Growing health awareness followed by busy routine has elevated
the demand for fortified energy bars. Market Research Future, a firm which specializes
in market reports related to the Food, Beverages & Nutrition sector among
others, recently forecasted in its report on “Global Fortified energy Bar
Market Research Report- Forecast to 2023” that the market will demonstrate an
exceptional CAGR during the forecast period.
Food bar includes candy bars, protein bars, energy bars, oats
bars, and many more. They are available in different flavors such as chocolate,
fruits, peanut butter, savory, spices, and others. These food bars are rich in
fiber and protein content and consumed as healthy alternative for snacks. Among
the different food bars, energy bars are loaded with carbohydrates which are
mostly used for quick boost during long distance training sessions of an
athlete.
Latest Industry Updates
Dec 2017 Kellogg’s recently has acquired the RXbars Company
for a hefty $600 million. The cereal maker says the “unique and innovative”
company, known for its simple labels with ingredients printed on the front,
will continue to operate independently.
Nov 2017 Nottingham Charity has launched a free vending
machine for homeless people to use. The machine itself is stocked with things
like fresh fruit, sanitary towels, socks, energy bars, and sandwiches. It is
accessible 24/7 under the canopy outside the back entrance of Broadmarsh
shopping centre.
Nov 2017 Mars, the owner of confectionery brands including
Snickers, M&M’s and Galaxy has acquired a minority stake in Kind, the maker
of healthy nut bars.
Nov 2017 Hearthside Food Solutions in Downers Grove has
completed its transaction to acquire Standard Functional Foods Group Inc. of
Nashville, Tennessee, in an effort to grow its nutrition and energy bar
business.
Global Fortified Energy Bar Market - Competitive
Analysis
With the entry of industry players in the fortified energy bar
segment, a trend of solid, volume-driven growth has been observed in the market
with the development of different varieties of product types. With companies
aiming to capture a considerable share of the market segment as early as
possible, they are competing and experimenting with various advantage points.
The key players are highly focused on product innovations, and new product
launches which are healthy for the consumers. Acquisitions and partnership with
small companies are some other strategic movements made by the major key
players. The best long-term growth opportunities for this sector can be
captured by ensuring ongoing process improvements and financial flexibility to invest
in the optimal strategies.
Global Fortified energy bar Market - Regional
Analysis
The global Fortified energy bar market is segmented into North
America, Europe, APAC, and Rest of the World (RoW). North America is dominating
the global market followed by Europe. New product innovations by the key
players are driving the North American market in which the U.S. is the major
contributor. Inclination towards functional food among the European population
is a major factor contributing for the growth of European market.
Asia Pacific is expected to be the fastest growing market over
the forecast period. In Asia pacific region, India and China are the major
contributors responsible for the growth of fortified energy bar market. The
growing population along with rise in disposable income and the increasing
number of health conscious individuals is driving the market of this region.
Moreover, growing health awareness among the population will drive the growth
of fortified energy bar in rest of the world.
Complete Report Details @ https://www.marketresearchfuture.com/reports/fortified-energy-bar-market-3890
About Market Research Future
At Market Research Future (MRFR), we enable our
customers to unravel the complexity of various industries through our Cooked
Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research
Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
MRFR team have supreme objective to provide the optimum
quality market research and intelligence services to our clients. Our market
research studies by products, services, technologies, applications, end users,
and market players for global, regional, and country level market segments,
enable our clients to see more, know more, and do more, which help to answer
all their most important questions.
In order to stay updated with technology and work process of
the industry, MRFR often plans & conducts meet with the industry experts
and industrial visits for its research analyst members.
Comments
Post a Comment