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Snack Bar Market Report by Product Type (Cereal Bars, Energy and Nutrition Bars, and Others), Ingredient (Nuts, Whole Grains, Dried Fruits, and Others), Distribution Channel (Supermarkets and Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, and Others), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A5594
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Market Overview:
The global snack bar market size reached US$ 26.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 41.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4.7% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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Market Size in 2023
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US$ 26.8 Billion |
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Market Forecast in 2032
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US$ 41.1 Billion |
| Market Growth Rate 2024-2032 | 4.7% |
Snack bars refer to small, lightweight, and condensed rectangular bars that are meant to be consumed on the go. They generally consist of mixed grains, cereals, corn or honey syrup, nuts, vegetable and fruit extracts. Some of the numerous flavors added to these bars include beet, spirulina, red berry, orange, brownie, and peanut butter. Commonly characterized by a slight savory taste, they are a rich source of nutrients, have a high-calorie content, and consist of bioactive compounds and dietary fibers. As a result, they are widely consumed as meal replacement or an instant snack across the globe.
Snack Bar Market Trends:
The market is primarily driven by the augmenting consumer demand for healthy and convenient snacking options. The rising health awareness among individuals, along with the growing popularity of athletic and sports activities, is further providing an impetus to the market. In line with this, the increasing prevalence of obesity and other lifestyle diseases is providing a boost to the market growth. Additionally, aggressive promotion campaigns conducted by key market players, coupled with heavy investments in collaborations with prominent sports and media personalities, are resulting in a higher product uptake on the global level. The market is also driven by the introduction of snack bars with innovative flavors and ingredients and their easy availability across the online and offline organized retail channels. For instance, market players have introduced snack bars prepared with vegan ingredients with little or no quantity of sugar. Furthermore, rapid urbanization, the shifting dietary preferences among the masses, the launch of targeted-consumer products, and extensive research and development (R&D) activities are some of the other factors supporting the sales of snack bars.
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global snack bar market report, along with forecasts at the global, regional and country level from 2024-2032 Our report has categorized the market based on product type, ingredient and distribution channel.
Breakup by Product Type:
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
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- Cereal Bars
- Granola/Muesli Bars
- 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:
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- 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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Ingredient, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The snack bar market is massively growing on a global scale. As per the IMARC Group, the snack bar market size was US$ 26.8 Billion in 2023. The rising consumer awareness towards health and fitness, along with the increasing popularity of instant snack bars that can replace high-calorie products, such as chocolates, cakes, cookies, etc., is primarily driving the global snack bar market. Moreover, the growing demand for organic products with “no artificial additives” and the changing consumer lifestyle patterns involving the consumption of smaller meals are also propelling the market growth. Additionally, the emerging trend of veganism, coupled with the rising inclination towards plant-based and functional snack bars is further positively influencing the global market for snack bars.
We expect the global snack bar market to exhibit a CAGR of 4.7% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of snack bar.
Some of the major trends that can be witnessed in the global snack bar market include the rising adoption of on-the-go food consumption habits, changing consumer lifestyle patterns, increasing health consciousness, etc. In addition to this, the growing consumer inclination towards organic product variants that are free from artificial additives, GMOs, synthetic flavors and colors, etc., is also bolstering the market growth.
Based on the product type, the global snack bar market can be segmented into cereal bars, energy and nutrition bars, and others. Currently, cereal bars hold the majority of the total market share.
Based on the ingredient, the global snack bar market has been divided into nuts, whole grains, dried fruits, and others. Among these, whole grains currently exhibit a clear dominance in the market.
Based on the distribution channel, the global snack bar market can be categorized into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others. Currently, supermarkets and hypermarkets account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global snack bar market include 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.
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