Protein Bars Market will register a 6.3% CAGR during 2019-2024

18
Protein Bars Market

Protein bars are targeted to people who primarily want a convenient source of protein that doesn’t require preparation (unless homemade). There are different kinds of food bars to fill different purposes. Energy bars provide the majority of their food energy (calories) in carbohydrate form. Meal replacement bars are intended to replace the variety of nutrients in a meal.

In 2017, the global Protein Bar consumption market is led by USA and USA is the largest region consumption market, accounting for about 60.14% of global consumption of Protein Bar.

Protein Bar downstream is wide and recently Protein Bar has acquired increasing significance in various fields of Bodybuilders, Pro/Amateur Athletes and others. Globally, the Protein Bar market is mainly driven by growing demand for Bodybuilders and Pro/Amateur Athletes. Bodybuilders and Pro/Amateur Athletes accounts for nearly 87.22% of total downstream consumption of Protein Bar in global.

Protein Bar can be mainly divided into Low Protein, Medium Protein and High Protein which Medium Protein captures about 49.03% of Protein Bar market in 2017. According to our research and analysis, manufacturers from USA are the major leaders in the international market of Protein Bar.

Global market is expected to witness significant growth on account of rising applications, so in the next few years, Protein Bar consumption will show a trend of steady growth. In 2024 the consumption value of Protein Bar is estimated to be 1966.21 million USD. On product prices, the slow downward trend in recent years will maintain in the future.

Protein Bar is still in its early development stage, there is huge development space and market to explore. Investing in this industry is feasible and wise choice.

According to this study, over the next five years the Protein Bars market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 1760 million by 2024, from US$ 1220 million in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Protein Bars market by product type, application, key manufacturers and key regions and countries.

This study considers the Protein Bars value and volume generated from the sales of the following segments:

Segmentation by product type:

  • Low Protein
  • Medium Protein
  • High Protein
Report Sample includes:
– Table of Contents
– List of Tables & Figures
– Charts
– Research Methodology

Get FREE Sample of Protein Bars Market Report

Segmentation by application:

  • Bodybuilders
  • Pro/Amateur Athletes
  • Others

This report also splits the market by region:

  • Americas
  • United States
  • Canada
  • Mexico
  • Brazil
  • APAC
  • China
  • Japan
  • Korea
  • Southeast Asia
  • India
  • Australia
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Russia
  • Spain
  • Middle East & Africa
  • Egypt
  • South Africa
  • Israel
  • Turkey
  • GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market.

The key manufacturers covered in this report:

  • Clif Bar & Company
  • Eastman
  • General Mills
  • The Balance Bar
  • Chicago Bar Company
  • Abbott Nutrition
  • The Kellogg Company
  • MARS
  • Hormel Foods
  • Atkins Nutritionals
  • NuGo Nutrition
  • Prinsen Berning
  • VSI
  • Atlantic Gruppa

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

  • To study and analyze the global Protein Bars consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
  • To understand the structure of Protein Bars market by identifying its various subsegments.
  • Focuses on the key global Protein Bars manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

CONTACT US:
276 5th Avenue, New York , NY 10001,United States
International: (+1) 646 781 7170
Email: help@24marketreports.com

Follow Us On linkedin :- https://www.linkedin.com/company/24-market-reports