Report ID:
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The most important driver driving global energy bar sector sales has been consumer demand for convenient and healthful on-the-go food options. Furthermore, because of their tiny packaging and high energy level, they are an excellent choice for individuals who demand immediate results. It also contains essential proteins, nutrients, and micronutrients, resulting in a well-balanced diet in a tiny container. Furthermore, the increasing demand for energy bars to fulfil a wide range of customer needs has resulted in a diversity of product improvements as well as a rise in the usage of healthy components. The addition of labels on these bars, such as gluten-free, vegan, low fat, low calorie, no added sugars, and sweeteners, pushes market growth. Key players dominating the market are Brighter Foods Ltd, Cliff Bar & Company, General Mills Inc, Kellogg Company and others.
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 Diversified Materials 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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