Snack Bars Market
PUBLISHED: 2020 ID: SMRC19832
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Snack Bars Market

Snack Bars - Global Market Outlook (2019 -2027)

5.0 (100 reviews)
5.0 (100 reviews)
Published: 2020 ID: SMRC19832

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Snack Bars Market is accounted for $21.88 billion in 2019 and is expected to reach $42.34 billion by 2027 growing at a CAGR of 8.6% during the forecast period. Increasing awareness about health and fitness and resultant predilection for healthy snack products are the major factors propelling market growth. However, high initial investments and marketing costs are restraining the growth of the market.

Snack bars are nourishing and high-calorie content which is frivolous and easy to carry well-liked snack food. The snack bars are often collective with corn or honey syrup and are condensed to form a bar that makes it easy to carry packed lunches, hiking, or other outdoor activities. Various prominent flavor components for plant-based snack bars include beet, spirulina, peanut butter, orange, brownie, and red berry.

Based on the distribution channel, the supermarkets/hypermarkets segment is likely to have a huge demand due to the growth of the organized retail sector; moreover, shelf spacing is growing which is likely to provide well-built visibility and accessibility of customer products. Attractive box packaging and discounts offered by these stores are also likely to contribute to the segment growth.

By geography, North America is estimated to have a lucrative growth due to the command for healthy foods. Snack and cereal bar manufacturers in the region are effectively gathering the increasing consumer demand for nutritious dietary snacks. Due to the high competition in the snack bars market in North America, manufacturers are launching variants of snack bars to differentiate their products in the market. 

Some of the key players profiled in the Snack Bars Market include  Associated British Foods, Cliff Bar and Company, General Mills, Halo Foods, KIND Snacks, Mars Inc., Nestle SA, PepsiCo, Post Holdings, The Kellogg Company, Nature Valley, Alpen and Jordan, Quaker Oats, Earnest Eats, and Oriole Healthy Foods.

Products Covered:
• Breakfast Bars
• Energy and Nutrition Bars
• Fruit Bars
• Cereal Bars 

Types Covered:
• Vegetarian Protein Bars
• Gluten Free Protein Bars

Distribution Channels Covered:
• Offline Distribution
• Online Distribution    

Ingredients Covered:
• Dried Fruits
• Nuts
• Whole Grains 

Sales Channels Covered:
• Aftermarket
• Manufacturer/Distributor/Service Provider

Applications Covered:
• Adult Female
• Adult Male
• Youth

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary             
              
2 Preface  
          
 2.1 Abstract            
 2.2 Stake Holders            
 2.3 Research Scope            
 2.4 Research Methodology            
  2.4.1 Data Mining           
  2.4.2 Data Analysis           
  2.4.3 Data Validation           
  2.4.4 Research Approach           
 2.5 Research Sources            
  2.5.1 Primary Research Sources           
  2.5.2 Secondary Research Sources           
  2.5.3 Assumptions           
              
3 Market Trend Analysis             
 3.1 Introduction            
 3.2 Drivers            
 3.3 Restraints            
 3.4 Opportunities            
 3.5 Threats            
 3.6 Product Analysis            
 3.7 Application Analysis            
 3.8 Emerging Markets            
 3.9 Impact of Covid-19            
              
4 Porters Five Force Analysis             
 4.1 Bargaining power of suppliers            
 4.2 Bargaining power of buyers            
 4.3 Threat of substitutes            
 4.4 Threat of new entrants            
 4.5 Competitive rivalry            
              
5 Global Snack Bars Market, By Product             
 5.1 Introduction            
 5.2 Breakfast Bars            
 5.3 Energy and Nutrition Bars            
 5.4 Fruit Bars            
 5.5 Cereal Bars            
  5.5.1 Granola/Muesli Bars           
              
6 Global Snack Bars Market, By Type             
 6.1 Introduction            
 6.2 Vegetarian Protein Bars            
 6.3 Gluten Free Protein Bars            
              
7 Global Snack Bars Market, By Distribution Channel             
 7.1 Introduction            
 7.2 Offline Distribution            
  7.2.1 Convenience Stores           
  7.2.2 Supermarkets/Hypermarket           
  7.2.3 Retail Stores           
  7.2.4 Department Store           
  7.2.5 E commerce           
  7.2.6 Specialty Stores           
 7.3 Online Distribution            
              
8 Global Snack Bars Market, By Ingredients             
 8.1 Introduction            
 8.2 Dried Fruits            
 8.3 Nuts            
 8.4 Whole Grains            
              
9 Global Snack Bars Market, By Sales Channel             
 9.1 Introduction            
 9.2 Aftermarket            
 9.3 Manufacturer/Distributor/Service Provider            
              
10 Global Snack Bars Market, By Application             
 10.1 Introduction            
 10.2 Adult Female            
 10.3 Adult Male            
 10.4 Youth            
              
