North America Snacks Bar Market Growth, Size, Trends, Demand, Revenue and Future Outlook
North America Snacks Bar Market Size- By Type, By Confectionery Variant, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jul-2024 | Report ID: FOOD2479 | Pages: 1 - 153 | Formats*: |
| Category : Food & Beverages | |||
North America Snacks Bar Market Introduction and Overview
According to SPER Market Research, the North America Snacks Bar Market is estimated to reach USD 27.78 billion by 2033 with a CAGR of 8.31%.
The report includes an in-depth analysis of the North America Snacks Bar Market, including market size and trends, product mix, applications, and supplier analysis. Small, portable, and compact rectangular bars that are designed to be eaten on the go are referred to as snack bars. Typically, they are made comprised of cereals, mixed grains, nuts, fruit and vegetable extracts, corn syrup, or honey syrup. These bars come in a variety of tastes, such as beet, spirulina, orange, red berry, brownie, and peanut butter. They are heavy in calories, contain a lot of nutrients, have a slightly savory flavor, and are made up of dietary fiber and bioactive substances. They are therefore frequently eaten as a quick snack or as a dinner substitute all over the world.
- March 2023; Chloe Kim, an American professional snowboarder and two-time Olympic gold medallist, has established a partnership with CORE® Foods. In support of the Alterra Mountain Company's numerous mountain destinations across the US, this announcement enhanced the partnership between CORE® and the company.
- March 2023; Granola bars manufactured in a facility devoid of peanuts were introduced by the General Mills brand Cascadian Farm. In addition, the bars have 35% less sugar and are USDA-certified organic than the original Annie's Dipped Granola Bars.
Market Opportunities and Challenges
Opportunities- Due to its associated convenience of consumption, the snack bar is in high demand and is growing steadily. This is made possible by its disposable packaging, which shields the snack bar from contamination and keeps it hygienic so that it can function instantly. To satisfy their hunger, a significant portion of customers choose snack bars over traditional meals. Snack bars are good for your health as they are high in nutrients and provide you with energy. Since snack bars offer so many benefits, there will be a growing market for them, which will lead to profitable growth prospects.
Challenges- The continuous movement in customer preferences toward healthier, more nutrient-dense snack options is one of the main issues facing the snack bar industry globally. Customers are scrutinizing product labels and looking for snacks that support their nutritional and wellness objectives as they grow more health-conscious. Snack bars have long been promoted as easy, portable food options, but worries over artificial ingredients, added sugars, and high calorie content have forced the industry to change. In response to health trends, snack bar manufacturers have reformulated their products to lower sugar content, boost protein, and include healthier components. This involves utilizing whole grains, natural sweeteners, and nutritious components like nuts, seeds, and superfoods.
Market Competitive Landscape
The North America Snacks Bar Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Clif Bar & Company, General Mills Inc., Kellogg Company, Mars Incorporated, Mondelēz International Inc., Nature's Path Foods, PepsiCo Inc., Post Consumer Brands, The Hershey Company, The J.M. Smucker Company, and Others.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Type, By Confectionery Variant, By Distribution Channel |
| Regions covered | Canada, Mexico United States, Cuba, Panama, Greenland, Rest of North America |
| Companies Covered | Clif Bar & Company, General Mills Inc., Kellogg Company, Mars Incorporated, Mondelēz International Inc., Nature's Path Foods, PepsiCo Inc., Post Consumer Brands, The Hershey Company, The J.M. Smucker Company, and Others. |
COVID-19 Impact on North America Snacks Bar Market
The COVID-19 epidemic had a major effect on the snack bar market in North America, changing customer preferences and behavior. Lockdowns and other regulations restricting outdoor activities have increased demand for shelf-stable, convenient food options. Consumers started making more health-conscious purchases as they looked for goods with nutrients and components that would strengthen their immune systems. As online shopping became the go-to way to buy snacks, e-commerce sales skyrocketed. However, distribution and availability were momentarily impacted by production issues and supply chain disruptions.
