Protein Bar Market is estimated to be US$ 2.45 billion by 2030 with a CAGR of 6.6% during the forecast period
Protein Bar Market accounted for US$ 1.30 billion in 2020 and is estimated to be US$ 2.45 billion by 2030 and is anticipated to register a CAGR of 6.6%. A protein bar is a sort of dietary supplement that provides a significant amount of protein as well as other nutrients. Proteins are required by the body in specific amounts on a daily basis in order for muscles, organs, and other body components to operate properly. Protein bars are dietary supplements that might help you lose or gain weight. Between-meal protein snacks can help you regulate your hunger. To maintain carbohydrate and calorie consumption, most protein bars include 150 to 250 calories apiece. The use of protein bars can be influenced by a person's fitness objectives, dietary habits, and financial situation (as these bars are relatively pricey than other types of bars).
The report "Global Protein Bar Market, By Product (Gluten-free Protein Bars, Vegetarian Protein Bars, Sports Nutrition Bars, and Others), By Distribution Channel (Supermarket/Hypermarket, Convenience Store, Specialist Retailers, Online Stores, and Other Distribution Channels), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030’’
Key Highlights:
· In July 2020, Nestlé launched a new range of its YES! snack bars, with each bar containing 10 grams of plant protein from a delicious natural combination of nuts and peas.
· In October 2021, OZiva launches Superfood Kids range to bridge the gap of clean nutrition for growing children.
Analyst View:
The global protein bar market is growing as people become more aware of ailments associated by protein deficiency and as people become more health concerned. Another factor helping the global market's growth is the availability of protein bars with lower allergy and gluten-free contents. Protein bars have an important function in providing critical minerals and protein, enhancing muscle growth, and increasing energy levels, as seen by rising fitness trends among both men and women. Nonetheless, improvements in the flavour of protein bars have the potential to greatly expand the market. This could result in prospective revenue opportunities for the worldwide market's target players.
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Key Market Insights from the report:
Global Protein Bar market accounted for US$ 1.30 billion in 2020 and is estimated to be US$ 2.45 billion by 2030 and is anticipated to register a CAGR of 6.6%. Global Protein Bar market is segmented into product, distribution channel and region.
· Based on Product, the Global Protein Bar Market is segmented into Gluten-free Protein Bars, Vegetarian Protein Bars, Sports Nutrition Bars, and Others.
· Based on Distribution Channel, the Global Protein Bar Market is segmented into Supermarket/Hypermarket, Convenience Store, Specialist Retailers, Online Stores, and Other Distribution Channels.
· By Region, the Global Protein Bar Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape & their strategies of Global Protein Bar Market:
The key players in the global Protein Bar market includes PepsiCo, Inc., The Kellogg Company, Nature's Bounty Co., Quest Nutrition LLC, Kind LLC, General Mills Inc., Clif Bar & Company, Muscle Pharm, Caveman Foods LLC, and Abbott Laboratories. Prominent players operating in the target market are focusing on strategic partnerships as well as the launching of the products to gain a competitive edge in the target market.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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