Europe Nuts & Snacks Bars Market, By Bar Type (Energy Bars, Protein Bars, Cereal Bars and Nuts Bars), Calorie Content (Regular, Low Calorie and Sugar Free), Flavour (Regular and Flavour), Product Type (Organic and Conventional), Size (1.5 To 2.5 Oz, 2.6 To 3.5 Oz, 3.6 To 5.5 Oz and 5.5 Oz & Above), Manufacturing Process (Extrusion, Co Extrusion and Others), Distribution Channel (Store-Based Retailing and Non-Store Retailing), Country (Germany, U.K., Italy, France, Spain, Switzerland, Netherlands, Belgium, Russia, Denmark, Sweden, Poland, Turkey and Rest of Europe) Industry Trends and Forecast to 2025
Market Analysis and Insights: Europe Nuts and Snacks Bars Market
Nuts & snacks bars market is expected to gain market growth in the forecast period of 2021 to 2025. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.1% in the forecast period of 2021 to 2025 and is expected to reach USD 2,227.04 thousand by 2025.
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, growing popularity of sports and athletic activities along with busy lifestyle which drives the market. Presence of allergens in the snack bar and fluctuating prices of raw materials are acting as a restrain for the market. High demand for sugar free snack bars, increasing demand for organic products from consumers and high demand for fortified snack bars is creating an opportunity for the market. Stringent Government Regulations is acting as a challenge for the Europe nuts & snacks bars market.
This nuts & snacks bars market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised 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 nuts & snacks bars market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Europe Nuts & Snacks Bars Market Scope and Market Size
Nuts & snacks bars market is segmented into four notable segments which are based on bar type, calorie content, flavor, product type, size, manufacturing process and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of bar type, the nuts & snacks bars market is segmented into energy bars, protein bars, cereal bars and nuts bars. In 2021, cereal bar has the largest market share owing to the factors such as the most of the people prefer the granola bar over other bars due to high nutrition content.
- On the basis of calorie content, the nuts & snacks bars market is segmented into regular, low calorie and sugar free. In 2021, regular calorie segment is dominated the market owing to factors as many people are becoming aware of the low calorie content and thus preferring regular calorie products.
- On the basis of flavor, the nuts & snacks bars market is segmented into regular and flavor. In 2020, flavor segment is dominated the market owing to factors as high demand for chocolate products due to the delight associated with the chocolate consumption.
- On the basis of product type, the nuts & snacks bars market is segmented into organic and conventional. In 2021, conventional segment is dominated the market owing to factors as less availability of organic land in the world along with the costly farming practices.
- On the basis of size, the nuts & snacks bars 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. In 2021, 3.6 to 5.5 oz segment is dominated the market owing to factors as high demand for products in the high quantity or bulk quantity.
- On the basis of manufacturing process, the nuts & snacks bars market is segmented into extrusion, co extrusion and others. In 2021, extrusion is dominating as it is a process used to create objects of a fixed cross-sectional profile.
- On the basis of distribution channel, the nuts & snacks bars market is segmented into store-based retailing and non-store retailing. In 2021, store-based retailing segment is dominated the market owing to factors as people prefer going to the shop and look for the variety of bars and their price comparison.
Nuts & Snacks Bars Market Country Level Analysis
Nuts & snacks bars market is analysed and market size information is provided by bar type, calorie content, flavour, product type, size, manufacturing process and distribution channel.
The U.K is dominating in Europe and is expected to grow with the most promising growth rate in the forecast period of 2021 to 2025 as the major industrialist focusing to develop food and beverages products consisting nuts & snacks bars consumes wide range of kernels and processed form of nuts & snacks bars for confectioneries, bakery, and flavoured drinks and in food service sector. France is dominating due to high demand for snack food due to changing lifestyle of people, high nutrient content of snack bars, abundant sources of raw material and Germany is growing due to 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
The country section of the nuts & snacks bars market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, presence and availability of Europe brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rising Demand of Nuts & Snacks Bars
Nuts & snacks bars market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in nuts & snacks bars and changes in regulatory scenarios with their support for the nuts & snacks bars market. The data is available for historic period 2021 to 2025.
Competitive Landscape and Nuts & Snacks Bars Market Share Analysis
Nuts & snacks bars market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Europe presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Europe nuts & snacks bars market.
The major players covered in the nuts & snacks bars market report are General Mills Inc., Kellogg Co, THE HERSHEY COMPANY, The Simply Good Foods Company, Clif Bar & Company, Hormel Foods Corporation, Mars Incorporated, Quaker Oats Company, Premier Nutrition Company, LLC, Nestle, Mondelez International, THE GRIFFIN'S FOOD COMPANY, The Nature’s Bounty Co., HERO GROUP, Associated British Foods plc, Healthy Bars, Natural Balance Foods, Fruit Bowl, Eat Natural, SMART ORGANIC among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product developments are also initiated by the companies worldwide which are also accelerating the growth of nuts & snacks bars market.
For instance,
- In March 2019, Cereal bar brand Trek has launched a Protein Nut Bar range due increasing number of shoppers seeking out tasty, convenient and nutritious snack to have. They have launched various flavours such as Blueberry and Pumpkin Seed, Dark Chocolate and Sea Salt, Dark Chocolate and Orange and Coconut and Raspberry flavours.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for nuts & snacks bars through expanded range of size.
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