Cereal Bar Market worth $27.11 billion by 2030, growing at a CAGR of 8.35% - Exclusive Report by 360iResearch

The "Cereal Bar Market by Type (Energy & Nutrition Bars, Snack Bars), Products (Gluten-Free Cereal Bars, Low-sugar and Sugar-free Cereal Bars, Organic and Non-GMO Cereal Bars), Distribution Channel - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Cereal Bar Market to grow from USD 15.46 billion in 2023 to USD 27.11 billion by 2030, at a CAGR of 8.35%.

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A cereal bar, a breakfast bar, or a granola bar is a pre-packaged snack or breakfast item that combines various cereal grains, such as oats, wheat, rice, or corn, with sweeteners and binding agents. All these ingredients are often mixed with nuts, dried fruits, seeds, chocolate chips, honey, or other flavor enhancers to create a compact, easy-to-eat product. Cereal bards are widely consumed by individuals seeking a quick breakfast solution, a healthy snack, or an energy boost during exercise or busy daily activities. The convenience and portable nature of cereal bars make them a better snack option for those with busy lifestyles, offering a healthy alternative that is readily accessible. The energy-boosting capabilities of cereal bars serve as an ideal pre- or post-exercise snack, enhancing physical performance and recovery. The growth of the cereal bar market is being propelled by an increasing adoption of healthy lifestyles and sports activities, increasing demand for low-sugar cereal bars, and a rising online influence and collaboration with fitness enthusiasts. However, the cereal bar market expansion is restrained by the high cost of the production process and the risk of product recall. The rapid adoption of plant-based proteins in cereal bars offers remunerative benefits for the expanding cereal bar market.

The American cereal bar market is experiencing robust growth, primarily fueled by consumers' preference for convenient, nutritious snacking options. In the United States, a snacking culture and heightened nutritional awareness play a significant role in the expansion of the cereal bar market, followed by Canada, Brazil, and the growing market of Mexico, owing to its expanding middle class and urbanization. A notable trend in the American region is the increasing demand for cereal bars featuring organic, gluten-free, and non-GMO ingredients, underscoring the consumer's shift towards premium, transparently labeled products. The Asia-Pacific region is witnessing rapid expansion in the cereal bar market, propelled by heightened health consciousness, evolving dietary habits, and rising disposable incomes, especially in China, India, and Australia. The Asia-Pacific region is characterized by a preference for nutritious, convenient snack options that do not compromise on taste, with expanding retail distribution networks and the entry of international brands signaling a bright future. Incorporating local flavors and ingredients caters to regional tastes, enhancing consumer interest and product distinctiveness. In the EMEA region, Europe is a significantly growing market with a strong inclination toward healthier snacking choices. The UK, Germany, France, and Italy represent the principal markets, focusing on nutritional cereal bars. The Middle East and Africa are identified as nascent markets with substantial growth prospects, driven by urbanization, lifestyle shifts, and a predominantly young demographic. In the EMEA region, the demand encompasses both Western-style products and those adapted to local preferences and dietary needs, with an increasing trend of consuming cereal bars as meal replacements, further boosting market expansion.

Market Segmentation & Coverage:

This research report categorizes the Cereal Bar Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Type, market is studied across Energy & Nutrition Bars and Snack Bars. The Snack Bars is projected to witness significant market share during forecast period.

Based on Products, market is studied across Gluten-Free Cereal Bars, Low-sugar and Sugar-free Cereal Bars, Organic and Non-GMO Cereal Bars, Vegan Cereal Bars, and Whole Grain Cereal Bars. The Gluten-Free Cereal Bars is projected to witness significant market share during forecast period.

Based on Distribution Channel, market is studied across Convenience Stores, Food Specialty Stores, and Hypermarket & Supermarket. The Convenience Stores is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.12% in 2023, followed by Americas.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Cereal Bar Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Cereal Bar Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Cereal Bar Market, highlighting leading vendors and their innovative profiles. These include Associated British Foods PLC, Atkins Nutritionals, Inc., Biovencer Healthcare Pvt. Ltd., Bobo's by Simply Delicious, Inc., Energy Bar Foods, General Mills, Inc., Glanbia PLC, Green Light Foods Pvt Ltd., ITC Ltd., Joy Snacks LLC, Kellogg Company, Mars, Incorporated, McKee Foods Corporation, Mondelez International, Inc., Naturell India Pvt. Ltd.,, Nellson LLC, Nestle S.A., PepsiCo, Inc., Simply Good Foods USA, Inc., Sproutlife Foods Private Limited, Superior Supplement Manufacturing, TEKMAR SLOVENSKO, s.r.o., The Hain Celestial Group, Inc., UNIBIC Foods India Pvt. Ltd., and Weetabix Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Cereal Bar Market, by Type
7. Cereal Bar Market, by Products
8. Cereal Bar Market, by Distribution Channel
9. Americas Cereal Bar Market
10. Asia-Pacific Cereal Bar Market
11. Europe, Middle East & Africa Cereal Bar Market
12. Competitive Landscape
13. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Cereal Bar Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Cereal Bar Market?
3. What is the competitive strategic window for opportunities in the Cereal Bar Market?
4. What are the technology trends and regulatory frameworks in the Cereal Bar Market?
5. What is the market share of the leading vendors in the Cereal Bar Market?
6. What modes and strategic moves are considered suitable for entering the Cereal Bar Market?

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