fruits
Others
Market 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)
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
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.
Contact Us:
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800