The global protein bars market is anticipated to grow at a significant CAGR of around 6% during the forecast period. The market growth is driven by the increasing consumer inclination towards ready-to-eat food products such as protein bars which helps in maintaining overall health and wellness. The benefits offered by protein bars such as it helps in weight management, improving muscle mass, and increasing energy drives their demand among athlete and fitnessfreaksPeople globally used healthy/ protein bars as a way to get essential nutrients and support home exercise routines as they prioritized staying well. The increasing consumption of protein in any form in regular diet to fullfill the daily nutrition generating the scope for protein bars. As per the International Food Information Council reports, 62% of US consumers are trying to consume more protein, making it the most sought-after nutrient right now. In addition, one in four consumers eats more protein from plant sources.
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Moreover, manufacturers are focusing on introducing variety of sports protein snakes made with plant-based protein in order to meet the high demand for nutritional food products. For instance, in June 2021, RXBAR launched a plant-based protein bar made with 10 grams of plant-based protein in place of RXBAR’s signature egg whites. The new plant based protein bar is available on RXBAR’s website and on shelves at several retailers including Target and Kroger.
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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
Market Segmentation
Global Protein Bars Market by Product Type
- Gluten-free protein bars
- Vegetarian protein bars
- Sports nutrition bars
- Others
Global Protein Bars Market by Source
- Animal based Protein
- Plant based Protein
Global Protein Bars Market by Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialist Retail Stores
- Online Stores
- Other
Regional Analysis
- 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
Company Profiles
- AdvoCare
- Amazing Grass
- Amway Corp.
- BellRing Brands Inc.
- Betterbite Pvt. Ltd.
- Canadian Protein
- Caveman Foods
- GNC Holdings, LLC
- GoMacro, LLC
- Hormel Foods Corp.
- Naturell Pvt. Ltd.
- Nestlé S.A.
- ONE Brands LLC
- Power Crunch
- Simply Good Foods USA, Inc.
- Sirimiri Nutrition Food Products Pvt Ltd
- Stayfit Enterprize Pvt. Ltd.
- The Bountiful Co.
- The PROBAR
- Verb Energy Inc Ryse Up Sports Nutrition LLC
- WIMWI Foods Pvt. Ltd.
- Youbars
- Xterra Nutrition
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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