New York, United States, Oct. 01, 2021 (GLOBE NEWSWIRE) — The protein bar market is anticipated to develop at a compound annual development charge (CAGR) of 4.3% within the forecast interval from 2021 to 2026.
The world protein bar market is anticipated to succeed in USD 79.3 billion by 2027.
Comfort meals is gaining reputation amongst customers. In in the present day’s hectic life-style, comfort meals assists individuals in spending much less time cooking and planning meals. Rising snackfication, particularly in North America, Western Europe, and Australia, is driving the comfort meals demand. Moreover, rising demand for a wholesome life-style mixed with protein consumption want is anticipated to drive the protein bar market.
COVID-19: Necessitates Protein Consumption
The COVID-19 pandemic has impacted a number of industries worldwide. With growing restrictions amid the pandemic, protein bar consumption has suffered. The unavailability of machines, labor, and uncooked supplies negatively impacted the protein bar provide. As an illustration, the worth of snacks and confectionery exports to CAFTA-DR and Panama declined round 24% because of the provide chain disruption.
Then again, the COVID-19 has created alternatives for market gamers to innovate and meet the demand. The market began to realize momentum after October, because the lockdown was lifted, benefiting the businesses. E-commerce performed an important position within the constructive figures.
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Protein Bar Market by Protein Supply
Animal Section Dominates the Market
Relying upon the protein supply, the protein bar is segmented into animal and plant protein. Animal protein bar dominates the market owing to the simple availability of the animal protein. Protein consumed from animal sources are full proteins, as they comprises all of the important amino acids.
Crops-based protein bars discover curiosity amongst people who find themselves vegan or but to develop into vegan. With the growing variety of vegan individuals, the demand for plant-based protein bar is anticipated to extend.
Now a days, producers are developing with the hybrid protein bars which emphasize on plant and animal protein. The people who find themselves flexitarian would favor these sorts of protein bars.
Protein Bar Market by Protein Content material
Excessive Protein (above 25 gm) accounts for main share of the market.
Protein is the primary elements with regards to the complement food plan. The excessive protein bar finds the curiosity between athletes, bodybuilders, and individuals who wish to unfastened weight. Additionally, owing to the rising development amongst shopper for wholesome, pure, and comfort meals, its is important to developed snack meals with excessive dietary worth. Moreover, flavors starting from chocolate to peanut butter, burgeon the attractiveness of excessive protein bars. Medium protein bar phase acquires vital share of the market owing to its consumption being important in day-to-day life.
Protein Bar Market by Product Sort
A Shift In direction of Snackification
Meal alternative bar acquires the most important market share as they tackle the wants of the overall inhabitants. Speedy development in snacks has led to snackification of meals. Customers have a tendency to switch meals with snacks. The meal alternative bar is just like the protein bar however often increased in energy, fats, and fiber. The rise of snackification alongside the rising well being consciousness has elevated the recognition of the meal alternative bar.
In accordance with the Midwest Impartial Retailers Affiliation, the U.S. snack bar market is doubled to USD 6 billion during the last decade. The U.S. snack bar market is 60% owned by three gamers, specifically Basic Mills, Kellogg’s, and Clif Bar. Furthermore, developments comparable to excessive protein, excessive fiber, wholesome kid-bars are anticipated to bolster the snacking choices in the course of the forecast interval.
Protein Bar Market by Areas
North American Dominion over the Protein Bar Market
Regionally, North America has the most important saturated marketplace for protein bars resulting from outstanding gamers comparable to Kellogg’s, Basic Mills Inc, Mondelez Worldwide, Clif Bar and Firm, and so forth. The U.S. accounts for the most important share, adopted by Canada.
As well as, the increasing middle-class inhabitants with discretionary earnings is extra more likely to buy snack meals from retails. As well as, a busy life-style mixed with the fructifying consciousness of health has inspired individuals in North America to go for wholesome snack choices. The protein bar snacks are in excessive demand; 1 in 4 U.S. customers search protein-rich snacks.
