The global聽snack bars market聽size is projected to reach USD聽31.60聽billion by 2025 expanding at a CAGR of 6.64% from 2019 to 2025, according to a new report by Grand View Research, Inc. Changing consumer lifestyles and food patterns are expected to drive the demand for convenient food products, such as snacks bar. The richness of fiber and iron in granolamuesli bars has made it the dominant product segment of the global market. Whereas, increasing awareness about the health benefits offered by energy and nutrition bars lists it as the fastest-growing product segment.
Supermarketshypermarkets hold the dominant market share as these stores have a variety of products at discounted prices. However Robert Suarez World Baseball Classic Jersey , the online distribution channel is projected to emerge as the fastest-growing segment over the forecast period. Developed countries, such as U.S, Japan, and China, have well-established markets for healthy bars. On the other hand Omar Bencomo World Baseball Classic Jersey , emerging countries like India can offer new growth opportunities for the global market. Increasing population and awareness regarding health and fitness programs is also likely to boost the market.
Business expansions and product launches are the major strategies adopted by key companies in this market. For instance, a Russian company called Bio Food Lab will expand its business in emerging countries of APAC. Kellogg鈥檚 launched special K-bars. Availability of substitutes of these nutritious foods in the market may have a negative impact on the market growth. North America is the dominant regional market followed by Europe.
Asia Pacific is said to be the fastest-growing region due to rising popularity of sports as career option and increasing disposable income and number of nuclear families in the region. Companies such as Quaker Oats, Kellogg鈥檚, Nature Valley have a prominent share in the market Manufactures are focusing upon improving a variety of snack bars. The merger of KIND Bars with Mars; a prominent player in the market, has increased its presence of these products to drive the product variety in the market.
Access Research Report of聽Snack Bars Market@聽 Further key findings from the study suggest:
North America led the global snack bars market in 2018. The region is said to maintain its dominance over the forecast years due to the strong presence of prominent companies Asia Pacific it is expected to witness the fastest market growth from 2019 to 2025 due to increasing health consciousness and product awareness in emerging economies like India The industry is highly competitive. Key companies including Nature Valley Miguel Cabrera World Baseball Classic Jersey , Kellogg鈥檚, Alpen And Jordan, Quaker Oats, Kind Bars, Cliff Bars Martin Prado World Baseball Classic Jersey , Earnest Eats, Mars, Oriole Healthy Foods, And the Hain Celestial Group Grand View Research has segmented the global snack bars market on the basis of product, distribution channel Martin Perez World Baseball Classic Jersey , and region: Snack Bars Product Outlook (Revenue, USD Billion, 2015 – 2025)
Breakfast GranolaMuesli Fruit Energy and Nutrition Others Snack Bars Distribution Channel Outlook (Revenue, USD Billion, 2015 – 2025)
North America Europe Asia Pacific Central & South America Middle East & Africa About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The聽company provides syndicated research reports, customized research reports Jose Castillo World Baseball Classic Jersey , and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Posted On : Oct-30-2018 | seen (176) times | Article Word Count : 475 |
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