Industry Background:
Nutrition bars are natural as well as organic incorporate constituents that including protein, fibers, calcium and others. Nutrition bars market is expected a significant growth over forecasted period owing to rise in health and wellness awareness among the people and availability of products at online E-commerce platforms. There has been significant rise in number of people using nutrition bars with figure stood up to 81 % growth in new product at North America in 2017, the future for Nutrition bars looks promising. Further, increasing preference towards snacks and confectioneries and rising diet friendly product expected to drive the market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Hutan Ration (Malaysia), Dr, Aishah solition (Malaysia), Kuranda Wholefoods (Australia), LAYANG LAYANG MAJU ENTERPRISE (Malaysia), MYPROTEIN (United Kingdom), Barebells (United States), Quest (United States), PhD Nutrition (United Kingdom), Slim Secrets (Australia), GNC (United States) and Carman’s Fine Food Pty Ltd (Australia) |
According to AMA, the market for Nutrition Bars is expected to register a CAGR of 20.3% during the forecast period to 2030. This growth is primarily driven by Rise in Consumption of Healthy Foods and Supplements Boost the Nutrition Bars Market. and Increase in Demand of High Protein Plant Based Nutrition Bars that Fuelled Up the Market..
Globally, a noticeable market trend is evident Increasing demands of organic nutrition bars by consumers.
The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Hutan Ration (Malaysia), Dr, Aishah solition (Malaysia), Kuranda Wholefoods (Australia), LAYANG LAYANG MAJU ENTERPRISE (Malaysia), MYPROTEIN (United Kingdom), Barebells (United States), Quest (United States), PhD Nutrition (United Kingdom), Slim Secrets (Australia), GNC (United States) and Carman’s Fine Food Pty Ltd (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2018, Kellogg acquired RxBar of U.S. with a deal of 600 USD Millions. This acquisition is beneficial in providing expansion of product portfolio and business strategy in U.S. regions.
In January 2019, Horizon launched an organic protein milk product such as probiotic fruit bar which is beneficial in providing healthy organic proteins. It also contains carbohydrates and electrolytes that help to prevent the mild to moderate dehydration.
Regulatory Insights:
According to food and drug administration, it’s denoted that when food is in packaged form, the nutritional labeling information shall appear on the label in the appropriate format that is available at point of purchase.
Influencing Trend:
Increasing demands of organic nutrition bars by consumers. and Rise in health awareness among the customers.
Market Growth Drivers:
Rise in Consumption of Healthy Foods and Supplements Boost the Nutrition Bars Market. and Increase in Demand of High Protein Plant Based Nutrition Bars that Fuelled Up the Market.
Challenges:
Non Availability of Nutrition Bar in all Places That Expected to Challenging the Market.
Restraints:
High Cost Associated With Nutrition Bar Market. and Health Issue Such as Blood Pressure Adversely Affects the Global Market.
Opportunities:
Increase Demands Of Nutrition Bars as Sports Supplement that Leads to Grow the Nutrition Bars Market. and Regional Players Are Implementing Omni-Channels Retailing Strategies.
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Nutrition Bars Market
- Analysis about New Entrants in Nutrition Bars Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Nutrition Bars Study Sheds Light on
The Nutrition Bars Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Nutrition Bars industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Nutrition Bars industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.