Snack Bars Market Strategies and Share 2031
Snack bars are nutritious and high-calorie, lightweight, and easy to carry popular snack foods. The snack bars are often mixed with corn or honey syrup and are simplified to form a bar that makes it easy to take packed lunches, hikes, or other outdoor activities. Various popular flavor components for plant-based snack bars include beet, spirulina, orange, peanut butter, brownie, etc.
MARKET DYNAMICS
The global snack bars market is witnessing a notable growth rate and is expected to continue to do during the forecast period. The growth of the market can be attributed to the busy lifestyle and the number of nuclear families rises in developed nations. Further, more people than ever are heading towards sports and athletics, increasing the need for smaller portions of highly nutritious food. Snack bars packed with fruit, nuts, and cereals thus boost demand growth and hold high expectations for future gains. Additionally, there is also a rise in demand for plant-based or vegan snack bars. CliffBar and the brand launched a vegan granola bar last year. This year, Disney launched the "Snacks with Character" line of such snack bars. The idea of traveling is not limited to staying lavishly at the finest of hotels and spending time inside city limits. The travel industry is therefore building demand for snack bars with more people now going hiking, trekking, and visiting remote areas for fun and excitement.
MARKET SCOPE
The "Global Snack bars Market Analysis to 2031" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the snack bars market with detailed market segmentation by product type, distribution channel, and geography. The global snack bars market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading snack bars market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global snack bars market is segmented on the basis of product type, and distribution channel. Based on product type, the global snack bars market is segmented into granola bars, protein bars, breakfast bars, and others. Based on distribution channel, the market is bifurcated into supermarkets and hypermarkets, convenience stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global snack bars market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The snack bars market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the snack bars market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the snack bars market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global snack bars market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The snack bars market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the snack bars market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the snack bars market in these regions.
MARKET PLAYERS
The reports cover key developments in the snack bars market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Snack bars market are anticipated to lucrative growth opportunities in the future with the rising demand for Snack bars in the global market. Below mentioned is the list of few companies engaged in the Snack bars market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the Snack bars market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Kellogg
- Natural Balance Foods
- Luna Bar
- Concord Foods
- Clif Bar
- General Mills
- Quaker
- Fiber One
- Nature Valley
- KIND Snacks
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Snack Bars Market - By Product Type
1.3.2 Snack Bars Market - By Distribution Channel
1.3.3 Snack Bars Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SNACK BARS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SNACK BARS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SNACK BARS MARKET - GLOBAL MARKET ANALYSIS
6.1. SNACK BARS - GLOBAL MARKET OVERVIEW
6.2. SNACK BARS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SNACK BARS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. GRANOLA BARS
7.3.1. Overview
7.3.2. Granola bars Market Forecast and Analysis
7.4. PROTEIN BARS
7.4.1. Overview
7.4.2. Protein bars Market Forecast and Analysis
7.5. BREAKFAST BARS
7.5.1. Overview
7.5.2. Breakfast bars Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. SNACK BARS MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. CONVENIENCE STORES
8.4.1. Overview
8.4.2. Convenience Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. SNACK BARS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Snack Bars Market Overview
9.1.2 North America Snack Bars Market Forecasts and Analysis
9.1.3 North America Snack Bars Market Forecasts and Analysis - By Product Type
9.1.4 North America Snack Bars Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Snack Bars Market Forecasts and Analysis - By Countries
9.1.5.1 United States Snack Bars Market
9.1.5.1.1 United States Snack Bars Market by Product Type
9.1.5.1.2 United States Snack Bars Market by Distribution Channel
9.1.5.2 Canada Snack Bars Market
9.1.5.2.1 Canada Snack Bars Market by Product Type
9.1.5.2.2 Canada Snack Bars Market by Distribution Channel
9.1.5.3 Mexico Snack Bars Market
9.1.5.3.1 Mexico Snack Bars Market by Product Type
