Know in Details about Cereal Bars Market Trends, Overview, Competitive Breakdown and Regional Forecast to 2032
The global cereal bars market size is set to be valued at US$ 13,221.3 Mn in 2022. As per FMI, the market is expected to reach a valuation of US$ 22,798.9 Mn by the end of 2032 and exhibit growth at a CAGR of 5.6% during the forecast period (2022-2032).
Plant-based products are both healthier and safer than
animal-based products. The cereal bars industry is being driven by the growing
popularity of veganism and health consciousness among consumers around the
world. Besides, various dietary requirements such as low or no sugar content,
low cholesterol levels, and low salt content of consumers can be easily met by
cereal bars, thereby pushing sales.
Cereal bars are linked to weight gain and weight loss. A new
study, which was published in the International Journal of Obesity, followed a
group of overweight adults for 16 weeks. Participants who ate two cereal bars
per day lost an average of 5% of their body weight, while those who did not eat
cereal bars gained an average of 1%, which has led to a growing consumer
preference for these bars. These factors are projected to accelerate the cereal
bars market in the next decade.
Another factor driving the increased sales of cereal bars is
the fact that they are an easy and affordable way to get a nutritious breakfast
or snack on-the-go. With more people leading busy lifestyles, cereal bars offer
a quick and easy solution for those who want to make sure they are getting a
nutritious meal or snack. As they are compact and easy to transport, cereal
bars are a great option for busy people on the go. To keep up with the changing
cereal bars market trends, manufacturers are developing novel ways to
incorporate their products into various processed foods.
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Key Takeaways: Cereal Bars Market
- India
currently holds a cereal bars market share of around 33.2% in
South Asia.
- By
product type, the granola bar segment is set to generate a significant
share of 23.2% in 2022 in the global cereal bars market.
- During
the forecast period, the U.K. cereal bars industry is expected to grow at
a considerable CAGR of 6.6%.
- During
the forecast period, the Germany cereal bars market is set to exhibit
growth at a high CAGR of 4.8 %.
- During
the forecast period, the France cereal bars market is estimated to grow at
a steady CAGR of 5.5%.
“Increasing adoption of meal replacement cereal bars
by people who are trying to lose weight, or by athletes and bodybuilders who
need a quick source of energy before or after a workout is projected to boost
the market,” says a lead analyst at Future Market Insights.
Competitive Landscape: Cereal Bars Market
Top 5 manufacturers in the global cereal bars market are
Nestlé SA, General Mills, Inc., Atkins Nutritionals, Kellogg Company, and
Quaker Oats Co. These companies are together holding 20% to 30% of
the global cereal bars market share.
Companies are using cereal bars in their break rooms and
vending machines. These bars are a healthy alternative to traditional snacks
like candy bars and chips. They are also convenient and easy to eat on-the-go.
With increasing research & development activities and technological
advancements, companies are finding new techniques to effectively use cereal
bars and bakery items to their maximum potential.
Clif Bar, for instance, is a company that makes cereal bars
and other energy snacks. Clif Bar uses cereal grains in its products as they
provide the body with sustained energy. The company’s products are specially
designed to be nutritious and convenient, so that people can have a healthy
snack or meal on-the-go.
Get More Valuable Insights on Cereal Bars Market
Future Market Insights, in its new offering, provides an
unbiased analysis of cereal bars presenting historical demand data (2017-2021)
and forecast statistics for the period from 2022-2032.
The study provides valuable insight on the cereal bars
market based on by product type (snack bar, energy & nutrition bar, protein
bar, granola bar, others), by flavor (caramel, chocolate, peanut butter, honey
and others), by distribution channel (supermarkets/hypermarkets, convenience
stores, e-commerce, specialty stores, others), by application (boost energy,
muscle building, weight gainer, meal replacement, lean muscle), by form (solid,
liquid).
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Cereal Bars Market Outlook by Category
By Product Type:
- Snack
Bar
- Energy
& Nutrition Bar
- Protein
Bar
- Granola
Bar
- Others
By Application:
- Boost
Energy
- Muscle
Building
- Weight
Gainer
- Meal
Replacement
- Lean
Muscle
By Flavor:
- Caramel
- Chocolate
- Peanut
Butter
- Honey
- Others
By Distribution Channel:
- Supermarkets/Hypermarkets
- Convenience
Stores
- E-Commerce
- Specialty
Stores
- Others
By Form:
- Solid
- Liquid
By Region:
- North
America
- Latin
America
- Europe
- East
Asia
- South
Asia
- Oceania
- Middle
East & Africa (MEA)
Information Source:
https://www.futuremarketinsights.com/reports/cereal-bars-market
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