10-Nov-2020 | Zion Market Research
As per research report published by Zion Market Research, the global nutrition bars market is predicted to develop at a CAGR of over 32% from 2019 to 2025. This is due to increasing per capita income, rising working population, rising youth population, and increasing cases of lifestyle diseases. The nutrition bars market has a huge base of teen users, which add up for bulk of the labor force and barely find time for conventional cooking owing to their packed schedule. As nutrition bar can be consumed easily at office and during travel, teen users are more and more adding nutrition bars in their daily meals.
The Vegan Trend To Have A Positive Impact On The Growth Of The Global Market
In opinion of the “vegan rush” all over a huge user base all over the world, nutrition bars market rivals are aiming on offering nutrition-rich goods that please users asking for plant-based goods. It comes with no shock that the frequent transition towards plant-supported option has considerably influenced the global nutrition bars market as food suppliers are accepting a consumer-driven full-fledged method. Latest range of product expansions with the launch of the plant-based high-protein nutrition bars having gluten-free and 100% natural ingredients, approved as vegan are proving to have a positive effect on the global market growth.
Dailey food products and snacks are wearing an ultra-expedient cape recently, as users’ requirement for “grab-and-go” and convenient nutrition elevates. This is additionally supported by the rising impetus attained by nutrition and sports supplements that come in portioned packs to line up with the quick-speed routines of modern users. In addition to this, as nutrition bars are rising as the new snack, players of nutrition bars market expect potential profit-gaining avenues in the near future in the market.
Fresh Snacking To Be The Major Trend In The Growth Of The Global Market
Food freshness is claimed to turn out to be an important factor impacting the purchase decisions of users, specifically Gen Z and teens. The concept of fresh snacking has developed significantly over the past years as brands are testing with different ingredients and product formats. Different nations comprising the US have seen a striking increment in the roll out of fresh snack goods all over a series of food products comprising the range of nutrition bars.
Browse the full “Nutrition Bars Market by Product (Protein Bars, Energy Bars, Meal Replacement Bars, and Others), By Type (Organic and Conventional), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online, and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/nutrition-bars-market
The global nutrition bars market is segmented as follows:
By Sales Channel
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