Europe Nuts and Cereal Snacks Bar Market, By Product Type (Cereal Bars and Nut Bars), Claim (Regular, Gluten Free, Vegan, Lactose Free, Artificial Color and Preservative Free, and Others), Category (Regular, Meal Replacement Bar, Pre Work Out Bars, Post Work Out Bars, Yoga Bars, and Others), Nature (Conventional and Organic), Flavor (Regular and Flavor), Pack Type (Single Pack, Family Pack/Multipack, and Others), Packaging (Wrap In, Pouches, Card box, and Others), Brand (Branded and Private Label), Distribution Channel (Store-Based Retailers and Non-Store Retailers) - Industry Trends and Forecast to 2029.
Nowadays, various nuts and cereal snack bars are available in the market in many flavors such as chocolate, caramel, strawberry, blueberry, and others. The increasing demand for meal replacement snacks and surge in demand for on-the-go and small-portion snacking among consumers in Europe is anticipated to propel the demand for the Europe nuts and cereal snacks bar market. However, an increase in the prevalence of nut allergies and the presence of herbicides in granola-based products may hamper the growth of the market.
Various companies are making strategic decisions, such as launching innovative nuts and cereal snack bars and acquiring other companies to improve their market share. As a result, the Europe nuts and cereal snacks bar market may grow at a rapid rate.
Europe nuts and cereal snacks bar market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief; our team will help you create a revenue impact solution to achieve your desired goal. Growing demand for sugar-free snack bars among consumers is expected to drive market growth in the forecast period.
Europe nuts and cereal snacks bar market is supportive and aims to reduce the progression of the disease. Data Bridge Market Research analyses that the Europe nuts and cereal snacks bar market are expected to grow at a CAGR of 5.2% during the forecast period of 2022 to 2029.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Million, Pricing in USD
|
|
Segments Covered
|
Product Type (Cereal Bars and Nut Bars), Claim (Regular, Gluten Free, Vegan, Lactose Free, Artificial Color and Preservative Free, and Others), Category (Regular, Meal Replacement Bar, Pre Work Out Bars, Post Work Out Bars, Yoga Bars, and Others), Nature (Conventional and Organic), Flavor (Regular and Flavor), Pack Type (Single Pack Family Pack/Multipack, and Others), Packaging (Wrap In, Pouches, Cardbox, and Others), Brand (Branded and Private Label), Distribution Channel (Store-Based Retailers and Non-Store Retailers), Country (U.K., Germany, France, Belgium, Netherlands, Italy, Denmark, Sweden, Russia, Spain, Switzerland, Poland, Turkey and Rest of Europe)
|
|
Countries Covered
|
U.K., Germany, France, Belgium, Netherlands, Italy, Denmark, Sweden, Russia, Spain, Switzerland, Poland, Turkey and the Rest of Europe
|
|
Market Players Covered
|
Mondelez International, General Mills Inc., Kellogg's Company, The Simply Good Foods Company, Associated British Foods plc, Nestlé, The Quaker Oats Company, Clif Bar and Company., Cerealto Siro Foods, Danone, Bühler, Mars, Incorporated and its Affiliates, Eat Naturals, Healthy Bars, Hero Group, among others
|
Market Definition:
Snack bars are versatile products often made with nuts, cereals, and other ingredients, to deliver healthy nutrients and dietary fiber to the consumers. Cereal or nuts snack bars can be consumed as a part of a meal (as part of lunch, breakfast, or dinner), as dessert, and as a meal replacement. Snack bars are designed as nutritional bars to offer nutrition to consumers. It's a healthy alternative to conventional snacks as it is rich in fiber, protein, and other nutritional ingredients. Moreover, manufacturers are offering low-calorie or sugar snack bars, vegan bars, lactose or gluten-free bar free from artificial preservatives or color to attract consumers.
Europe Nuts and Cereal Snacks Bar Market Dynamics
Drivers
- Growing launches of a variety of nuts and snacks bar with diverse composition
The increasing fast and busy lifestyle has led to many health issues among consumers in the past years. Thus, people opt for a healthier lifestyle and maintain their control of nutrient intakes such as sugar, carbohydrates, and others.
The nut and snack manufacturers have come up with new sugar-free products, which decrease the sugar uptake from the body. Many companies are coming up with new launches of nut and snack bars with many diverse compositions.
