Global Protein Bar Market Will Reach USD xxxx Million by 2026
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2019 to 2026
According to the report, the global Protein Bar market is valued at approximately USD xxxx million in 2019 and is expected to generate revenue of around USD xxxx million by 2026, growing at a CAGR of roughly xxxx% from 2019 and 2026.
Protein bars are food supplement bars. These protein bars are aimed at consumers who lead an active lifestyle, such as athletes and athletes. It can also be used as a snack or as a meal replacement solution.
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Key Players:
Key players in the Protein Bar market include Kellogg, General Mills, Premier Nutrition, Quest Nutrition, Grenade, YouBar, OhYeah! Nutrition, Atkins Nutritionals, Abbott Nutrition, Mars, Clif bars, KIND Snacks, NuGo Nutrition, Orgain, etc.
Market Driver and Restraint
Major factors contributing to the growth of the global Protein Bar market include the high protein content in the product and increasing working population followed by a hectic lifestyle of consumers. Growing health-conscious population and increase in disposable income are also projected to propel the growth of the market. Protein Bar is becoming more popular due to health and fitness trends. However, the emergence of alternatives will limit the growth of the market.
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Forecast by Geography
North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa are the key regional segment of the global Protein Bar market. North America is expected to dominate the market in the forecast period. This can be attributed to the presence of major US players and growing interest in portable convenience foods. Europe is anticipated to show significant growth in the forecast period, owing to a high inclination towards functional foods and nutritional products in this region. Asia-Pacific is projected to grow at a noticeable rate during the forecast period. China and Japan are the major markets of the Protein Bar market in this region. Australia is also expected to have moderate growth over the forecast period due to an increasing trend of health and fitness.
Type Segment Analysis
Important types of the product covered in this report include Low Protein (0-15g), Medium Protein (16g-25g), and High Protein (Above 25g).
Application Segment Analysis
Based on application, this market is divided into Supermarkets and Hypermarkets, Convenience Stores, Specialist Retailers, Online Stores, and Other.
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Target Audience:
• Protein Bar manufacturers
• Raw material suppliers of Protein Bar
• Distributors and resellers of Protein Bar
• Protein Bar industry associations
• Product managers, Protein Bar industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
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