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Chile Protein Bars Market Growth, Analysis, Size, Forecast: By Source: Plant-based Protein Bar, Animal-based Protein Bar; By Type: Sports Nutritional Bars, Meal-Replacement Bars, Snack Bars, Others; By Protein Content; By Distribution Channel; Market Dynamics; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Chile Protein Bars Market Outlook
The Chile protein bars market size reached a value of approximately USD 30 million in 2022. The market is assessed to grow at a CAGR of 5.40% between 2023 and 2028 to attain a value of around USD 41 million by 2028.
Key Trends in the Market
Protein bars refer to nutritional bars that contain an optimised amount of protein. They are aimed at increasing protein intake and are typically consumed as healthy snacking options and substitutes for conventional chocolate bars. Such bars are also popular as post-workout meals, and they are designed to increase muscle mass and stimulate weight loss.
- The Chile protein bars market is being aided by the increasing number of consumers with hectic lifestyles, the surging demand for on-the-go food products, and the growing trend of healthy snacking. The rising awareness regarding the nutritional benefits and convenience of protein bars is boosting their consumption.
- Consumers in the country are seeking foods that can assist in their well-being and exercise goals, hence the demand for protein bars as functional foods is increasing. In addition, there is a growing consumer preference for protein bars that do not contain additional refined sugars, artificial colours, allergens, and additives, among others.
- Key players in the Chile protein bars market are innovating their products and packaging to enhance their appeal among consumers. The flavour innovations, increasing launches of protein bars containing natural sweeteners and probiotics, and the use of recyclable and environmentally friendly materials in packaging can be observed.
Market Analysis
Based on source, the market is segmented into plant-based protein bar and animal-based protein bar. On the basis of type, the market can be divided into sports nutritional bars, meal-replacement bars, and snack bars, among others.
By protein content, the market is categorised into low protein (0-15 grams) bar, medium protein (16-25 grams) bar, and high protein (above 25 grams) bar. The various distribution channels in the market are supermarkets and hypermarkets, convenience stores, specialist retail stores, and online, among others.
The comprehensive EMR report provides an in-depth assessment of the market based on the 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 protein bars market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- General Mills, Inc.
- Mars, Incorporated
- The Kellogg Company
- The Wild Protein
- Fair Foods
- Nutracom SA (Your Goal)
- Nutrifarm Sp. z o.o (Olimp)
- Quest Nutrition
- Others
Market Share by Source
Animal-based protein bars account for a significant share in the Chile protein bars market due to the increased attempts by customers to incorporate protein into their diets and the rising demand for premium bars containing high-quality protein. The development of innovative animal-based protein bars with improved texture and extended shelf stability is aiding the market.
Meanwhile, with the increasing vegan population, plant-based protein bars are also gaining traction as they contain a variety of grains and dried fruits, have excellent nutritional profiles, and provide clean-labelled benefits. Vegan protein bars are increasingly available in diverse textures and flavours and are dairy-free and gluten-free, which is boosting their preference among customers with allergies or dietary restrictions.
Market Share by Type
Meal-replacement bars provide enhanced convenience and calorie control; hence they are preferred by consumers with hectic lifestyles. As nutritionists recommend meal-replacement bars as a component of an effective weight loss regimen and healthy diet, their preference to reduce the consumption of fast food is likely to surge in the forecast period.
Meanwhile, the snack bars segment of the Chile protein bars market is being aided by the growing reputation of protein bars as a suitable snacking option with innovative flavours like peanut butter, almond, and chocolate, among others.
There is a growing demand for meal-replacement, sports nutritional, and snack bars containing high protein content, low amounts of sugar, natural ingredients, and fortified minerals and vitamins. In addition to this, the surging sales of such bars via e-commerce channels are positively influencing the market.
Competitive Landscape
General Mills, Inc. is a company that manufactures and markets food products in over 100 countries. The company owns more than 100 brands in the snacks, wholesome natural pet food, convenient meals, yoghurt, baking mixes, and super-premium ice cream segments. The company’s primary customers include natural food chains, mass merchandisers, e-commerce retailers, and grocery stores, among others.
Mars, Incorporated, established in 1911, is a leading food company that operates in pet, health and wellbeing, and packaged food segments. Some of the popular brands of the company include Skittles, Pedigree, Snickers, and Wrigley, among others. It aims to reach zero-carbon net emissions by 2050 as part of its sustainability agenda.
