[FURL=https://www.industryarc.com/Research/Cereal-Bar-Market-Research-508440?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Cereal Bar Market[/FURL] size is $12.3 Billion in 2019, growing at a CAGR of 8.7% during the forecast period 2020-2025. Cereals bars are made using whole grains without added sugar are proven to be healthy and nutritive containing nutritional sources like dietary protein, iron, vitamin B complex, vitamin E, carbohydrates and others. It offers numerous health benefits to doting mothers and are easy to prepare, thus, they are witnessing augmented demand from consumers worldwide. The bars are often fortified with essential vitamins and minerals such as folic acid, calcium and zinc, which can help the geriatric population. Fiber is also found in the protein energy bars, which can help avoid constipation, a common side effect of pregnancy, and helps to keep energy levels up and prevent fatigue. Ready-to-eat nutritious products, such as protein bars, energy bars are highly appreciated for their convenience. Growing consumer options for energy nutrition bars and snack bars instead of mealtime cereals, busy schedules and increasing health awareness are set to contribute significantly to market growth during the forecast period 2020-2025.Key Takeaways
Increasing influence of westernization on food habits of the middle-class population is also contributing significantly towards the demand for cereal bar in various countries, accelerating the Cereal Bar demand over the forecast years 2020-2025.
Increasing health consciousness and growing awareness about diseases caused due to protein deficiency is likely to be the major driving factor for the market’s growth.
Asia-Pacific region is projected to record the fastest growth rate during the forecast period 2020-2025.
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Cereal Bar Market Segment Analysis - Geography
In 2019, the North America region dominated Cereal Bar Market in terms of revenue with a market share of 40% owing towards rising public & private funding for R&D in this region.
Cereal Bar Market Drivers
The Growing Popularity Of On-The-Go Grab Breakfasts
The increasing adoption of cereal bar not only for breakfast, but often for lunch, and also with afternoon tea has resulted to an increase in the product demand. Several tailor-made products are sold by cereal bar-producing company, which are not only nutritious and good for health, but also appetizing, making the cereal bars a snack for eating at all times and conditions. Bar producers are adding variations to increase market share by offering nuts, dried meats, rice, and other vitamins, and protein-rich ingredients in bars.
Cereal Bar top 10 companies are Atkins Nutritional, Cliff Bar Company, General Mills, Inc., Kind LLC, Mars, Incorporated, McKee Foods, Naturell, Nestl S.A., Quaker Oats and The Kellogg Company.
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