The Plant-Based Bars Global Market Report 2023, provides comprehensive information on the plant-based bars 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.
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The global plant-based bars market size is expected to grow from $4.64 billion in 2022 to $5.15 billion in 2023 at a compound annual growth rate (CAGR) of 11.05%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 size of plant-based bars market is expected to reach $7.50 billion in 2027 at a CAGR of 9.87%.
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Product innovation is a key trend gaining popularity in the plant-based bars market. Major companies operating in the plant-based bars market are developing innovative products to strengthen their position in the market. For instance, in July 2022, Laird Superfood Inc., a US-based plant-based and functional foods manufacturing company, launched a plant-based protein bar with adaptogens. This innovative product is made with ten grams of plant-based protein from peas, hemp seeds, and pumpkin seeds, plus six grams of dietary fiber and all nine essential amino acids. Moreover, it is non-GMO, non-dairy, non-soy, and gluten-free. The bar is available in four flavors, peanut butter, peanut butter chocolate chip, chocolate mint, and lemon almond. Additionally, it is a useful source of protein, fiber, and other nutrients, and it is free from artificial flavors, colors, and preservatives. The bar is also a viable choice for people who are vegan or lactose intolerant.
The plant-based bars market is segmented:
1) By Type: Cereal And Granola Bars, Protein Bars, Energy Bars And Meal Replacement Bars, Fruit And Nut Bars, Other Types
2) By Nature: Organic, Conventional
3) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Convenience Stores, Online Retail Stores, Other Distribution Channels
North America was the largest region in the plant-based bars market in 2022.
The table of contents in TBRC’s plant-based bars market report includes:
1. Executive Summary
2. Plant-Based Bars Market Characteristics
3. Plant-Based Bars Market Trends And Strategies
4. Plant-Based Bars Market – Macro Economic Scenario
5. Plant-Based Bars Market Segmentation
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26. South America Plant-Based Bars Market
27. Brazil Plant-Based Bars Market
28. Middle East Plant-Based Bars Market
29. Africa Plant-Based Bars Market
30. Plant-Based Bars Market Competitive Landscape And Company Profiles
Top Major Players:
- General Mills Inc
- Kellogg Company
- Orgain Inc
- Clif Bar & Company
- Nature’s Path Foods Inc
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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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