9.1.5.3.2 Mexico Snack Bars Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Snack Bars Market Overview
9.2.2 Europe Snack Bars Market Forecasts and Analysis
9.2.3 Europe Snack Bars Market Forecasts and Analysis - By Product Type
9.2.4 Europe Snack Bars Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Snack Bars Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Snack Bars Market
9.2.5.1.1 Germany Snack Bars Market by Product Type
9.2.5.1.2 Germany Snack Bars Market by Distribution Channel
9.2.5.2 France Snack Bars Market
9.2.5.2.1 France Snack Bars Market by Product Type
9.2.5.2.2 France Snack Bars Market by Distribution Channel
9.2.5.3 Italy Snack Bars Market
9.2.5.3.1 Italy Snack Bars Market by Product Type
9.2.5.3.2 Italy Snack Bars Market by Distribution Channel
9.2.5.4 United Kingdom Snack Bars Market
9.2.5.4.1 United Kingdom Snack Bars Market by Product Type
9.2.5.4.2 United Kingdom Snack Bars Market by Distribution Channel
9.2.5.5 Russia Snack Bars Market
9.2.5.5.1 Russia Snack Bars Market by Product Type
9.2.5.5.2 Russia Snack Bars Market by Distribution Channel
9.2.5.6 Rest of Europe Snack Bars Market
9.2.5.6.1 Rest of Europe Snack Bars Market by Product Type
9.2.5.6.2 Rest of Europe Snack Bars Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Snack Bars Market Overview
9.3.2 Asia-Pacific Snack Bars Market Forecasts and Analysis
9.3.3 Asia-Pacific Snack Bars Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Snack Bars Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Snack Bars Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Snack Bars Market
9.3.5.1.1 Australia Snack Bars Market by Product Type
9.3.5.1.2 Australia Snack Bars Market by Distribution Channel
9.3.5.2 China Snack Bars Market
9.3.5.2.1 China Snack Bars Market by Product Type
9.3.5.2.2 China Snack Bars Market by Distribution Channel
9.3.5.3 India Snack Bars Market
9.3.5.3.1 India Snack Bars Market by Product Type
9.3.5.3.2 India Snack Bars Market by Distribution Channel
9.3.5.4 Japan Snack Bars Market
9.3.5.4.1 Japan Snack Bars Market by Product Type
9.3.5.4.2 Japan Snack Bars Market by Distribution Channel
9.3.5.5 South Korea Snack Bars Market
9.3.5.5.1 South Korea Snack Bars Market by Product Type
9.3.5.5.2 South Korea Snack Bars Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Snack Bars Market
9.3.5.6.1 Rest of Asia-Pacific Snack Bars Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Snack Bars Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Snack Bars Market Overview
9.4.2 Middle East and Africa Snack Bars Market Forecasts and Analysis
9.4.3 Middle East and Africa Snack Bars Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Snack Bars Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Snack Bars Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Snack Bars Market
9.4.5.1.1 South Africa Snack Bars Market by Product Type
9.4.5.1.2 South Africa Snack Bars Market by Distribution Channel
9.4.5.2 Saudi Arabia Snack Bars Market
9.4.5.2.1 Saudi Arabia Snack Bars Market by Product Type
9.4.5.2.2 Saudi Arabia Snack Bars Market by Distribution Channel
9.4.5.3 U.A.E Snack Bars Market
9.4.5.3.1 U.A.E Snack Bars Market by Product Type
9.4.5.3.2 U.A.E Snack Bars Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Snack Bars Market
9.4.5.4.1 Rest of Middle East and Africa Snack Bars Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Snack Bars Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Snack Bars Market Overview
9.5.2 South and Central America Snack Bars Market Forecasts and Analysis
9.5.3 South and Central America Snack Bars Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Snack Bars Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Snack Bars Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Snack Bars Market
9.5.5.1.1 Brazil Snack Bars Market by Product Type
9.5.5.1.2 Brazil Snack Bars Market by Distribution Channel
9.5.5.2 Argentina Snack Bars Market
9.5.5.2.1 Argentina Snack Bars Market by Product Type
9.5.5.2.2 Argentina Snack Bars Market by Distribution Channel
9.5.5.3 Rest of South and Central America Snack Bars Market
9.5.5.3.1 Rest of South and Central America Snack Bars Market by Product Type
9.5.5.3.2 Rest of South and Central America Snack Bars Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SNACK BARS MARKET, KEY COMPANY PROFILES
11.1. CLIF BAR
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CONCORD FOODS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. FIBER ONE
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENERAL MILLS
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KELLOGG
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KIND SNACKS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. LUNA BAR
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. NATURAL BALANCE FOODS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. NATURE VALLEY
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. QUAKER
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Clif Bar
2. Concord Foods
3. Fiber One
4. General Mills
5. Kellogg
6. KIND Snacks
7. Luna Bar
8. Natural Balance Foods
9. Nature Valley
10. Quaker
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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