11 Global Snack Bars Market, By Geography             
 11.1 Introduction            
 11.2 North America            
  11.2.1 US           
  11.2.2 Canada           
  11.2.3 Mexico           
 11.3 Europe            
  11.3.1 Germany           
  11.3.2 UK           
  11.3.3 Italy           
  11.3.4 France           
  11.3.5 Spain           
  11.3.6 Rest of Europe           
 11.4 Asia Pacific            
  11.4.1 Japan           
  11.4.2 China           
  11.4.3 India           
  11.4.4 Australia           
  11.4.5 New Zealand           
  11.4.6 South Korea           
  11.4.7 Rest of Asia Pacific           
 11.5 South America            
  11.5.1 Argentina           
  11.5.2 Brazil           
  11.5.3 Chile           
  11.5.4 Rest of South America           
 11.6 Middle East & Africa            
  11.6.1 Saudi Arabia           
  11.6.2 UAE           
  11.6.3 Qatar           
  11.6.4 South Africa           
  11.6.5 Rest of Middle East & Africa           
              
12 Key Developments             
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures            
 12.2 Acquisitions & Mergers            
 12.3 New Product Launch            
 12.4 Expansions            
 12.5 Other Key Strategies            
              
13 Company Profiling             
 13.1 Associated British Foods            
 13.2 Cliff Bar and Company            
 13.3 General Mills            
 13.4 Halo Foods            
 13.5 KIND Snacks            
 13.6 Mars Inc.            
 13.7 Nestle SA            
 13.8 PepsiCo            
 13.9 Post Holdings            
 13.10 The Kellogg Company            
 13.11 Nature Valley            
 13.12 Alpen and Jordan            
 13.13 Quaker Oats            
 13.14 Earnest Eats            
 13.15 Oriole Healthy Foods


List of Tables              
1 Global Snack Bars Market Outlook, By Region (2018-2027) ($MN)             
2 Global Snack Bars Market Outlook, By Product (2018-2027) ($MN)             
3 Global Snack Bars Market Outlook, By Breakfast Bars (2018-2027) ($MN)             
4 Global Snack Bars Market Outlook, By Energy and Nutrition Bars (2018-2027) ($MN)             
5 Global Snack Bars Market Outlook, By Fruit Bars (2018-2027) ($MN)             
6 Global Snack Bars Market Outlook, By Cereal Bars (2018-2027) ($MN)             
7 Global Snack Bars Market Outlook, By Granola/Muesli Bars (2018-2027) ($MN)             
8 Global Snack Bars Market Outlook, By Type (2018-2027) ($MN)             
9 Global Snack Bars Market Outlook, By Vegetarian Protein Bars (2018-2027) ($MN)             
10 Global Snack Bars Market Outlook, By Gluten Free Protein Bars (2018-2027) ($MN)             
11 Global Snack Bars Market Outlook, By Distribution Channel (2018-2027) ($MN)             
12 Global Snack Bars Market Outlook, By Offline Distribution (2018-2027) ($MN)             
13 Global Snack Bars Market Outlook, By Convenience Stores (2018-2027) ($MN)             
14 Global Snack Bars Market Outlook, By Supermarkets/Hypermarket (2018-2027) ($MN)             
15 Global Snack Bars Market Outlook, By Retail Stores (2018-2027) ($MN)             
16 Global Snack Bars Market Outlook, By Department Store (2018-2027) ($MN)             
17 Global Snack Bars Market Outlook, By E commerce (2018-2027) ($MN)             
18 Global Snack Bars Market Outlook, By Specialty Stores (2018-2027) ($MN)             
19 Global Snack Bars Market Outlook, By Online Distribution (2018-2027) ($MN)             
20 Global Snack Bars Market Outlook, By Ingredients (2018-2027) ($MN)             
21 Global Snack Bars Market Outlook, By Dried Fruits (2018-2027) ($MN)             
22 Global Snack Bars Market Outlook, By Nuts (2018-2027) ($MN)             
23 Global Snack Bars Market Outlook, By Whole Grains (2018-2027) ($MN)             
24 Global Snack Bars Market Outlook, By Sales Channel (2018-2027) ($MN)             
25 Global Snack Bars Market Outlook, By Aftermarket (2018-2027) ($MN)             
26 Global Snack Bars Market Outlook, By Manufacturer/Distributor/Service Provider (2018-2027) ($MN)             
27 Global Snack Bars Market Outlook, By Application (2018-2027) ($MN)             
28 Global Snack Bars Market Outlook, By Adult Female (2018-2027) ($MN)             
29 Global Snack Bars Market Outlook, By Adult Male (2018-2027) ($MN)             
30 Global Snack Bars Market Outlook, By Youth (2018-2027) ($MN)             
              
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.   

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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