Veg Protein Bar Market is projected to reach a market value of USD 180.2 million by 2022, accelerating at a CAGR of 11.5% from 2022-2032.
Nuts and vegetables are among the many plant-based ingredients used to make vegan protein bars. These protein bars are vegan and make a terrific snack. These snacks might occasionally be used in place of meals since they are so rich in superfoods. Fibres aid in digestion and absorption and can be found in seeds, nuts, grains, legumes, and vegetables. Additionally, vegan protein bars improve motility and lessen symptoms of gas and boating. According to the report, each of these factors is anticipated to support the expansion of the market for vegan protein bars worldwide between 2020 and 2027. These protein bars are also high in healthy plant sterols and low in cholesterol and saturated fats.
A food item known as a vegan protein bar is created from plant-based foods and frequently includes some kind of protein. A type of food known as a vegan protein bar is created especially to meet the protein needs of vegans. Most health food stores carry these bars, which are frequently made with nuts, seeds, and dried fruits.
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Key Companies Insights
Major players operating in the Veg Protein Bar Market include Hammer Nutrition, PROBAR, LLC, NuGo Nutrition, Nestle S.A. In order to remain competitive in the market, market players have adopted various strategies such as mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, thereby contributing significantly to the market growth. For example, Bhu Food, a San Diego-based superfood company, launched refrigerated organic keto protein bars in October 2020. Companies in the market are engaged in various acquisition activities in an effort to gain first-mover advantage in various niche markets. For example, in March 2021, Mondelez International acquired Grenade, a UK-based performance nutrition company active in the fast-growing high-protein bar category.
Some of the key players operating in the global veg protein bar market include:
- Aloha
- BHU Foods
- Clif Bar and Company
- Garden of Life LLC
- General Mills, Inc.
- Gomacro
- Health Warrior
- Manitoba Harvest
- No Cow
- NuGo Nutrition
- Orgain
- PROBAR LLC.
- Raw Rev
- Risebar
- Simply Protein
- Others
Segments
By Source
- Organic
- Conventional
By Ingredient
- Vegetables
- Nuts
- Others
By Flavours
- Chocolate-Vanilla
- Chocolate-Caramel
- Peanut Butter
- Cherry Cashew
- Fruit & Nut
- Hazelnuts
- Others
By Product Type
- Sports Nutritional Bars
- Meal-Replacement Bars
- Others
By Distribution Channel
- Hypermarkets and Supermarkets
- Convenience Stores
- Drug Stores and Pharmacies
- Health and Wellness Stores
- Online Retails
- Others
Reasons to Purchase this Market Report:
- The competitive environment includes the proportions of important players, recent innovations, and strategy.
- Companies with extensive product offerings, pertinent financial data, recent advancements, SWOT analyses, and player tactics.
- Quantitative, qualitative, value (in USD million), and volume (in units million) data are among the segments and sub-segments.
- The research contains a wealth of data, including market dynamics and opportunities throughout the forecast period.
- Data at the regional, sub-regional, and national levels also provides information on the market’s supply and demand dynamics.
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