Food bars are high in fiber and protein, which includes candy
bars, protein bars, energy bars, oats bars, and others. They are consumed as a
healthy alternative for snacks and are available in different flavors such as
chocolate, fruits, peanut butter, savory, spices, and others. Among the
different food bars, the energy bars are loaded with carbs and sugar mainly
used for quick boost during long distance training sessions of an athlete.
Whereas protein bars are high in protein content and are best used as a meal
replacement.
Market Forecast
Food bars collectively include candy bars, protein bars,
energy bars, oats bars, and others. The trend of consuming food bars as a snack
between the meals is gaining popularity among all age groups, which is a major
driving factor of the food bars market. Moreover, changing lifestyle and
increasing number of working population is adding fuel to the growth of food
bars market.
Increasing population of health conscious individuals is
propelling the growth of food bars market across the globe. However, availability
of a large number of product substitutes in the market may impact the market
growth negatively. Nevertheless, all these factors are projected to contribute
to the estimated CAGR of 4.2% of food bars market during the forecast period
2017-2023.
Downstream Analysis
On the basis of type, the food bars are segmented into candy
bars, energy bars, protein bars, oats bars, and others. However, protein bars
are growing at the fastest rate than the others. Protein bars are rich in
protein content and its market is driven by the rising population of health
conscious individuals focusing on nutritional level of the food.
On the basis of flavors, the food bars are segmented into
chocolates, fruits, peanut butter, savoury, spices, and others. Chocolate
flavor dominates the global market. On the other hand, the peanut butter
segment is expected to experience a steady growth over the forecast period.
Based on the distribution channel, the food bars are segmented
such as store based and non-store based channel. However, food bars are mainly
sold through grocery wholesalers, retail stores, and food service providers.
Competitive Analysis
The major players in the food bars market
- Atkins
Nutritionals, Inc. (U.S.)
- Clif
Bar & Company. (U.S.)
- General
Mills Inc. (U.S.)
- Kellogg
Co. (U.S.)
- Nestle
(Switzerland)
- Quaker
Oats Company (U.S.)
- CAVEMAN
FOODS (U.S.)
Complete Report Details @ https://www.marketresearchfuture.com/reports/food-bar-market-4635
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