Nutrition Bars Market Trends

  • Report ID: 6799
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Nutrition Bars Market Trends

Growth Drivers

  • Increasing demand for plant-Based and clean-label products:  consumers are increasingly seeking products with minimal processing, natural ingredients, and plant-based formulations driven by ethical and environmental concerns. According to the USDA report published in June 2020, the retail sales of organic food and beverages in India reached USD 77.0 million in the same year. This shift reflects growing awareness about sustainability, animal welfare, and the health benefits of natural diets. As a result, manufacturers are focusing on creating vegan and clean-label nutrition bars that use wholesome, non-GMO, and organic ingredients.
  • Rising Prevalence of Chronic Diseases:  The global rise in lifestyle-related diseases such as obesity, diabetes, and cardiovascular issues has significantly increased the demand for healthier snack alternatives. The World Health Organization estimates that non-communicable diseases, or NCDs, of which lifestyle illnesses are a subset, kill 41 million people a year, accounting for more than 70% of all fatalities worldwide.  Consumers are seeking options that align with their dietary needs while supporting overall well-being. Nutrition bars with low sugar, high protein, and added functional ingredients have emerged as a convenient solution to these health concerns.

Challenge

  • Increasing competition among brands: The nutrition bars market is highly saturated, with numerous global and local brands competing for consumer attention. This intense competition makes it increasingly difficult for companies to differentiate their products and establish a unique market presence. With many brands offering similar formulations, flavors, and benefits, creating a standout product requires significant investment in innovation, marketing, and branding. Additionally, maintaining customer loyalty in a nutrition bars market flooded with choices is often swayed by new trends, lower prices, or innovative offerings.                  
  • Stringent regulatory compliance: Adhering to strict food safety standards and labeling regulations across diverse regions presents significant challenges for nutrition bar manufacturers. Each country imposes unique requirements regarding ingredient sourcing, processing, and packaging, which manufacturers must navigate carefully to ensure compliance. This complexity increases operational costs and demands extensive quality control measures. Additionally, accurate and transparent labeling, such as allergen declarations and nutrition claims, requires, constant updates to meet evolving regulatory standards. Failure to comply can result in legal penalties, product recalls, and reputational damage.

Nutrition Bars Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.7%

Base Year Market Size (2024)

USD 7.6 billion

Forecast Year Market Size (2037)

USD 14.7 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Browse Key Market Insights with Data Illustration:


Author Credits:  Parul Atri


  • Report ID: 6799
  • Published Date: Dec 06, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of the nutrition bars market was over USD 7.6 billion.

The market size for the nutrition bars market is projected to reach USD 14.7 billion by the end of 2037 expanding at a CAGR of 5.7 % during the forecast period i.e., between 2025-2037.

The major players in the market are BASF SE, Ajinomoto Co. Inc., Cargill Incorporated, Mondelez International, Glanbia Plc, and others.

In terms of distribution channel segment, the specialty stores segment is anticipated to garner the largest market share by 2037 and display lucrative growth opportunities during 2025-2037.

The market in Asia Pacific is projected to hold the largest market share of 29% by the end of 2037 and provide more business opportunities in the future.
Inquiry Before Buying Request Free Sample
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample