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The global snack bars market is expected to grow in the forecast period 2017-2022 Key players in the market include Nature Valley, Naturell, Kellogg, Jordan, and Alpen.

01-24-2019 01:58 AM CET | Associations & Organizations

Press release from: Kenneth Research

The global snack bars market is expected to grow in the forecast

Description
Snack bars have been doing exceptionally well in recent times, owing to a desire for change from conventional snacking products amongst many urban dwellers. A call for healthier lifestyles and improved nutritional intake have paved much way for the market's growth. With rapid urbanization and a notable increase in disposable salaries of working professionals, consumers have started bending towards nutrition products, which albeit being expensive, supposedly provide with healthier options.

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The global snack bars market is expected to register a CAGR of XX% in the forecast period 2017-2022. Estimated at a valuation of US$ XX in 2017, the market is projected to reach US$ XX by 2022.
End Users
End users of snack bars include working class professionals eyeing healthier alternatives to conventional snacking (chips, biscuits, cakes, etc.) as well as athletes and other related performers, who choose snack bars in the view that they lead to lower carbohydrate intake and help reduce unnecessary appetite. Over the years, teenagers conscious of their well-being have also emerged as a notable share in the market's consumer population.

Market Dynamics
Emerging health concerns and precautionary measure have widened sales for snack bars, especially in the protein bars segment. Manufacturers market their product under tags of being a functional snack that are low on carbs and fortified with essential proteins. Amidst varying diet trends, variants that are gluten free and absolved of other known allergens have also been made available. While the bulk share of consumers loyal to the market comprise of the working class and high athletic performers, ad campaigns targeting teenagers conscious of their bodies and otherwise well-being have also become major hits. Contrary to most nutrition products, snack bars provide consumers with an affordable option, aggressively tackling other rivaling markets (such as potato chips, biscuits, cakes, etc.)
While manufacturers find it convenient to use potential product shortcomings (such as high sugar content, allergen content, etc.), these issues remain major hurdles to the market's future growth in the nutrition sector. Other nutrition foods and convenience products also pose threats to the market's stance during the forecast period.

Market Segmentation
Based on type and ingredient, the market can be segmented into breakfast bars, fruit bars, energy bars, granola, and nutritional bars. Amongst these, granola bars hold the highest share in terms of total units sold.

Geographical Analysis
Regionally, the global snacks bar market can be segregated into its bulkiest segments - North America, Europe, and Asia-Pacific. In terms of capacity, North America is the leading segment, with USA taking up a lion's share of the total units sold. In terms of growth, East Asian economies in the Asia-Pacific segment have shown more than promising figures, ensuring a steady rise during the forecast period.

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Key players
Key players in the market include Nature Valley, Naturell, Kellogg, Jordan, and Alpen.
Report Contents Regional Analysis Report Highlights

Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players

North America
US and Canada

Latin America
Mexico, Brazil, Argentina and Rest of Latin America

Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe

Eastern Europe
Russia
Poland
Rest of Eastern Europe

Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific

Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage

Read More: https://www.kennethresearch.com/report-details/global-snack-bars-market/10064827

About us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

Contact Us

Name:David
Email:sales@kennethresearch.com
Phone: +1 313 462 0609

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