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Detailed Desk of Content material
1 Introduction
1.1 Market Definition
1.2 Market Scope
2 Analysis Methodology
2.1 Main Analysis
2.2 Analysis Methodology
2.3 Assumptions and Exclusions
2.4 Secondary Knowledge Sources
3 Government Abstract
4 Market Overview
4.1 Report Segmentation and Scope
4.2 Worth Chain Evaluation: Protein Bar Market
4.2.1 Vendor Matrix
4.3 Key Market Traits
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Alternatives
4.3.4 Challenges
4.4 Porter’s 5 Forces Evaluation
4.4.1 Bargaining Energy of Suppliers
4.4.2 Bargaining Energy of Patrons
4.4.3 Menace of Substitution
4.4.4 Menace of New Entrants
4.4.5 Aggressive Rivalry
4.5 Covid-19 Affect Evaluation
4.5.1 Pre-Covid-19 Market Situation Evaluation
4.5.2 Publish-Covid-19 Market Situation Evaluation
4.5.3 Measures Taken by High Gamers
5 World Protein Bar Market by Protein Supply
5.1 Introduction
5.1.1 Market Measurement and Forecast (Worth)
5.2 Animal-Primarily based
5.2.1 Market Measurement and Forecast (Worth)
5.3 Plant-Primarily based
5.3.1 Market Measurement and Forecast (Worth)
5.4 Others
5. 4.1 Market Measurement and Forecast (Worth)
6 World Protein Bar Market by Product Sort
6.1 Introduction
6.1.1 Market Measurement and Forecast (Worth)
6.2 Vitality Protein Bars
6.2.1 Market Measurement and Forecast (Worth)
6.3 Meal Alternative Bars
6.3.1 Market Measurement and Forecast (Worth)
6.4 Girls’s Protein Bars
6.4.1 Market Measurement and Forecast (Worth)
6.5 Low-carb Protein Bars
6. 5.1 Market Measurement and Forecast (Worth)
6.6 Others
6.6.1 Market Measurement and Forecast (Worth)
7 World Protein Bar Market by Distribution Channel
7.1 Introduction
7.1.1 Market Measurement and Forecast (Worth)
7.2 Supermarkets/ Hypermarkets
7.2.1 Market Measurement and Forecast (Worth)
7.3 Comfort Retailer
7.3.1 Market Measurement and Forecast (Worth)
7.4 E-commerce
7.4.1 Market Measurement and Forecast (Worth)
7.5 Others
7.5.1 Market Measurement and Forecast (Worth)
8 Regional Overview
8.1 Introduction
8.1.1 Market Measurement and Forecast (Worth)
8.2 North America
8.2.1 Financial Overview
8.2.2 Market Situation
8.2.3 The U.S.
8.2.4 Canada
8.3 Europe
8. 3.1 Financial Overview
8. 3.2 Market Situation
8. 3.3 Germany
8. 3.4 The U.Ok.
8. 3.5 France
8. 3.6 Italy
8. 3.7 Spain
8. 3.8 The Remainder of Europe
8.4 Latin America
8.4.1 Financial Overview
8.4.2 Market Situation
8.4.3 Mexico
8.4.4 Brazil
8.4.5 Remainder of Latin America
8.5 Asia-Pacific
8.5.1 Financial Overview
8.5.2 Market Situation
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 Remainder of Asia-Pacific
8.6 The Center East and Africa
8.6.1 Financial Overview
8.6.2 Market Situation
8.6.3 Saudi Arabia
8.6.4 UAE
8.6.5 Egypt
8.6.6 South Africa
8.6.7 The Remainder of Center East & Africa
9 Aggressive Panorama — Producers and Suppliers
9.1 Competitors Dashboard
9.2 Market Share Evaluation, 2020
9.3 Competitors Dashboard
9.4 Key Developments
10 Firm Profile
10.1 The Kellogg’s Firm
10.2 Basic Mills Inc.
10.3 Clif Bar and Firm
10.4 Mondelez Worldwide Inc
10.5 Atkins Dietary
10.6 Caveman Meals LLC
10.7 Hornel Meals Company
10.8 Others
11 Conclusion and Suggestion
12 Acronyms and Abbreviations
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