Italy Snack Bar Market 2021 Highlights Recent Trends, Market Growth, Opportunities till 2025

MarketInsightsReports has recently published an Italy Snack Bar market research study with more than 100 industry informative desk and figures spread through pages and easy to understand detailed TOC on “Italy Snack Bar Market”.
The report provides information and the advancing business series information in the sector to the exchange. The report provides a notion connected to the progress of this market movement of significant players in this industry. An examination of this Italy Snack Bar market relies upon aims, which are coordinated into market analysis, are incorporated into the reports.

The report also takes into account the impact of the novel COVID-19 pandemic on the Italy Snack Bar market and offers a clear assessment of the projected market fluctuations during the forecast period.

Market Overview
Italy snack bar market is forecasted to grow at a CAGR of 2.27% during the forecasted period (2019 - 2024).
- The Italian snack bar market is driven by the growing snacking habits of regional cuisines, along with strong demands for on-the-go vegetable-based snacks.
- The Italian marketplace is one of the largest markets for snack bars, followed by France, due to the rapidly expanding younger populations.
- Ingredients such as dark chocolate, granola, and spirulina are expected to be increasingly utilized for launching snack bars that are suitable for vegetarians, vegans, and people intolerant to gluten and lactose.

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Scope of the Report
Italy snack bar market offers a range of product types including cereal, energy and other snack bars distributed through supermarket/hypermarket, convenience store, speciality stores, online stores, and other points of sales.

Key Market Trends

Cereal Based Bars are Gaining Momentum
Italians spend more on breakfast and cereal bars than energy bars. Cereal bars which include breakfast bars account for a significant share of the market followed by granola and muesli bars. Exotic high protein grains, such as chia seed, hemp, and quinoa in cereal bars offering increased nutritional benefits are accelerating granola/cereal bar sales. Energy bar accounts for the comparatively smaller share in the snack bar market, while is growing at a steady growth rate owing to consumer interest in high protein/energy based snacks. Organic cereal bar offers potential cereal bar market opportunity due to the high demand for organic products.

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Protein Bars to Foster the Market Growth
The packaged food sector is being affected by market polarization. Due to increasing wellness concerns, coupled with an increase in protein bars unit prices incurred, consumers are demanding healthier and specifically tailored products, and deep discounts or promotional items. In the forecast period, Italian consumers are expected to continue to focus on products health features. Protein bars made with plant source are expected to see a positive momentum as they combine health features with the utmost portability and taste. Non-sugary/ Low-calorie protein bars are showing strong growth, which signals a shift in a consumer mindset to one focused on health.

Competitive Landscape
Italy snack bar market is highly fragmented due to the prevalence of several local and international players. Some of the dominant players in the market are Kellogg Company, General Mills Inc., Associated British Foods plc, and Nestle. The European manufacturers are prominent in the market and increasingly adopting strategies such as merging and acquiring local players.

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Key Points of the Italy Snack Bar market report
- Comprehensive evaluation of all opportunities and risks in the market.
- Italy Snack Bar market ongoing developments and significant occasions.
- Detailed study of business techniques for development of the market-driving players.
- Conclusive study about the improvement plot of market for approaching years.
- Top to bottom appreciation of market-express drivers, targets and major littler scale markets.
- Favorable impression inside imperative mechanical and publicize latest examples striking the market.

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