Dublin, Jan. 09, 2024 (GLOBE NEWSWIRE) — The “Cereal Bars Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” report has been added to ResearchAndMarkets.com’s offering.
The global cereal bars market size reached US$ 14.9 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 23.2 Billion by 2028, exhibiting a growth rate (CAGR) of 7.7% during 2023-2028.
Cereal bars are formulated using corn starch, biscuits, oats, rice, milk and edible adhesives and are fortified with vitamins, minerals and other essential nutrients. These bars are rich in iron, starch, fiber, proteins, antioxidants, phosphorus and potassium. They assist in increasing energy, managing weight, improving muscle mass, enhancing digestive health and strengthening bones.
Due to hectic lifestyles and changing dietary patterns, there is a rise in the demand for healthy and ready-to-eat (RTE) food products, such as cereal bars, that assist in maintaining a balanced diet. Moreover, the growing participation of individuals in physical activities is contributing to the market growth.
Furthermore, the rising health consciousness is escalating the demand for variants that are made using natural ingredients, such as coconuts, peas, almonds and creamy cocoa butter, and sunflower and chia seeds. The key players are also offering gluten and sugar-free, and non-genetically modified (non-GMO) variants with no additives and preservatives.
Besides this, the coronavirus disease (COVID-19) outbreak has increased the consumption of nutritious food products among individuals, such as cereal bars. However, the market players are unable to meet the escalating demand on account of lockdowns imposed by governments of several countries and disrupted supply chains. The market is anticipated to revive once lockdown restrictions are relaxed.
Key Questions Answered in This Report
- What was the size of the global cereal bars market in 2022?
- What is the expected growth rate of the global cereal bars market during 2023-2028?
- What has been the impact of COVID-19 on the global cereal bars market?
- What are the key factors driving the global cereal bars market?
- What is the breakup of the global cereal bars market based on the product?
- What is the breakup of the global cereal bars market based on the distribution channel?
- What are the key regions in the global cereal bars market?
- Who are the key players/companies in the global cereal bars market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 139 |
| Forecast Period | 2022 – 2028 |
| Estimated Market Value (USD) in 2022 | $14.9 Billion |
| Forecasted Market Value (USD) by 2028 | $23.2 Billion |
| Compound Annual Growth Rate | 7.7% |
| Regions Covered | Global |
Competitive Landscape
- Atkins Nutritionals Inc. (Simply Good Foods Co.)
- Clif Bar & Company
- Eat Natural
- General Mills Inc.
- Kellogg Company
- Kind LLC
- McKee Foods Corporation
- Nestle S.A
- Otsuka Pharmaceutical
- Quaker Oats Co. (PepsiCo)
Key Market Segmentation
Breakup by Product:
- Snacks Bar
- Energy and Nutrition Bar
- Others
Breakup by Flavor:
- Caramel
- Banana
- Chocolate
- Honey
- Strawberry
- Peanut Butter
- Others
Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Food Specialty Stores
- Convenience Stores
- Online Stores
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/7t99ot
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- Global Cereal Bars Market
