Press release
Nutritional Bars Market Size, Share, Industry Analysis, Segments And Forecast To 2032
Nutritional Bars Market Analysis
The Business Research Company's Nutritional Bars Global Market Report 2023 identifies rising demand for healthy and nutritious food products as the major driver for the nutritional bars market's growth in the forecast period. Healthy and nutritious food products refer to foods that provide essential nutrients, promote overall health, and support the body's optimal functioning. Nutritional bars are often used as a healthy and nutritious food option. They are typically made with whole, natural ingredients that are good for health. It provides a good source of nutrients, has a high fiber content, and has limited added sugars.
The global nutritional bars market is expected to grow from $6.34 billion in 2022 to $6.79 billion in 2023 at a compound annual growth rate (CAGR) of 7.09%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nutritional bars market is expected to reach $8.63 billion in 2027 at a CAGR of 6.1%.
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Major competitors in the nutritional bars market are Mars Incorporated, Abbott Laboratories, Mondelez International Inc., Natural Balance Foods Ltd., General Mills Inc., Kellogg Company, Glanbia plc.
A key trend in the nutritional bars market includes product innovation. The major companies operating in the nutritional bar market are developing innovative products to sustain their position in the market. For Instance, in June 2022, Nourish Organic Foods Pvt. Ltd., an India-based manufacturer and seller of organic food products, launched its Nutrition Bars 2.0 with refurbished packaging. The innovative nutritional bars are made with all-natural ingredients and are a good protein, fiber, and vitamin source. They are also gluten-free, lactose-free, and vegan. This new nutrition bar 2.0 is available in six flavors. Additionally, it is made with all-natural ingredients, is gluten-free, lactose-free, and vegan, is high in protein, fiber, and vitamins, is convenient to eat, and has a slimmer and taller shape for easy portability. Moreover, these new bars are shaped slimmer and taller to easily fit into pockets, purses, and travel bags, making them an easy snack for long travels.
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The nutritional bars market is segmented -
1) By Product Type: Protein Bars, Energy Bars, Meal Replacement Bars, Snack Bars, Other Products
2) By Flavors: Chocolate, Fruits, Peanut Butter, Savory, Spices, Other Flavors
3) By Category: Conventional, Gluten-Free
4) By End-User: Adults, Children
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the nutritional bars market.
The Business Research Company's "Global Nutritional Bars Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Nutritional Bars Market Include:
1. Executive Summary
2. Nutritional Bars Market Characteristics
3. Nutritional Bars Market Trends And Strategies
4. Nutritional Bars Market - Macro Economic Scenario
……..
32. Global Nutritional Bars Market Competitive Benchmarking
33. Global Nutritional Bars Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Nutritional Bars Market
35. Nutritional Bars Market Future Outlook and Potential Analysis
36. Appendix
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