Home / Food & Beverage / Snack Bars Market By Product Type (Breakfast Bars, Granola/Muesli Bars, Fruit Bars, Energy And Nutrition Bars, Others), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Sales, Specialty Stores, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Snack Bars Market By Product Type (Breakfast Bars, Granola/Muesli Bars, Fruit Bars, Energy And Nutrition Bars, Others), By Distribution Channel (Hypermarkets/Supermarkets, Convenience Stores, Online Sales, Specialty Stores, Others) - Growth, Share, Opportunities & Competitive Analysis, 2019 -2027

Published: Feb 2020 | Report Code: 60192-02-20

Key Market Insights

“Changing food preferences worldwide will enhance market growth”

The global snack bars market is growing substantially, anticipated to expand at CAGR of 6.9% throughout the forecast period from 2019 to 2027, starting from US$ 21.67 Bn in 2018.

The surge in changing food preferences coupled with growing health consciousness among consumers are expected to drive the global snack bars market. The rapidly growing snack food sales around the globe is further anticipated to boost market demand. The global snack food sales were valued at around US$ 3.7 Bn in 2018 and projected to expand at a CAGR of over 5% during the forecast period. The surge in consumer inclination towards high nutritional value products is expected to enhance the snack bars market growth. Changing lifestyle among millennial and increased physical activities are some key factors projected to drive the market demand over the forecast period.

The increasing demand from emerging economies such as India, China, Brazil, Indonesia, U.A.E and others is another factor anticipated to enhance the market growth. New product launch by major market players coupled with rising demand for ready-to-eat products is some other key factors projected to boost the market growth. For instance, In January 2018, Clif Bar & Company launched LUNA Rica bar. The aforementioned bar was the first nutrition bar for Women. The numerous benefits of snack bars such as cholesterol control, boosts energy, a great source of vitamin E, protein & fiber, helps in weight reduction and others are further expected to support market growth in years to come.

Market Synopsis

Snack Bars Market

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Distribution Channel Analysis

“Development of organized retail to spur the segment growth”

The hypermarkets/supermarkets accounted for the largest share in the global market in 2018. The segment contributed to around 40% of the global market share in the same year. The growth of the organized retail sector coupled with a rising number of hypermarkets/supermarkets stores worldwide are contributing to segment growth. The global retail sales were valued over US$ 24 Tn in 2018 and expected to reach US$ 30 Tn by 2023. Increasing shelf space coupled with attractive discounts offered is expected to drive the market growth substantially over the forecast period.

“Growing preference for online shopping anticipated to enhance the segment revenue”

The online sales segment is expected to expand at a rapid pace over the forecast period owing to the growing trend of online shopping coupled with growing internet penetration worldwide. Major market players had also started online shopping websites such as KIND LLC, Clif Bar & Company, Earnest East, and others is also anticipated to enhance the segment growth during the forecast period.

Snack Bars Market

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Regional Analysis

“Changing consumer lifestyle is projected to enhance the North America growth”

In 2018, North America dominated the global snack bars market and accounted for over 40% market share in the same year. The change in consumer lifestyle accompanied by rising health consciousness among the population are the major factor for regional dominance. Busy lifestyle and availability of a variety of snack bars are some major factors expected to enhance regional growth. The presence of major market players such as The Kellogg Company, Clif Bar & Company, Kind LLC and others is another key reason anticipated to further drive North America snack bars market. Major market players are launching new and innovative products in the North American market. For instance, In February 2018, PepsiCo launched three snack bars in the U.S. named- Naked Fruit, Veggie and Nut Bars. These bars are no preservatives, excellent source for iron and vitamins A, C & E.

“Rising health consciousness is expected to boost Asia Pacific growth”

On the contrary, Asia Pacific is expected to grow at the fastest CAGR over the forecast period owing to rising health consciousness and rapid urbanization in the region. The surge in changing lifestyles and growing inclination towards healthy food are some other factors expected to enhance regional growth throughout the forecast period.

Snack Bars Market

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Key Industry Developments:

  • In August 2019, Hershey acquired a minority stake in Europe based Fulfil Nutrition. The acquisition will help Hershey to expand its confectionery products in Europe and Fulfil Nutrition will enhance its geographical presence to the U.S.
  • In June 2018, Clif Bar & Company launched three new bars for summer named CLIF Fruit Smoothie Filled, CLIF Energy Granola, and CLIF Bar Sweet & Salty in the U.S.
  • In September 2019, Mars, Inc. acquired a significant share in Germany based Foodspring. The acquisition will help Mars, Inc. to enhance its geographic presence.    

List of Companies Covered:

Snack Bars Market

Historical & Forecast Period

This study report represents analysis for each segment from 2017 to 2027 considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027.

