The global protein bars market is anticipated to grow at a considerable CAGR of around 6% during the forecast period (2022-2028). An important element that supports fitness progress is protein. Hence, consumers’ preference for opting for weight management and energy products, such as protein bars, is increased to remain fit and healthy. Due to the high nutrition levels present in them, protein bars are gaining more attention among health-conscious consumers.
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Moreover, protein bars provide the ideal protein balance required for a healthy lifestyle. Additionally, consumers currently are taking supplements with meals hence, supplementing meals with bars is anticipated to increase protein intake, without adding not needed calories or carbohydrates. The ongoing fitness trends in the population of all age groups are anticipated to increase the demand for protein bars, as protein bars play an important role in providing essential nutrients and proteins that are necessary for the functioning of the body, it also helps in increasing energy levels, and enhancing muscle mass. For instance, in November 2021, General Mills, Inc expanded its product portfolio with addition of new dual-textured Nature Valley Protein Crunch bars. The protein bars are available in peanut butter and chocolate peanut butter varieties.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Protein Bars Market Report Segment
By Type
- Gluten-free protein bars
- Vegetarian protein bars
- Sports nutrition bars
- Others
By Source
- Animal Protein
- Plant Protein
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialist Retail Stores
- Convenience Stores
- Online Stores
- Other
Global Protein Bars market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Protein Bars market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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