Registering a CAGR of 6.2% over the forecast period of 2022-2027, the global protein bars market is anticipated to reach the market value of US$ 2308.4 million in the year 2027 from US$ 1502 million in the year 2022.
The protein bar market is being driven by rising demand for convenience foods. Athletes aren't the only ones who buy it; individuals who want a healthy dinner without the hassle of cooking are also big fans. Protein bars are popular among consumers for a variety of reasons, including weight loss, muscle gain, and increased energy.
Usually, protein bars are targeted to the people who want a genuine source of protein which doesn’t require preparation. Generally, energy bars provide the calories in the form of carbohydrate. However, meal replacement bars are created with a purpose of replacing the variety of nutrients in a meal. In the year 2017, consumption market for the protein bars was led by the US with a market share of above 60%.
One of the primary factors driving innovation in the food and beverage industry is continuously changing consumer tastes. Currently, current trends show that demand for nutrition bars will expand at a remarkable rate in the next years, owing to the constant rise in the number of health-conscious people around the world, as well as growing knowledge of the benefits of nutrition bars. Because of the fast-paced lifestyle, particularly in urban areas around the world, an increasing number of customers are turning to on-the-go goods to meet their nutritional needs. As a result, nutrition bars have become increasingly popular in recent years.
Top Key Players in the Protein Bars Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Protein Bars Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report include General Mills Inc. (Minnesota, U.S.), Amway Corp. (Michigan, U.S.), POST HOLDINGS Inc. (Missouri, U.S.), Premier Nutrition Corporation (Emeryville, U.S.), Mondelez International Inc. (Illinois, U.S.), The Nature's Bounty Co. (New York, U.S.), The Simply Good Foods Company (Colorado, U.S.), Mars Incorporated (Virginia, U.S.), Glanbia Plc. (Kilkenny, Ireland), Clif Bar & Company (California, U.S.), The Kellogg's Company (Michigan, U.S.), and others.
Global Protein Bars Market research provides detailed Analytical Insights of global market size, regional and country-level scope, segmentation wise growth, global share, Competition Scenario, sales analysis, impact global market players on domestic players, value chain optimization, trade regulations, Latest developments, future opportunities, product launches, expanding marketplaces, and New technological innovations.
Recently, Nestle released a pea protein bar that is a brand-new variety of its YES snack bars. This snack bar incorporates 10g of protein and it's far a mixture of nuts and peas. Which is likewise excessive in fibre and not using a synthetic hues or preservatives, gluten-free, and appropriate for vegetarians. These snacks are to be had in exceptional flavors which include Almond, Peanut, and Double Dark Chocolate and Cashew, Blueberry, and Dark Chocolate
Post Holdings Inc expanded its reach of Premier Protein’s brand snack bar in convenience stores of the United Kingdom, in order, to increase its customer base.
General Mills released Nature Valley Wafer Bars, LÄRABAR plant-primarily based totally Protein bars, and EPIC Provisions Rise & Grind morning-stimulated bars.
Nordic wellness company an international leader received Func Food in health drink Celsius Holding Inc. This acquisition will assist in increasing the organisation's drink & bar enterprise withinside the Swedish market.
By Type, Protein Bars Market has been segmented into
Medium protein bars held almost 50% market share of the protein bar market in the year 2017. There is still lot of scope in the development of protein bars as the product is still in the development stage.
By Applications, Protein Bars Market has been segmented into,
Pro/amateur athletes and bodybuilders account for close to 90% of total downstream consumption of protein bars globally.
The report offers an in-depth assessment of the growth and other aspects of the Protein Bars Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The protein bar marketplace in North America is nearly in a saturating phase, while the ones in Europe and Asia-Pacific are selecting up-tempo in each manufacturing and consumption. Europe had about 20% of the percentage withinside the protein bar marketplace withinside the last few years. Healthy snacks and meals dietary supplements are at the rise, with a high-protein bar logo demonstrating large achievement withinside the United Kingdom and China. Natural and non-GMO protein bars are anticipated to end up the best-promoting healthful protein bar withinside the European and Asia-Pacific markets. The have an effect on of Asia is growing withinside the protein bar marketplace, with growing capacity and product innovation in China, India, and different countries
Protein Bars Market highlights the potential growth opportunities in upcoming years while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Protein Bars Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Forecast Period 2022 to 2027 CAGR
CAGR of 6.2 % over the forecast period (2022-2027)
General Mills Inc. (Minnesota, U.S.), Amway Corp. (Michigan, U.S.), POST HOLDINGS Inc. (Missouri, U.S.), Premier Nutrition Corporation (Emeryville, U.S.), Mondelez International Inc. (Illinois, U.S.), The Nature's Bounty Co. (New York, U.S.), The Simply Good Foods Company (Colorado, U.S.), Mars Incorporated (Virginia, U.S.), Glanbia Plc. (Kilkenny, Ireland), Clif Bar & Company (California, U.S.), The Kellogg's Company (Michigan, U.S.),
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
How do you conduct primary research interviews?
We use tools such as video conferences, telephone calls, face-to-face interviews, and questionnaires with key respondents.
What if the report I want is not listed in the repository of your reports?
Market Insights Reports has a repository of reports on various industry verticals and not all of them have been listed on the website. Please contact our sales team with your requirements.
Who are the key players in Protein Bars Market?
General Mills Inc. (Minnesota, U.S.), Amway Corp. (Michigan, U.S.), POST HOLDINGS Inc. (Missouri, U.S.), Premier Nutrition Corporation (Emeryville, U.S.), Mondelez International Inc. (Illinois, U.S.), The Nature's Bounty Co. (New York, U.S.), The Simply Good Foods Company (Colorado, U.S.), Mars Incorporated (Virginia, U.S.), Glanbia Plc. (Kilkenny, Ireland), Clif Bar & Company (California, U.S.), The Kellogg's Company (Michigan, U.S.)
What regions does this Protein Bars Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Protein Bars Market?
Low Protein, Medium Protein, High Protein
What are the major end-use applications of the Protein Bars Market?
Bodybuilders, Pro/Amateur Athletes, Others
All our reports are customizable 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 to your needs.
GLOBAL PROTEIN BARS MARKET, BY TYPES
GLOBAL PROTEIN BARS MARKET, BY APPLICATION
GLOBAL PROTEIN BARS MARKET, BY REGION
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.
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.
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.
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.