The Snack And Non-alcoholic Beverage Bars by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Snack And Non-alcoholic Beverage Bars Market:
https://www.thebusinessresearchcompany.com/report/snack-and-nonalcoholic-beverage-bars-global-market-report
According to The Business Research Company’s Snack And Non-alcoholic Beverage Bars, The snack and non-alcoholic beverage bars market size has grown steadily in recent years. It will grow from $391.09 billion in 2023 to $409.43 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to changing consumer lifestyles and dietary preferences, convenience and on-the-go consumption, rising health consciousness and nutritional awareness, innovations in flavour profiles and ingredients, marketing and branding strategies.
The snack and non-alcoholic beverage bars market size is expected to see strong growth in the next few years. It will grow to $499.44 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The growth in the forecast period can be attributed to plant-based and functional ingredients, e-commerce and direct-to-consumer trends, global flavour fusion and culinary diversity, snacking as a social and leisure activity. Major trends in the forecast period include focus on sustainability and eco-friendly practices, expansion of non-alcoholic beverage offerings, integration of functional ingredients, focus on local and regional ingredients, engagement in social media and influencer marketing.
The rising demand for leisure and entertainment activities is expected to propel the growth of the snack and non-alcoholic beverage bars market going forward. Leisure is a state of mind typically characterized by spare time and willing optimism, while entertainment refers to a kind of activity that holds a viewer’s attention and interest while also providing pleasure and delight. The rising interest by people in leisure activities such as pleasure, meditating, painting, and participating in sports and entertainment activities such as film, music, television, radio, and social media have grown considerably where people serve and consumes snacks, coffee and teas and non-alcoholic beverages. For Instance, in August 2022, according to the U.S. Bureau of Labor Statistics, the US-based federal agency for labour, people aged 15 and older engaged in leisure and sporting activities for 32 minutes longer per day in 2020 during the COVID-19 pandemic—5.5 hours as opposed to 5.0 hours. Also, every day, 10 minutes more are spent playing video games and utilizing the computer for pleasure. In 2020, there were an average of 7 minutes more spent each day relaxing and thinking. Therefore, the Rising demand for leisure and entertainment activities is driving the growth of snack and non-alcoholic beverage bars.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=9767&type=smp
The snack and non-alcoholic beverage bars market covered in this report is segmented –
1) By Product: Beverages, Food
2) By Snack Type: Frozen Snacks, Savory Snacks, Fruit Snacks, Confectionery Snacks, Bakery Snacks, Other Snack Types
3) By Pricing: High-End, Economy
4) By Outlet: Chained Outlets, Independent Outlets
Top Major Players:
- Starbucks Corporation
- Whitbread PLC
- Luigi Lavazza SpA
- Inspire Brands Inc.
- McDonald’s Corporation
Asia-Pacific was the largest region in the snacks and non-alcoholic beverage bars market in 2023.
Strategic partnerships are a key trend gaining popularity in the snacks and non-alcoholic beverage bars market. Major companies operating in the snacks and non-alcoholic beverage bars market are undergoing partnerships to sustain their position in the market. For instance, in January 2023, Drinks Distilled, a UK-based beverages company announced a partnership with Crossip, a UK-based non-alcoholic spirits brand, and Seed Library to help drinkers navigate the world of no, low, and reduced abv spirits and serve. Furthermore, in December 2021, Strong Roots, an Ireland-based frozen foods company, and McCain Foods Limited, a Canda-based frozen foods company, have formed a strategic partnership with McCain investing $55 million USD in Strong Roots to acquire a minority stake. This strategic partnership aims to address the rising global demand for healthy and natural food, leveraging Strong Roots mission to fix the freezer aisle by providing plant-based, environmentally responsible food choices. Strong Roots aims to expand its presence in existing and new markets, leveraging McCain’s global reach, while McCain benefits from an expanded product portfolio catering to consumers seeking healthier, natural, and tasty meals.
The snack and non-alcoholic beverage bars market report table of contents includes:
1. Executive Summary
2. Snack And Non-alcoholic Beverage Bars Market Characteristics
3. Global Snack And Non-alcoholic Beverage Bars Market Trends And Strategies
4. Snack And Non-alcoholic Beverage Bars Market – Macro Economic Scenario
5. Global Size and Growth
…….
26. Global Snack And Non-alcoholic Beverage Bars Market Competitive Benchmarking
27. Global Snack And Non-alcoholic Beverage Bars Market Competitive Dashboard
28. Key Mergers and Acquisitions Snack And Non-alcoholic Beverage Bars Market
29. Snack And Non-alcoholic Beverage Bars Market Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
