Nutrition Bars Market - Global Industry, Analysis, Size, Share, Trends, and Forecast 2020 - 2030

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Nutrition Bars Market - Global Industry, Analysis, Size, Share, Trends, and Forecast 2020 - 2030

Status : December, 2022 | Food and Beverages

Report Digest

Nutrition Bars Market: Overview

The increasing cases of chronic and acute diseases have propelled people to become aware of the benefits of healthy diet consumption and the importance of exercise. This further resulted in a rising inclination towards nutritious food products, especially snacks and bars. This incline in the demand for healthy snacks and bars is expected to boost the growth of the global nutrition bars market during the forecast period, 2020 to 2030.

The global nutrition bars market is classified on the basis of product type, format, function, packaging, nature, sales channel, and region. Based on product type, the market is categorized into low carbohydrate bars, meal replacement bars, protein-rich bars, energy bars. As per classification by nutrition, the market is grouped into multilayer, double layer, co-extruded, and extruded. In terms of function, the global nutrition bars market is classified into functional food, sports & fitness, weight management, and others. Based on classification by packaging, the market is divided into boxes, wrappers, and others. Among these, the wrappers section is again sub-divided into paper wrappers, metallic films, matte wrappers, and clear wrappers. With respect to nature, the global nutrition bars market is bifurcated into conventional and organic. As per classification by sales channel, the market is categorized into online retail, departmental stores, specialty stores, modern retail, institutional sales, and others.

The report offers a 360-degree overview of the market and its prime growth trajectories such as drivers, restraints, and current trends. It also focuses on the impact of the novel COVID19 pandemic on this market and what are the factors that may help create new growth opportunities for the market in the coming years. Additionally, the report lists the table of segmentation and names the leading segment with the factors attributing to its growth. Furthermore, the report lists the number of players and their prime contributions to the market in terms of innovations and product launches.

Nutrition Bars Market: Company Profile

Players are emphasizing on expansion of the product portfolio and offering niche preferences to the consumers worldwide so as to gain an upper hand in the overall market competition. Apart from this, some of the other players are incorporating various ingredients into nutritional bars to enhance their flavors, thereby establishing their brand presence in the overall competition. Some of the vendors of this market include:

  • Viba Sweets GmbH
  • Frankonia Schokoladenwerke GmbH
  • Leader Foods OY
  • Halo Foods Ltd.
  • Anona GmbH
  • Prinsen Food Group B.V.
  • SAS
  • Atlantic Grupa D.D.
  • Glanbia Plc.
  • Nutrition & Sante SAS
  • Others

Nutritional Bars Market: Notable Developments

  • Two European countries, Gustav Berning and Prinsen Food Group B.V. entered into joint venture for the production of high quality protein bars in the region. The two organizations have their own R&D offices and large-scale production offices for the development of the Active Nutrition product range.

Nutritional Bars Market: Trends and Opportunities

The advent of smart labeling on product packaging has been propelling the global nutrition bars market. Vendors are utilizing smart labeling techniques on their products referencing fortified or added useful ingredients/components present in confectionery bars to hide the presence of high calories or sugar levels. Besides this, some players have already started offering products under explicit wellbeing fragment, for example, diabetes-friendly, digestion improvement, and psychological upgrade, among others.

Nutritional Bars Market: Regional Analysis

As of the current scenario, the global nutrition bars market is dominated by Europe on account of the increasing demand for functional bars and its high sales records. Additionally, the high popularity of beverage diet in and around the European region is also expected to aid in favor of the market in the coming years.

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5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?