High demand for snack food due to changing lifestyle of people, high nutrient content of snack bars, abundant sources of raw material, growing launches of variety of nuts and snacks bars with diverse compositions and growing popularity of sports and athletic activities along with busy lifestyle are boosting the market growth.
Presence of allergens in the snack bar and fluctuating prices of raw materials is restricting the market growth. High demand for sugar free snack bars, increasing demand for organic products from consumers, high demand for fortified snack bars can be the best opportunity for nuts & snacks bar market. Stringent government regulations can be the threat for the market.
Nuts & Snacks Bar Market Scenario
According to Data Bridge Market Research, the market for nuts & snacks bar market in China has the highest market share, followed by India and Japan. Kellogg's Co. has the largest market share of approximately 32.00% to 34.00%. In recent time, General Mills Inc. is playing major role by providing nuts & snacks bars in market and helping various food, and others manufacturers to fulfil consumer need in food sector.
The company operates in different product categories and they are snack, cereals, frozen out of which snacks is market focused product category. The company has strong presence around the world. The company provides its nuts & snacks bars in market which can be utilized by different sectors such as food & beverages industry.
For instance,
- In October 2019, Kellogg's Co. launched TIG which is a new brand for savory snack bars that come in different bold flavours such as BBQ, Buffalo, Pizza and Chili Lime. The snack bars are made with premium plant-based core ingredients including puffed chickpeas, roasted green lentils and crispy wild and brown rice. This helped company to broaden its brand portfolio and to build its brand image in the market.
Trends impacting the market
Now the question is which other regions Kellogg's Co., Nestlé, and General Mills Inc. are targeting? Data Bridge Market Research has estimated a large growth in China nuts & snacks bar market and the market leaders targeting India and Japan to be their next revenue pockets for 2021.
The nuts & snacks bar market is becoming more competitive every year with companies such as Kellogg's Co., Nestlé, and General Mills Inc. for nuts & snacks bars. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the nuts & snacks bar market.
For more analysis on the nuts & snacks bar market request for a briefing with our analysts https://www.databridgemarketresearch.com/es/speak-to-analyst/?dbmr=asia-pacific-nuts-and-snacks-bar-market
Nuts & Snacks Bar Market Development
- In July 2020, General Mills Inc., launched a packed, sustainable energy bar with the creamy, crunchy and chewy texture by the brand Nature Valley. The energy bar has various ingredients like creamy nut butter, crunchy nuts and seeds such as almonds, sunflower seeds, pumpkin seeds or peanuts, and chewy cranberries or blueberries. This helped company to broaden its product portfolio and to build its brand image.
Scope of the Nuts & Snacks Bar Market
Based on countries the market is segmented into Japan, China, South Korea, India, Australia, Singapore, Thailand, Indonesia, Malaysia, Philippines, New Zealand, Vietnam and Rest of Asia-Pacific.
- All analysis of the nuts & snacks bar market is further analyzed based on maximum granularity into further segmentation. On the basis of bar type, the nuts & snacks bar market is segmented into energy bars, protein bars, cereal bars and nuts bars. On the basis of calorie content, the nuts & snacks bar market is segmented into regular, low calorie and sugar free. On the basis of flavor, the nuts & snacks bar market is segmented into regular and flavor. On the basis of product type, the nuts & snacks bar market is segmented into organic and conventional. On the basis of size, the nuts & snacks bar market is segmented into 1.5 to 2.5 oz, 2.6-3.5 oz, 3.6 to 5.5 oz, and 5.5 oz & above. On the basis of distribution channel, the nuts & snacks bar market is segmented into store-based retailing and non-store retailing.
To know more about the study https://www.databridgemarketresearch.com/es/reports/asia-pacific-nuts-and-snacks-bar-market
Key Pointers Covered in the Asia-Pacific Nuts and Snacks Bar Market Industry Trends and Forecast to 2025
- Market Size
- Nuts & Snacks Bars Regulatory Framework and Changes
- Recent Developments for Market Competitors
- Sales data for Market Competitors
- Key vendors and disruptors study
- Supply Chain Competiveness
Key Market Competitors Covered in the Report
- THE GRIFFIN'S FOOD COMPANY
- Mondelēz International
- DANONE
- Nestlé
- Naturell India Pvt. Ltd
- Otsuka Holding Co., Ltd.
- Kellogg's Co.
- General Mills Inc.
- Clif Bar & Company
- Hormel Foods Corporation
- KIND
- Premier Nutrition Company, LLC
- THE HERSHEY COMPANY
- The Simply Good Foods Company
- Mars, Incorporated
- The Quaker Oats Company (A Subsidiary of PepsiCo)
Above are the key players covered in the report to know about more and exhaustive list of nuts & snacks bar companies contact us https://www.databridgemarketresearch.com/es/toc/?dbmr=asia-pacific-nuts-and-snacks-bar-market
Research Methodology: Nuts & Snacks Bar Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Government Fleets, Personal Consumers, Researchers, Food & Feed Specialists and others.
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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