This report describes the global market size of Plant-based Bars Market Size, Share & Trends Report Market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and its expected to grow with a CAGR of 14.0% from 2023 to 2030.
The purpose of plant-based bars is to provide customers with rapid dietary energy by having exclusively plant-based protein sources such cereals, nuts, fruits, and flavourings. Many individuals are seeking for better snack alternatives that will give them the nutrition and energy they need to stay healthy in light of the growth in chronic health concerns including obesity, diabetes, and heart disease. Compared to conventional snack bars, plant-based bars frequently have less calories and less sugar and are a fantastic source of protein, fibre, and healthy fats.
Due to the COVID-19 pandemic and Russia-Ukraine War Influence, the global market for Plant-based Bars Market Size, Share & Trends Report Market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 14.0% during the forecast period 2023-2030. North American market for Plant-based Bars Market Size, Share & Trends Report Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report cover following regions:
Middle East and Africa
The key countries for each regions are also included such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc.
For competitor segment, the report include global key players of Plant-based Bars Market Size, Share & Trends Report Market as well as some small players. The information for each competitor include:
Main Business Information
Sales Volume, Revenue, Price and Gross Margin
By Product Type
Fruit & Nut Bars
In 2022, plant-based protein bars have a market share of over 35%. In recent years, many individuals have chosen to live a more plant-based lifestyle, increasing the popularity of plant-based diets. As a result, demand for plant-based protein sources, such as plant-based protein bars, has surged.The market for plant-based energy bars is predicted to expand between 2023 and 2030 at a CAGR of 15.8%. People today frequently struggle to find the time to consume nourishing meals due to their hectic and fast-paced lifestyles. People on the run frequently choose energy bars because they offer a convenient and portable source of nourishment that can be consumed at any time. Additionally, the growing acceptance of sportsand fitness activities has also contributed to the growth of the energy bar market.People on the run frequently choose energy bars because they offer a convenient and portable source of nourishment that can be consumed at any time. In addition, the market for energy bars has expanded as sports and fitness activities become more and more popular.
For consumers on a restricted budget, traditional plant-based bars are frequently less expensive and more readily available. Traditional plant-based foods are widely available and frequently sold in grocery shops and internet merchants. One of the main drivers of industry expansion is customers' rising desire for organic products. Bars made of organic plants are frequently seen as being healthier than regular choices. The chemical additives and preservatives that are included in ordinary snack bars are frequently absent from organic goods.In grocery shops, health food stores, and internet merchants, organic plant-based bars are become more prevalent. Because of this greater accessibility, people are more likely to test and include organic plant-based bars in their diets.
By Distribution Channel
Hypermarkets & Supermarkets
Over the projection period, internet sales are anticipated to increase at a CAGR of 16.5%. Consumers now find it simpler to buy plant-based bars because to the ease of internet purchasing. Customers may find a large range of plant-based goods at supermarkets and hypermarkets. These merchants can accommodate their clients' requirements and preferences since they have a huge footprint and can carry a wide variety of goods. Additionally, the cost of plant-based goods is frequently competitive in supermarkets and hypermarkets. These shops may provide goods to customers at lower rates than smaller retail establishments since they buy goods in bulk.Numerous plant-based bars are readily available from the convenience of one's home through online vendors. Online stores frequently include a selection of goods that address certain dietary requirements, such as gluten-free, dairy-free, or soy-free alternatives.
Middle East & Africa
In 2022, Europe accounted for approximately 35% of the worldwide market. Customers in the area are making the decision to consume fewer animal products and are increasingly selecting plant-based substitutes, such plant-based bars. throughout recent years, there have been more plant-based bars throughout Europe.throughout addition, vegetarianism and veganism are becoming more popular throughout Europe. Vegetarianism and veganism are associated with religious or cultural practises in several of the region's nations, including India. These communities thus have a high demand for plant-based goods, such as plant-based bars. In recent years, plant-based bars have become more prevalent in the Asia-Pacific area.
Greens Gone Wild, LLC.
General Mills Inc. (L RABAR)
GNC Holdings, LLC
V xa Bars
Clif Bar & Company
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Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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