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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 (2018-2028); 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 2023-2028 at a CAGR of 4.6%.

 

Global Snack Bars Market

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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: Market 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.

 

Global Snack Bars Market by Segment

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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.

 

Global Snack Bars Market by Region

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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.

 

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- Product Type, Distribution Channel, Region
Breakup by Product Type Cereal Bars, Energy Bars, Others
Breakup by Distribution Channel Supermarkets/Hypermarkets, Convenience Stores, Speciality Stores, Online, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Kellogg Company, Nestlé S.A., PepsiCo, Inc., Associated British Foods PLC, General Mills Inc., Clif Bar & Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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 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 (2018-2022) 
    8.3    Global Snack Bars Market Forecast (2023-2028)
    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 (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
            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 (2018-2022)
                    8.4.1.4.1.3    Forecast Trend (2023-2028)
                8.4.1.4.2    Others
        8.4.2    Energy Bars
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        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 (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Convenience Stores
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Speciality Stores
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2018-2022)
            8.5.3.3    Forecast Trend (2023-2028)
        8.5.4    Online
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2018-2022)
            8.5.4.3    Forecast Trend (2023-2028)
        8.5.5    Others     
    8.6    Global Snack Bars Market by Region
        8.6.1    North America
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022) 
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Europe
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022) 
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Asia Pacific
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022) 
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Latin America
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022) 
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Middle East and Africa
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022) 
            8.6.5.3    Forecast Trend (2023-2028)
9    North America Snack Bars Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Snack Bars Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Snack Bars Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Snack Bars Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Snack Bars Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    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    Buyer’s Power
        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    Value Chain Analysis
16    Price  Analysis
17    Competitive Landscape

    17.1    Market Structure
    17.2    Company Profiles
        17.2.1    Kellogg Company
            17.2.1.1    Company Overview
            17.2.1.2    Product Portfolio
            17.2.1.3    Demographic Reach and Achievements
            17.2.1.4    Certifications
        17.2.2    Nestlé S.A.
            17.2.2.1    Company Overview
            17.2.2.2    Product Portfolio
            17.2.2.3    Demographic Reach and Achievements
            17.2.2.4    Certifications
        17.2.3    Nestlé S.A.
            17.2.3.1    Company Overview
            17.2.3.2    Product Portfolio
            17.2.3.3    Demographic Reach and Achievements
            17.2.3.4    Certifications
        17.2.4    Associated British Foods PLC
            17.2.4.1    Company Overview
            17.2.4.2    Product Portfolio
            17.2.4.3    Demographic Reach and Achievements
            17.2.4.4    Certifications
        17.2.5    General Mills Inc.
            17.2.5.1    Company Overview
            17.2.5.2    Product Portfolio
            17.2.5.3    Demographic Reach and Achievements
            17.2.5.4    Certifications
        17.2.6    Clif Bar & Company
            17.2.6.1    Company Overview
            17.2.6.2    Product Portfolio
            17.2.6.3    Demographic Reach and Achievements
            17.2.6.4    Certifications
        17.2.7    Others
18    Key Trends and Developments in the Market

 

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 Key Figures and Tables

1.    Global Snack Bars Market: Key Industry Highlights, 2018 and 2028
2.    Global Snack Bars Historical Market: Breakup by Product Type (USD Million), 2018-2022
3.    Global Snack Bars Market Forecast: Breakup by Product Type (USD Million), 2023-2028
4.    Global Snack Bars Historical Market: Breakup by Distribution Channel (USD Million), 2018-2022
5.    Global Snack Bars Market Forecast: Breakup by Distribution Channel (USD Million), 2023-2028
6.    Global Snack Bars Historical Market: Breakup by Region (USD Million), 2018-2022
7.    Global Snack Bars Market Forecast: Breakup by Region (USD Million), 2023-2028
8.    North America Snack Bars Historical Market: Breakup by Country (USD Million), 2018-2022
9.    North America Snack Bars Market Forecast: Breakup by Country (USD Million), 2023-2028
10.    Europe Snack Bars Historical Market: Breakup by Country (USD Million), 2018-2022
11.    Europe Snack Bars Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Asia Pacific Snack Bars Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Asia Pacific Snack Bars Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Latin America Snack Bars Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Latin America Snack Bars Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Middle East and Africa Snack Bars Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Middle East and Africa Snack Bars Market Forecast: Breakup by Country (USD Million), 2023-2028
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 2023-2028, 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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