UK Snacks Bar Market Growth, Size, Trends, Revenue, Share, Demand and Future Competition
United Kingdom Snacks Bar Market Size- By Product Type, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Dec-2023 | Report ID: FOOD23100 | Pages: 1 - 108 | Formats*: |
| Category : Food & Beverages | |||
United Kingdom Snacks Bar Market Introduction and Overview
According to SPER Market Research, the United Kingdom Snacks Bar Market is estimated to reach USD 1.49 billion by 2033 with CAGR of 3.12%.
The report includes an in-depth analysis of the United Kingdom Snacks Bar Market, including market size and trends, product mix, applications, and supplier analysis. Made with a range of ingredients, including granola, oats, chocolate, dried fruits, almonds, coconut oil, honey, peanut butter, and others, snack bars are baked goods that are ready to eat. Snack bars' primary features are their portability and nutritional value. Sportsmen and dieters employed snack bars as a meal replacement or an assist to their workouts first. These days’ unhealthy breakfast bars are being quickly replaced by more healthy energy bars, which is driving market expansion.
- July 2021: Kellogg's added a new line of nut butter bars to their crunchy nut line-up. The bars come in two flavours: almond and cocoa hazelnut. The new line of bars is free of gluten, artificial colouring, and preservatives, as well as palm oil.
- June 2022: Kellogg's unveiled its new 90-calorie Special K protein snack. There are two varieties of these bars: a sweet berry vanilla and a decadently chocolate brownie sundae. Each bar has six grams of protein.
Market Opportunities and Challenges
One of the main motivations for snacking is to sate hunger. Its dominant position is supported by the positive perception that snacks offer sustained energy throughout the day. Snacks are still popular, but for far more varied reasons. Brands in the snacking industry are still right to associate themselves with crucial motivators for snacking, such as rewarding oneself, sating a craving, decompressing, or unwinding. The primary factor propelling value sales growth in the snacking sector will be elevated inflation. Snack bar companies can also use online sales channels to reach a larger audience thanks to the expansion of e-commerce. Expanding market reach can be achieved by establishing a strong online presence and collaborating with e-commerce platforms.
It can be difficult to find sustainable and high-quality ingredients. Customers frequently want to know where goods come from, so the snack bar business must deal with concerns about ethical sourcing and openness in the supply chain. There is fierce competition in the snack business. To keep ahead of the competition, businesses must constantly innovate by introducing new tastes, formats, and healthier substitutes. Market share might be lost as a result of stagnating product offers. Numerous laws pertaining to food safety, labelling, and nutritional composition apply to the snack bar industry. It can be difficult to comply with these standards, particularly when new labelling requirements must be met and laws change often.
Market Competitive Landscape
Due to the abundance of players, the snack bar market in the United Kingdom is extremely competitive. The majority of important participants in the snack bar business have chosen to focus on product innovation as their primary approach. Additionally, manufacturers consider customer concerns and trends on product selection for healthy lifestyles while creating new items. Major players are Kellogg Company, Weetabix Ltd., General Mills Inc., Yıldız Holding, Mars Inc., Mars GlaxoSmithKline PLC, Clif Bar & Company, Lotus Bakeries (TREK, Nakd) and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product Type, By Distribution Channel |
| Regions covered | London, South East England, North West England, South West England, East of England: West Midlands, Scotland, Wales, Northern Ireland |
| Companies Covered | The Kellogg Company (Crunchy nut, Squares), Weetabix Ltd (Alpen Bars, Alpen Light Bars), General Mills Inc. (Nature Valley), Mars Incorporated (Wringley), GlaxoSmithKline PLC, Clif Bar & Company,Natural Balance Foods and various others. |
COVID-19 Impact on United Kingdom Snacks Bar Market
Like many other industries, the snacks bar business has been impacted by COVID-19 due to a variety of causes, including shifts in consumer behaviour, disruptions in the supply chain, and variations in demand. Consumer tastes and habits have changed as a result of the pandemic. Snacking has been consumed more at home as a result of lockdowns and limitations. This may have affected the kinds of snacks that people like to eat, maybe leading to a rise in demand for comfort or healthier snacks. The epidemic has affected the manufacture and distribution of many items, including snacks, by upsetting the worldwide supply chain. This interruption may make it difficult to find raw materials and keep products consistently available.
