Food & Beverages / Snack Bars Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Mars, Mondelez International (NasdaqGS: MDLZ), The Kraft Heinz (NasdaqGS: KHC), Nestle, Hershey (NYSE: HSY)
Snack Bars Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Mars, Mondelez International (NasdaqGS: MDLZ), The Kraft Heinz (NasdaqGS: KHC), Nestle, Hershey (NYSE: HSY)
Over the next five years the Snack Barsmarket will register an 4.9% CAGR in terms of revenue, the global market size will reach USD 1.52 billion by 2027.
Snack Bars Market Overview
Snacks, such as snack bars, nuts, crisps, confectionary, and soft beverages, were deemed risk categories in the food sector during the COVID-19 pandemic, as stores shifted stock priority toward basics and necessary goods. This step was done in response to the governments of various nations imposing major lockdowns in order to prevent the virus from spreading. Consumers have been stacking long shelf-life commodities such cereals, snack bars, baking flours, and soup as of 2020, according to General Mills Inc., resulting in a stability of sales to some extent. Furthermore, the pandemic created chances for a slew of new private businesses to enter the market and meet the inflated demand.
Consumer demand for simple and healthful on-the-go snack options is projected to be the key driver of snack bar sales in the medium term. The rising consumption of snacks is a result of Americans' and Europeans' changing lifestyles, which include the consumption of smaller meals. As a result, snack bars, which are a healthy option, are becoming increasingly popular. Functional additives, decreased sugar, savory twists, and plant protein are all possibilities for snack bars. Modifications in packaging and the launch of targeted-consumer products are among the most popular market innovations.
However, the high price of these bars compared to alternative snacks is a major factor limiting the market's growth. Clean-label substances have a high customer preference, making products more expensive for consumers in economically weaker countries.
Who are the Major Players in Snack Bars Market?
The Snack Bars Market is growing at a very fast pace and has seen the focus of many local and regional vendors offering precise application products for multiple end users. The three dependencies for the status of major companies in the market are: company profile, profitable gross margin, the prices they charge. These are the main players in this market Mars, Mondelez International, The Kraft Heinz, Nestle, Meiji, Ferrero, Hershey, Lindt, Glico, Grupo Arcor, General Mills, Haribo, Lotte Food, Orion Confectionery, Kellogg's, Morinaga, Pladis Global, KIND Snacks, PepsiCo, Intersnack, Calbee, Fujian Yakefood, Want Want, Tenwow Food and others.
Industry News:
JUL 27, 2020: Nestlé launches YES! Plant Protein bars powered by nuts and peas
Nestlé is today launching a new range of its YES! snack bars, with each bar containing 10 grams of plant protein from a delicious natural combination of nuts and peas. Recent Nestlé research has shown that most people buying protein bars are now looking for more natural protein sources with no additives. Plant protein is one of the most preferred options to fuel an active lifestyle and get the most out of their busy day.
KIND and Mars Announce Next Step in Partnership to Build a Kinder World and Bring Healthy Snacks to People Worldwide
(November 17, 2020) – Mars, Incorporated, a family-owned global pet food, veterinary care, confectionery, snacking and food business, and KIND, a healthy snacking leader, today announced the next step in their strategic partnership, with Mars acquiring KIND North America.
Snack Bars Market provides details by vendors, including company total revenue (financials), company overview, market potential, global presence, his business report briefly talks about market performance of each business sector covering growth factors and sales volume. this analysis provides the This Snack Bars Market analysis report provides recent trends, granular level data covering market size and share. It provides all the recent updates about CORONA virus and its impact on world economy and human health. By getting this data, key players can obtain profit making and right business opportunities for future growth. Its further guides to increase the product demand and business expansion.
What are the major Applications, Types and Regions for Snack Bars Market?
By Type, it is segmented into
Gluten Free Protein Bars
Vegetarian Protein Bars
Others
By Applications it is segmented into
Online Sales
Offline Sales
Snack Bars Market Regional Analysis
North America leads the way in terms of market share, followed by Europe. Product demand is being boosted by an increase in the number of health-conscious people and their changing lifestyles. The availability of a wide range of flavors, as well as the tendency of eating smaller, more frequent meals as a result of a hectic lifestyle, are predicted to improve the regional market. Asia Pacific is the fastest-growing region, with India accounting for the majority of market share. The market expansion in this region is predicted to be supported by rising disposable income levels, health concerns, and improved living standards.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Snack Bars Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Snack Bars Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Snack Bars Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 4.9% during the review period (2022 to 2027).
Yes, the report can be customized as per your needs
Key Takeaways from this Snack Bars Report
Evaluate Snack Bars market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Snack Bars market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
Frequently Asked Questions
What is the study period of this market?
The Snack Bars Market is studied from 2017 - 2027.
What is the growth rate of Snack Bars Market?
The Snack Bars Market is growing at a CAGR of 4.9% over the next 5 years.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
