U.S. Nuts and Snacks Bar Market, By Product Type (Energy Bars, Protein Bars, Cereal Bars, Nuts Bars), Calorie Content (Regular, Low Calorie, Sugar Free), Flavor (Regular, Flavor), Nature (Organic, Conventional), Size (1.5 to 2.5 Oz, 2.6 to 3.5 Oz, 3.6 to 5.5 Oz, 5.5 Oz and Above), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Others) – Industry Trends and Forecast to 2030.
U.S. Nuts and Snacks Bar Market Analysis and Size
The nuts and snacks bar market is anticipated to witness significant growth during this region's forecast period due to the high nutrition value of these products. Moreover, growing awareness regarding fitness and health and the resultant preference for healthy snack products will likely enhance the market's growth. Increase in product popularity of go-to snacks such as nuts and snacks bar, replace high calorie content products such as cakes, chocolates, and cookies which will further projected to increase the market growth.
Data Bridge Market Research analyses that the nuts and snacks bar market is expected to reach USD 16204.18 million by 2030, which is USD 7670.23 million in 2022, registering a CAGR of 9.80% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
U.S. Nuts and Snacks Bar Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Energy Bars, Protein Bars, Cereal Bars, Nuts Bars), Calorie Content (Regular, Low Calorie, Sugar Free), Flavor (Regular, Flavor), Nature (Organic, Conventional), Size (1.5 to 2.5 Oz, 2.6 to 3.5 Oz, 3.6 to 5.5 Oz, 5.5 Oz and Above), Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Others)
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Market Players Covered
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Kellogg Co. (U.S.), General Mills Inc. (U.S.), KIND (U.S.), Clif Bar & Company (U.S.), Hormel Foods (U.S.), THE HERSHEY COMPANY (U.S.), The Simply Good Foods Company (U.S.), Mars, Incorporated (U.S.), Premier Nutrition Company, LLC (U.S.), Abbott (U.S.)
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Market Opportunities
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Market Definition
Nuts and snacks bar are the type of snack which are obtained from combination of two or more food products mainly dry fruits with the specific nutritional and flavor. They are prepared by numerous methods such as mixing, forming and baking. Many ingredients are used to prepare nuts and snacks bar which mainly consist base ingredients such as rice, oats, wheat, corn, granola, hazelnut, cashew, almonds and walnuts along with the minerals, milk, vitamins, and sweeteners.
U.S. Nuts and Snacks Bar Market Dynamics
Drivers
- Increasing newer flavors and ingredients
Rising popularity of athletic and sports activities along with busy lifestyle, growing health consciousness among consumers, and changing food preferenceare forcing major market players to introduce food products with newer ingredients and flavors. For instance KIND bars have a extensive range of products starting from strawberry pressed bars, strawberry fruit bites, sweet & spicy bars, two-in-one flavors-chocolate and others.
- Rising demand of organic bars
Organic bars that comprise nuts, oats and other natural ingredients are among the prominent category with organic claims in the U.S. Nuts and snacks bars are also the part of organic bars. Due to their effective distribution strategies and vast portfolios, Nature Valley and KIND brands are the leading brands in the nuts and snacks bar marketplace. The organic bars belong to the breakfast food and are often eaten as a quick and convenient breakfast. As a result of health benefits of nuts and snacks bar, consumers are consuming these products more.
Opportunities
- Growing demand for nuts and snacks bar due to multiple advantages
The nuts and snacks bar in high demand and it is progressively increasing owing to the linked convenience of consumption, helped by disposable packaging that protects and prevents the nuts and snacks bar from coming in contact with hands and keeping them clean to work instantaneouslyAccording to the US Department of Agriculture (USDA), consumers expend more than half of their food budget on convenient foods in the United States such as nuts and snacks bar. In the U.S, the large number of consumers prefer nut and snacks bar over regular meals to fulfill their hunger. Consumption of nut and snacks bar is advantageous for health because they give energy and a high amount of nutrients. Thus, the rising demand for nuts and snacks bar due to multiple advantages will create lucrative opportunities for market growth.
Restraints/ Challenges
- Side effect associated with nuts and snacks bar
The increase in the number of food allergies owing to specific food products is one of the major factor which may be hamper the growth of the market during the forecast period 2023 to 2030. Also, numerous regulations regarding particular ingredients is also projected to act as a restraint for the growth of U.S. nuts and snacks bar market.
This nuts and snacks bar market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, 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 nuts and snacks bar market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Covid-19 Impact on U.S. Nuts and Snacks Bar Market
The outbreak of COVID-19 pandemic has created numerous opportunities for several private market players to emerge in the snack products, which benefited the manufacturers of nuts and snacks bar. The need for innovative snacks is high in this region owing to the convenience of quick usage, storing and easy provision for energy and nutrition requirements. On the other hand, the nuts and snacks bar products saw reduced consumption due to disruption in supply in chains during the pandemic. For instance, General Mills Inc. has estimated that the sales growth of organic products were 2% because of consumers’ increased preference for wellness and health related products.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
U.S. Nuts and Snacks Bar Market Scope
The nuts and snacks bar market is segmented on the basis of product type, calorie content, flavor, nature, size and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Energy Bars
- Protein Bars
- Cereal Bars
- Nuts Bars
Calorie Content
- Regular
- Low Calorie
- Sugar Free
Flavor
- Regular
- Flavor
Nature
- Organic
- Conventional
Size
- 1.5 to 2.5 Oz
- 2.6 to 3.5 Oz
- 3.6 to 5.5 Oz
- 5.5 Oz
- Above
Distribution Channel
- Supermarkets/Hypermarkets
- Convenience Stores
- Specialty Stores
- Online Stores
- Others
Competitive Landscape and Nuts and Snacks Bar Market Share Analysis
The nuts and snacks bar 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nuts and snacks bar market.
Some of the major players operating in the nuts and snacks bar market are:
- Kellogg Co. (U.S.)
- General Mills Inc. (U.S.)
- KIND (U.S.)
- Clif Bar & Company (U.S.)
- Hormel Foods (U.S.)
- THE HERSHEY COMPANY (U.S.)
- The Simply Good Foods Company (U.S.)
- Mars, Incorporated (U.S.)
- Premier Nutrition Company, LLC (U.S.)
- Abbott (U.S.)
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