GITNUX MARKETDATA REPORT 2024

Snack Bar Industry Statistics

The snack bar industry is experiencing steady growth globally, driven by increasing demand for healthy and convenient on-the-go snack options.

With sources from: mordorintelligence.com, powerretail.com.au, snackandbakery.com, grandviewresearch.com and many more

Statistic 1

The global snack bars market size was valued at USD 15.2 billion in 2020.

Statistic 2

The global snack bars market is projected to grow at a CAGR of 4.45% during the forecast period (2020 - 2025).

Statistic 3

Asia-Pacific is anticipated to be the fastest-growing region in the snack bars market, with a CAGR of 6.22%.

Statistic 4

The United States holds a 40% share of the global snack bar market.

Statistic 5

Sales of snack bars in the U.S. were estimated to be around $6 billion in 2017.

Statistic 6

More than 94% of U.S adults consume a snack bar as a meal replacement.

Statistic 7

70% of American consumers prefer snack bars with limited ingredients.

Statistic 8

89% of European sales in the snack bar industry were from high-protein bars.

Statistic 9

Granola bars were the most popular snack bar product in Canada in 2018, with sales reaching $204 million.

Statistic 10

The COVID-19 pandemic increased online snack bar sales by 93%.

Statistic 11

The health-oriented snack bar segment is projected to expand at a CAGR of 4% from 2019 to 2025.

Statistic 12

U.K. consumers spent nearly 73 million British pounds on breakfast bars alone in 2020.

Statistic 13

72% of snack bar consumers in the U.S. consider low sugar as an important attribute in 2020.

Statistic 14

Sales of fruit bars in Australia grew by 3.7% between 2019 and 2020.

Statistic 15

The global energy bars market was worth over $1 billion in 2020.

Statistic 16

Convenient and on-the-go packaging is expected to drive the snack bar market growth in the next five years.

Statistic 17

Approximately 63% of millennials consume snack bars as meal replacements.

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In this post, we will explore the latest statistics and trends shaping the global snack bar industry. From the market size and growth projections to consumer preferences and regional insights, these data points provide valuable insights into the evolving landscape of snack bars worldwide. Let’s dive into the numbers that are driving the snack bar industry forward.

Statistic 1

"The global snack bars market size was valued at USD 15.2 billion in 2020."

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Statistic 2

"The global snack bars market is projected to grow at a CAGR of 4.45% during the forecast period (2020 - 2025)."

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Statistic 3

"Asia-Pacific is anticipated to be the fastest-growing region in the snack bars market, with a CAGR of 6.22%."

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Statistic 4

"The United States holds a 40% share of the global snack bar market."

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Statistic 5

"Sales of snack bars in the U.S. were estimated to be around $6 billion in 2017."

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Statistic 6

"More than 94% of U.S adults consume a snack bar as a meal replacement."

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Statistic 7

"70% of American consumers prefer snack bars with limited ingredients."

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Statistic 8

"89% of European sales in the snack bar industry were from high-protein bars."

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Statistic 9

"Granola bars were the most popular snack bar product in Canada in 2018, with sales reaching $204 million."

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Statistic 10

"The COVID-19 pandemic increased online snack bar sales by 93%."

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Statistic 11

"The health-oriented snack bar segment is projected to expand at a CAGR of 4% from 2019 to 2025."

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Statistic 12

"U.K. consumers spent nearly 73 million British pounds on breakfast bars alone in 2020."

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Statistic 13

"72% of snack bar consumers in the U.S. consider low sugar as an important attribute in 2020."

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Statistic 14

"Sales of fruit bars in Australia grew by 3.7% between 2019 and 2020."

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Statistic 15

"The global energy bars market was worth over $1 billion in 2020."

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Statistic 16

"Convenient and on-the-go packaging is expected to drive the snack bar market growth in the next five years."

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Statistic 17

"Approximately 63% of millennials consume snack bars as meal replacements."

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Interpretation

The snack bar industry is experiencing significant growth, with the global market valued at USD 15.2 billion in 2020 and projected to grow at a CAGR of 4.45% through 2025. Asia-Pacific is anticipated to be the fastest-growing region, while the United States holds a substantial market share. Consumers are increasingly favoring health-oriented and high-protein snack bars with limited ingredients, particularly amidst the COVID-19 pandemic where online sales surged. The convenience factor of on-the-go packaging and the trend of using snack bars as meal replacements further contribute to the industry's expansion. With specific regional preferences and changing consumer demands, the snack bar market is poised for continued evolution and innovation in the coming years.

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