Key Target Audience:
- Health Conscious Consumers
- Busy Professionals and On the Go Individuals
- Athletes and Fitness Enthusiasts
- Millennials and Generation Z
Our in-depth analysis of the North America Snacks Bar Market includes the following segments:
| By Type: |
|
| By Confectionery Variant: |
|
| By Distribution Channel: |
|
Key Topics Covered in the Report:
- North America Snacks Bar Market Size (FY’2024-FY’2033)
- Overview of North America Snacks Bar Market
- Segmentation of North America Snacks Bar Market by Type (Organic, Flavoured)
- Segmentation of North America Snacks Bar Market by Confectionery Variant (Cereal Bar, Fruit and Nut Bar, Protein Bar)
- Segmentation of North America Snacks Bar Market by Distribution Channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket)
- Statistical Snap of North America Snacks Bar Market
- Expansion Analysis of North America Snacks Bar Market
- Problems and Obstacles in North America Snacks Bar Market
- Competitive Landscape in the North America Snacks Bar Market
- Impact of COVID-19 and Demonetization on North America Snacks Bar Market
- Details on Current Investment in North America Snacks Bar Market
- Competitive Analysis of North America Snacks Bar Market
- Prominent Players in the North America Snacks Bar Market
- SWOT Analysis of North America Snacks Bar Market
- North America Snacks Bar Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the North America Snacks Bar Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. North America Snacks Bar Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in North America Snacks Bar Market
7. North America Snacks Bar Market, By Type (USD Million) 2020-2033
7.1. North America Snacks Bar Market Size, Share and Forecast, By Type, 2020-20267.2. North America Snacks Bar Market Size, Share and Forecast, By Type, 2027-20337.3. Organic7.4. Flavoured
8. North America Snacks Bar Market, By Confectionery Variant (USD Million) 2020-2033
8.1. North America Snacks Bar Market Size, Share and Forecast, By Confectionery Variant, 2020-20268.2. North America Snacks Bar Market Size, Share and Forecast, By Confectionery Variant, 2027-20338.3. Cereal Bar8.4. Fruit and Nut Bar8.5. Protein Bar
9. North America Snacks Bar Market, By Distribution Channel (USD Million) 2020-2033
9.1. North America Snacks Bar Market Size, Share and Forecast, By Distribution Channel, 2020-20269.2. North America Snacks Bar Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Convenience Store9.4. Online Retail Store9.5. Supermarket/Hypermarket9.6. Others
10. North America Snacks Bar Market Forecast, 2020-2033 (USD Million)
10.1. North America Snacks Bar Market Size and Market Share
11. North America Snacks Bar Market, By Region, 2020-2033 (USD Million)
11.1. North America Snacks Bar Market Size and Market Share By Region (2020-2026)11.2. North America Snacks Bar Market Size and Market Share By Region (2027-2033)11.3. North America11.3.1. Canada11.3.2. Mexico11.3.3. United States11.3.4. Cuba11.3.5. Panama11.3.6. Greenland11.3.7. Rest of North America
12. Company Profile
12.1. CLIF BAR AND COMPANY12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. GENERAL MILLS INC.12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. KELLOG COMPANY12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. MARS INCORPORATED12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. MONDELEZ INTERNATIONAL INC.12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. NATURE’S PATH FOODS12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. PEPSICO INC.12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. THE HERSHEY COMPANY12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. THE J.M. SMUCKER COMPANY12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
North America Snacks Bar Market is projected to reach USD 27.78 billion by 2033, growing at a CAGR of 8.31% during the forecast period.
North America Snacks Bar Market grew in market size from 2024. The Market is expected to reach USD 27.78 billion by 2033, at a CAGR of 8.31% during the forecast period.
North America Snacks Bar Market CAGR of 8.31% during the forecast period.
You can get the sample pages by clicking the link -Click Here
North America Snacks Bar Market size is USD 27.78 billion from 2024 to 2033.
North America Snacks Bar Market is Covered By Type, By Confectionery Variant, By Distribution Channel.
The North America region is anticipated to have the highest market share in North America Snacks Bar Market.
The key players in the market include Companies Covered Clif Bar & Company, General Mills Inc., Kellogg Company, Mars Incorporated, Mondelēz International Inc., Nature's Path Foods, PepsiCo Inc., Post Consumer Brands, The Hershey Company, The J.M. Smucker Company, and Others.
Due to its associated convenience of consumption, the snack bar is in high demand and is growing steadily. This is made possible by its disposable packaging, which shields the snack bar from contamination and keeps it hygienic so that it can function instantly. To satisfy their hunger, a significant portion of customers choose snack bars over traditional meals.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
