The Energy Bar Global Market Report 2023, provides comprehensive information on the energy bar market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
Learn More On The Energy Bar Market’s Growth:
https://www.thebusinessresearchcompany.com/report/energy-bar-global-market-report
As per The Business Research Company’s Energy Bar Global Market Report 2023, the market size is expected to grow from $3.90 billion in 2022 to $4.08 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global energy bar market size is expected to reach $4.81 billion in 2027 at a CAGR of 4.2%.
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Product innovations are a key trend gaining popularity in the energy bar market. Major companies operating in the market are introducing innovative products such as ‘That’s it Keto Kick coffee energy bar’ to sustain their position in the market. For instance, in July 2021, That’s It, a US-based manufacturer of healthy snacks launched a new Keto Kick coffee energy bar. The uniqueness of the product is that it’s suitable for the keto diet and has only six plant-based whole ingredients. It contains 95mg of caffeine from Fair Trade, single-origin Ethiopian coffee beans. With the introduction of this new snack, there is now a healthier and easier method to provide body with the whole foods and caffeine it needs while maintaining a plant-based and ketogenic diet.
The energy bar market is segmented:
1) By Type: Protein Bar, Nutrition Bar, Cereal Bar, Fiber Bar
2) By Nature: Organic, Conventional
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Other Distribution Channels
North America was the largest region in the energy bar market in 2022.
The table of contents in TBRC’s energy bar market report includes:
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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