As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
North America is one of the leading regions in the global cereal bars market, driven by the presence of the major key players in the region. The Asia Pacific is also a significant emerging market for cereal bars and is projected to experience a robust growth in the forecast period. The market in the regions is expected to be driven by rising demand for convenient and healthy snack food due to the increasingly busy lifestyles of the consumers.
The growing consumption of cereal bars is attributed to the growth in the granola and nutrition bar product segment. The increasing health awareness and purchasing power parity and growth in dry fruit snacks consumption have also fuelled the market growth for cereal bar. This has led to high competition amongst manufacturers, which has resulted in the innovation and development of cereal bars across different price ranges. Cereal bar producers are offering several custom-made products that are not only nutritious and health-friendly, but delicious too. Over the years, cereal bars made from granola and muesli have experienced a substantial growth due to their flavour, nutritive value, and functionality. Currently, the COVID-19 pandemic induced lockdown across the globe has also aided the market growth in some segments as people are stocking up on essentials and snack items. PepsiCo (NASDAQ: PEP), one of the key players in the industry, have reported surges in their snack and breakfast segments post the lockdown, which is influencing the global cereal bars market positively.
Market Analysis by Product, Distribution Channel, and Region:
Key Findings of the Report:
Key Offerings of the Report:
The key players in the global cereal bars market include PepsiCo, Inc., Kellogg Co., General Mills, Clif Bar & Company, Freedom Nutritional Products Limited (Arrovest Pty. Ltd.), Yoga Bar, Kind LLC, NuGo Nutrition, and others. The report renders a detailed analysis of the above key players in the global market for cereal bars, examining their capacity, market shares, and the latest developments such as capacity expansion, plant turnarounds, and mergers and acquisitions.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.