Market Research Report
Protein Bar Market - - Growth, Trends, and Forecasts (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||850324|
Delivery time: 2-3 business days
|Protein Bar Market - - Growth, Trends, and Forecasts (2020 - 2025)|
|Published: April 1, 2020||Content info:||
Global Protein Bar Market is expected to register a CAGR of 4.23 %, during the forecast period, 2019 to 2024.
Global Protein Bar Market is segmented by Distribution Channel as Supermarkets/Hypermarkets, Convenience stores, Specialist retail stores, online stores, Others; Geography.
Evolving Fitness Trends Leading to High Protein Rich Diet
Protein is an important element that supports fitness progress. Therefore, consumers are opting weight management and energy products, such as protein bars, to remain fit and healthy. Owing to higher nutrition levels in protein bars, they are gaining prominence among the health-conscious consumers, as a nutritious protein bar can provide the ideal protein balance for a busy and healthy lifestyle. Additionally, supplementing meals with bars is expected to increase protein intake, without adding unnecessary calories or carbohydrates. These fitness trends are expected to augment the demand for protein bars, as they play a major role in providing essential nutrients and proteins, increase energy levels, and enhance muscle mass.
Fastest Growing Market for Protein Bars Consumption
North America protein bar market is almost in saturating phase, whereas Europe and Asia-Pacific markets are getting high pace in both production and consumption. Europe held 26% of the global market share in 2016. Healthy snacks and food supplements are on the rise, with a high protein bar brand, demonstrating huge success in the United Kingdom and China. Natural and Non-GMO protein bars are on track to become the best-selling wholesome protein bar in these regions. Asian market influence is increasing in the global protein bar market, with increasing potential and product innovation in China, India, and other countries.
The most active companies in the protein bar market include key players, such as The Kellogg Company, General Mills, Inc., Mars, Inc., Hormel Foods Corporation, The Whitewave Foods Company, Small Planet Foods, Inc., Premier Nutrition Corporation, Quest Nutrition, Llc, Musclepharm, The Balance Bar Company, and Quest Nutrition LLC, among others.