Market Overview
Based on market research, the nutritional bar market is expected to increase rapidly in the future year. Due to the growing need for gluten-free and vegan goods, together with their widespread availability, nutrition bar sales data will increase.
The increased prevalence of health-conscious individuals throughout the globe, as well as the rising number of illnesses that have a favourable influence on the nutrition bar market analysis, is a crucial driver in the growth of the nutritional bar market. In the future, the nutritional bar market is predicted to expand at a high CAGR rate due to shifting lifestyles, particularly in metropolitan areas throughout the globe. Increasing consumer desire for on-the-go food items that suit their nutritional needs is encouraging for the industry; in particular, the emergence of several companies in the nutrition bar market over the last couple of years has positively influenced the study. There are a variety of flavours, nutrient benefits, and a wide range to fulfil the needs of consumers across various distribution networks.
The covid-19 epidemic has touched each and every market. The global supply chain was severely disrupted by implementing social distancing standards and shutdown. Thus, companies worldwide were severely harmed by the epidemic. Due to the uncertain epidemic, commercial groups involved with it have negatively impacted purchase rates and income. Supply chain disruptions have adversely impacted High-volume retailers and wholesalers. Based on the information provided by bell rings brand, inc. According to data released today, a nutritious bar brand called PowerBar had its net sales drop by 19.7% during the 2nd period of its fiscal year 2020.
Key Players
Atkins Nutritionals, Inc. (U.S.), Quaker Oats Company (U.S.), General Mills Inc. (U.S.), Clif Bar Company. (U.S.), Kellogg Co. (U.S.), Kashi Company (U.S.), and Mars Incorporated (U.S.) are some prominent names in the global nutritional bar market that are listed by MRFR.
Market Segmentation
The nutritional bar market is classified based on the kind of bar, the taste, and the channel of distribution. The nutritional bar market size is classified into many categories, including whole-food bars, protein bars, snack bars, meal-replacement bars, and other nutritious bars. Furthermore, the nutritious bar market may be divided into many categories based on taste, including savoury, spices, chocolate, peanut butter, fruits, and others. In addition, the nutritional bar market may be divided into two categories depending on the distribution channel used: store-based and non-store-based.
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Regional Classification
North America, Europe, Asia-Pacific, and other regions make up the bulk of the worldwide Nutritional Bar Market. The Asia-Pacific area is predicted to develop at the greatest CAGR rate throughout the projection period, making it the most populous region. As a result of their rapidly growing populations, China and India are the most important contributors in this area.
Population growth in Asia-Pacific has resulted in the region's dominance of the nutritious bar business. Additionally, the presence of major prominent stakeholders would contribute to expanding the nutritional bar industry in the area throughout the projection timeframe. As a result of the increasing demand for nutritious bars, North America is expected to see considerable expansion in the nutritional bar market share during the forecast period. Furthermore, nutritional bars are expected to expand in popularity in the area in the next years due to the rising number of health-conscious people.
Industry News
Since the beginning of 2017, SternLife GmbH Co. KG has been manufacturing vegan, organic bars, using organically farmed dates as the base for its products.
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