Organic Energy Bar Market Outlook, Growth, Regional Revenue, Top Competitor, Forecast 2032
Organic Energy Bar Market Overview
Organic
Energy Bar Market is set to grow at a 9.12% CAGR with USD 0.65 Billion by 2032
The global
organic energy bar market is driven mainly by the rising demand for healthy
food among city dwellers, which plays a vital role in the growth of the market.
Awareness of the contribution of dietary products to healthy foods is expected
to play a leading role in the global organic energy market over the forecast
period.
The
increasingly favorable social perception of organic food is expected to be a
significant driver of the global organic
energy bar market outlook during the forecast period. Although organic food
has no significant improvement in nutritional value and studies have shown that
organic farming is not significantly better for the environment than
conventional agriculture, the popularity of natural products has increased,
especially among high-income demographic groups. increasingly prefer
biologically labeled foods.
Innovation
in the production of energy bars with various flavors and compositions is
probably an essential strategy for participants in the global organic energy
bar market during the forecast period as price competition is unlikely to arise
in the market. The intensification of gluten intolerance-related demographics
may also play a critical role in the growth of the global organic energy bar
market during the forecast period as companies that meet these demographic
criteria do not make significant gains in their competitors. Trends of
on-the-go snacking and popularity of fusion flavors are some of key reason
responsible for the growth of the organic energy bar market.
On the other
hand, the negative impact of product distribution challenges, product recalls,
available substitutes might hamper the growth of the global market.
Major
Players
Manufacturers
of the organic energy bars have gained a significant drive owing to the growing
trend of consuming functional foods. Some of the leading players contributing
with their product include Clif Bar & Company, General Mills Inc., Mehret
Bar,.TAOS MOUNTAIN ENERGY FOODS, LLC, BumbleBar Inc., TRIUM INNOVATIONS INC.
,Fullwell Mill Ltd, CHIMPANZEE NATURAL NUTRITION, Haco Holding AG,Atkins
Nutritionals, Inc., Quest Nutrition, LLC, McKee Foods Corporation, Kellogg
Company, Quaker Oats Company, PowerBar, Inc., and Abbott Nutrition
Manufacturing Inc.
Segmentation
The global organic
energy bar market insights is segmented on various aspects such as
category, ingredients, and distribution channel.
The
category segment is classified into conventional and gluten-free.
Based on
ingredients, the global is bifurcated into fruits, cereals, nuts and seeds,
sweeteners, and others. Cereals energy
bar subsegment dominates the global organic energy bar market. The growing
acceptance of the organic energy bars and development of fruit-flavored bars is
anticipated to propel the demand in the market.
Moreover,
the global organic energy bar market is also classified based on the distribution
channel into store-based and non-store-based. Further, supermarkets,
convenience stores, retailers, and others are sub-segments of store-based
segments in the global organic energy bar market.
Regional
Insights
North
America is anticipated to influence the global organic energy bar market during
forecast period, owing to the increasing demand for organic food in North
America.
Europe is
also the highest consumer of organic products and is expected to sustain its
significant portion in the global organic energy bar market in the coming
period. Asia Pacific is projected to reach a peak in terms of growth rate owing
to the high demand for organic energy bars, which happen to be a novelty in
many areas of the region. China might lead in the Asia Pacific market on the
basis of consumption and rapidly evolving retail sector.
Industry
Updates
In Sept
2019, Taos Mountain Energy Bars, A Mexico-based energy bar manufacturer has
rebranded itself as Taos Bakes and intends to expand through its subscription
service. Taos Bakes worked jointly with Albuquerque-based Ripe Inc. for the
rebranding project. Its latest packaging features bright and radiant colors and
haikus printed on the back. Jakob Schiller, CMO said the new name change and
branding reflect the company's unique business model that is planned to venture
beyond the energy bar market.
NOTE:
Our Team of Researchers are Studying Covid19 and its Impact on Various Industry
Verticals and wherever required we will be considering Covid19 Footprints for
Better Analysis of Market and Industries. Cordially get in Touch for More
Details.
Contact
us:
Market
Research Future (part of Wantstats Research and Media Private Limited),
99
Hudson Street,5Th Floor, New York, New York 10013, United States of America
Comments
Post a Comment