Industry Background:
Cereal bar is a protein rich snacks. As cereal bars have enormous nutritional values such as fiber as well as proteins. It is being used extensively by the consumers. There is a growing popularity and demand for cereal bars, particularly among sports people; as these bars help to suppress appetite as well as maintain weight. Cereal bars are considered healthy substitutes to other snacks. The increasing popularity of cereal bars among all age groups will help to boost global cereal bar market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Kellogg (United States), General Mills (United States), Pepsi (United States), Nestlé (Switzerland), Quaker Oats (United States), Atkins Nutritionals (United States), Mckee (United States), Brueggen (Germany), Cliff Bar (United States) and Freedom Foods (Australia) |
According to AMA, the market for Cereal Bar is expected to register a CAGR of 3.86% during the forecast period to 2027. This growth is primarily driven by Increasing Consumer Preference towards Snack Bars, Fueling Health Awareness Energy Nutrition Bars and Rising Disposable Income and Changing Lifestyles.
Globally, a noticeable market trend is evident Up surging Demand for Sugar-Free Cereal Bars
The Food Products sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Kellogg (United States), General Mills (United States), Pepsi (United States), Nestlé (Switzerland), Quaker Oats (United States), Atkins Nutritionals (United States), Mckee (United States), Brueggen (Germany), Cliff Bar (United States) and Freedom Foods (Australia), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 26th December 2018, Kellogg's has launched Special K Protein Honey Almond Ancient Grains cereal with 15g of protein per serving, which climbs to 21g of protein per serving in a single bowl when served with ¾ cup skim milk, it will help to get well on way to reaching the daily protein recommendation of 46g for women.
On 21st February 2019, Kashi has launched its second product in the Kashi by Kids line: Kashi by Kids Organic Super Food Bites, made for kids, by kids. The soft baked snack bites are made with super food ingredients and a tasty berry or Fair-Trade cocoa and chocolate blend filling, providing fun layers of taste, texture and plant-based nourishment.
Influencing Trend:
Up surging Demand for Sugar-Free Cereal Bars, High Demand of Ready – to – Eat Food and Growth of Middle Class Population in Emerging Economies
Market Growth Drivers:
Increasing Consumer Preference towards Snack Bars, Fueling Health Awareness Energy Nutrition Bars and Rising Disposable Income and Changing Lifestyles
Challenges:
Threat from Alternative Snacking Products
Restraints:
Rising Cost of Raw Materials
Opportunities:
New Product Development with Protein Ingredients
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Cereal Bar Market
- Analysis about New Entrants in Cereal Bar Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Cereal Bar Study Sheds Light on
The Cereal Bar Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Cereal Bar industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Cereal Bar industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.