North America Snacks Bar Market Growth, Size, Trends, Demand, Revenue and Future Outlook: SPER Market Research

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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.

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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:	Organic Flavoured
By Confectionery Variant:	Cereal Bar Fruit and Nut Bar Protein Bar
By Distribution Channel:	Convenience Store Online Retail Store Supermarket/Hypermarket Others

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 report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the North America Snacks Bar Market.

5. Market variable and outlook

5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis

6. Competitive Landscape

6.1. North America Snacks Bar Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2020-2026
7.2. North America Snacks Bar Market Size, Share and Forecast, By Type, 2027-2033
7.3. Organic
7.4. 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, 2020-2026
8.2. North America Snacks Bar Market Size, Share and Forecast, By Confectionery Variant, 2027-2033
8.3. Cereal Bar
8.4. Fruit and Nut Bar
8.5. 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, 2020-2026
9.2. North America Snacks Bar Market Size, Share and Forecast, By Distribution Channel, 2027-2033
9.3. Convenience Store
9.4. Online Retail Store
9.5. Supermarket/Hypermarket
9.6. 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 America
11.3.1. Canada
11.3.2. Mexico
11.3.3. United States
11.3.4. Cuba
11.3.5. Panama
11.3.6. Greenland
11.3.7. Rest of North America

12. Company Profile

12.1. CLIF BAR AND COMPANY
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. GENERAL MILLS INC.
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. KELLOG COMPANY
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. MARS INCORPORATED
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. MONDELEZ INTERNATIONAL INC.
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. NATURE’S PATH FOODS
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. PEPSICO INC.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. THE HERSHEY COMPANY
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. THE J.M. SMUCKER COMPANY
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. 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.

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Frequently Asked Questions About This Report

How big is North America Snacks Bar Market?

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.

What is the growth rate of North America Snacks Bar Market?

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.

What is the anticipated CAGR of North America Snacks Bar Market during the forecast period?

North America Snacks Bar Market CAGR of 8.31% during the forecast period.

How can I get a sample report on North America Snacks Bar Market?

You can get the sample pages by clicking the link -Click Here

What is the market size of North America Snacks Bar Market?

North America Snacks Bar Market size is USD 27.78 billion from 2024 to 2033.

Which segment is expected to lead North America Snacks Bar Market?

North America Snacks Bar Market is Covered By Type, By Confectionery Variant, By Distribution Channel.

Which region is expected to have the highest market share in North America Snacks Bar Market?

The North America region is anticipated to have the highest market share in North America Snacks Bar Market.

Who are the key players 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.

What is the conclusion of North America Snacks Bar Market?

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.