The Energy Bar Market 2019-2023 with CAGR of 4.9% Research Report focuses on global Energy Bar status, growth, Trends, opportunity, and key players.
Global Energy Bar Market 2019 has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Energy Bar market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The study specifies the complete estimate of Global Energy Bar market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Get Sample Copy of this Report – https://www.360researchreports.com/enquiry/request-sample/13102566
The various contributors involved in the value chain of Energy Bar include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Players covered in this study:-
Overview of Energy Bar Market Research Report 2019-2023:-
The global energy bar market was at USD 5.1 billion in 2017 witnessing a CAGR of 4.9%, during the forecast period, 2018-2023. The global energy bar volume sale is expected to witness a CAGR of 2.7%, during the forecast period. North America surpassed a volume consumption of 180 million Kg of energy bar in 2017 with US the largest market.
The leading countries for Energy Bar consumption are US, Mexico, Japan, and Australia. North America is expected to grow at a faster pace due to high demand for cultured dairy products. Energy Bars are the supplement bars composed of cereals and high energy-providing nutrients such as protein, carbohydrates, vitamins, minerals, and other ingredients, which provide instant energy to the body. Energy bar market includes sports nutrition bars and snack bars designated to meet both daily and sports nutrition needs. Growing demand for functional food, indulgence, meal replacement, on-the-go snacking are various factors fueled the Energy Bar market growth.
On-the-go Snacking and Athleticism on Rise
The penetration of energy bar is higher between the age group of 18-44 years rather than those aged 45 or older. Consumption pattern as a meal replacement or breakfast option to supplement their diet. Rising gym going population to maintain health & fitness globally are more likely to consume nutrition bar. About 30% of the US consumer finds it difficult to prepare healthy meal/breakfast. More than half of UK adult struggle to get time for healthy eating. Consumers are increasingly going health conscious when it comes to bite in between meals. An on-the-go snacking industry, which is a billion dollar market, recorded a growth rate of 10% between 20110-2016. Featuring healthy benefits with convenience and nutritional component while on-the-go snacking fueled the nutrition bar market. Health & Wellness is the key trend driving dietary snack bar consumption pattern. High in energy and fiber content with clean label claim offers potential growth opportunity owing to increased consumer concern for natural ingredients. A company, such as Cliff energy bar targets athletes and gym going population, highlighting energy boosting component of the product.
North America Driving sales
Energy and nutrition bar continued its growth during the forecast period with US and Mexico the largest market. Energy Bar market size in US grew from USD 2.8 billion in 2014 to over USD 3 billion in 2018. The total snack, nutrition, and energy bar sale in US valued at USD 6.2 billion in 2014, rose 30% from 2009-2014. Increased consumer demand for nutritious product and rising clean label claims on product accelerated the market growth in the region. Product launch with various label claim, such as âno artificial additiveâ, âhigh or added fiberâ and âreduced sugarâ achieved strong growth in the past five years. Expensive brands offering product composed of natural and organic ingredient is expected to increase sales. Targeting emerging countries with larger young population, such as China, India is the potential energy bar market opportunity.
â¢ Feb 2018 – Alterra Mountain Company and Clif Bar announced a three-year strategic partnership. The new partnership named Clif Bar as the official energy bar of 11 location. The former company operates recreation, hospitality, real-estate development, food & beverage, and retail businesses
The global Energy Bar market is competitive with large number of existing multinational players. Innovative product launch and clean label ingredients are the various strategy adopted by these players. Private label brands provides tough competition to the existing players with their flavored product offerings.
Major players include – NATURES BOUNTY CO., KELLOGG NA CO, GLAXOSMITHKLINE PLC, GENERAL MILLS, INC., CLIF BAR & COMPANY, amongst others.
Inquire more or share questions if any for this Report @ https://www.360researchreports.com/enquiry/pre-order-enquiry/13102566
Reasons to Purchase this Report
WHAT DO WE PROVIDE IN THIS REPORT
- Energy Bar market along with Report Research Design:
- Energy Bar Market Historic Data (2013-2019):
- Industry Trends: Global Revenue, Status, and Outlook.
- Competitive Landscape: By Manufacturers, Development Trends.
- Product Revenue for Top Players: Market Share, Growth Rate, Current Market Situation Analysis.
- Market Segment: By Types, By Applications, By Regions/ Geography.
- Sales Revenue: Market Share, Growth Rate, Current Market Analysis.
- Energy Bar Market Influencing Factors:
- Market Environment: Government Policies, Technological Changes, Market Risks.
- Market Drivers: Growing Demand, Reduction in Cost, Market Opportunities and Challenges.
- Energy Bar Market Forecast (2019-2023):
- Market Size Forecast: Global Overall Size, By Type/Product Category, By Applications/End Users, By Regions/Geography.
- Key Data (Revenue): Market Size, Market Share, Growth Rate, Growth, Product Sales Price
Order a copy of Energy Bar Market Report 2019 @ https://www.360researchreports.com/purchase/13102566
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Energy Bar market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares split, and breakdowns have been determined using secondary sources and verified primary sources.
The report contains detailed information about the following points:
Energy Bar Industry Overview: Definitions, applications, classification and other basic information about the industry is covered in this part. Chain structure of the industry is given along with an analysis of various policies and news. Development of the industry is assessed with the information about the status of the industry in various regions.
Production Analysis: Capacity and production are analyzed for various types, regions, and manufacturers. In addition, revenue analysis for Energy Bar market is given with respect to these three aspects.
Methodological Data: Assembling process for the Energy Bar is contemplated in this area. The investigation covers crude material providers, gear providers, material cost, hardware cost, work cost, and different expenses. Limit and creation of different assembling plants, their circulation, and R&D status are additionally given.
Source and Consumption analysis: The supply, including import and fare, is examined and supply-utilization hole is clarified in the report. Import/send out figures are given for singular district including USA, Europe, Japan, and China.
Price, Cost, and Gross Analysis: Regarding regions, Energy Bar industry producers and sorts, cost and cost are dissected. In continuation, gross and gross edge are talked about.
Energy Bar Market Competition: organization profiles, item portfolios, limit, value, cost, gross and income of every one of the Energy Bar business key players are given. Likewise, contact quantities of these organizations are given.
Sale and Consumption Analysis: Energy Bar market utilization volume and esteem, both are given in the report by applications, sorts, and locales. Deal value investigation and Energy Bar piece of the pie in light of that is additionally included.
Addition Information: Contact data of raw material providers, hardware providers, Energy Bar showcase significant customers are given. For a new venture, a practicality examination is given.