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Global Snack Bars Market: By Product Type: Cereal Bars, Energy Bars, Others; By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Speciality Stores, Online, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Snack Bars Market Outlook
The global snack bars market is expected to grow in the forecast period of 2021-2026 at a CAGR of 4.6%.
The Trend of Healthy Snacking Bolstering the Market Growth of Snack Bars
The rising demand for whole-grain snack bars that can offer essential nutritional benefits is propelling the market growth. As healthy snack bars may lack flavour owing to the low amount of sugar, manufacturers are increasingly incorporating healthy sweeteners such as honey, sugar alcohol, and xylitol, among others, to enhance their flavour and nutritional component, which is consequently augmenting the market growth. Furthermore, the use of dried fruits such as almonds and walnuts owing to their nutritional benefits while providing distinct texture, flavour, and mouthfeel to snack bars is significantly contributing to the industry growth.
As the demand for convenience food is significantly surging, the demand for snack bars as a substitute for traditional meals is growing, which is propelling the market growth. Moreover, the rising health consciousness, especially among the millennial and Gen-Z population, is surging the demand for protein bars as a substitute for high protein meals. The growing popularity of various food-related trends due to the immense prevalence of social media is increasing the inclination towards protein-rich snacks such as protein bars, therefore invigorating the industry growth. In addition, the trend of healthy snacking owing to the prevalence of various health-related issues is increasing the demand for cereal bars, therefore bolstering the growth of the snack bars industry.
Snack Bars: Industry Definition and Segmentation
Snack bars are bars that can be consumed as a snack. They contain various nutritional elements and offer a substitute for traditional meals. Snack bars are increasingly preferred by the working population with hectic lifestyles as they can be consumed conveniently. Snack bars such as protein bars are extensively consumed among the health-conscious population.
The major product types of snack bars are:
- Cereal Bars
- Granola/Muesli Bars
- Others
- Energy Bars
- Others
The market can be broadly categorised on the basis of its distribution channels into:
- Supermarkets/Hypermarkets
- Convenience Stores
- Speciality Stores
- Online
- Others
The EMR report looks into the regional markets of snack bars like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Rising Demand for Snack Bars with Diverse and Innovative Flavours to Boost the Growth of the Snack Bars Industry
The amalgamation of diverse flavours in snack bars to appeal to the evolving consumer preferences is augmenting the growth of the snack bars industry. The trend of clean label food products owing to increasing environmental and health consciousness, is escalating the demand for transparent snack bars, which is anticipated to propel the market growth. In addition, increasing research and development (R&D) activities by the leading companies to incorporate emerging ingredients and flavours in snack bars is projected to invigorate the growth of the snack bars industry. The growing demand for vegetable-based snack bars that can provide flavour and texture of animal-based products owing to the rising vegan population is estimated to aid the industry growth in the forecast period.
The easy availability of diverse snack bars owing to the expansion of distribution channels is aiding the market growth. The expansion of retail outlets such as speciality and convenience stores in emerging economies such as India, Brazil, and Mexico, is increasing the accessibility to snack bars. As the trend of snacking accelerated during the onset of the COVID-19 pandemic, the demand for healthier products owing to the rising prevalence of conscious indulgent movement is leading to the shift towards healthy snacking options. Moreover, the growing interest in snack bars offering energy-boosting and calming ingredients owing to the rising focus on holistic wellbeing is expected to boost the market growth of snack bars.
Key Industry Players in the Global Snack Bars Market
The report presents a detailed analysis of the following key players in the global snack bars market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Kellogg Company
- Nestlé S.A.
- PepsiCo, Inc.
- Associated British Foods PLC
- General Mills Inc.
