According to IMARC Group’s latest report, titled “Nutritional Bar Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global nutritional bar market reached a value of US$ 1.25 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 5.6% during 2021-2026.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.
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Nutritional bars are convenient food products that assist in boosting energy, managing weight, improving muscle mass and enhancing digestive health. They are rich in calories, fat, proteins, sugar, vitamins and minerals, which varies depending on the ingredients utilized in production. Consequently, they are widely consumed by athletes and individuals who are focusing on weight control to curb their appetite.
Market Trends and Drivers:
The hectic lifestyles of individuals have escalated the demand for ready-to-eat (RTE) food products across the globe. This represents one of the key factors impelling the global nutritional bar market growth. Moreover, the growing working population, coupled with the increasing participation of individuals in physical activities, is positively influencing the demand for nutritional bars. Other than this, the introduction of innovative flavors, such as chocolate brownie and roasted jalapeno, along with organic and gluten-free products, are expected to provide opportunities for manufacturers to expand their consumer base in the coming years. Rising consumer expenditure capacities and the growing number of domestic and international market players are also driving the market for nutritional bars further.
Nutritional Bar Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the nutritional bar market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- General Mills Inc.
- The WhiteWave Foods Company
- Mars Incorporated
- Kellogg Co.
- Clif Bar & Company
- The Simply Good Foods Company
- Halo Foods
- The Nature’s Bounty Co.
- Quaker Oats Company
- Natural Balance Foods
Key Market Segmentation:
The report has segmented the global nutritional bar market on the basis of product type, category, end-user, flavour, distribution channel and region.
Breakup by Product Type:
- Protein Bars
- Snack Bars
- Energy Bars
- Meal Replacement Bars
Breakup by Category:
- Animal Derived
Breakup by End-User:
Breakup by Flavour:
- Fruit and Nut
- Peanut Butter
- Cookies and Cream
Breakup by Distribution Channel:
- Hypermarkets and Supermarkets
- Convenience Stores
- Specialty Stores
- Pharmacies and Drug Stores
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/nutritional-bar-market
Key Highlights of the Report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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