Global Snack Bar Market 2021 is expected to register a CAGR of 6.7%, during forecast period with Impact of Covid 19 Analysis

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Global “Snack Bar Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Snack Bar in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Snack Bar Market report categorizes the market based on manufacturers, regions, type, and application. Snack Bar Market reports offer a detailed assessment of the Snack Bar including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Snack Bar market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Snack bars Market Insights

With an increasing awareness among consumers on healthy eating, snack bars have become immensely popular replacing chocolates, cakes, and biscuits as the go-to snacks. Snack bars manufacturers are introducing the health aspect into their products regarding the protein and fiber content. The global snack bars market is estimated to register a CAGR of 6.7% during the forecast period. The category fared well despite the economic recession as they are considered as affordable comfort food.
Mars, the privately held company best known for its confectionary brands like M&M’s and Snickers, announced on November 29, 2017 that it will buy a minority stake in Kind, the maker of wildly popular snack bars. The investment could lead to Mars eventually buying all of Kind in the future, based on its history with similar investments; marks the latest effort by a legacy food giant to follow consumers’ healthier eating habits.

Healthy Snack Bar Driving the Market

Snack bars brands have been very responsive to consumer trends such as demand for nutritious snacks containing fiber, Functional snacks, low-carb snacks, protein fortified snacks and offering satiety. Snack bars with fortified functional ingredients are about to see notable demand. Snack bars have also responded to diet trends such as gluten-free and Paleo diets, and as such launches of grain-free and even meat-based snack bars have increased. The sugar content of snack bars is likely to be increasingly scrutinized by health-conscious consumers and is a constraint for the category. These snack bars are the inexpensive source of nutrition which has resulted in the replacement of other traditional foods. The rising demand for ready-to-eat (RTE) food is expected to be a major factor in influencing snack bar market growth in near future. Hectic lifestyle of the working middle-class population has increased the consumption of cereal bars as snacks between meals.
Ample availability of substitute nutritional foods is expected to hinder the market growth.

Granola Holds Major Market Share

The snack bar market is segmented based on type and distribution channel. There are various products available as snack bars such as breakfast bars, energy bars, fruit bars, granola, nutritional bars and others. However, among all the available options, granola bars accounted for the highest sales followed by breakfast/cereal bars. The sales for granola bar increased by 3.8% in 2016, and they make up for three- fifths of the snack bars market. Fruit-based snack bars such as Nakd in the UK and Cactus in Scandinavia are playing a big role in this category. %.This format utilizes fruit as binder and sweetener agent, enabling the snack bars to make “no added sugar” claims which resonate with an increasingly sugar-wary consumer. Nutrition bar market grew 34% reaching 2.2 billion USD and had a market share of 39.6.The performance bar segment has seen an increase in demand for less processed protein source. As a result, snack bars containing organic whey protein have emerged. There is an increase in the use of plant-based protein sources like soy, rice pea, and hemp. The overall rise in the trend of snacking between meals makes snack bars an extremely viable option.

North America Leading at the Regional Front

The US remains the largest market for snack bars with the highest sales accounting for 42% of the global sales. North America was the largest regional market for snack bars in 2013. Asia-Pacific has witnessed a strong growth over the past few years on account of increasing household income. India and China are two leading markets in Asia- Pacific region, responsible for triggering the market growth. The rise in the living standards of the middle class population is expected to result in increasing demand. Japan and the UK are the other significant markets accounting for a 35% cumulatively. Snack foods are the best options for consumers who prefer on-the-go breakfast and who would be interested in portable and convenient snacking options.

Competitive Landscape

Major players – CLIF BAR, CONCORD FOODS, FIBER ONE, FRANK FOOD COMPANY, GENERAL MILLS, KELLOGG, KIND SNACKS, LUNA BAR, NAKD FOODS, NATURAL BALANCE FOODS, NATURE VALLEY and QUAKER, among others.

The global snack bar market is a fragmented market consisting of many small and large players worldwide. Quest brand has performed very well in the nutritional bars segment, and it has grown 450% by distribution gains and strong sales in the existing channels. The sales of Nature Valley protein bars grew by 10% in both value and volume.

Reasons to Purchase this Report

• Analyzing outlook of the market with the recent trends and Porters five forces analysis
• Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
• Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
• Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
• Comprehensive company profiles covering the product offerings, key financial information,

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The global Snack Bar market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Snack Bar Market Report covers the Top Key-players in 2021:-

  • Clif Bar
  • Concord Foods
  • Fiber One
  • Frank Food Company
  • General Mills
  • Kellogg
  • KIND Snacks
  • Luna Bar
  • Nakd foods
  • Natural Balance Foods
  • Nature Valley
  • Quaker

Highlighted points of Snack Bar Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Snack Bar Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Snack Bar? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Snack Bar Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Snack Bar Market? What Was Capacity, Production Value, Cost and PROFIT of Snack Bar Market?
  • What Is Current Market Status of Snack Bar Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Snack Bar Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Snack Bar Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Snack Bar Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Snack Bar Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Snack Bar Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Snack Bar Industry?

Key Developments in the Snack Bar Market:

  • Major developments in 2017 covered in the report
  • And the latest major developments in 2018 covered in the report

    Reasons to Purchase this Report

  • Analyzing outlook of the market with the recent trends and Porters five forces analysis
  • Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis, including qualitative & quantitative research incorporating the impact of economic & non-economic aspects
  • Regional and Country level analysis integrating the demand and supply forces that are influencing the growth of the market
  • Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in excel)

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    Finally, the report Global Snack Bar Market 2021 describes the Snack Bar industry expansion game plan, the Snack Bar industry knowledge supply, appendix, analysis findings, and the conclusion.

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