- High demand for snack food and snack bars
The increasing health awareness and changing lifestyle among European consumers are the leading factors driving the market's growth.
Various countries across Europe are opting for healthy food and snacking trends. Consumers in the U.K. are more focused on convenience snack bars that offer several health benefits, while Germany is the vast market for organic snacks. In Germany, the food culture is turning more vegan. As consumers' awareness of nutrition increases, the food industries adapt to produce healthy snacks.
The people's lifestyle in most European countries has become very hectic. In countries such as the United Kingdom, Germany and the Netherland, people opt for measles which takes less time and offers various nutritional health benefits. Around a quarter of the consumers take their breakfast in less than five minutes during the working days. This increases the demand for convenience food and drives the sales of snacks bar across Europe.
Opportunity
- High demand for sugar-free and low sugar snack bars
Consumption of sugar at an excess level leads to diabetes and obesity. Europe already has a decent consumer base of people with diabetes who prefer sugar-free products. According to The British Diabetic Association, diabetes diagnosed population in the U.K. increased from 3 million people in 2012 to 3.9 million people in 2019.
This factor is helping sugar-free nut bar manufacturers penetrate more in the market. They are positioning and branding their product as sugar-free to attract diabetic patients. They also focus on increasing the product offerings, so that diabetic consumers don't have limited product varieties.
Nowadays, consumers are becoming extremely health cautious, especially youngsters. They are fully aware of the ill effects of being obese. Thus, they avoid sugar-based food products as a safety measure and precaution. This factor has also increased the wide opportunity for nuts and snack bar manufacturers to cater not only to diabetic consumers but also to non-diabetic consumers. Government initiatives are also witnessed to reduce sugar consumption in Europe.
Restraints/Challenges
Peanut and tree nuts are allergic in nature to many European consumers. Symptoms include running nose, itchy skin, rashes, digestive problems such as stomach pain, cramps, nausea or vomiting, tingling of the throat and mouth, and many more. This factor may hamper the market growth as consumers are skeptical before buying the products.
Europe also witnesses a high number of celiac disease cases. In 2014, extensive research which was based on serological screening confirmed that 0.5-1% of the European Union population suffers from undiagnosed Celiac Disease. However, the highest estimation reported in population-based studies related to celiac disease is approximately 1%. Moreover, by considering data from various periods, celiac disease incidences seem to range from 0.1 to 3.7/1000 live births in the child population, whereas in the adult population, it is from 1.3 to 39/100,000/year.
According to Pharmaceutical Services Negotiating Committee in 2015, "Around 1% of the U.K. population has coeliac disease, but only 24% of those are diagnosed. This means that approximately 500,000 people in the U.K. remain undiagnosed". This factor also affects the sales of the cereal bar segment and is restraining the market growth.
Furthermore, this market is a fast-growing market. With the increase in the demand for nut and snack bars, many new manufacturers have emerged in the European market. The manufacturers are developing many new products to keep up with the increasing demand for the bars.
These international nuts and snack bar manufacturers have their global popularity of products, which put a toll on the local nuts and snack bar manufacturers.
Due to the high demand for snack bars, many local players have been introduced into the market. Also, these local manufacturers offer snack and nut bars at a low cost compared to the other big players. These local manufacturers can create a high competition for the big manufacturers of snacks and nuts bars as the companies are getting the same products from the local manufacturers at very low prices.
The local snack bar player include Gutschermühle Traismauer Gmbh, Pataza Pty Ltd, Skinni Snax, Levom Grup Gida Ürünler and many more. But due to the increase in the cost of the nut and snack bar of international companies, the local player has relatively reduced their products to gain a competitive advantage in the market, which acts as a challenge for global players.
COVID-19 had a Major Impact on Europe Nuts And Cereal Snacks Bar Market
During the pandemic, the volatile market demand for nut-based end products belonging to categories such as snacks, dairy, bakery, and confectionery has negatively affected the nut products supply chain. A decent growth projection is expected in the consumption dynamics of nuts products as a major ingredient. Supply chain actors in the nut products market are gearing up to cater to unexpected spikes after lukewarm demand for nuts and their value-added products. During the COVID-19 lockdown across countries, disruptions in the supply chain were challenging for the market. COVID-19 impacted various manufacturing and service-providing industries in the year 2020-2021 as it led to the closure of workplaces, disruption of supply chains, and restrictions on transportation. The imbalance between demand and supply and its impact on pricing is considered short-term and is expected to recover as this pandemic comes to an end. Due to the outbreak of COVID-19 throughout the globe, the demand for healthy breakfast products like cereal snack bars has increased tremendously. Also, the infected people needed a natural healthy protein diet which helped the Europe nuts and cereal snacks bar market grow during the pandemic.
