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Cereal Bar Market - Forecast(2021 - 2026)
Cereal Bar Market Overview
Cereal Bar Market size is $12.3 Billion in 2019, growing at a CAGR of 8.7% during the forecast period 2020-2025. Cereals bars are made using whole grains without added sugar are proven to be healthy and nutritive containing nutritional sources like dietary protein, iron, vitamin B complex, vitamin E, carbohydrates and others. It offers numerous health benefits to doting mothers and are easy to prepare, thus, they are witnessing augmented demand from consumers worldwide. The bars are often fortified with essential vitamins and minerals such as folic acid, calcium and zinc, which can help the geriatric population. Fiber is also found in the protein energy bars, which can help avoid constipation, a common side effect of pregnancy, and helps to keep energy levels up and prevent fatigue. Ready-to-eat nutritious products, such as protein bars, energy bars are highly appreciated for their convenience. Growing consumer options for energy nutrition bars and snack bars instead of mealtime cereals, busy schedules and increasing health awareness are set to contribute significantly to market growth during the forecast period 2020-2025.
Report Coverage
The report: “Cereal Bar Market – Forecast (2020-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Cereal Bar Market.
By Type: Energy Cereal Bar, Granola/Muesli Cereal Bar and Snack Bar.
By Flavor: Chocolate, Honey, Caramel, Peanut Butter and Others.
By Distribution Channel: E-Commerce, Hypermarket/Supermarket, Specialty Stores, Convenience Stores and Others.
By Geography: North America, Europe, Asia-Pacific and Rest of the World.
Key Takeaways
- Increasing influence of westernization on food habits of the middle-class population is also contributing significantly towards the demand for cereal bar in various countries, accelerating the Cereal Bar demand over the forecast years 2020-2025.
- Increasing health consciousness and growing awareness about diseases caused due to protein deficiency is likely to be the major driving factor for the market’s growth.
- Asia-Pacific region is projected to record the fastest growth rate during the forecast period 2020-2025.
Cereal Bar Market Segment Analysis - By Type
In 2019, Energy Cereal Bar segment dominated the Cereal Bar Market in terms of revenue is estimated to is also set to grow at fastest CAGR of 9.4% owing towards the ability to fulfill various dietary requirements, product intake is growing, such as low salt content, low cholesterol levels and low or no sugar content. It is commonly used by customers as energy cereal bars have tremendous nutritional values such as fiber and proteins. There is a growing popularity and demand for cereal bars, particularly among sports people, as these bars help suppress appetite and maintain weight, which is very important for athletes. Energy Cereal Bar supports consumers with their weight management by offering consumers items that assist with fat burning aids, extra nutrition, and calorie control. These goods cater to customers who are health-conscious and those who are trying to meet certain health goal abetting towards the growth of the market.
Cereal Bar Market Segment Analysis - Geography
In 2019, the North America region dominated Cereal Bar Market in terms of revenue with a market share of 40% owing towards rising public & private funding for R&D in this region. Increasing awareness of the nutritional value of cereal bars among individuals and increasing preference as a substitute for breakfast are key factors expected to boost the region's market growth. The growth of the cereal bar market is also expected to be driven by the increasing popularity of gluten-free and vegan food products coupled with a growing vegan population. Government has taken initiatives to promote technological advancements and initiatives to escalate the development process are key factors in the growth of the Cereal Bar market. Asia Pacific is expected to record the fastest growth rate during the forecast period 2020-2025.
Cereal Bar Market Drivers
The Growing Popularity Of On-The-Go Grab Breakfasts
The increasing adoption of cereal bar not only for breakfast, but often for lunch, and also with afternoon tea has resulted to an increase in the product demand. Several tailor-made products are sold by cereal bar-producing company, which are not only nutritious and good for health, but also appetizing, making the cereal bars a snack for eating at all times and conditions. Bar producers are adding variations to increase market share by offering nuts, dried meats, rice, and other vitamins, and protein-rich ingredients in bars. This also results in increased sales of cereal bars in convenience stores as "snacks on the go" The conversion of cereal bars for a snack to eat at any time of the day pushes development to a much broader potential market, serving not only as a substitute for breakfast products but also for any snack between meals are driving the markets growth.
Cereal Bar Market Challenges
Market Availability Of Substitute Snacking Items
Alternative bar availability may also limit the cereal bar market and people are not properly aware of the advantages of cereal bar and still eat traditional snack items such as biscuits, chips, among others that hinder development. The increase in the cost of raw materials that are used to make snack bars, including nuts, chocolate, and other raw materials also hamper the growth. Regulatory concerns regarding usage of Cereal Bar and growing stringent government policy and regulation is restraining growth of the market.
Cereal Bar Industry Outlook
Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in the Cereal Bar Industry. Cereal Bar top 10 companies include Atkins Nutritional, Cliff Bar Company, General Mills, Inc., Kind LLC, Mars, Incorporated, McKee Foods, Naturell, Nestl S.A., Quaker Oats and The Kellogg Company.