- Clif Bar & Company
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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 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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Snack Bars Market Analysis
8.1 Key Industry Highlights
8.2 Global Snack Bars Historical Market (2016-2020)
8.3 Global Snack Bars Market Forecast (2021-2026)
8.4 Global Snack Bars Market by Product Type
8.4.1 Cereal Bars
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.1.4 Breakup by Type
8.4.1.4.1 Granola/Muesli Bars
8.4.1.4.1.1 Market Share
8.4.1.4.1.2 Historical Trend (2016-2020)
8.4.1.4.1.3 Forecast Trend (2021-2026)
8.4.1.4.2 Others
8.4.2 Energy Bars
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Others
8.5 Global Snack Bars Market by Distribution Channel
8.5.1 Supermarkets/Hypermarkets
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Convenience Stores
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Speciality Stores
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Online
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Others
8.6 Global Snack Bars Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Kellogg Company
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Nestlé S.A.
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 PepsiCo, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Associated British Foods PLC
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 General Mills Inc.
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Clif Bar & Company
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Others
14 Industry Events and Developments
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Figures and Tables
1. Global Snack Bars Market: Key Industry Highlights, 2016 and 2026
2. Global Snack Bars Historical Market: Breakup by Product Type (USD Million), 2016-2020
3. Global Snack Bars Market Forecast: Breakup by Product Type (USD Million), 2021-2026
4. Global Snack Bars Historical Market: Breakup by Distribution Channel (USD Million), 2016-2020
5. Global Snack Bars Market Forecast: Breakup by Distribution Channel (USD Million), 2021-2026
6. Global Snack Bars Historical Market: Breakup by Region (USD Million), 2016-2020
7. Global Snack Bars Market Forecast: Breakup by Region (USD Million), 2021-2026
8. North America Snack Bars Historical Market: Breakup by Country (USD Million), 2016-2020
9. North America Snack Bars Market Forecast: Breakup by Country (USD Million), 2021-2026
10. Europe Snack Bars Historical Market: Breakup by Country (USD Million), 2016-2020
11. Europe Snack Bars Market Forecast: Breakup by Country (USD Million), 2021-2026
12. Asia Pacific Snack Bars Historical Market: Breakup by Country (USD Million), 2016-2020
13. Asia Pacific Snack Bars Market Forecast: Breakup by Country (USD Million), 2021-2026
14. Latin America Snack Bars Historical Market: Breakup by Country (USD Million), 2016-2020
15. Latin America Snack Bars Market Forecast: Breakup by Country (USD Million), 2021-2026
16. Middle East and Africa Snack Bars Historical Market: Breakup by Country (USD Million), 2016-2020
17. Middle East and Africa Snack Bars Market Forecast: Breakup by Country (USD Million), 2021-2026
18. Global Snack Bars Market Structure
Key Questions Answered in the Report
The global snack bars market is projected to grow at a CAGR of 4.6% between 2021 and 2026.
The market is being driven by the rising demand for healthy snack bars and the incorporation of dried fruits and healthy sweeteners in snack bars to enhance their nutritional components and functionality.
The industry is expected to be aided by the trend of clean label products, the easy availability of diverse snack bars, and the increasing research and development (R&D) activities by the leading companies.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major product types of snack bars in the industry are cereal bars and energy bars, among others.
The significant distribution channels in the market are supermarkets/hypermarkets, convenience stores, speciality stores, and online, among others.
The major players in the industry are Kellogg Company, Nestlé S.A., PepsiCo, Inc., Associated British Foods PLC, General Mills Inc., and Clif Bar & Company, among others.
Analyst Review
The global snack bars market is driven by the rising demand for healthy snack bars. Aided by the trend of clean label products and the expansion of distribution channel, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 4.6%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its product types, the snack bars industry can be segmented into cereal bars and energy bars, among others. On the basis of distribution channels, the industry is divided into supermarkets/hypermarkets, convenience stores, speciality stores, and online, among others. The major regional markets for snack bars are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Kellogg Company, Nestlé S.A., PepsiCo, Inc., Associated British Foods PLC, General Mills Inc., and Clif Bar & Company, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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