Granola Bars Market with Growing CAGR of 4.87%, Size, Share, Demand, Revenue Growth and Global Trends 2022-2029

The persuasive Granola Bars Market report has been prepared by taking into account several aspects of marketing research and analysis which includes market size estimations, market dynamics, company & market best practices, entry level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings. This report gives CAGR values along with its fluctuations for the specific forecast period. Thus, wide-ranging market information of the universal Granola Bars Market report will surely grow business and improve return on investment (ROI).

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Global Granola Bars Market Analysis and Size

Cereal bars are used as a substitute for breakfast bars. Cereal bar manufacturers offer a variety of tailor-made products that are not only nutritious and beneficial to health, but also tasty. The market studied has yet to reach its full potential in developing regions, where people are unaware of cereal bars and prefer traditional snack foods such as biscuits and chips.

Data Bridge Market Research analyses that the granola bars market was valued at USD 4.56 billion in 2022 and is expected to reach the value of USD 5.97 billion by 2030, at a CAGR of 4.87% during the forecast period of 2022 to 2030. The market for granola bars is being driven by rising demand for health-benefiting products. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Global Granola Bars Market Definition

Granola bars are a sweet baked snack made from a diverse mixture of dry fruits, cereals, honey, puffed rice and other ingredients. They are lightweight and popular among consumers who participate in outdoor activities. Granola bars are used in a variety of foods, including pastries, yoghurt, and ice cream, because they contain essential nutrients such as protein.

Some of the major players operating in the granola bars market are:

ADM (U.S.)
Olam International Limited (Singapore)
Barry Callebaut (Switzerland)
Blue Diamond Growers (U.S.)
John B. Sanfilippo & Son (U.S.)
Kanegrade (U.K.)
Borges Agricultural & Industrial Nuts (Netherlands)
Savencia SA (France)
The Wonderful Company (U.S.)
Harris Woolf California Almonds (U.S.)
Treehouse California Almonds (U.S.)
Döhler GmbH (Germany)
Royal Nut Company (Australia)
Repute Foods Pvt. Ltd (India)
Deep Nuts N Flavors LLP (India)
Shivam Cashew Industry (India)
Modern Ingredients (India)
ConnOils LLC (Wisconsin)
Valley Harvest Nut Company (U.S.)

Drivers

Diversification of Flavours and Products

Granola bars market is driven by factors such as manufacturing offering the product in various flavours to attract consumers, consumers shifting towards healthy breakfast alternatives with low fat and low sugar in the products are driving the market growth.

Granola Bars as Healthy Alternate

Customer's changing lifestyles, increased demand for ready-to-drink premixes from youth, the growing importance of new and ethnic flavours, and innovative advancements in marketing and promotional activities all contribute to the global granola bars market's growth. The penetration of e-commerce, low prices, easy access, and the introduction of natural and health-beneficial ingredient cocktails in frozen drinks, growing investment in pubs and bars, and a variety of flavours available in granola bars drive global market growth for this product.

Global Granola Bars Market Scope

The granola bars market is segmented on the basis of product type, origin and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

Fruit Flavors
Nut Flavors
Spice Flavors
Others

 Origin

Organic
Conventional

Distribution Channel

Supermarket
Hypermarket
Convenience Stores
Pharmaceuticals
Departmental Stores
Online

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