Technavio has been monitoring the snack bars market in the US and it is poised to grow by USD 806.08 mn during 2020-2024, progressing at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Snack Bars Market in the US 2020-2024 (Graphic: Business Wire)
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Frequently Asked Questions:
What are the major trends in the market?
Increasing demand for plant-based snack bars is a major trend driving the growth of the market.
At what rate is the market projected to grow?
The year-over-year growth for 2020 is estimated at 2.05% and the incremental growth of the market is anticipated to be $ 806.08 mn.
Who are the top players in the market?
Abbott Laboratories, Clif Bar & Co., General Mills Inc., Kellogg Co., KIND LLC, Mondelez International Inc., PepsiCo Inc., Quest Nutrition LLC, The Hain Celestial Group Inc., and The Hershey Co., are some of the major market participants.
What is the key market driver?
The new product launches is one of the major factors driving the market.
How big is the energy bars market?
The energy bars region will contribute 54% of the market share.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abbott Laboratories, Clif Bar & Co., General Mills Inc., Kellogg Co., KIND LLC, Mondelez International Inc., PepsiCo Inc., Quest Nutrition LLC, The Hain Celestial Group Inc., and The Hershey Co. are some of the major market participants. The new product launches will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Snack bars market in the US 2020-2024: Segmentation
Snack bars market in the US is segmented as below:
Energy And Nutrition Bars
Other Snack Bars
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Snack bars market in the US 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The snack bars market in the US report covers the following areas:
Snack bars market in the US Size
Snack bars market in the US Trends
Snack bars market in the US Industry Analysis
This study identifies the increasing demand for plant-based snack bars as one of the prime reasons driving the Snack bars market growth in the US during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Snack bars market in the US 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist snack bars market growth in the US during the next five years
Estimation of the snack bars market size in the US and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the snack bars market in the US
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of snack bars market vendors in the US
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Value chain analysis
Market segmentation analysis
PART 04: MARKET SIZING
Market sizing 2019
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
PART 06: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
Energy and nutrition bars - Market size and forecast 2019-2024
Granola bars - Market size and forecast 2019-2024
Breakfast bars - Market size and forecast 2019-2024
Other snack bars - Market size and forecast 2019-2024
Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
Market segmentation by distribution channel
Comparison by distribution channel
Offline distribution - Market size and forecast 2019-2024
Online distribution - Market size and forecast 2019-2024
Market opportunity by distribution channel
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
Rising demand for on-the-go breakfast options
Increasing demand for plant-based snack bars
Growing popularity of private-label brands
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
Market positioning of vendors
Clif Bar & Co.
General Mills Inc.
Mondelez International Inc.
Quest Nutrition LLC
The Hain Celestial Group Inc.
The Hershey Co.
PART 14: APPENDIX
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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