Market Segmentation

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Billion
Segmentation

 Product Type (2017–2027; US$ Bn)
 • Breakfast Bars
 • Granola/muesli Bars
 • Fruit Bars
 • Energy and Nutrition Bars
 • Others

 Distribution Channel (2017–2027; US$ Bn)
 • Hypermarkets/Supermarkets
 • Convenience Stores
 • Online Sales
 • Specialty Stores
 • Others (Independent Retailers, etc.)

 Geography (2017–2027; US$ Bn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, France, Rest of Europe)
 • Asia Pacific (Japan, China, India, Rest of Asia Pacific)
 • Rest of the World (Latin America, Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that give a better market understanding of the overall snack bars market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report

  • What are the current market trends and dynamics in the snack bars market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What are the drivers of the snack bars market?
  • Notable developments going on in the snack bars market.
  • What is the market trend and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Snack Bars (SB) Market
2.2. Global SB Market, by Product Type, 2018 (US$ Bn)
2.3. Global SB Market, by Distribution Channel, 2018 (US$ Bn)
2.4. Global SB Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global SB Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Snack Bars (SB) Market, by Product Type , 2017-2027 (US$ Bn)
4.1. Overview
4.1.1. Global Snack Bars Market Value, by Product Type, 2018 & 2027 (Value %)
4.2. Breakfast Bars
4.3. Granola/muesli Bars
4.4. Fruit Bars
4.5. Energy and Nutrition Bars
4.6. Others

5. Global Snack Bars (SB) Market, by Distribution Channel , 2017-2027 (US$ Bn)
5.1. Overview
5.1.1. Global Snack Bars Market Value, by Distribution Channel 2018 & 2027 (Value %)
5.2. Hypermarkets/Supermarkets
5.3. Convenience Stores
5.4. Online Sales
5.5. Specialty Stores
5.6. Others (Independent Retailers, etc.)

6. North America Snack Bars (SB) Market Analysis, 2017-2027 (US$ Bn)
6.1. Overview
6.1.1. North America SB Market Value and Growth, 2017-2027, (US$ Bn)
6.2. North America SB Market Value, By Product Type, 2017-2027 (US$ Bn)
6.2.1. Market Analysis
6.3. North America SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
6.3.1. Market Analysis
6.4. North America SB Market Value, By Region/Country, 2017-2027 (US$ Bn)
6.4.1. Market Analysis
6.4.2. U.S.
6.4.2.1. U.S. SB Market Value, By Product Type, 2017-2027 (US$ Bn)
6.4.2.2. U.S. SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
6.4.3. Rest of North America
6.4.3.1. Rest of North America SB Market Value, By Product Type, 2017-2027 (US$ Bn)
6.4.3.2. Rest of North America SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)

7. Europe Snack Bars (SB) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. Europe SB Market Value and Growth, 2017-2027, (US$ Bn)
7.2. Europe SB Market Value, By Product Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. Europe SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. Europe SB Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.4.2. U.K.
7.4.2.1. U.K. SB Market Value, By Product Type, 2017-2027 (US$ Bn)
7.4.2.2. U.K. SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
7.4.3. Germany
7.4.3.1. Germany SB Market Value, By Product Type, 2017-2027 (US$ Bn)
7.4.3.2. Germany SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
7.4.4. France
7.4.4.1. France SB Market Value, By Product Type, 2017-2027 (US$ Bn)
7.4.4.2. France SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe SB Market Value, By Product Type, 2017-2027 (US$ Bn)
7.4.5.2. Rest of Europe SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)

8. Asia Pacific Snack Bars (SB) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Asia Pacific SB Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Asia Pacific SB Market Value, By Product Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Asia Pacific SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Asia Pacific SB Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Japan
8.4.2.1. Japan SB Market Value, By Product Type, 2017-2027 (US$ Bn)
8.4.2.2. Japan SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
8.4.3. China
8.4.3.1. China SB Market Value, By Product Type, 2017-2027 (US$ Bn)
8.4.3.2. China SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
8.4.4. India
8.4.4.1. India SB Market Value, By Product Type, 2017-2027 (US$ Bn)
8.4.4.2. India SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
8.4.5. Rest of Asia Pacific
8.4.5.1. Rest of Asia Pacific SB Market Value, By Product Type, 2017-2027 (US$ Bn)
8.4.5.2. Rest of Asia Pacific SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)

9. Rest of the World Snack Bars (SB) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Rest of the World SB Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Rest of the World SB Market Value, By Product Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Rest of the World SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Rest of the World SB Market Value, By Region, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Middle East & Africa
9.4.2.1. Middle East & Africa SB Market Value, By Product Type, 2017-2027 (US$ Bn)
9.4.2.2. Middle East & Africa SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)
9.4.3. Latin America
9.4.3.1. Latin America SB Market Value, By Product Type, 2017-2027 (US$ Bn)
9.4.3.2. Latin America SB Market Value, By Distribution Channel, 2017-2027 (US$ Bn)

