A New Market Study, titled “Snack Bars Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
This report provides in depth study of “Snack Bars Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Snack Bars Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
This market report offers a comprehensive analysis of the global Snack Bars market. This report focused on Snack Bars market past and present growth globally. Global research on Global Snack Bars Industry presents a market overview, product details, classification, market concentration, and maturity study. The market value and growth rate from 2019-2025 along with industry size estimates are explained.
The latest advancements in Snack Bars industry and changing market dynamics are key driving factors to depict tremendous growth. Also, the risk factors which will have a significant impact on the Global Snack Bars industry in the coming years are listed in this report. The revenue-generating Snack Bars types, applications, and key regions are evaluated. Top growing regions and Snack Bars industry presence cover Asia-Pacific, North America, Europe, Middle East, African countries and South America. This Snack Bars business study also analyzes the top countries in these regions with their market potential.
The key players covered in this study
Natural Balance Foods
Frank Food Company
The Fresh Olive Company
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The global snack bars market registered some astounding figures in the year 2018. The market is characterized by several leading factors that affect the growth prospects of the industry. The industry clocked $20.15 billion in the year 2018 and is expected to grow at a compound annual growth rate of 6.64% from 2019-2025. The drive in the industry is carried by the rising awareness among the people regarding the nutritional value of the snack bars. This, in turn, puts the snack bars against chocolates and other similar products.
When it comes to snack bars, there is a slew of factors that affect the growth prospects of the industry. The easy availability of the product, coupled with a robust supply chain, is expected to drive the growth prospects of the industry. On the other hand, rapid globalization and modernization have helped the industry flourish in major nations across the globe. Furthermore, factors like low time frames and the nutritional value of snack bars are expected to drive growth further.
However, despite the favorable factors, the industry is looked at with skeptic’s eyes. Traditional breakfast items still are preferred by many nations across the globe. Other factors like the rise in obesity and high sugar content can lead to cavities or diabetes. However, despite the drawbacks, the analysts remain positive about the growth prospects, and the industry is expected to proliferate further all across the globe.
The snack bars industry can be segmented under numerous factors, with each factor playing a crucial role in the growth of the sector. Each segment has its own set of advantages and disadvantages that play an essential role in the growth of the industry. Each segmentation allows one to have a view on the industry from varying angles, thus, promoting a clear, unbiased opinion on the industry. Some of the significant factors based on which the industry can be segmented into are product and distribution channels. Based on the product, the industry is segmented into breakfast, fruit, energy and nutrition, and others. While based on the distribution channels, the industry can be segmented into supermarkets/hypermarkets, retailers, and others.
When it comes to snack bars, the United States holds the lion share, followed by Europe. The changing lifestyle, coupled with fitness concerns, has made the product easy to consume the item. Apart from that, the easy availability of products coupled with a growing number of flavors is expected to drive growth further. The Asia Pacific region shows some great signs, too, with India contributing a significant part in the area.
In a recent piece of news, Kind Healthy Snacks, a famous snack bars manufacturer has decided to lay off 90 of its staff members. The move will take place on 28th October, 2019 and would impact teams in sales, marketing and accounts. A total of 15% of its staff will be affected by the layoff.
Major Key Points in Table of Content
1 Market Definition
2 Global Market by Vendors
3 Global Market by Type
4 Global Market by End-Use / Application
5 Global Market by Regions
6 North America Market
7 Europe Market
8 Asia-Pacific Market
9 South America Market
10 Middle East & Africa Market
11 Market Forecast
12 Key Manufacturers
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