The Chile cereal bars market size reached a value of approximately USD 82.1 million in 2022. The market is assessed to grow at a CAGR of 3.90% between 2023 and 2028, reaching a value of nearly USD 102.9 million by 2028.
A cereal bar is a type of snack that consists of breakfast cereal compressed into a bar shape and held together using an edible adhesive. These bars are a healthier alternative to traditional snacks as they are full of whole grains, nuts, seeds, and dried fruits, providing essential nutrients and energy.
Based on product, the market is segmented into snack bars and energy and nutrition bars, among others. On the basis of flavour, the market can be divided into caramel, chocolate, banana, and strawberry, among others. The market, based on distribution channels, is segmented into supermarkets and hypermarkets, convenience stores, and online stores, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Chile cereal bar market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.
Energy and nutrition bars are experiencing a surge in demand in the Chilean market. The increasingly busy lifestyle of the working class has made them more aware of the need to maintain their health. This has created a paradigm shift in consumer preferences towards healthier alternatives to snacks that can aid them in meeting their daily nutritional needs, hence aiding the Chile cereal bars market demand.
The increased health concerns have also provided new opportunities for manufacturers to introduce new snacks and cereal bars that are made of natural ingredients, fortified with vitamins, and have additional beneficial ingredients such as fibre or protein.
In the Chile cereal bars market, the chocolate cereal bar segment is likely to hold a major share. Chocolate is one of the most popular flavours in the country and it is widely accepted by most age groups. The rising demand for indulgent and healthy snacking options is also driving the consumption of chocolate cereal bars with reduced sugar claims.
Moreover, companies in the country are introducing chocolate cereal bars mixed with nuts and berries to further amplify the taste and nutritional value of the product while attracting new consumers.
The Wild Foods is a Chilean company operating in the sectors of protein, energy and snack bars and it is one of the key players in the Chile cereal bars market. It is a certified B company, which shows its focus on meeting economic profitability while maintaining social and environmental sustainability. The company has developed a wide array of nutritional products and snacks that are widely consumed all around the country.
Grupo Bimbo, S.A.B. de C.V. is a Mexican multinational company that operates in the food processing sector. The company was founded in the year of 1945. The company owns numerous brands, including Bimbo, Nutrella, Entenmann’s, and Rainbo, among others. It has developed a wide array of products including sliced breads, snacks, cookies, rolls and buns, and packaged goods, among others.
Nestlé S.A. is a Switzerland-based multinational food and drink processing company processing conglomerate, founded in 1866. It is one of the world’s largest publicly held food companies. The company owns multiple leading food brands, including Nespresso, Nescafe, KitKat, and Smarties. It has expertise in a wide variety of products such as baby food, coffee, dairy products, snacks, breakfast cereals, pet foods, and confectionaries, among others.
Other market players include Mondelez International, Inc, General Mills, Inc., The Kellogg Company, and Carozzi Corp, among others.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Product||
|Breakup by Flavour||
|Breakup by Distribution Channel||
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Latin America Cereal Bars Market Overview
8.1 Key Industry Highlights
8.2 Latin America Cereal Bars Historical Market (2018-2022)
8.3 Latin America Cereal Bars Market Forecast (2023-2028)
8.4 Latin America Cereal Bars Market Share by Country
9 Chile Cereal Bars Market Overview
9.1 Key Industry Highlights
9.2 Chile Cereal Bars Historical Market (2018-2022)
9.3 Chile Cereal Bars Market Forecast (2023-2028)
10 Chile Cereal Bars Market by Product
10.1 Snacks Bars
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Energy and Nutrition Bars
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Chile Cereal Bars Market by Flavour
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
12 Chile Cereal Bars Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Convenience Stores
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Online Stores
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
13 Market Dynamics
13.1 SWOT Analysis
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Market Share by Major Brands
14.3 Company Profiles
14.3.1 The Wild Foods
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.3.2 Grupo Bimbo, S.A.B. de C.V.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.3.3 Nestlé S.A.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.3.4 Mondelez International, Inc
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.3.5 General Mills, Inc.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
14.3.6 The Kellogg Company
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
14.3.7 Carozzi Corp
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Cereal Bars Market: Key Industry Highlights, 2018 and 2028
2. Chile Cereal Bars Market: Key Industry Highlights, 2018 and 2028
3. Chile Cereal Bars Historical Market: Breakup by Product (USD Million), 2018-2022
4. Chile Cereal Bars Market Forecast: Breakup by Product (USD Million), 2023-2028
5. Chile Cereal Bars Historical Market: Breakup by Flavour (USD Million), 2018-2022
6. Chile Cereal Bars Market Forecast: Breakup by Flavour (USD Million), 2023-2028
7. Chile Cereal Bars Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
8. Chile Cereal Bars Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
9. Chile Cereal Bars Market Structure
The market reached an estimated value of USD 82.1 million in 2022.
The market is anticipated to grow at a CAGR of 3.90% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period to reach a value of nearly USD 102.9 million by 2028.
The market is primarily driven by the rising demand for fortified snack options and the growing awareness of healthy food options.
The key trends propelling the Chilean market are the growing trend of snacking, the rising popularity of chocolate cereal bars, and the increasing flavour innovations by key players.
The major products considered in the market report are snack bars and energy and nutrition bars, among others.
The different segments based on the flavours of the product include caramel, chocolate, banana, and strawberry, among others.
The various distribution channels in the market are supermarkets and hypermarkets, convenience stores, and online stores, among others.
The key Chile cereal bar market players include The Wild Foods, Grupo Bimbo, S.A.B. de C.V., Nestlé S.A., Mondelez International, Inc, General Mills, Inc., The Kellogg Company, and Carozzi Corp, among others.
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