Granola
The research report on Granola Market is segmented by Product Type, by Cereals, by Distribution Channel and by Region – Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025
The research report on Granola Market is segmented by Product Type, by Cereals, by Distribution Channel and by Region – Size, Share, Outlook, and Opportunity Analysis, 2018 - 2025
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<strong>Granola</strong> Market – Size, Share, Outlook, and<br />
Opportunity Analysis, 2018 - 2025<br />
<strong>Granola</strong> is an on-the-go breakfast snack, which is baked and consists of oats, nuts,<br />
and sweeteners such as honey or sugar. Dried fruits such as raisins and dates, are<br />
sometimes added to granola. <strong>Granola</strong> is condensed into a bar making it easy carry<br />
for hiking, short trips or other outdoor activities. It is consumed with fresh fruits such<br />
as strawberries, bananas or blueberries, and other forms of cereal. It also serves as<br />
a topping for desserts.<br />
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Market Dynamics<br />
Various health benefits associated with consumption of granola such as weight<br />
management and its ability to maintain presence of healthy ingredients such as<br />
vitamins, minerals, and omega 3 is expected to be major factor for growth of the<br />
global granola market. There are numerous brands such as ConAgra foods, Nestlé<br />
that offer products containing high level of fibers that aids in weight maintenance and<br />
to maintain digestive health. <strong>Granola</strong>, induced with flax seeds, is helpful in improving<br />
digestion. The added health benefits and the growing demand for granola is a major<br />
driver that is expected to boost growth of the global granola market in the forecast<br />
period.<br />
However, presence of herbicides in granola-based products is a major restraint<br />
negatively impacting growth of the global granola market. For instance, according to<br />
a study by the U.S.-based Environmental Working Group in 2018, a number of<br />
cereals, granola bars, and oat-based products contained glyphosate, which is found<br />
to be carcinogenic. These factors are expected to hamper growth of the global<br />
granola market during the forecast period.<br />
Market Trends<br />
Rising demand for vegan based products boosts demand for packaged snack food<br />
items such as granola bars among consumers on a large scale. Hence,<br />
manufactures are engaging in manufacturing a large variety of vegan granola bars.<br />
For instance, Nature Valley Crunchy <strong>Granola</strong> Bars and Earnest Eats Vegan Chewy<br />
<strong>Granola</strong> Bars are some vegan granola bars available in the market.
Market Outlook<br />
By product type, the bars segment is expected to grow at the fastest rate during the<br />
forecast period. <strong>Granola</strong> bars consists of granola mixed with honey or artificial syrup,<br />
that is pressed and baked into a bar, resulting in the production of a convenient<br />
on-the-go snack. <strong>Granola</strong> bars are packaged using a sealed pouch for retaining its<br />
freshness as well as easy better handling for consumption at a later point.<br />
Europe is expected to be the leading region in the global granola market in 2017 and<br />
is expected to continue its dominance during the forecast period (2018-2025). This is<br />
due to high demand for on-the-go breakfast products in the region. According to<br />
Coherent Market Insights, Europe was the largest market for on-the-go breakfast<br />
products with a market share of over 35% in 2016, and is expected to remain the<br />
leading region during the forecast period (2018-2025). Factors such as large working<br />
population, fast paced lifestyle, and high demand for packaged food, are expected to<br />
substantially increase demand for on-the-go breakfast products. For instance,<br />
according to the European Union, the economically active population in EU-28 was<br />
245 Mn in 2016. These factors are expected to drive demand for granola in Europe<br />
during the forecast period.<br />
Asia pacific is anticipated to be the fastest growing market for on the global granola<br />
market during the forecast period. The growth in the economy of the developing<br />
countries has increased the per capita income of the population which has altered<br />
their lifestyles in terms of feeding habits, which in turn has fuelled the market for<br />
granola. Moreover, due to the increasing working population in countries such as<br />
India, China and Japan, the need for convenience breakfast has surged significantly<br />
in these countries, thereby pushing the growth of this market.<br />
Key Players<br />
Key players operating in the global granola market are engaging in numerous<br />
organic and inorganic activities, in order to enhance their business presence in the<br />
market. For instance, MadeGood launched two new products in 2018, Soft Baked<br />
Mini Cookies and Crispy Light <strong>Granola</strong> in the market.<br />
Some of the key players operating in the granola market are Sunnycrunch, Kellogg<br />
Corners, General Mills, Nature Valley, Kraft Foods Inc., ConAgra foods, Nestlé,<br />
Slim-Fast Food Co., Clif Bar & Coand, and others.
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