Acquisitions/Product Launches
- In September 2019, Mars, Inc. acquired a large majority stake in food spring, the Berlin-based direct-to-consumer targeted nutrition business that provides products for customers with needs for sports results, healthy living and shape, as well as a leading forum for nutrition and fitness.
- In July 2019, General Mills Inc. launched Nature Valley Wafer Bars, which are made with whole grain, layers of peanut butter and topped with granola.
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1. Cereal Bar Market Overview
1.1 Definitions and Scope
2. Cereal Bar Market - Executive Summary
2.1 Market Revenue, Market Size and Key Trends
2.2 Key trends by Type
2.3 Key trends by Flavor
2.4 Key rends by Geography
3. Cereal Bar Market
3.1 Market Share Analysis
3.2 Comparative Analysis
3.2.1 Product Benchmarking – Key Companies
3.2.2 Financial Analysis– Key Companies
3.2.3 Patent Analysis
3.2.4 Customer Analysis
4. Cereal Bar Market - Startup Companies Scenario Premium
4.1 Key Startup Company Analysis by
4.1.1 Investment
4.1.2 Revenue
4.1.3 Venture Capital and Funding Scenario
5. Cereal Bar Market – Industry Market Entry Scenario Premium Premium
5.1 Regulatory Framework Overview
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Cereal Bar Market - Forces
6.1 Market Drivers
6.2 Market Constraints/Challenges
6.3 Porters Five Force Model
6.3.1 Bargaining power of suppliers
6.3.2 Bargaining powers of customers
6.3.3 Threat of new entrants
6.3.4 Rivalry among existing players
6.3.5 Threat of substitutes
7. Cereal Bar Market – Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle
8. Cereal Bar Market – By Type (Market Size –$Million/$Billion)
8.1 Energy Cereal Bar
8.2 Granola/Muesli Cereal Bar
8.3 Snack Bar
9. Cereal Bar Market – By Flavor (Market Size –$Million/$Billion)
9.1 Chocolate
9.2 Honey
9.3 Caramel
9.4 Peanut Butter
9.5 Others
10. Cereal Bar Market – By Distribution Channel (Market Size –$Million/$Billion)
10.1 E-Commerce
10.2 Hypermarket/Supermarket
10.3 Specialty Stores
10.4 Convenience Stores
10.5 Others
11. Cereal Bar Market - By Geography (Market Size –$Million/$Billion)
11.1 North America
11.1.1 U.S.
11.1.2 Canada
11.1.3 Mexico
11.2 Europe
11.2.1 U.K.
11.2.2 Germany
11.2.3 France
11.2.4 Italy
11.2.5 Spain
11.2.6 Rest of Europe
11.3 Asia-Pacific
11.3.1 China
11.3.2 India
11.3.3 Japan
11.3.4 South Korea
11.3.5 Australia & New Zealand
11.3.6 Rest of Asia-Pacific
11.4 Rest of the World
11.4.1 Middle East
11.4.2 Africa
11.4.3 South America
12. Cereal Bar Market - Entropy
13. Cereal Bar Market – Industry/Segment Competition Landscape Premium
13.1 Market Share Analysis
13.1.1 Market Share by Region – Key companies
13.1.2 Market Share by Countries – Key Companies
13.1.3 Best Practices for Companies
14. Cereal Bar Market – Key Company List by Country Premium Premium
15. Cereal Bar Market Company Analysis
15.1 Company 1
15.2 Company 2
15.3 Company 3
15.4 Company 4
15.5 Company 5
15.6 Company 6
15.7 Company 7
15.8 Company 8
15.9 Company 9
15.10 Company 10
"*Financials for private companies would be provided on a best efforts basis”.
LIST OF TABLES
1.Global Competitive Analysis Market 2019-2024 ($M)1.1 List Of Key Distributors Channel Partners Market 2019-2024 ($M) - Global Industry Research
1.2 Key Customers Market 2019-2024 ($M) - Global Industry Research
1.3 Public Companies Market 2019-2024 ($M) - Global Industry Research
1.3.1 Company Ranking Market 2019-2024 ($M)
1.3.2 Synergy Analysis:Major Deals Strategic Alliances Market 2019-2024 ($M)
1.3.3 Swot Analysis Of Public Companies Market 2019-2024 ($M)
1.4 Private Companies Market 2019-2024 ($M) - Global Industry Research
1.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators Market 2019-2024 ($M)
2.Global Competitive Analysis Market 2019-2024 (Volume/Units)
2.1 List Of Key Distributors Channel Partners Market 2019-2024 (Volume/Units) - Global Industry Research
2.2 Key Customers Market 2019-2024 (Volume/Units) - Global Industry Research
2.3 Public Companies Market 2019-2024 (Volume/Units) - Global Industry Research
2.3.1 Company Ranking Market 2019-2024 (Volume/Units)
2.3.2 Synergy Analysis:Major Deals Strategic Alliances Market 2019-2024 (Volume/Units)
2.3.3 Swot Analysis Of Public Companies Market 2019-2024 (Volume/Units)
2.4 Private Companies Market 2019-2024 (Volume/Units) - Global Industry Research
2.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators Market 2019-2024 (Volume/Units)
3.North America Competitive Analysis Market 2019-2024 ($M)
3.1 List Of Key Distributors Channel Partners Market 2019-2024 ($M) - Regional Industry Research
3.2 Key Customers Market 2019-2024 ($M) - Regional Industry Research
3.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
