Product ID: UCMIG30I2217
Report ID:
UCMIG30I2217 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2018, the size of the world market for cereal bars was assessed at USD 11.7 billion. The market for nutritious cereal bar products is expected to increase, especially in China, the United States, and India. Consumption of the product is rising as a result of its capacity to satisfy a number of nutritional needs, including low salt, cholesterol, and sugar content. However, it is projected that the increase will be hampered by the high production costs brought on by fluctuating raw material prices. Large corporations are expanding their regional reach in an effort to increase market share overall. In the approaching years, it is anticipated that building connected warehouses in strategic locations would continue to be a crucial success factor.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG30I2217