Nutritional Bar Market Outlook with Investment, Gross Margin, and Forecast 2030
Nutritional Bar Market Overview
The Nutritional Bar market is expected
to register a CAGR of 4% from 2022 to 2030 and hold a value of over ~USD 1.84
billion by 2030.
The nutritional
bar market outlook is composed of a variety of high protein, low sugar, and
omega-3-rich options that are considered to be very healthy due to their
nutrient composition. However, due to the current pandemic, production of these
bars has declined due to disruptions in the supply of raw materials needed for
manufacturing. Additionally, stores have been closed which has further
decreased the availability of these bars.
Key Players
Some of the Nutritional Bar key market
players are Atkins Nutritionals Inc. (U.S.), and Clif Bar & Company.
(U.S.),General Mills Inc. (U.S.), Kellogg Co. (U.S.), Kashi Company (U.S.),
Quaker Oats Company (U.S.), Mars Incorporated (U.S.), GoMacro.
Market Segmentation
The global Nutritional
Bar market insights has been segmented into type, flavors, and distribution
channels.
Based on type, the market has been
segmented into protein bars, snack bars, whole foods car, meal replacement
cards, and others. And among these, a protein bar is dominating the Nutritional
Bar market. A protein bar is a healthy food that is popular among young
athletes and bodybuilders. Not only are they packed with protein (hence the
name) but they also have a lot of vitamins and minerals that your body needs to
function properly.
Based on flavors, the market has been
segmented into chocolate z peanut butter, fruits, spices, and others. Chocolate
is dominating the Nutritional Bar market. Chocolate is responsible for getting
people to eat more of these bars. Chocolate-covered health bars are at the top
of the charts and are not only popular with children, but also with
health-conscious adults who appreciate the tasty treat.
Based on the distribution channel, the
market has been segmented into stored-based and non-store-based. The non-store-based
segment is dominating the Nutritional Bar market. This is because this segment
offers a wider range of products and a more convenient shopping experience. In
addition, this segment also has a lower price point, which is appealing to
consumers. The non-store-based segment offers a variety of products, including
bars that are high in protein, fiber, and vitamins.
Regional Analysis
The Asia Pacific is the fastest-growing
region, and it is expected to grow at the highest CAGR rate in the forecast
period. India and China are the most contributing countries in this region due
to the increasing population. North America is also growing at a faster rate
due to the high demand for nutritional bars.
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),
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