3.3.1 Company Ranking Market 2019-2024 ($M)
3.3.2 Synergy Analysis:Major Deals Strategic Alliances Market 2019-2024 ($M)
3.3.3 Swot Analysis Of Public Companies Market 2019-2024 ($M)
3.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
3.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators Market 2019-2024 ($M)
4.South America Competitive Analysis Market 2019-2024 ($M)
4.1 List Of Key Distributors Channel Partners Market 2019-2024 ($M) - Regional Industry Research
4.2 Key Customers Market 2019-2024 ($M) - Regional Industry Research
4.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
4.3.1 Company Ranking Market 2019-2024 ($M)
4.3.2 Synergy Analysis:Major Deals Strategic Alliances Market 2019-2024 ($M)
4.3.3 Swot Analysis Of Public Companies Market 2019-2024 ($M)
4.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
4.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators Market 2019-2024 ($M)
5.Europe Competitive Analysis Market 2019-2024 ($M)
5.1 List Of Key Distributors Channel Partners Market 2019-2024 ($M) - Regional Industry Research
5.2 Key Customers Market 2019-2024 ($M) - Regional Industry Research
5.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
5.3.1 Company Ranking Market 2019-2024 ($M)
5.3.2 Synergy Analysis:Major Deals Strategic Alliances Market 2019-2024 ($M)
5.3.3 Swot Analysis Of Public Companies Market 2019-2024 ($M)
5.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
5.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators Market 2019-2024 ($M)
6.APAC Competitive Analysis Market 2019-2024 ($M)
6.1 List Of Key Distributors Channel Partners Market 2019-2024 ($M) - Regional Industry Research
6.2 Key Customers Market 2019-2024 ($M) - Regional Industry Research
6.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
6.3.1 Company Ranking Market 2019-2024 ($M)
6.3.2 Synergy Analysis:Major Deals Strategic Alliances Market 2019-2024 ($M)
6.3.3 Swot Analysis Of Public Companies Market 2019-2024 ($M)
6.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
6.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators Market 2019-2024 ($M)
7.MENA Competitive Analysis Market 2019-2024 ($M)
7.1 List Of Key Distributors Channel Partners Market 2019-2024 ($M) - Regional Industry Research
7.2 Key Customers Market 2019-2024 ($M) - Regional Industry Research
7.3 Public Companies Market 2019-2024 ($M) - Regional Industry Research
7.3.1 Company Ranking Market 2019-2024 ($M)
7.3.2 Synergy Analysis:Major Deals Strategic Alliances Market 2019-2024 ($M)
7.3.3 Swot Analysis Of Public Companies Market 2019-2024 ($M)
7.4 Private Companies Market 2019-2024 ($M) - Regional Industry Research
7.4.1 List Of Key Emerging Companies/Technology Disruptors/Innovators Market 2019-2024 ($M)
LIST OF FIGURES
1.US Cereal Bar Market Revenue, 2019-2024 ($M)2.Canada Cereal Bar Market Revenue, 2019-2024 ($M)
3.Mexico Cereal Bar Market Revenue, 2019-2024 ($M)
4.Brazil Cereal Bar Market Revenue, 2019-2024 ($M)
5.Argentina Cereal Bar Market Revenue, 2019-2024 ($M)
6.Peru Cereal Bar Market Revenue, 2019-2024 ($M)
7.Colombia Cereal Bar Market Revenue, 2019-2024 ($M)
8.Chile Cereal Bar Market Revenue, 2019-2024 ($M)
9.Rest of South America Cereal Bar Market Revenue, 2019-2024 ($M)
10.UK Cereal Bar Market Revenue, 2019-2024 ($M)
11.Germany Cereal Bar Market Revenue, 2019-2024 ($M)
12.France Cereal Bar Market Revenue, 2019-2024 ($M)
13.Italy Cereal Bar Market Revenue, 2019-2024 ($M)
14.Spain Cereal Bar Market Revenue, 2019-2024 ($M)
15.Rest of Europe Cereal Bar Market Revenue, 2019-2024 ($M)
16.China Cereal Bar Market Revenue, 2019-2024 ($M)
17.India Cereal Bar Market Revenue, 2019-2024 ($M)
18.Japan Cereal Bar Market Revenue, 2019-2024 ($M)
19.South Korea Cereal Bar Market Revenue, 2019-2024 ($M)
20.South Africa Cereal Bar Market Revenue, 2019-2024 ($M)
21.North America Cereal Bar By Application
22.South America Cereal Bar By Application
23.Europe Cereal Bar By Application
24.APAC Cereal Bar By Application
25.MENA Cereal Bar By Application
26.General Mills, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Naturell, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Mars, Incorporated, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Kind LLC, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Nestl S.A., Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.The Hain Celestial Group, Inc., Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.The Kellogg Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Atkins Nutritional, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.McKee Foods, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Quaker Oats, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Cliff Bar Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)