GITNUX MARKETDATA REPORT 2024

Snack Bars Industry Statistics

The Snack Bars Industry is expected to experience steady growth due to increasing consumer demand for convenient and healthy snack options.

With sources from: mordorintelligence.com, expertmarketresearch.com, grandviewresearch.com, inkwoodresearch.com and many more

Statistic 1

The snack bars market is expected to reach $31.60 billion by 2025.

Statistic 2

The global snack bars market size was valued at USD 20.4 billion in 2020.

Statistic 3

North America dominated the snack bars market with a share of more than 35.0% in 2020.

Statistic 4

The fruit ingredients segment held the largest market share of more than 25% in 2020 in snack bars market.

Statistic 5

Growth in the product demand for granola/muesli bars is expected to witness the fastest growth, predicted at a CAGR of 6.8% from 2021 to 2028.

Statistic 6

Natural/Organic Snack Bars are projected to have the fastest growing market globally at a 17.9% CAGR till 2025.

Statistic 7

The breakfast bars segment accounted for a significant market share in 2020, and it will further grow by 2021-2026 at a CAGR of 4%.

Statistic 8

The snack bars market in Asia-Pacific is expected to grow at a CAGR of 7.5% during the forecast period 2021-2026.

Statistic 9

European countries are exhibiting a strong uptake for breakfast replacements and healthy snacks, with the UK and Germany being the leading consumers of snack bars.

Statistic 10

The demand of protein bars market is currently valued at 1.18 billion USD.

Statistic 11

Female consumers make up over 60% of snack bar customers.

Statistic 12

Energy and nutrition bars accounted for over 35% of the snack bars market in 2016.

Statistic 13

In the U.S., the snack bars market is expected to grow annually by 1.9% (CAGR 2021-2025).

Statistic 14

The revenue in the snack bars segment is projected to reach US$6,460m in 2021.

Statistic 15

User penetration in the snack bars segment is expected to hit 74.3% by 2025 in the United States.

Statistic 16

The average revenue per user (ARPU) in the snack bars segment is predicted to amount to US$22.37 in 2021.

Statistic 17

About 20% of Americans consume protein bars and shakes regularly.

Statistic 18

Almost 45% of millennial consumers are likely to buy snack bars for breakfast.

Statistic 19

The sales value of the snack bars in Australia in 2020 was approximately 257 million Australian dollars.

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In this post, we will explore the thriving snack bars industry, a market segment that has seen significant growth and consumer demand in recent years. With key statistics indicating robust market expansion, regional trends, and consumer preferences, we delve into the latest insights shaping the future of snack bars globally. From market size projections to emerging product categories, join us as we uncover the data driving this dynamic industry.

Statistic 1

"The snack bars market is expected to reach $31.60 billion by 2025."

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Statistic 2

"The global snack bars market size was valued at USD 20.4 billion in 2020."

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Statistic 3

"North America dominated the snack bars market with a share of more than 35.0% in 2020."

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Statistic 4

"The fruit ingredients segment held the largest market share of more than 25% in 2020 in snack bars market."

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Statistic 5

"Growth in the product demand for granola/muesli bars is expected to witness the fastest growth, predicted at a CAGR of 6.8% from 2021 to 2028."

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Statistic 6

"Natural/Organic Snack Bars are projected to have the fastest growing market globally at a 17.9% CAGR till 2025."

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Statistic 7

"The breakfast bars segment accounted for a significant market share in 2020, and it will further grow by 2021-2026 at a CAGR of 4%."

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Statistic 8

"The snack bars market in Asia-Pacific is expected to grow at a CAGR of 7.5% during the forecast period 2021-2026."

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Statistic 9

"European countries are exhibiting a strong uptake for breakfast replacements and healthy snacks, with the UK and Germany being the leading consumers of snack bars."

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Statistic 10

"The demand of protein bars market is currently valued at 1.18 billion USD."

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Statistic 11

"Female consumers make up over 60% of snack bar customers."

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Statistic 12

"Energy and nutrition bars accounted for over 35% of the snack bars market in 2016."

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Statistic 13

"In the U.S., the snack bars market is expected to grow annually by 1.9% (CAGR 2021-2025)."

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Statistic 14

"The revenue in the snack bars segment is projected to reach US$6,460m in 2021."

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Statistic 15

"User penetration in the snack bars segment is expected to hit 74.3% by 2025 in the United States."

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Statistic 16

"The average revenue per user (ARPU) in the snack bars segment is predicted to amount to US$22.37 in 2021."

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Statistic 17

"About 20% of Americans consume protein bars and shakes regularly."

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Statistic 18

"Almost 45% of millennial consumers are likely to buy snack bars for breakfast."

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Statistic 19

"The sales value of the snack bars in Australia in 2020 was approximately 257 million Australian dollars."

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Interpretation

The snack bars industry is experiencing significant growth globally, with increasing market size, shifting consumer preferences towards healthier and natural options, and expanding demand for specific types of snack bars such as granola/muesli bars and protein bars. North America currently dominates the market, but regions like Asia-Pacific and European countries like the UK and Germany are also showing strong uptake for snack bars. Female consumers make up a significant portion of snack bar customers, and user penetration is expected to increase in the coming years, particularly in the United States. Overall, the future looks promising for the snack bars industry, with a diverse range of market trends and opportunities for growth across different regions and consumer segments.

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