Press Release Description

Rising Consumer Interest in On-the-Go Snacks to Spur Growth in the Energy Bar Market

A recent research study by MarkNtel Advisors has revealed that the Global Energy Bar Market is set to record around 5.6% CAGR during 2023-28. Increasing health consciousness, changing dietary patterns, and the shift in taste preferences globally are the prime aspects projected to drive the market in the coming years. Developed nations like the USA are witnessing the maximum adoption of energy bars. Several consumers are subconsciously upscaling their average consumption of these bars.

The emerging trends of on-the-go snacking and the growing number of health clubs & fitness centers owing to the gradual lifestyle upgradation & escalating health concerns are other prominent factors paving the way for more & more sports nutrition products to surface in stores and, in turn, projected to drive the energy bar market in the coming years.

Nutrition Bars to Witness Fastest Growth in Demand through 2028

Nutrition bars comprise cereals or high-energy ingredients. The rapidly growing demand for these bars owes to their rising consumption by the young generation that doesn't have time for a proper meal and requires quick energy stimulation. In addition, the frequent strategic collaborations among the key players to introduce better nutrition bars are leading to the portfolio expansion of associated companies and, in turn, augmenting the overall growth of the energy bar industry.

Global Energy Bar Market

North America to Acquire the Notable Share of the Energy Bar Market

Rising fitness consciousness and higher disposable incomes are instigating the leading players in the North America Energy Bar Market to bring more products and fulfill the requirements of fitness enthusiasts. Sufficing the after-work out nutrient requirements is a prominent aspect that offers regional manufacturers opportunities to diversify their portfolios in terms of nutritional value & taste. Further, the growing interest of kids in these nutritional bars is further creating prospects for the key companies operating in the regional market.

Competitive Landscape

The key companies operating in the Global Energy Bar Market include Brighter Foods Ltd, Clif Bar & Company, General Mills, Inc., Kind LLC, McKee Foods Corporation, NuGo Nutrition, Premier Nutrition Inc., Probar LLC, Quest Nutrition, and the Kellogg Company.

Key Questions Answered in the Research Report

  1. What are the current & future trends in the Global Energy Bar Market?
  2. How has the industry been evolving in terms of geography & product adoption?
  3. How has the competition been shaping across various regions, followed by their comparative factorial indexing?
  4. What are the key growth drivers & challenges for the Global Energy Bar Market?
  5. What are the customer orientation, purchase behavior, & expectations from the leading players in the Global Energy Bar Market?

Market Segmentation:

  1. By Type (Protein Bar, Nutrition Bar, Cereal Bar, Fiber Bar, )
  2. By Nature (Organic, Conventional)
  3. By Distribution Channel (Hypermarkets & Supermarkets, Convenience Stores, Specialty Stores, Online)
  4. By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific)
  5. By Country (The US, Canada, Mexico, Brazil, Argentina, The UK, Germany, France, Italy, Spain, GCC, South Africa, China, Japan, South Korea, India, Australia)

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