Protein Bars Market Analysis Research Report, Growth Trends and Competitive Analysis 2020-2027
Overview:
The Protein Bars Market is predicted to register a CAGR of 7.24% during the
2018 to 2024 forecast period. A Market Research Report predicts a US$1,820.6
million valuation of the market by 2024. The growth is anticipated to be
supported by the unorganized retail sector. Based on the report, the high cost
associated with products will drive growth in the market in the coming years
till 2024. However, the rapid change in consumer perception will negatively
affect the Protein Bars Market’s Growth. The unpredictable behavior and
changing eating habits is anticipated to be another factor which could turn out
to be a threat to companies during 2018 to 2024. The market report based on
primary and secondary data reveals that distribution channel, product type, and
category segments will witness a healthy growth till 2024. While the lack of
skilled professionals will support the market during the forecast period and
the availability of substitutes will also help the market globally, the growth
could be affected by the presence of alternatives which could hinder business
activities. The robust presence of local vendors is also expected to be
responsible for stalled market growth till 2024.
Market Segmentation:
The Protein
Bars Market analysis is categorized into smaller segments such as
Distribution Channel, Product Type, and category in order to analyze the
market. The distribution channel, product type, and category segments are then
categorized further. The distribution channel segment is categorized into
store-based and non-store-based. Analysts have studied these sub segments.
Based on product type, the global market is further segmented into energy bars,
meal replacement bars, snack bars, and others. Based on the study of these
segments, analysts have shared market forecasts. On the basis of category, the
market is segmented into smaller segments including gluten-free, multi-claim,
organic, vegan, and others.
Growing health consciousness among the expanding populace will drive growth in
the market during the forecast period 2018 to 2024. Across all the segments
including distribution channel, product type, and category, the global market
for Protein Bars will witness a healthy growth. However, factors such as the
availability of cheaper substitutes could become a threat to the market’s
growth. Economic activities surrounding the protein bars sector will also get
benefitted from the growing adoption of healthy diet. Businesses across protein
bars have been thoroughly studied and analyzed by protein bars industry’s
expert researchers. Findings have been published in the low point protein
bars market
research report with forecasts till 2024.
Regional Overview:
The Protein Bars Market, apart from the product and service-related segments is
spread across the world. The regional markets of Protein Bars covered in the
report are North America, Europe, Asia-Pacific, the Middle East and Africa as
well as the rest of the world. The growing popularity of a healthy diet is set
to be a key growth factor for businesses active in the protein bars space. The
market across North America is segmented into the United States, Mexico,
Canada, and others. Regional markets in the protein bars sector across the
European market are segmented into Germany, Italy, the United Kingdom, and
France. The market in the APAC region is segmented into India, China, Japan,
and others. Protein Bars-based businesses across the world will be supported by
the growing need to boost immunity during the forecast period 2018 to 2024.
However, the growth could be hindered by the unpredictable behavior. The market
is also segmented into the Middle East and Africa regions among others.
Access Report Details @ https://www.marketresearchfuture.com/reports/protein-bars-market-5417
Competitive Landscape:
Protein Bars-Based Companies have
been studied and profiled in the Market Research Report. The protein bars
market along with its segments and key players has been studied. Protein Bars
business analysis is done to identify competitors and their strategies. The
Global Protein Bars Market Research Report covers core values, strengths and
other key factors about protein bars related companies. competitors to help
comprehend their mission, vision, core values, niche market, strengths, and
weaknesses. The growing awareness about chemical-free healthy products is set
to help the market during the forecast period 2018 to 2024.
The market is anticipated to reach a higher
valuation of US$1,820.6 million with a CAGR of 7.24%. However, changing eating
habits of consumers will prove to be affecting the Protein Bars Market Growth.
By 2024, Europe is expected to have a market valuation of USD 539.3 million.
Because of the growing popularity of sports and fitness, the United States is
one of the most profitable markets. In 2018, the area had a share of the market
of 38.14 percent.
Industry News:
ONE Brands, a manufacturer of low-sugar, high-protein bars, is being acquired
by Hershey to boost its position in the snacks market. The $397 million
acquisition is scheduled to close in Q4 2019, subject to standard regulatory
approvals and other closing conditions. It was revealed only a week after the
U.S. chocolate giant made a minority stake in Irish protein bars firm Fulfil.
Hershey aims to leverage the recently purchased firm to include a compelling
offering of protein bar products, saying that ONE Brands would complement its
current Oatmega and Fulfil companies, which were acquired as part of the
Amplify Snack Brands merger in 2018.
NOTE: Our Team of Researchers are
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
Contact us:
Market Research Future (part of
Wantstats Research and Media Private Limited),
99
Hudson Street,5Th Floor, New York, New York 10013, United States of America
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