Protein Bar Market Overview
Protein bars are practical on-the-go snacks with a high protein-to-carbohydrate-to-fat ratio. It is a significant source of protein and other nutrients. Protein bars provide amino acids that aid in protein synthesis, the muscular mass, and fat loss. Proteins play a variety of roles in the human body, including cell and tissue repair, hormone and enzyme production, fluid balance, and energy provision. Isolated proteins in protein bars come from a variety of sources, including soy, oats, beef, and nuts.
Consumers nowadays prefer foods that are both healthy and convenient to consume, store, and handle. In this regard, convenient ready-to-eat nutritional items, such as protein bars, are widely valued. Because of rising health awareness, changing socioeconomic needs, and a lack of time to prepare food with the proper/balanced amount of nutrition, the demand for processed and convenience foods is fast expanding. As a result, the global market for protein bars grows.
To stay fit and healthy in their daily lives, customers are turning to weight control and energy products like protein bars. The global protein bar market is being driven by a shift in lifestyle habits. On the other hand, recalling protein bar goods due to various allergies caused by different ingredients included in their composition may impede the global market for protein bars.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Product, End-User, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Think!, Abbott Nutrition Manufacturing Inc., Atkins Nutritionals Inc., Mars Inc., Caveman Foods LLC, General Mills Inc., Clif Bar & Company. |
Covid-19 Impact on Protein Bar Market
A pandemic such as COVID-19 has not only affected the smooth operations of food supply chains but also resulted in food insecurity conditions in several nations. Manufacturers working in the sector are facing challenges in regards to operations, supply chain, training, safety, emergency responses, awareness, incident management, recreating business models, digitalization, and other unanticipated impacts. Alcohol, a major component in the beverage industry is facing a devastating effect of a pandemic. Around 13% to 15% of the craft beer sector in the world is in the process of shutting up shop, and the wine industry is in severe distress. Besides, shortage of raw materials caused to shut down of many small to medium food processing companies around the world.
Protein Bar Market Segment Overview
According to Product, Sports Nutrition Bars is of the largest segment in the global Protein Bar Market. This segment shows remarkable growth in the forecasted period. Athletes are always in need of extra energy and muscles to perform at their best on the field. Sports nutrition bars are designed specifically for athletes. These bars are portable and ready-to-eat, allowing them to consume them while on the field. These protein bars are low in carbohydrates and high in protein. As a result, the increased demand for protein bars among athletes is projected to drive the market forward.
Protein Bar Market, By Product
· Gluten-Free Protein Bars
· Vegetarian Protein Bars
· Sports Nutrition Bars
· Others
Protein Bar Market, By End-User
· Adult Male
· Adult Female
· Others
Protein Bar Market Regional Overview
Based on the region, North America accounted for the maximum share in the Protein Bar Market. Moreover, Europe is another major region in the global market. On the other side, Asia-Pacific is expected to grow at the highest CAGR over the prediction period. This is due to the growing number of health clubs and increasing awareness about protein bars.
Protein Bar Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Protein Bar Market, Key Players
· Think!
· Abbott Nutrition Manufacturing Inc.
· Atkins Nutritionals Inc.
· Mars Inc.
· Caveman Foods LLC
· General Mills Inc.
· Clif Bar & Company
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Protein Bar market?
With the rising health awareness, changing socioeconomic needs, and a lack of time to prepare food with the proper/balanced amount of nutrition, the demand for processed and convenience foods is fast expanding. As a result, the global market for protein bars grows.
Q2. What are the restraining factors for the global Protein Bar market?
Recalling protein bar goods due to various allergies caused by different ingredients included in their composition may impede the global market for protein bars
Q3. Which segment is projected to hold the largest share in the global Protein Bar market?
Sports Nutrition Bars segment is projected to hold the largest share in the global Protein Bar market.
Q4. Which region holds the largest share in the global Protein Bar market?
North America held the largest share in the global Protein Bar market.
Q5. Which are the prominent players in the global Protein Bar market?
Think!, Abbott Nutrition Manufacturing Inc., Atkins Nutritionals Inc., Mars Inc., Caveman Foods LLC, General Mills Inc., Clif Bar & Company. are some key players in the global Protein Bar market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Protein Bar Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Product
- 5.2.1. Gluten-Free Protein Bars
- 5.2.2. Vegetarian Protein Bars
- 5.2.3. Sports Nutrition Bars
- 5.2.4. Others
- 5.3. Market Analysis, Insights and Forecast – By End-User
- 5.3.1. Adult Male
- 5.3.2. Adult Female
- 5.3.3. Others
- 5.4. Market Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America, Middle East and Africa
6. North America Protein Bar Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Product
- 6.2.1. Gluten-Free Protein Bars
- 6.2.2. Vegetarian Protein Bars
- 6.2.3. Sports Nutrition Bars
- 6.2.4. Others
- 6.3. Market Analysis, Insights and Forecast – By End-User
- 6.3.1. Adult Male
- 6.3.2. Adult Female
- 6.3.3. Others
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
7. Europe Protein Bar Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Product
- 7.2.1. Gluten-Free Protein Bars
- 7.2.2. Vegetarian Protein Bars
- 7.2.3. Sports Nutrition Bars
- 7.2.4. Others
- 7.3. Market Analysis, Insights and Forecast – By End-User
- 7.3.1. Adult Male
- 7.3.2. Adult Female
- 7.3.3. Others
- 7.4. Market Analysis, Insights and Forecast – By Country
- 7.4.1. UK
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Italy
- 7.4.5. Spain
- 7.4.6. Russia
- 7.4.7. Rest of Europe
8. Asia Pacific Protein Bar Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Product
- 8.2.1. Gluten-Free Protein Bars
- 8.2.2. Vegetarian Protein Bars
- 8.2.3. Sports Nutrition Bars
- 8.2.4. Others
- 8.3. Market Analysis, Insights and Forecast – By End-User
- 8.3.1. Adult Male
- 8.3.2. Adult Female
- 8.3.3. Others
- 8.4. Market Analysis, Insights and Forecast – By Country
- 8.4.1. China
- 8.4.2. India
- 8.4.3. Japan
- 8.4.4. Australia
- 8.4.5. South East Asia
- 8.4.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Protein Bar Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Product
- 9.2.1. Gluten-Free Protein Bars
- 9.2.2. Vegetarian Protein Bars
- 9.2.3. Sports Nutrition Bars
- 9.2.4. Others
- 9.3. Market Analysis, Insights and Forecast – By End-User
- 9.3.1. Adult Male
- 9.3.2. Adult Female
- 9.3.3. Others
- 9.4. Market Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Saudi Arabia
- 9.4.3. UAE
- 9.4.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Think!
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Abbott Nutrition Manufacturing Inc.
- 10.6. Atkins Nutritionals Inc.
- 10.7. Mars Inc.
- 10.8. Caveman Foods LLC
- 10.9. General Mills Inc.
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
