Global Snack Bars Market Overview:
A snack bar usually refers to an inexpensive food counter that is part of a permanent structure where snack foods and light meals are sold. The growing popularity of sports and athletic activities along with a busy lifestyle, increasing health consciousness and changing food preferences are driving the demand for nacks bar.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rise in Demand For Plant-based Bars And Bars With Functional Claim and Introduction of Products with Newer Flavors and Ingredients
Market Growth Drivers:
Resultant Preference for Healthy Snack Products, Busy Lifestyles and the Higher Number of Nuclear Families in Developed Regions and Rising Awareness about Health and Fitness
Challenges:
Robust Competitive Rivalry might Stagnant Demand of the Snacks Bar and Availability of Substitutes
Restraints:
High Initial Investments and Marketing Costs
Opportunities:
Increasing Product Popularity as go-to Snacks
Competitive Landscape:
The snack bar market is a highly competitive market, with the presence of numerous small and large players. The major players of the market are having a wide distribution network across the world. Major players include Mars, Kellogg, and Nestle among others.
Some of the key players profiled in the report are General Mills (United States), Mars Incorporated (United States), Kellogg (United States), Nestle SA (Switzerland), Pepsico (United States), Cliff Bar & Company (United States), Atkins Nutritionals (United States), Earnest Eats (United States), Quest Nutrition (United States), Small Planet Foods (United States), Soul Sprout (United States), Kind Bars (United States) and The Hain Celestial Group (United States). Analyst at AMA Research see United States Vendors to retain maximum share of Global Snack Bars market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Supermarkets and Hypermarkets will boost the Snack Bars market.
Latest Market Insights:
In September 2023, John B. Sanfilippo & Son, Inc. JBSS) has acquired of certain assets, including inventory, a manufacturing facility located in Lakeville, Minnesota, and customer relationships, from TreeHouse Foods, Inc. This acquisition significantly accelerates our product diversification strategy and allows us to offer our private label customers a complete offering of snack bars,
In April 2022, The Atkins brand has launched two new snack bars in Chocolate Chip Cheesecake and Strawberry Shortcake flavors and an Iced Chai Latte RTD protein shake.
FDA provides regulatory and scientific information about irradiated food and packaging. Irradiation may be used to increase shelf-life and reduce harmful bacteria in meat, poultry, vegetables, and other foods.
What Can be Explored with the Snack Bars Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Snack Bars Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Snack Bars
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Snack Bars market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Snack Bars market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Snack Bars Manufacturer, Snack Bars Supplier/ Distributor/ Wholesaler, Retail Store, Governmental Bodies and Research Firms.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.