Plant-based Bars Market Size, Share, Future Growth, 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
The global plant-based bars market size was valued at USD 7.55 billion in 2022. The market is projected to grow from USD 8.05 billion in 2023 to USD 14.31 billion by 2030, with a CAGR of 8.57% during the forecast period. Plant-based bars are the source of protein, which are made from cereals, nuts, fruits, and flavor ingredients. They are more protein-enriched and carbohydrate-dense that provides energy and satiated till next meal. Rising health consciousness amongst customers is set to propel market growth. Fortune Business Insights™ shares this information in its report titled "Plant-based Bars Market, 2023-2030."
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/plant-based-bars-market-104369
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: -
• Kellogg's Company (U.S.)
• Green's Gone Wild, LLC (U.S.)
• General Mills Inc. (U.S.)
• 88 Acres (U.S.)
• LoveRaw (U.K.)
• GNC Holdings LLC (U.S.)
• Raw Bite (Germany)
• Rise Bar (U.S.)
• MADE GOOD (U.S.)
• Vaxa Bar (U.S.)
𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐬
𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐁𝐚𝐫𝐬𝐭𝐨 𝐋𝐞𝐚𝐝 𝐚𝐬 𝐭𝐡𝐞𝐲 𝐚𝐫𝐞 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐄𝐧𝐫𝐢𝐜𝐡𝐞𝐝
On the basis of type, the market is divided into cereal/granola bars, protein bars, energy bars/meal replacement bars, fruit & nut bars, and others. The protein bars segment is expected to lead as they are protein enriched. These bars are made of whole food ingredients such as oats, quinoa, and other seeds. Cereal/granola bars also have gained popularity as they are used as a meal replacement.
𝐒𝐮𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬/𝐇𝐲𝐩𝐞𝐫𝐦𝐚𝐫𝐤𝐞𝐭𝐬 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐭𝐡𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐃𝐮𝐞 𝐭𝐨 𝐀𝐯𝐚𝐢𝐥𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐨𝐟 𝐚 𝐖𝐢𝐝𝐞 𝐑𝐚𝐧𝐠𝐞 𝐨𝐟 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬
On the basis of distribution channel, the market is divided into supermarkets/hypermarkets, specialty stores, convenience stores, online retail stores, and others. Supermarkets/hypermarkets segment dominates the market share due to availability of a wide range of products and an option for consumers looking for conventional, vegan, and organic products. Specialty stores are also experiencing a hike in their growth due to their easy accessibility, availability, product expertise, and efficient customer service.
Based on geography, the market is segmented into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.fortunebusinessinsights.com/enquiry/multi-report-purchase/plant-based-bars-market-104369
𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞
The report provides a detailed analysis of the top segments and the latest trends in the market. It comprehensively discusses the driving and restraining factors and the impact of COVID-19 on the market. Additionally, it examines the regional developments and the strategies undertaken by the market's key players.
𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐚𝐧𝐝 𝐑𝐞𝐬𝐭𝐫𝐚𝐢𝐧𝐭𝐬
𝐈𝐧𝐜𝐥𝐢𝐧𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫𝐬 𝐟𝐨𝐫 𝐅𝐢𝐭𝐧𝐞𝐬𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐭𝐡𝐞 𝐃𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭
Inclination of the consumers for fitness is anticipated to drive the plant-based bars market growth. The rising trend of "healthy" lifestyle has been influencing the population to go for vegan or other vegetarian products such as a snack, meal or occasional drinks due to their numerous health benefits. Food and health fitness are both considered as a medicine, thus their inter-related application is a highly effective and simple tool for improving an individual's health, especially for athletes. Increasing use of emerging e-commerce platforms is set to propel market growth.
However, manufacturers working toward the production of plant centric products are facing numerous challenges to maintain the sensory attributes, such as texture and flavor, which is expected to hamper the market growth.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐋𝐞𝐚𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐡𝐚𝐫𝐞 𝐃𝐮𝐞 𝐭𝐨 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐂𝐨𝐧𝐬𝐮𝐦𝐩𝐭𝐢𝐨𝐧 𝐨𝐟 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐁𝐚𝐫𝐬
North America is expected to have a high plant-based bars market share due to growing consumption of plant-based protein bars and emerging trend of healthy snacking. These factors are responsible for escalating the demand for healthy meal replacement options that can be consumed on the go.
Europe is set to have strong growth due to the inclination of consumers for convenience foods which are made from clean-label ingredients. Trend of veganism in the region is expected to fuel the growth of the region's market.
Asia Pacific is set to be one of the prominent markets due to the growing demand for health and wellness products across the region. Countries such as Australia, China, and India have been experiencing an expansion of the sports industry, which drives the demand for nutrition-enriched plant-based bars.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/plant-based-bars-market-104369
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐍𝐞𝐰 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐛𝐲 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐎𝐟𝐟𝐞𝐫 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐄𝐝𝐠𝐞
The global market has various key players such as Kellogg's Company, Green's Gone Wild, and General Mills Inc., among others. In addition, the determined focus on introducing novel and sustainable products with vital nutrients further enhances the growth of the vegan bars market. In October 2020, Bhu Foods announced the launch of a new line of its refrigerated organic protein bars in the U.S. market. These premium products will be available at more than 1,500 target locations and 900-plus Walmart locations in the U.S.
𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭
𝐀𝐩𝐫𝐢𝐥 𝟐𝟎𝟐𝟐- SternLife launched new four vegan bars at Vitafoods Europe in Geneva. SternLife is one of Germany's leading providers for functional foods. The new range of products is growing in response to consumer demand for sustainable products, which are free from animal sources and other artificial ingredients.

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This release was published on openPR.