The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Energy Bar Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.
In-Depth Market Overview of Energy Bar Industry (2023-2028):
According to the latest report, The Energy Bar Market is projected to grow at a CAGR of around 5.6% during the forecast period, i.e., 2023-28. The report demonstrates the prominent factors propelling the exponential growth of the Energy Bar industry.
Key Takeaways: Beneficial for Stakeholders and Clients:
· Historical Data: 2019-22
· Base Year: 2023
· Forecast Period: 2023-28
· CAGR (2023-2028): 5.6%
What are the major Driver the Energy Bar industry?
Utilization of Allergy triggering Ingredients in the Energy bar - Although the market has witnessed expansion with numerous favorable market trends, A few aspects might hinder market growth in the coming years. Allergy triggered by ingredients used in energy bars is one of them. According to Food Allergy Research & Education (FARE), around 25 to 40% of people are allergic to both tree nuts and peanuts. In fact, all pre-packaged foods in the United States that use nuts as an ingredient must list the type of nut on the label, as a requirement of the federal Food Allergen Labelling and Consumer Protection Act of 2004 (FALCPA). Besides, the high pricing of these bars is likely to impede market growth during the forecast period.
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Energy Bar Market Segmentation
The Energy Bar Market analysis of Markntel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Type
- Protein Bar
- Nutrition Bar
- Cereal Bar
- Fiber Bar
- By Nature
- Organic
- Conventional
- By Distribution Channel
- Hypermarket & Supermarket
- Convenience Stores
- Speciality Stores
- Online Sales Channel
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
As per the regional aspect, the Energy Bar Market is expected to be dominated by North America by capturing the potential market share.
Explore further details about this research report - https://www.marknteladvisors.com/research-library/energy-bar-market.html
Top Companies in the Energy Bar Market
Brighter Foods Ltd, Clif Bar & Company, General Mills, Inc., Kind LLC, McKee Foods Corporation, NuGo Nutrition, Premier Nutrition Inc., Probar LLC, Quest Nutrition, Kellogg Company, Others.
Recent Developments in the Global Energy Bar Market
In January 2021, Clif Bar & Company unveiled a new thin and crispy energy snack bar, namely CLIF BAR Thins. The product is organic and plant-based, contain 100 calories with 5 g of sugar, and comes in three flavours chocolate peanut brownie, chocolate chip, and white chocolate macadamia nut.
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