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Protein Bar Market

Protein Bar Market

Protein Bar Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

145

Base Year:

2021

Date

Jan - 2023

Format:

PDF XLS PPT

Report Code:

VMR-1983

Segments Covered
  • By Sources Plant-Based, Animal-Based
  • By Types Sports Nutrition Bars, Meal Replacement Bars, Other Types
  • By Distribution Channels Mass Merchandisers, Specialty Stores, Convenience Stores, Online Channels, Other Channels
  • By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: USD 4.3 Billion
Revenue 2028Revenue 2028: USD 6.0 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 5.8%
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia Pacific
Largest Region Largest Region (2021): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
Protein Bar Market Share

Premium Insights

Global Protein Bar Market is valued at USD 4.3 Billion in 2021 and is projected to reach a value of USD 6.0 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 5.8% over the forecast period.

Protein Bars are convenient on-the-go snacks with a high ratio of protein to carbohydrates and fat. In addition to other nutrients, it is an important source of proteins. The proteins in Protein Bars stimulate protein synthesis, promote muscular growth, and inhibit fat storage. Consumers today favor foods that are convenient for use, storage, and handling above those with health benefits. In this regard, the convenience of healthful ready-to-eat foods such as Protein Bars is a big selling advantage. The demand for processed and convenience foods is rapidly increasing as a result of increasing socioeconomic needs, greater health consciousness, and a lack of time to prepare nutrient-dense meals. Consequently, the demand for Protein Bars increases substantially. People choose the energy and weight-management goods like Protein Bars to stay fit and healthy in their daily lives. This change in lifestyle preferences drives the worldwide Protein Bar Market. The availability of Protein Bars worldwide and the growing Protein Bar consumer base are further factors fostering market expansion. The marketing and promotional endeavors of new entrants are predicted to have a substantial impact on the expansion of the industry. However, recalling Protein Bar products due to varying sensitivities caused by various components in their composition can affect the worldwide Protein Bar Market.

Protein Bar Market Size, 2021 To 2028 (USD Billion)

Market Segmentation

The Protein Bar Market is segmented by Sources, Types, Distribution Channels and Region. Based on the Sources, the market is segmented into Plant-Based and Animal-Based. Furthermore, based on the Types, the market is divided into Sports Nutrition Bars, Meal Replacement Bars, and Other Types. In addition, based on the Distribution Channels, the market is further bifurcated into Mass Merchandisers, Specialty Stores, Convenience Stores, and Online Channels. Likewise, based on the Region, the Global Protein Bar Market is further divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Below tree is interactive. You can click the nodes to get more information.

Based on Sources

The plant-based category dominated the market in 2021

The plant-based category is expected to increase at the highest rate during the forecast period, as they are made from a variety of nutritious natural ingredients, such as fruit, nut butter, and seeds, which help the body fight against a variety of diseases. The global popularity of vegetarianism contributes to the product's expanding demand as an increasing number of persons adopt a plant-based diet to live better lives. Additionally, plant-based bars contain less fat, resulting in increased demand among obese individuals.

Based on Types

The sports nutrition bars category dominated the market in 2021

Due to the high protein content, which provides essential nutrients for body repair and performance enhancement, the sports nutrition bars category is expected to develop at the fastest rate over the projected period. Sports nutrition bars contain cereals and other high-energy meals that may rapidly give energy in a short amount of time, which helps to improve the product's consumption among players of various sports, including football, basketball, cricket, and others. Additionally, the increasing popularity of long-distance endurance sports like triathlons and marathons helps the product gain traction because these sports are often designed to be accessible to the general public.

Based on Regional Analysis

Asia Pacific is projected to grow at the highest CAGR during the forecast period

Asia-Pacific is anticipated to expand at the greatest CAGR in the Protein Bar Market over the projected period, due to the region's vast population base and prevalence of overweight individuals. The use of Protein Bars complements nutritional supplements and bolsters muscle-building exercises. Large firms target the Asia-Pacific market with consistent marketing and advertising to attract customers due to the region's massive population. As protein consumption becomes more well-known in countries like China and India, the demand for Protein Bars will increase, affecting regional growth.

Competitive Landscape

The key players in the Protein Bar Market include- General Mills Inc. (U.S.) The Simply Good Foods Company (U.S.), The Kellogg Company (U.S.), Clif Bar & Company (U.S.), Glanbia PLC. (Ireland), GNC Holdings Inc. (U.S.), Mars, Incorporated (U.S.), Mondelez International (U.S.), Post Holdings INC. (U.S.) , Amway Corp. (U.S.), The Bountiful Company (U.S.) and others.

Recent Developments

· In August 2021, the keto Protein Bar lineup of “think!”, a brand of Glanbia Nutrition, has been expanded with new flavors, further increasing the demand for its products and the market share of the organization.

· In June 2021, Kellogg's spinoff called RXBAR introduced its first plant-based food. RXBAR Plant has 10 grams of protein and omits the recognizable egg white protein that the brand is known for in favor of pea and almond protein.

Segmentation of Protein Bar Market

Parameter Details
Segments Covered
  • Sources (Plant-Based, Animal-Based)
  • Types (Sports Nutrition Bars, Meal Replacement Bars, Other Types)
  • Distribution Channels (Mass Merchandisers, Specialty Stores, Convenience Stores, Online Channels, Other Channels)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • General Mills Inc. (U.S.) The Simply Good Foods Company (U.S.)
  • The Kellogg Company (U.S.)
  • Clif Bar & Company (U.S.)
  • Glanbia PLC. (Ireland)
  • GNC Holdings Inc. (U.S.)
  • Mars Inc.rporated (U.S.)
  • Mondelez International (U.S.)
  • Post Holdings INC. (U.S.)
  • Amway Corp. (U.S.)
  • The Bountiful Company (U.S.)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

Protein Bar Market to Reach Valuation of USD 6.0 Billion by 2028 – Rising demand for the Diabetic Pump to Drives the Market
In terms of revenue, the Global Protein Bar Market is expected to reach USD 6.0 Billion by 2028, growing at a CAGR (Compound Annual Growth Rate) of 5.8% from 2022 to 2028. A good source of calcium, potassium, vitamin B, fiber, and iron can be found in Protein Bar Market. Additionally, they can aid ...
FAQ
Frequently Asked Question
  • The global Protein Bar valued at USD 4.3 Billion in 2020 and is expected to reach USD 6.0 Billion in 2028 growing at a CAGR of 5.8%.

  • The prominent players in the market are General Mills Inc. (U.S.) The Simply Good Foods Company (U.S.), The Kellogg Company (U.S.), Clif Bar & Company (U.S.), Glanbia PLC. (Ireland), GNC Holdings Inc. (U.S.), Mars, Incorporated (U.S.), Mondelez International (U.S.), Post Holdings INC. (U.S.) , Amway Corp. (U.S.), The Bountiful Company (U.S.).

  • The market is project to grow at a CAGR of 5.8% between 2021 and 2028.

  • The driving factors of the Protein Bar include

    • Convenient and nutritional on-the-go snacking is in high demand

  • North America was the leading regional segment of the Protein Bar in 2020.