Global Granola Bar Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global granola bar market in its upcoming report titled, “Global Granola Bar Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global granola bar market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global granola bar market report has been segmented on the basis of product type, flavor, distribution channel, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Granola bar is a type of snack made with a mixture of granola, nuts, dry fruits, and sweeteners. Consumption of granola bar boosts the individual’s calorie intake and provides energy to the body. Granola bar is commonly made with puffed rice, rolled out oats, and other types of grains. Various sweeteners are used to prepare granola bars which include sugary syrup, honey, and other sticky material, that helps to hold the bar components together.
Rising adoption of healthy snack in a regular routine among individuals is a major factor expected to boost the demand of granola bar and drives the growth of the global granola bar market. Individuals preferring gluten-free food items owing to growing awareness regarding digestive problems and celiac diseases is another factor, expected to propel the demand and growth of the global market. Increasing number of individuals with vegan diet coupled with introduction of vegan granola bars by manufacturers also fuel the growth of the target market. Growing health consciousness and increasing popularity of granola bars among individuals of all age groups due to features such as convenient and ready to eat snack, are factors expected to drive the growth of the global granola bar market in the near future.
However, the unawareness regarding the advantages of granola bars among consumers in developing countries and the presence of high sugar content in granola bar may hamper the demand of the granola bars and restrain the growth of the global granola bar market over the forecast period.
Nevertheless, the development of new flavors for granola bar with low sugar and low fat content can create higher revenue opportunities for players in the target market.
North America accounts for the largest share in terms of revenue and is expected to maintain its dominance over the forecast period. Availability of various flavors of granola bars, due to presence of key manufacturers in this region is expected to fuel the growth of the target market. Market in Asia Pacific is expected to witness a significant growth in the near future, owing to the increasing awareness regarding healthy and nutritional food items among consumers especially in emerging economies.
Global Granola Bar Market Segmentation:
By product type:
- Sugar Free
- Others (Coffee, Caramel, vanilla, etc.)
By route of distribution channel:
- Supermarkets and Hypermarkets
- Retail Stores and convenient Stores
- Grocery Stores
- Online Stores
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- General Mills, Inc.
- The Kellogg Company
- Clif Bar & Company
- Pepsico Inc.
- Hearthside Food Solutions LLC
- Sunny Crunch Foods Ltd.
- Standard Functional Foods Group, Inc.
- Noble Foods Ltd.
- Olympia Granola, Inc.
- Bakery Barn, Inc.
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