Global Energy Bar Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
May. 15, 2018
DUBLIN--(BUSINESS WIRE)--May 15, 2018--The "Global Energy Bar Market - Segmented by Distribution Channel and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global energy bar market was valued at US$5.1 billion in 2017, witnessing a CAGR of 4.9% during the forecast period, 2018-2023. Global energy bar volume sales are expected to witness a CAGR of 2.7% during the forecast period.
The leading countries for Energy Bar consumption are the US, Mexico, Japan, and Australia. North America is expected to grow at a faster pace due to the high demand for cultured dairy products. Energy Bars are the supplement bars composed of cereals and high energy-providing nutrients such as protein, carbohydrates, vitamins, minerals, and other ingredients, which provide instant energy to the body.
The penetration of energy bars is higher between the age group of 18-44 years, rather than those aged 45 or older. Consumption pattern as a meal replacement or breakfast option to supplement their diet. Rising gym going population to maintain health & fitness globally are more likely to consume nutrition bar. About 30% of the US consumer finds it difficult to prepare healthy meal/breakfast. More than half of UK adult struggle to get time for healthy eating. Consumers are increasingly going health conscious when it comes to bite in between meals. An on-the-go snacking industry, which is a billion dollar market, recorded a growth rate of 10% between 2010-2016.
Companies MentionedGeneral Mills Inc. The Kellogg Company QuestNutrition LLC Probar LLC Nutrition Inc. Clif Bar & Company The Gatorade Company PowerBar Inc. Abbott Nutrition Manufacturing Inc Hormel Foods Corporation Glaxosmithkline Plc Nature's bounty Co.
Key Topics Covered:
2. Research Approach and Methodology
3. Market Overview
4. Market Segmentation
5. Competitive Landscape
6. List of Company Profiles
7. Companies Covered
For more information about this report visit https://www.researchandmarkets.com/research/xkggdf/global_energy_bar?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180515005744/en/
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Related Topics:Snacks and Confectionery
INDUSTRY KEYWORD: HEALTH FITNESS & NUTRITION RETAIL FOOD/BEVERAGE
SOURCE: Research and Markets
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PUB: 05/15/2018 06:30 AM/DISC: 05/15/2018 06:30 AM