Food Bar Market Significant Profits Estimated to be generated by 2023 with Leading Company Profiles

Market Overview:
Food Bars Market is projected to grow at a CAGR of 4.9% over the forecast period. Food bars including candy bars, protein bars, energy bars, oats bars, and others are consumed as a healthy alternative for snacks owing to their high protein and fiber content. They are available in different flavors such as chocolate, fruits, peanut butter, savory, spices, and others. The trend of consuming food bars as a snack between the meals is gaining popularity among all age groups.

Food Bars Market and is expected to have a substantial growth over the forecast period 2017-2023. In Asia Pacific, India and China are major contributors to the food bars market growth owing to increasing population in these developing countries followed by rising number of working population.

Moreover, rising number of health conscious population is adding fuel to the growth of the food bars market. However, a large number of substitutes are available for the food bars, which may restrain the growth of the food bars market. Nevertheless, all these factors likely to lead the growth of the Asia Pacific market at a CAGR of 4.9% during the forecast period 2017-2023

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Competitive Analysis:
This report includes a study of strategies such as mergers, acquisitions, and product launches by the major food bars players. It further includes product portfolios, developments of leading players, which includes

CAVEMAN FOODS (U.S.)
Atkins Nutritionals, Inc. (U.S.)
Kellogg Co. (U.S.)
Nestle (Switzerland)
Quaker Oats Company (U.S.)
Clif Bar & Company. (U.S.) and
General Mills Inc. (U.S.)

Key Findings:
Sugar free food bars are gaining acceptance from majority of population

Germany, Canada, Belgium, France, and Italy are the major exporters of food bars

Industry Segments:

The global food bars market is segmented on the basis of type, which include candy bars, energy bars, protein bars, oats bars, and others. Among all, protein bars segment is growing at the fastest rate as compared to others on account of rising concern among the consumers for the nutritional level of the food.

On the basis of flavors, the food bars are segmented into chocolates, fruits, peanut butter, savory, spices, and others. The chocolate flavor dominates the global market. However, peanut butter is expected to have a steady growth over the forecast period.

Based on the distribution channel, the food bars are segmented into store based and non-store based. However, the food bars are mainly sold through grocery wholesalers, retail stores, and food service providers.

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The global food bar market is segmented into the following regions

North America

U.S.
Canada
Mexico
Europe

Germany
France
Italy
Spain
U.K.
Rest of Europe
Asia Pacific

China
India
Australia
Japan
Rest of Asia Pacific
Rest of the world

Brazil
Argentina
South Africa
Others 

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This release was published on openPR.