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<strong>Food</strong> <strong>Bar</strong> <strong>Market</strong> to Develop Rapidly at<br />
CAGR of about 4.2% by 2023<br />
<strong>Market</strong> Overview<br />
<strong>Food</strong> bars are high in fiber and protein, which includes candy bars, protein bars, energy bars, oats bars,<br />
and others. They are consumed as a healthy alternative for snacks and are available in different flavors<br />
such as chocolate, fruits, peanut butter, savory, spices, and others. Among the different food bars, the<br />
energy bars are loaded with carbs and sugar mainly used for quick boost during long distance training<br />
sessions of an athlete. Whereas protein bars are high in protein content and are best used as a meal<br />
replacement.<br />
Competitive Analysis<br />
The major players in the food bars market<br />
<br />
<br />
<br />
<br />
<br />
<br />
<br />
Atkins Nutritionals, Inc. (U.S.)<br />
Clif <strong>Bar</strong> & Company. (U.S.)<br />
General Mills Inc. (U.S.)<br />
Kellogg Co. (U.S.)<br />
Nestle (Switzerland)<br />
Quaker Oats Company (U.S.)<br />
CAVEMAN FOODS (U.S.)<br />
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<strong>Market</strong> Forecast<br />
<strong>Food</strong> bars collectively include candy bars, protein bars, energy bars, oats bars, and others. The trend of<br />
consuming food bars as a snack between the meals is gaining popularity among all age groups, which is<br />
a major driving factor of the food bars market. Moreover, changing lifestyle and increasing number of<br />
working population is adding fuel to the growth of food bars market.<br />
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Increasing population of health conscious individuals is propelling the growth of food bars market across<br />
the globe. However, availability of a large number of product substitutes in the market may impact the<br />
market growth negatively. Nevertheless, all these factors are projected to contribute to the estimated<br />
CAGR of 4.2% of food bars market during the forecast period 2017-2023.<br />
Downstream Analysis<br />
On the basis of type, the food bars are segmented into candy bars, energy bars, protein bars, oats bars,<br />
and others. However, protein bars are growing at the fastest rate than the others. Protein bars are rich<br />
in protein content and its market is driven by the rising population of health conscious individuals<br />
focusing on nutritional level of the food.<br />
On the basis of flavors, the food bars are segmented into chocolates, fruits, peanut butter, savoury,<br />
spices, and others. Chocolate flavor dominates the global market. On the other hand, the peanut butter<br />
segment is expected to experience a steady growth over the forecast period.<br />
Based on the distribution channel, the food bars are segmented such as store based and non-store<br />
based channel. However, food bars are mainly sold through grocery wholesalers, retail stores, and food<br />
service providers.<br />
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Regional Analysis<br />
Global <strong>Food</strong> <strong>Bar</strong> <strong>Market</strong> is segmented into North America, Europe, Asia Pacific, and rest of the world<br />
(RoW). Asia Pacific is dominating the global food bars market and is expected to be the fastest growing<br />
market over the forecast period. In Asia pacific, India and China are the major contributors to market.<br />
Growing population along with rising disposable income and the increasing number of health conscious<br />
individuals are driving the market of this region.<br />
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In North America, the U.S. holds the major share of food bars market. Moreover, growing health<br />
awareness people likely to drive the European market. Additionally, continuous innovations projected to<br />
positively impact the market in rest of the world.<br />
<strong>Market</strong> Segmentation<br />
<strong>Food</strong> <strong>Bar</strong>s <strong>Market</strong> is segmented on the basis of type, flavor, distribution channel, and region.<br />
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