10. Company Profiles
10.1. Nature Valley
10.2. The Kellogg Company
10.3. The Quaker Oats Company
10.4. Kind LLC
10.5. Clif Bar & Company
10.6. Earnest Eats
10.7. Mars, Inc.
10.8. The Hain Celestial Group, Inc.
10.9. PepsiCo
10.10. Fulfil Nutrition
10.11. Nooro

* SB - Snack Bars

FIG. 1 Global Snack Bars (SB) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global SB Market Segmentation
FIG. 4 Global SB Market, by Product Type, 2018 (US$ Bn)
FIG. 5 Global SB Market, by Distribution Channel, 2018 (US$ Bn)
FIG. 6 Global SB Market, by Geography, 2018 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2018
FIG. 8 Global Market Positioning of Key SB Market Manufacturers, 2018
FIG. 9 Global SB Market Value Contribution, By Product Type, 2018 & 2027 (Value %)
FIG. 10 Global SB Market, by Breakfast Bars, Value, 2017–2027 (US$ Bn)
FIG. 11 Global SB Market, by Granola/Muesli Bars, Value, 2017–2027 (US$ Bn)
FIG. 12 Global SB Market, by Fruit Bars, Value, 2017–2027 (US$ Bn)
FIG. 13 Global SB Market, by Energy and Nutrition Bars , Value, 2017–2027 (US$ Bn)
FIG. 14 Global SB Market, by Others, Value, 2017–2027 (US$ Bn)
FIG. 15 Global SB Market Value Contribution, By Distribution Channel, 2018 & 2027 (Value %)
FIG. 16 Global SB Market, by Hypermarkets/Supermarkets Value, 2017–2027 (US$ Bn)
FIG. 17 Global SB Market, by Convenience Stores, 2017–2027 (US$ Bn)
FIG. 18 Global SB Market, by Online Sales, Value, 2017–2027 (US$ Bn)
FIG. 19 Global SB Market, by Specialty Stores, 2017–2027 (US$ Bn)
FIG. 20 Global SB Market, by Others (Independent Retailers, etc.), 2017–2027 (US$ Bn)
FIG. 21 U.S. SB Market, 2017–2027 (US$ Bn)
FIG. 22 Canada SB Market, 2017–2027 (US$ Bn)
FIG. 23 U.K. SB Market, 2017–2027 (US$ Bn)
FIG. 24 Germany SB Market, 2017–2027 (US$ Bn)
FIG. 25 France SB Market, 2017–2027 (US$ Bn)
FIG. 26 Italy SB Market, 2017–2027 (US$ Bn)
FIG. 27 Rest of Europe SB Market, 2017–2027 (US$ Bn)
FIG. 28 Japan SB Market, 2017–2027 (US$ Bn)
FIG. 29 China SB Market, 2017–2027 (US$ Bn)
FIG. 30 India SB Market, 2017–2027 (US$ Bn)
FIG. 31 Rest of Asia Pacific SB Market, 2017–2027 (US$ Bn)
FIG. 32 Middle East & Africa SB Market, 2017–2027 (US$ Bn)
FIG. 33 Latin America SB Market, 2017–2027 (US$ Bn)

TABLE 1 Market Snapshot: Global Snack Bars (SB) Market
TABLE 2 Global SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 3 Global SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 4 Global SB Market, by Geography, 2017–2027 (US$ Bn)
TABLE 5 North America SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 6 North America SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 7 North America SB Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 8 U.S. SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 9 U.S. SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 10 Rest of North America SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 11 Rest of North America SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 12 Europe SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 13 Europe SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 14 Europe SB Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 15 U.K. SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 16 U.K. SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 17 Germany SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 18 Germany SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 19 France SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 20 France SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 21 Rest of Europe SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 22 Rest of Europe SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 23 Asia Pacific SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 24 Asia Pacific SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 25 Asia Pacific SB Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 26 Japan SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 27 Japan SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 28 China SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 29 China SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 30 India SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 31 India SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 32 Rest of Asia Pacific SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 33 Rest of Asia Pacific SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 34 RoW SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 35 RoW SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 36 RoW SB Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 37 Middle East & Africa SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 38 Middle East & Africa SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 39 Latin America SB Market, by Product Type, 2017–2027 (US$ Bn)
TABLE 40 Latin America SB Market, by Distribution Channel, 2017–2027 (US$ Bn)
TABLE 41 Nature Valley: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 42 The Kellogg Company: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 43 The Quaker Oats Company: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 44 Kind LLC: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 45 Clif Bar & Company: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 46 Earnest Eats: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 47 Mars, Inc.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments)
TABLE 48 The Hain Celestial Group, Inc. : Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 49 PepsiCo: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 50 Fulfil Nutrition.: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments
TABLE 51 Nooro: Company Snapshot (Company Overview; Material Portfolio; Financial Information; Key Developments

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