The new report by Expert Market Research titled, ‘Global Cereal Bars Market Analysis, Share, Size, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global cereal bars market, assessing the market based on its segments like product, distribution channel, and regional market among others.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
The key highlights of the report include:
Market Overview (2018-2028)
- Historical Market Size (2022): USD 12.98 billion
- Forecast CAGR (2023-2028): 4%
Over the forecast period, the increasing purchasing power parity is expected to drive snack demand. In countries such as China, the United States, and India, high demand for healthy cereal bar products is expected to boost growth. Granola bars help to strengthen bones, improve skin quality, and control diabetes while lowering blood pressure, so the industry is expected to grow. In Europe, the cereal bar market is growing due to the growing snacking trend among younger consumers. Due to busy lifestyles and shifting dietary patterns, there is an increase in demand for healthy and ready-to-eat (RTE) food products like cereal bars that help people maintain a balanced diet. Furthermore, the increasing participation of individuals in physical activities is aiding market expansion. Additionally, as people become more health-conscious, demand for natural ingredients such as coconuts, peas, almonds, and velvety cocoa butter, as well as sunflower and chia seeds, is increasing. Gluten-free, sugar-free, and non-genetically modified (non-GMO) varieties with no additives or preservatives are also available from the major companies.
Industry Definition and Major Segments
Cereal bars are fortified with vitamins, minerals, and other critical nutrients and are made with corn starch, biscuits, oats, rice, milk, and edible adhesives. Iron, carbohydrates, fibre, proteins, antioxidants, phosphorus, and potassium are all abundant in these bars. They can help you gain energy, lose weight, gain muscle mass, improve digestion, and strengthen your bones. They can also aid with diabetes management, blood sugar control, and blood pressure control, as well as reducing appetite and providing extra energy during endurance sports. There is a rise in demand for nutritious and ready-to-eat (RTE) food products like cereal bars that help consumers maintain a balanced diet due to busy lives and altering dietary habits. Additionally, the growing popularity of physical activities is helping to expand the market. Furthermore, as people become more health-conscious, demand for natural ingredients like coconuts, peas, almonds, and silky cocoa butter, as well as sunflower and chia seeds, is growing. The main brands also provide gluten-free, sugar-free, and non-genetically modified (non-GMO) versions with no chemicals or preservatives.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/cereal-bars-market
On the basis of Product, cereal bars market is segmented into:
• Granola/Muesli Bars
• Other Bars
Based on the Distribution Channel, cereal bars market is divided into:
• Convenience Stores
• Supermarkets/Hypermarkets
• Speciality Stores
• Online Stores
• Other Distribution Channels
The major regional markets of cereal bars market are:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
During the forecast period, establishing connected warehouses at crucial areas to transport goods in a timely manner is expected to be a key driving force in the cereal bars industry. Due to a change in consumer eating behaviours such as snacking in between meals and consuming snacks instead of complete meals, North America had a high demand share in the cereal bars market in 2020. Individuals’ intake of healthy food products, such as cereal bars, has grown as a result of the COVID-19 epidemic. Market participants, on the other hand, are unable to fulfil rising demand due to government-imposed restrictions and broken supply chains in numerous nations. Once the lockdown limitations are lifted, the market is expected to rebound.
Key Market Players
The major players in the market are PepsiCo, Inc. (NASDAQ: PEP), Kellogg Co., General Mills, Clif Bar & Company, Freedom Nutritional Products Limited (Arrovest Pty. Ltd.), Yoga Bar, Kind LLC, NuGo Nutrition, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Related Reports:
Global Fracture Fixation Products Market: https://www.expertmarketresearch.com/reports/fracture-fixation-products-market
Global Foot Orthotic Insoles Market: https://www.expertmarketresearch.com/reports/foot-orthotic-insoles-market
Global Food-Grade Industrial Gases Market: https://www.expertmarketresearch.com/reports/food-grade-industrial-gases-market-report
Global Food Waste Management Market: https://www.expertmarketresearch.com/reports/food-waste-management-market
Global Food Processing and Handling Equipment Market: https://www.expertmarketresearch.com/reports/food-processing-and-handling-equipment-market
Global Foam Glass Market: https://www.expertmarketresearch.com/reports/foam-glass-market
Global Fluid Loss Additives Market: https://www.expertmarketresearch.com/reports/fluid-loss-additives-market
Global Floor Coatings Market: https://www.expertmarketresearch.com/reports/floor-coatings-market
Global Flame Retardant Masterbatches Market: https://www.expertmarketresearch.com/reports/flame-retardant-masterbatches-market
Global FISH Probe Market: https://www.expertmarketresearch.com/reports/fish-probe-market
About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
Media Contact
Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Email: sales@expertmarketresearch.com
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com
Also Visit: https://expertmarketresearch-emr.blogspot.com/
Also, Check Procurement Intelligence which provides you Infallible research solutions.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