Europe nuts and cereal snacks bar market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Europe nuts and cereal snacks bar market, contact Data Bridge Market Research for an Analyst Brief; our team will help you make an informed market decision to achieve market growth.
Recent Development
- In December 2020, the Ferrero Group acquired Eat Natural to enhance its global snacking portfolio with 'Eat Natural.' It plans to retain the management and existing employees of the company. It was keeping financial terms confidential. It's a strategic fit for the business as it will expand its overall footprint into a healthy snacking market. It will enhance the distribution and will expand into new markets across its product series
Europe Nuts and Cereal Snacks Bar Market
Europe nuts and cereal snacks bar market is segmented into nine notable segments based on product type, claim, category, nature, flavor, pack type, packaging, brand and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Product Type
- Cereal Bars
- Nut Bars
On the basis of product type, the Europe nuts and cereal snacks bar market is segmented into cereal bars and nut bars.
Claim
- Regular
- Gluten Free
- Vegan
- Lactose Free
- Artificial Color and Preservative Free
- Others
On the basis of a claim, the Europe nuts and cereal snacks bar market is segmented into regular, gluten free, vegan, lactose free, artificial color and preservative free, and others.
- Catagory
- Regular
- Meal Replacement Bar
- Pre Work Out Bars
- Post Work Out Bars
- Yoga Bars
- Others
On the basis of category, the Europe nuts and cereal snacks bar market is segmented into regular, meal replacement bars, pre work out bars, post work out bars, yoga bars, and others.
- Nature
- Conventional
- Organic
On the basis of nature, the Europe nuts and cereal snacks bar market is segmented into conventional and organic.
- Flavor
- Regular
- Flavor
On the basis of flavor, the Europe nuts and cereal snacks bar market is segmented into regular and flavor.
- Pack Type
- Single Pack
- Family Pack/Multipack
- Others
On the basis of pack type, the Europe nuts and cereal snacks bar market is segmented into a single pack, family pack/multipack, and others.
- Packaging
- Wrap In
- Card Box
- Pouches
- Others
On the basis of packaging, the Europe nuts and cereal snacks bar market is segmented into wrap in, card box, pouches, and others.
- Brand
- Branded
- Private Label
On the basis of brand, the Europe nuts and cereal snacks bar market is segmented into branded and private label.
- Distribution Channel
- Store-Based Retailing
- Non-Store Retailing
On the basis of distribution channel, the Europe nuts and cereal snacks bar market is segmented into store-based retailers and non-store retailers.
Europe Nuts and Cereal Snacks Bar Market Country Analysis/Insights
Europe nuts and cereal snacks bar market is analyzed, and market size insights and trends are provided by country, product type, claim, category, nature, flavor, pack type, packaging, brand and distribution channel, as referenced above.
Some of the countries covered in the Europe nuts and cereal snacks bar market report are the U.K., Germany, France, Belgium, Netherlands, Italy, Denmark, Sweden, Russia, Spain, Switzerland, Poland, Turkey and the Rest of Europe.
The U.K. in the Europe nuts and cereal snacks bar market is expected to grow with the most promising growth rate in the forecast period due to increasing demand for organic products among consumers. Germany stands in the second position because of various product launches by manufacturers in the country, and France is the third-highest growing country in the Europe nuts and cereal snacks bar market as there is high demand for fortified nuts and cereal bars.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of European brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Nuts And Cereal Snacks Bar Market Share Analysis
Europe nuts and cereal snacks bar market competitive landscape provides details by the competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus on the Europe nuts and cereal snacks bar market.
Some of the key market players for the Europe nuts and cereal snacks bar market are Mondelez International, General Mills Inc., Kellogg's Company, The Simply Good Foods Company, Associated British Foods plc, Nestlé, The Quaker Oats Company, Clif Bar and Company., Cerealto Siro Foods, Danone, Bühler, Mars, Incorporated and its Affiliates, Eat Naturals, Healthy Bars, Hero Group, among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the 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, Global Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
SKU-