Market Overview:
The global snack bar market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for healthy snacks, increasing urbanization and changing lifestyles, and growing penetration of supermarkets and convenience stores. In terms of type, the cereal bar segment is expected to lead the global snack bar market during the forecast period, followed by energy bars. In terms of application, supermarkets are expected to account for the largest share of the global snack bar market during the forecast period.
Product Definition:
A snack bar is a small business, typically located in a convenience store or petrol station, that sells snacks and light meals. The importance of snack bars is that they provide customers with an easy and convenient way to purchase food items.
Cereal Bar:
Cereal bar is a low-calorie food product, which consists of cereals such as rice, wheat and barley. These are made by processing these cereals in a dry form and then mixing them with various ingredients such as nuts, fruits etc. to make it healthy snack.
Energy Bar:
An energy bar is a nutrition-rich snack that provides various nutrients such as carbohydrates, proteins and fats. It contains few calories in comparison to other confectionery products. The product is available in different forms including chewy bars, wafers, gels and others.
Application Insights:
The specialty store application segment led the global snack bar market in 2017. This is attributed to an increase in demand for gourmet products among consumers, especially in developed economies such as the U.S., Germany and France. Moreover, rising consumer interest towards healthy eating habits has resulted in a rise in demand for nutritious snacks with less calories and sugar content, which is expected to propel product demand over the forecast period.
The convenience store application segment accounted for more than 25% of total market share owing to increasing sales of packaged food items including chips, cookies and chocolate bars at these stores across the globe due to their accessibility along with increasing consumption of alcoholic beverages at these stores. In addition, growth of retail industry on account of increased consumer spending capacity on luxury goods & services coupled with high disposable income levels particularly among millennials has resulted in an increase snack sales at specialty stores globally which is further anticipated to drive product demand over the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to growing health concerns, increasing consumption of packaged food, and rising need for on-the-go products among consumers in this region. Asia Pacific is anticipated to witness significant growth over the next eight years owing to changing eating habits and increasing disposable income levels among consumers in emerging countries such as China and India. Furthermore, rising demand for healthy snacks will drive industry expansion over this period.
For instance; In January 2018; General Mills launched a range of Cheerios Protein Cereal Bars under brand name ‘Oops!’ which are available in two flavors namely chocolate chipotle cashew.
Growth Factors:
- Increasing demand for healthy snacks: The global snack bar market is expected to grow at a CAGR of 5.5% during the forecast period. This can be attributed to the increasing demand for healthy snacks, which are low in calories and high in nutritional value.
- Rising disposable income: The growth of the snack bar market is also driven by rising disposable incomes, especially in developing countries such as India and China. This has led to an increase in the demand for premium and exotic snack bars.
- Growing urbanization: Another key driver for the growth of the global snack bar market is growing urbanization, which has led to an increase in the number of working women who prefer convenient snacks over traditional meals during their break time.
Scope Of The Report
Report Attributes
Report Details
Report Title
Snack Bar Market Research Report
By Type
Cereal Bar, Energy Bar, Other Snack Bar
By Application
Supermarket, Convenience Store, Specialty Store, Online Store, Others
By Companies
Clif Bar and Company, Kind LLC, Post Holdings Inc., PepsiCo Inc., Hain Celestial Group, The Kellogg Company, Mars Incorporated, Nestle SA, General Mills Inc., Associated British Foods PLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Snack Bar Market Report Segments:
The global Snack Bar market is segmented on the basis of:
Types
Cereal Bar, Energy Bar, Other Snack Bar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Supermarket, Convenience Store, Specialty Store, Online Store, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Clif Bar and Company
- Kind LLC
- Post Holdings Inc.
- PepsiCo Inc.
- Hain Celestial Group
- The Kellogg Company
- Mars Incorporated
- Nestle SA
- General Mills Inc.
- Associated British Foods PLC
Highlights of The Snack Bar Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cereal Bar
- Energy Bar
- Other Snack Bar
- By Application:
- Supermarket
- Convenience Store
- Specialty Store
- Online Store
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Snack Bar Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A snack bar is a type of food service that specializes in providing quick, easy and affordable snacks for customers. Snack bars typically offer a variety of pre-packaged foods, as well as drinks and desserts.
Some of the major players in the snack bar market are Clif Bar and Company, Kind LLC, Post Holdings Inc., PepsiCo Inc., Hain Celestial Group, The Kellogg Company, Mars Incorporated, Nestle SA, General Mills Inc., Associated British Foods PLC.
The snack bar market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Snack Bar Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Snack Bar Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Snack Bar Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Snack Bar Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Snack Bar Market Size & Forecast, 2020-2028
4.5.1 Snack Bar Market Size and Y-o-Y Growth
4.5.2 Snack Bar Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Cereal Bar
5.2.2 Energy Bar
5.2.3 Other Snack Bar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Supermarket
6.2.2 Convenience Store
6.2.3 Specialty Store
6.2.4 Online Store
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Snack Bar Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Snack Bar Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Cereal Bar
9.6.2 Energy Bar
9.6.3 Other Snack Bar
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Supermarket
9.10.2 Convenience Store
9.10.3 Specialty Store
9.10.4 Online Store
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Cereal Bar
10.6.2 Energy Bar
10.6.3 Other Snack Bar
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Supermarket
10.10.2 Convenience Store
10.10.3 Specialty Store
10.10.4 Online Store
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Cereal Bar
11.6.2 Energy Bar
11.6.3 Other Snack Bar
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Supermarket
11.10.2 Convenience Store
11.10.3 Specialty Store
11.10.4 Online Store
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Cereal Bar
12.6.2 Energy Bar
12.6.3 Other Snack Bar
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Supermarket
12.10.2 Convenience Store
12.10.3 Specialty Store
12.10.4 Online Store
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Cereal Bar
13.6.2 Energy Bar
13.6.3 Other Snack Bar
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Supermarket
13.10.2 Convenience Store
13.10.3 Specialty Store
13.10.4 Online Store
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Snack Bar Market: Competitive Dashboard
14.2 Global Snack Bar Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Clif Bar and Company
14.3.2 Kind LLC
14.3.3 Post Holdings Inc.
14.3.4 PepsiCo Inc.
14.3.5 Hain Celestial Group
14.3.6 The Kellogg Company
14.3.7 Mars Incorporated
14.3.8 Nestle SA
14.3.9 General Mills Inc.
14.3.10 Associated British Foods PLC
