Protein Bar Market

Premium Insights

Global Protein Bar Market is valued at USD 4.22 Billion in 2022 and is projected to reach a value of USD 6.53 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 5.60% over the forecast period.

Protein Bars are convenient on-the-go snacks with a high ratio of protein to carbohydrates and fat. In addition to other nutrients, it is an important source of proteins. The proteins in Protein Bars stimulate protein synthesis, promote muscular growth, and inhibit fat storage. Consumers today favor foods that are convenient for use, storage, and handling above those with health benefits. In this regard, the convenience of healthful ready-to-eat foods such as Protein Bars is a big selling advantage. The demand for processed and convenience foods is rapidly increasing as a result of increasing socioeconomic needs, greater health consciousness, and a lack of time to prepare nutrient-dense meals. Consequently, the demand for Protein Bars increases substantially. People choose the energy and weight-management goods like Protein Bars to stay fit and healthy in their daily lives. This change in lifestyle preferences drives the worldwide Protein Bar Market. The availability of Protein Bars worldwide and the growing Protein Bar consumer base are further factors fostering market expansion. The marketing and promotional endeavors of new entrants are predicted to have a substantial impact on the expansion of the industry. However, recalling Protein Bar products due to varying sensitivities caused by various components in their composition can affect the worldwide Protein Bar Market.

Market Segmentation

The Protein Bar Market is segmented by Sources, Types, Distribution Channels and Region. Based on the Sources, the market is segmented into Plant-Based and Animal-Based. Furthermore, based on the Types, the market is divided into Sports Nutrition Bars, Meal Replacement Bars, and Other Types. In addition, based on the Distribution Channels, the market is further bifurcated into Mass Merchandisers, Specialty Stores, Convenience Stores, and Online Channels. Likewise, based on the Region, the Global Protein Bar Market is further divided into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

‹›

Report Coverage & Deliverables

PDF report & online dashboard will help you understand:

• Real-Time Data Updates:
• Competitor Benchmarking
• Market Trends Heatmap
• Custom Research Queries
• Market Sentiment Analysis
• Demographic and Geographic Insights

Book Demo

Get Access Now

Based on Sources

The plant-based category dominated the market in 2021

The plant-based category is expected to increase at the highest rate during the forecast period, as they are made from a variety of nutritious natural ingredients, such as fruit, nut butter, and seeds, which help the body fight against a variety of diseases. The global popularity of vegetarianism contributes to the product's expanding demand as an increasing number of persons adopt a plant-based diet to live better lives. Additionally, plant-based bars contain less fat, resulting in increased demand among obese individuals.

Based on Types

The sports nutrition bars category dominated the market in 2021

Due to the high protein content, which provides essential nutrients for body repair and performance enhancement, the sports nutrition bars category is expected to develop at the fastest rate over the projected period. Sports nutrition bars contain cereals and other high-energy meals that may rapidly give energy in a short amount of time, which helps to improve the product's consumption among players of various sports, including football, basketball, cricket, and others. Additionally, the increasing popularity of long-distance endurance sports like triathlons and marathons helps the product gain traction because these sports are often designed to be accessible to the general public.

Based on Regional Analysis

Asia Pacific is projected to grow at the highest CAGR during the forecast period

Asia-Pacific is anticipated to expand at the greatest CAGR in the Protein Bar Market over the projected period, due to the region's vast population base and prevalence of overweight individuals. The use of Protein Bars complements nutritional supplements and bolsters muscle-building exercises. Large firms target the Asia-Pacific market with consistent marketing and advertising to attract customers due to the region's massive population. As protein consumption becomes more well-known in countries like China and India, the demand for Protein Bars will increase, affecting regional growth.

Competitive Landscape

The key players in the Protein Bar Market include- General Mills Inc. (U.S.) The Simply Good Foods Company (U.S.), The Kellogg Company (U.S.), Clif Bar & Company (U.S.), Glanbia PLC. (Ireland), GNC Holdings Inc. (U.S.), Mars, Incorporated (U.S.), Mondelez International (U.S.), Post Holdings INC. (U.S.) , Amway Corp. (U.S.), The Bountiful Company (U.S.) and others.

Recent Developments

· In August 2021, the keto Protein Bar lineup of “think!”, a brand of Glanbia Nutrition, has been expanded with new flavors, further increasing the demand for its products and the market share of the organization.

· In June 2021, Kellogg's spinoff called RXBAR introduced its first plant-based food. RXBAR Plant has 10 grams of protein and omits the recognizable egg white protein that the brand is known for in favor of pea and almond protein.

Segmentation of Protein Bar Market