The Wild Protein is a manufacturer of affordable protein-rich snacks, which is headquartered in Maryland, the United States. The company’s products are transparent, and it aims to produce high-quality and delicious health-based goods at affordable prices. Moreover, its products are free of sugar, artificial preservatives and colourants, additives, lactose, and gluten.
Other major players in the Chile protein bars market include The Kellogg Company, Fair Foods, Nutracom SA (Your Goal), Nutrifarm Sp. z o.o (Olimp), and Quest Nutrition, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Source |
|
| Breakup by Type |
|
| Breakup by Protein Content |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*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.
1 Preface
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
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Protein Bars Market Analysis
8.1 Key Industry Highlights
8.2 Latin America Protein Bars Historical Market (2018-2022)
8.3 Latin America Protein Bars Market Forecast (2023-2028)
8.4 Latin America Protein Bars Market Share by Country
8.4.1 Brazil
8.4.2 Argentina
8.4.3 Mexico
8.4.4 Chile
8.4.5 Colombia
8.4.6 Others
9 Chile Protein Bars Market Overview
9.1 Key Industry Highlights
9.2 Chile Protein Bars Historical Market (2018-2022)
9.3 Chile Protein Bars Market Forecast (2023-2028)
10 Chile Protein Bars Market by Source
10.1 Plant-based Protein Bar
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Animal-based Protein Bar
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Chile Protein Bars Market by Type
11.1 Sports Nutritional Bars
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Meal-Replacement Bars
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Snack Bars
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Others
12 Chile Protein Bars Market by Protein Content
12.1 Low Protein (0-15 grams) Bar
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Medium Protein (16-25 grams) Bar
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 High Protein (Above 25 grams) Bar
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
13 Chile Protein Bars Market by Distribution Channel
13.1 Supermarkets and Hypermarkets
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 Convenience Stores
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Specialist Retail Stores
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 Online
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Key Company Profiles
15.2.1 General Mills, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Mars, Incorporated
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The Kellogg Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 The Wild Protein
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Fair Foods
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Nutracom SA (Your Goal)
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Nutrifarm Sp. z o.o (Olimp)
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Quest Nutrition
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Protein Bars Market: Key Industry Highlights, 2018 and 2028
2. Chile Protein Bars Market: Key Industry Highlights, 2018 and 2028
3. Chile Protein Bars Historical Market: Breakup by Source (USD Million), 2018-2022
4. Chile Protein Bars Market Forecast: Breakup by Source (USD Million), 2023-2028
5. Chile Protein Bars Historical Market: Breakup by Type (USD Million), 2018-2022
6. Chile Protein Bars Market Forecast: Breakup by Type (USD Million), 2023-2028
7. Chile Protein Bars Historical Market: Breakup by Protein Content (USD Million), 2018-2022
8. Chile Protein Bars Market Forecast: Breakup by Protein Content (USD Million), 2023-2028
9. Chile Protein Bars Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
10. Chile Protein Bars Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
11. Chile Protein Bars Market Structure
Key Questions Answered in the Report
In 2022, the market attained a value of nearly USD 30 million.
The market is estimated to grow at a CAGR of 5.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about USD 41 million by 2028.
The major market drivers are the surging fitness and health consciousness, the increasing demand for meal-replacement bars, and the rising preference for on-the-go food products.
The growing demand for functional foods and the increasing preference for sugar-free and gluten-free protein bars are the key trends supporting the market development.
The various sources of the product included in the market report are plant-based protein bars and animal-based protein bars.
Protein bars are excellent and convenient sources of protein, fibre, and other essential nutrients, and they support post and pre-workout, increase the energy level of consumers, and boost their metabolism. They are easily available and portable and are extensively used as ideal meal replacements.
The different types of protein bars in the market are sports nutritional bars, meal-replacement bars, and snack bars, among others.
The significant distribution channels in the market are supermarkets and hypermarkets, convenience stores, specialist retail stores, and online, among others.
The major players in the market are General Mills, Inc., Mars, Incorporated, The Kellogg Company, The Wild Protein, Fair Foods, Nutracom SA (Your Goal), Nutrifarm Sp. z o.o (Olimp), and Quest Nutrition, among others.
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