Vegan protein bars market is anticipated to grow at a CAGR of 11.2% during the forecast period. The consumer inclination toward plant-based food products owing to the increase in food allergies is one of the major factors driving the demand for vegan protein bars. As per the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of allergy. Food allergies are estimated to affect 4% – 6% of children and 4% of adults. Symptoms of an allergic reaction may involve the skin, the gastrointestinal tract, the cardiovascular system, and the respiratory tract. Vegan protein bars contain only protein from plant sources such as peas, brown rice, hemp, and soybean. With the increasing number of health clubs owing to emerging fitness trends and rising awareness about protein bars, the vegan protein bar market is expected to witness significant demand during the forecast period.
Get Free Sample link @ https://www.omrglobal.com/request-sample/vegan-protein-bars-market
Apart from these, increasing marketing campaigns for vegan protein bars as a substitute for meal replacement, by the fitness clubs will further aid in the market growth. However, the availability of substitutes at a low price may hamper the market growth. Whereas, the rising health initiatives by several governments and international organizations across the globe will create new aspects for industry growth during the forecasted period. Market players operating in the market are concentrating on product launches while enhancing nutritional values. For instance, in November 2019, PROBAR LLC, launched two delicious new PROBAR Meal Bar flavors, Blueberry Muffin and S’mores. The bars are 100% plant-based, gluten-free, and crafted with whole superfoods for great taste.
A full report of Vegan Protein Bars Market available @ https://www.omrglobal.com/industry-reports/vegan-protein-bars-market
- 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 Vegan Protein Bars Market by Ingredient
- Soy
- Pea
- Nuts
- Others (Quinoa, Brown Rice, and Vegetable)
Global Vegan Protein Bars Market by Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Drug Stores and Pharmacies
- Health and Wellness Stores
- Online Retailing
Regional Analysis
- North America
- United States
- 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
Company Profiles
- BHU Foods
- Clif Bar & Co.
- General Mills Inc.
- Glanbia Nutritionals
- GNC Holdings, Inc.
- Kellogg Co.
- Manitoba Harvest
- Nestle S.A.
- NuGo Nutrition
- Probar, Llc
- Raw Rev
- Rise Bar
- Simply Protein (Wellness Natural Inc.)
- The Bountiful Co.
- Verb Energy Inc.
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 vegan protein bars market. Based on the availability of data, information related to pipeline products, 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.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/vegan-protein-bars-market
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 780-304-0404
