The Business Research Company’s Nutritional Bars Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Nutritional Bars Global Market Report 2023 evaluates nutritional bars market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global nutritional bars market is expected to grow from $6.34 billion in 2022 to $6.79 billion in 2023 at a compound annual growth rate (CAGR) of 7.09%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The nutritional bars market is expected to reach $8.63 billion in 2027 at a CAGR of 6.1%.
Rising demand for healthy and nutritious food products is expected to propel the growth of the nutritional bar market going forward. Healthy and nutritious food products refer to foods that provide essential nutrients, promote overall health, and support the body’s optimal functioning. Nutritional bars are often used as a healthy and nutritious food option. They are typically made with whole, natural ingredients that are good for health. It provides a good source of nutrients, has a high fiber content, and has limited added sugars. For instance, in May 2022, according to the International Probiotics Association, a US-based non-profit organization for probiotics, global probiotic consumption increased from $448 billion in 2019 to $476 billion in 2021. Therefore, the rising demand for healthy and nutritious food products is driving the growth of the nutritional bar market.
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The nutritional bars market segments in the report are:
1) By Product Type: Protein Bars, Energy Bars, Meal Replacement Bars, Snack Bars, Other Products
2) By Flavors: Chocolate, Fruits, Peanut Butter, Savory, Spices, Other Flavors
3) By Category: Conventional, Gluten-Free
4) By End-User: Adults, Children
The table of contents in TBRC’s nutritional bars market report includes:
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