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Snack Bar Market Growth, Report, Industry Trends and Forecast 2023-2028

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According to the global snack bar market report by IMARC Group, the market reached a value of US$ 25.5 Billion in 2022, and it is projected to reach a value of US$ 34.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Snack bars are small, nutritious, lightweight, high-calorie, and condensed rectangular bars that are easy to carry and consumed to gain quick energy and protein. They comprise nuts, fruit extracts, jaggery, mixed grains, almonds, coconut, cereals, millet, and corn or honey syrup. They are slightly savory in taste, gluten-free, rich in iron, protein and dietary fiber, and consist of bioactive compounds. These bars are widely available in various flavors, such as red berry, orange, brownie, beet, spirulina, and peanut butter. As a result, snack bars are widely consumed as a meal replacement or an instant snack across the globe.

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/snack-bar-market/requestsample

Snack Bar Market Trends and Drivers:

The market is primarily driven by the increasing health awareness among individuals and growing inclination toward healthy and convenient snacking options. In addition, the rising prevalence of obesity and other lifestyle diseases are prompting individuals to participate in athletic and sports activities, which are contributing to market growth.

Moreover, aggressive promotion campaigns conducted by several key players, coupled with heavy investments in collaborations with prominent sports and media personalities, are escalating the product demand across the globe. Apart from this, the introduction of new innovative flavors and ingredients, along with their easy accessibility across online and offline organized retail channels, are providing a positive thrust to the market growth.

Moreover, leading market players are launching snack bars prepared with vegan ingredients with little or no sugar, which is positively influencing the market growth.

Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/snack-bar-market

Global Snack Bar Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Abbott Laboratories, Associated British Foods plc, Clif Bar & Company, General Mills Inc., Halo Foods Ltd., Mars Incorporated, Nestlé S.A., Ocado Retail Limited, PepsiCo Inc., The Hain Celestial Group Inc., The Kellogg Company and The Simply Good Foods Company.

The report has segmented the market on the basis of region, product type, ingredient and distribution channel.

Breakup by Product Type:

·      Cereal Bars

o   Granola/Muesli Bars

o   Others

·      Energy and Nutrition Bars

·      Others

Breakup by Ingredient:

·      Nuts

·      Whole Grains

·      Dried Fruits

·      Others

Breakup by Distribution Channel:

·      Supermarkets and Hypermarkets

·      Convenience Stores

·      Specialty Stores

·      Online Stores

·      Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

 If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

 If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

 IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

 Contact Us:

IMARC Services Private Limited.
134 N 4th St.
Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

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