Key Target Audience:
- Health-Conscious Consumers
- Fitness Enthusiasts
- On-the-Go Professionals
- Students
- Parents and Families
- Vegans and Vegetarians
Our in-depth analysis of the United Kingdom Snacks Bar Market includes the following segments:
| By Product Type: |
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| By Distribution Channel: |
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| By Region: |
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Key Topics Covered in the Report:
- United Kingdom Snacks Bar Market Size (FY’2023-FY’2033)
- Overview of United Kingdom Snacks Bar Market
- Segmentation of United Kingdom Snacks Bar Market By Product Type (Cereal Bars, Energy Bars, Other Snack Bars)
- Segmentation of United Kingdom Snacks Bar Market By Distribution Channel (Convenience Stores, Online Retail, Specialty Stores, Supermarkets/Hypermarkets, Other Distribution Channels)
- Statistical Snap of United Kingdom Snacks Bar Market
- Expansion Analysis of United Kingdom Snacks Bar Market
- Problems and Obstacles in United Kingdom Snacks Bar Market
- Competitive Landscape in the United Kingdom Snacks Bar Market
- Impact of COVID-19 and Demonetization on United Kingdom Snacks Bar Market
- Details on Current Investment in United Kingdom Snacks Bar Market
- Competitive Analysis of United Kingdom Snacks Bar Market
- Prominent Players in the United Kingdom Snacks Bar Market
- SWOT Analysis of United Kingdom Snacks Bar Market
- United Kingdom Snacks Bar Market Future Outlook and Projections (FY’2023-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 United Kingdom 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. United Kingdom Snacks Bar Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United Kingdom Snacks Bar Market
7. United Kingdom Snacks Bar Market, By Product Type (USD Million)
7.1. United Kingdom Snacks Bar Market Value Share and Forecast, By Product Type, 2023-2033
7.2. Cereal Bars7.2.1. Granola/Muesli Bars7.2.2. Other Cereal Bars7.3. Energy Bars7.4. Other Snack Bars
8. United Kingdom Snacks Bar Market, By Distribution Channel (USD Million)
8.1. United Kingdom Snacks Bar Market Value Share and Forecast, By Distribution Channel, 2023-20338.2. Convenience Stores8.3. Online Retail8.4. Specialty Stores8.5. Supermarkets/Hypermarkets8.6. Other Distribution Channels
9. United Kingdom Snacks Bar Market Forecast, 2019-2033 (USD Million)
9.1. United Kingdom Snacks Bar Market Size and Market Share
10. United Kingdom Snacks Bar Market, By Product Type, 2019-2033 (USD Million)
10.1. United Kingdom Snacks Bar Market Size and Market Share By Product Type (2019-2026)10.2. United Kingdom Snacks Bar Market Size and Market Share By Product Type (2027-2033)
11. United Kingdom Snacks Bar Market, By Distribution Channel , 2019-2033 (USD Million)
11.1. United Kingdom Snacks Bar Market Size and Market Share By Distribution Channel (2019-2026)11.2. United Kingdom Snacks Bar Market Size and Market Share By Distribution Channel (2027-2033)
12. United Kingdom Snacks Bar Market, By Region, 2019-2033 (USD Million)
12.1. United Kingdom Snacks Bar Market Size and Market Share By Region (2019-2026)12.2. United Kingdom Snacks Bar Market Size and Market Share By Region (2027-2033)12.3. United Kingdom12.3.1. London12.3.2. South East England12.3.3. North West England12.3.4. South West England12.3.5. East of England12.3.6. West Midlands12.3.7. Scotland12.3.8. Wales12.3.9. Northern Ireland
13. Company Profile
13.1. Clif Bar & Company13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments13.2. General Mills Inc. (Nature Valley)13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments13.3. GlaxoSmithKline PLC13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments13.4. KIND LLC13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments13.5. Lotus Bakeries (TREK, Nakd)13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments13.6. Mars Incorporated (Wringley)13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments13.7. Procter & Gamble13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments13.8. Natural Balance Foods Ltd (TREK, Nakd)13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments13.9. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
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
United Kingdom Snacks Bar Market is projected to reach USD 1.49 billion by 2033, growing at a CAGR of 3.12% during the forecast period.
United Kingdom Snacks Bar Market grew in market size from 2023. The Market is expected to reach USD 1.49 billion by 2033, at a CAGR of 3.12% during the forecast period.
United Kingdom Snacks Bar Market CAGR of 3.12% during the forecast period.
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United Kingdom Snacks Bar Market size is USD 1.49 billion from 2023 to 2033.
United Kingdom Snacks Bar Market Segment is Covered By Product Type, By Distribution Channel
The Europe region is anticipated to have the highest market share in United Kingdom Snacks Bar Market.
The key players in the market include Companies Covered The Kellogg Company (Crunchy nut, Squares), Weetabix Ltd (Alpen Bars, Alpen Light Bars), General Mills Inc. (Nature Valley), Mars Incorporated (Wringley), GlaxoSmithKline PLC, Clif Bar & Company,Natural Balance Foods and various others.
United Kingdom Snacks Bar Market, including market size and trends, product mix, applications, and supplier analysis. Made with a range of ingredients, including granola, oats, chocolate, dried fruits, almonds, coconut oil, honey, peanut butter, and others, snack bars are baked goods that are ready to eat.
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