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Protein Bars Market to Incur Rapid Extension During 2026 | Groupe Danone, Kellogg Co., General Mills, Inc., Premier Nutrition, Abbott Laboratories, Quest Nutrition, Universal Nutrition Corp., and Active Nutrition International GmbH.

Protein Bars Market

Protein Bars Market

Protein bars are nutritional supplements that provide protein and other nutrients, including carbohydrates, vitamins, fats, and minerals. Protein bars include isolated protein from plant or animal source such as soy, milk, and eggs.

Protein Bars Market Taxonomy:

On the basis of protein source type, the global protein bars market is segmented into:
Plant Protein
Animal Protein
On the basis of product type, the global protein bars market is segmented into:
Energy Protein Bars
Low- Carb Protein Bars
Meal Replacement Bars
Others

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They have high content of essential amino acids, which help maintain muscle mass, repair wounds or rebuild damaged tissues, synthesize red blood cells, and boost immunity.

Rising awareness regarding protein deficiency or protein-energy is majorly driving growth of the protein bar market. Additionally, increasing fitness trends coupled with growing demand for on-the-go food products due to the hectic lifestyle is expected to boost growth of the protein bars market. Furthermore, high prevalence of lactose intolerance worldwide, is expected to fuel the demand for protein bars made from gluten-free plant sources. This in turn, is expected to support the overall growth of this market during the forecast period. According to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), around 75 percent of all native and African Americans and 90 percent of Asian Americans were reported as lactose intolerant in 2017.

Protein Bars Market Outlook:

North America held a dominant position in the global protein bars market in 2016, with S. being the major contributor. Increasing awareness regarding protein supplements and growing demand for convenience food in the region are key drivers for growth of the market in North America. Additionally, according to the U.S. Department of Labor, average daily participation rates in sports and exercise rose by 3.6% from 2003 to 2015. This in turn, is expected to fuel the consumption of protein bars in the region.

Asia Pacific is expected to exhibit a significant market growth, owing to the rising prevalence of protein deficiency in the region. According to Coherent Market Insights’ analysis, in 2015, over 80 percent of the people living in India were found deficient in protein. The protein bars market in emerging economies such as China and India is expected to exhibit rapid growth, owing to the rising inclination of the young populace, towards maintaining good physique. Furthermore, increasing participation in sports-related activities in Australia is expected to boost growth of the protein bars market during the forecast period. According to the Australian Sports Commission (ASC), over 17 million people aged 15 years and above, participated in a sport or physical activity during 2015-2016, in Australia.

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About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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