$ 79.3 Billion Protein Bars Market Size, Globally, at a CAGR of 4.3%



The global protein bars market was valued at USD 940 million in 2017 and is expected to grow at a CAGR of 4.3% throughout the forecast period 2019-2026.

New York, United States, October 01, 2021 (GLOBE NEWSWIRE) – The protein bars market is expected to grow at a compound annual growth rate (CAGR) of 4.3% during the forecast period 2021-2026.

The global protein bars market is expected to reach $ 79.3 billion by 2027.

Ready meals are gaining popularity with consumers. In today’s fast-paced lifestyle, ready meals help people spend less time cooking and planning their meals. Increase snacking, especially in North America, Western Europe and Australia Driving Demand for Ready-Made Meals. Additionally, the growing demand for a healthy lifestyle combined with a need for protein is expected to drive the protein bars market.

COVID-19: Requires protein intake

The COVID-19 pandemic has impacted several industries around the world. With increasing restrictions amid the pandemic, protein bar consumption has suffered. The unavailability of machinery, labor and raw materials had a negative impact on the supply of protein bars. For example, the value of exports of snacks and confectionery to CAFTA-DR and Panama declined by around 24% due to the disruption of the supply chain.

On the other hand, the COVID-19 has created opportunities for market players to innovate and meet demand. The market started to gain momentum after October, as the lockdown was lifted, benefiting businesses. E-commerce played a key role in the positive numbers.

Get a free copy of this report @ https://straitsresearch.com/report/protein-bars-market/request-sample

Protein Bars Market By Protein Source

Animal segment dominates the market

Depending on the protein source, the protein bar is segmented into animal and plant protein. Animal protein bar dominates the market due to the easy availability of animal protein. The proteins consumed of animal origin are complete proteins because they contain all the essential amino acids.

Plant-based protein bars are of interest to people who are vegans or not yet vegans. With the growing number of vegans, the demand for vegetable protein bar should increase.

Nowadays, manufacturers offer the hybrid protein bars that focus on plant and animal protein. Flexitarians would prefer these kinds of protein bars.

Protein Bars Market By Protein Content

The high protein content (above 25 g) represents an important part of the market.

Protein is the main ingredient in the complementary diet. The high protein bar finds interest among athletes, bodybuilders and people who want to lose weight. In addition, due to the growing trend of consumers to favor healthy, natural and ready-to-eat foods, there is a need to develop snack foods with high nutritional value. Plus, flavors ranging from chocolate to peanut butter increase the appeal of high protein bars. The medium protein bars segment is gaining significant market share due to its essential consumption in everyday life.

Protein Bars Market by Product Type

A shift towards snacking

Meal replacement bars are gaining the largest market share as they meet the needs of the general population. The rapid growth of snacks has led to the snacking of foods. Consumers tend to substitute meals for snacks. The meal replacement bar is similar to the protein bar, but generally higher in calories, fat and fiber. The snack boom and growing health awareness have increased the popularity of the meal replacement bar.

According to the Midwest Independent Retailers Association, the The U.S. snack bar market has doubled to $ 6 billion in the past decade. The American snack bar market is 60% owned by three players, namely General Mills, Kellogg’s and Clif Bar. Additionally, trends such as healthy, high protein, high fiber kids bars are expected to strengthen snack options during the forecast period.

Protein Bars Market By Regions

North American dominance in the protein bar market

Regionally, North America has the largest saturated market for protein bars due to prominent players such as Kellogg’s, General Mills Inc, Mondelez International, Clif Bar and Company, etc. The United States accounts for the largest share, followed by Canada.

Additionally, the growing middle-class population with discretionary income is more likely to purchase snack foods in retail stores. Plus, a fast-paced lifestyle combined with a successful fitness awareness has encouraged people in North America to opt for healthy snacks. Protein bar snacks are in high demand; 1 in 4 American consumers seek high protein snacks.

Buy Now Full Report @ https://straitsresearch.com/buy-now/protein-bars-market/global/

