Plant-Based Bars Market Size Share Growth and Trends Report 2023-2030

Global Plant-Based Bars Market Poised for Remarkable Growth, Projected to Reach USD 12.5 Billion by 2030

The plant-based bars market, valued at USD 7.2 billion in 2022, is set to experience significant expansion, reaching an estimated USD 12.5 billion by 2030. With a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period of 2023-2030, the market is propelled by the worldwide surge in interest towards vegan and vegetarian diets.

Plant-based bars, crafted from plant-derived ingredients such as nuts, seeds, fruits, vegetables, and grains, serve as convenient and eco-friendly snacks or meal replacements. These bars are meticulously designed to offer a portable nutrition source that is not only health-conscious but also aligns with environmental sustainability goals. Enriched with macronutrients like protein, fiber, and healthy fats, along with essential micronutrients, plant-based bars have gained popularity in response to consumer demands for wholesome and convenient snack options.

As per the World Animal Foundation's 2023 report, there are 88 million vegans globally, highlighting the growing consumer shift towards plant-centric dietary choices.

Plant-Based Bars Market Summary and Scope

Metrics:

CAGR: 7.2%
Size Available for Years: 2021-2030
Forecast Period: 2023-2030
Data Availability: Value (US$)
Segments Covered: Product Type, Ingredient, Distribution Channel, and Region
Regions Covered: North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region: Asia Pacific
Largest Region: North America
Report Insights Covered: Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, Porter's Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis, and Other key Insights.

Download Sample: https://www.datamintelligence.com/download-sample/plant-based-bars-market

Plant-Based Bars Market Dynamics and Trends

Health and Wellness Trends Driving Market Growth

The plant-based bars market is witnessing a surge driven by health and wellness trends. Increasing consumer health-consciousness is steering individuals towards snack choices that align with their dietary and lifestyle preferences. Plant-based bars, often made with whole-food ingredients and void of artificial additives, cater to this demand for healthier alternatives to traditional snack bars. The rising popularity of plant-based protein, particularly among those adopting plant-based or flexitarian diets, further propels the market's growth.

Allergen-Free and Special Dietary Needs Fueling Market Expansion

Plant-based bars are gaining traction for offering allergen-free alternatives, suitable for individuals with common food allergies such as dairy, gluten, soy, and nuts. This inclusivity addresses the needs of consumers with specific dietary restrictions or sensitivities, emphasizing health and wellness. Notably, plant-based bars resonate well with the approximately 1 in 13 children in the United States, as per the Centers for Disease Control and Prevention, who have a food allergy.

Taste and Texture Considerations as Potential Constraints

While the market is poised for growth, taste and texture pose potential restraints. Varied textures, often resulting from the presence of natural ingredients like nuts and seeds, may not appeal universally. The nuanced taste profile, distinct from traditional snack bars, might deter some consumers, impacting the overall market.

To Know More Insights: https://www.datamintelligence.com/research-report/plant-based-bars-market

Plant-Based Bars Market Segmentation Analysis

Product Type Segmentation:
Cereal/Granola Bars
Protein Bars
Snack Bars
Meal Replacement Bars
Others

Ingredient Segmentation:
Nuts & Seeds
Grains
Fruits
Others

Distribution Channel Segmentation:
Supermarket/Hypermarket
Specialty Stores
Online Sales
Others

Region Segmentation:
North America
The U.S.
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Middle East and Africa

Plant-Based Bars Market Companies:

The major global players shaping the plant-based bars market include Kellogg's Company, LoveRaw, 88 Acres, Rise Bar, Vaxa Bar, Green's Mills Inc., Raw Bite, GNC Holdings LLC, General Mills Inc., and MADE GOOD.

Related Reports:

Plant-Based Fish Market: https://www.datamintelligence.com/research-report/plant-based-fish-market

Plant-Based Snacks Market: https://www.datamintelligence.com/research-report/plant-based-snacks-market

Plant-Based Meat Market: https://www.datamintelligence.com/research-report/plant-based-meat-market

Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

This release was published on openPR.