Detailed Table of Contents

1. Introduction

1.1 Market definition

1.2 Scope of the market

2 Research methodology

2.1 Primary research

2.2 Research methodology

2.3 Assumptions and exclusions

2.4 Secondary data sources

3 Executive summary

4 Market overview

4.1 Segmentation and Scope of the Report

4.2 Value Chain Analysis: Protein Bars Market

4.2.1 Matrix of suppliers

4.3 Key market trends

4.3.1 Drivers

4.3.2 Constraints

4.3.3 Opportunities

4.3.4 Challenges

4.4 Porter’s five forces analysis

4.4.1 Bargaining power of suppliers

4.4.2 Bargaining power of buyers

4.4.3 Threat of substitution

4.4.4 Threat of new entrants

4.4.5 Competitive Rivalry

4.5 Impact analysis of Covid-19

4.5.1 Analysis of pre-Covid-19 market scenarios

4.5.2 Analysis of post-Covid-19 market scenarios

4.5.3 Actions taken by top players

5 Global Protein Bars Market by Protein Source

5.1 Presentation

5.1.1 Market Size and Forecast (Value)

5.2 Animal-based

5.2.1 Market Size and Forecast (Value)

5.3 Herbal

5.3.1 Market Size and Forecast (Value)

5.4 Others

5.11 Market Size and Forecast (Value)

6 Global Protein Bars Market by Product Type

6.1 Presentation

6.1.1 Market Size and Forecast (Value)

6.2 Energy protein bars

6.2.1 Market Size and Forecast (Value)

6.3 Meal replacement bars

6.3.1 Market Size and Forecast (Value)

6.4 Protein bars for women

6.4.1 Market Size and Forecast (Value)

6.5 Low-carb protein bars

6. 5.1 Market Size and Forecast (Value)

6.6 Others

6.6.1 Market Size and Forecast (Value)

7 Global Protein Bars Market by Distribution Channel

7.1 Presentation

7.1.1 Market Size and Forecast (Value)

7.2 Supermarkets / Hypermarkets

7.2.1 Market Size and Forecast (Value)

7.3 Convenience store

7.3.1 Market Size and Forecast (Value)

7.4 Electronic commerce

7.4.1 Market Size and Forecast (Value)

7.5 Others

7.5.1 Market Size and Forecast (Value)

8 Regional overview

8.1 Presentation

8.1.1 Market Size and Forecast (Value)

8.2 North America

8.2.1 Economic overview

8.2.2 Market scenario

8.2.3 United States

8.2.4 Canada

8.3 Europe

8. 3.1 Economic overview

8. 3.2 Market scenario

8. 3.3 Germany

8. 3.4 The United Kingdom

8. 3.5 France

8. 3.6 Italy

8. 3.7 Spain

8. 3.8 The rest of Europe

8.4 Latin America

8.4.1 Economic overview

8.4.2 Market scenario

8.4.3 Mexico

8.4.4 Brazil

8.4.5 Rest of Latin America

8.5 Asia-Pacific

8.5.1 Economic overview

8.5.2 Market scenario

8.5.3 China

8.5.4 Japan

8.5.5 India

8.5.6 Australia

8.5.7 South Korea

8.5.8 The rest of Asia-Pacific

8.6 The Middle East and Africa

8.6.1 Economic overview

8.6.2 Market scenario

8.6.3 Saudi Arabia

8.6.4 United Arab Emirates

8.6.5 Egypt

8.6.6 South Africa

8.6.7 The rest of the Middle East and Africa

9 Competitive Landscape – Manufacturers and Suppliers

9.1 Competition scoreboard

9.2 Market Share Analysis, 2020

9.3 Competition scoreboard

9.4 Key developments

10 Company profile

10.1 Kellogg’s company

10.2 Mills General Inc.

10.3 Clif Bar and Company

10.4 Mondelez International Inc

10.5 Atkins Nutrition

10.6 Caveman Food LLC

10.7 Food company Hornel

10.8 Others

11 Conclusion and recommendation

12 Acronyms and abbreviations

For more information, table of contents, query or personalization before you buy, visit @ https://straitsresearch.com/report/protein-bars-market/


Top 10 packaged food companies in the world

Top 5 eco-friendly packaging trends to watch in 2020

What is driving the packaged food market and how has it evolved?

Take a look at the related research report

Insect Protein Market: Information by insect type (cricket, beetle, caterpillar), product (protein bars, flour, smoothies), protein extraction, application and region – Forecast until 2029

Plant protein market: Information by Source (Soy, Wheat, Peas), Type (Isolates, Concentrate, Protein Flour), Application (Meat Substitutes, Protein Bars) and Region – Forecast to 2027

ERBB 3 Receptor Tyrosine Protein Kinase Market: Information by product type (BA 0702, CDX 3379), application (non-small cell carcinoma) and region – Forecast until 2029

About Straits Research Pvt. Ltd.

StraitsResearch is a market intelligence company providing business information reports and services on a global scale. Our proprietary blend of quantitative forecasting and trend analysis provides forward-looking information to thousands of decision makers. Straits Research Pvt. Ltd. provides actionable market research data, specially designed and presented for decision making and ROI.

Whether you are looking for lines of business in the nearby city or across continents, we understand the importance of knowing the customer’s purchase. We overcome our clients’ problems by recognizing and deciphering the target group and generating leads with the highest precision. We seek to collaborate with our clients to deliver a wide range of results through a mix of market research and business approaches.

So let’s bring our minds together. We will make your vision a reality and help you grow.

CONTACT: Phone: +1 646 480 7505 (the U.S.) +91 8087085354 (APAC) +44 208 068 9665 (the U.K.) Email: [email protected] LinkedIn: https://www.linkedin.com/company/straitsresearch/ FB: https://www.facebook.com/straitsresearch/ Instagram: https://www.instagram.com/straitsresearch/


Leave A Reply

Your email address will not be published.