Snack Bars Market in the US to Grow by USD 806.08 Million, Accelerating at a CAGR of About 2%| Technavio

NEW YORK, April 21, 2021 /PRNewswire/ -- Technavio has been monitoring the snack bars market in the US and it is poised to grow by USD 806.08 million during 2020-2024, progressing at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries; however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a high impact on the snack bars market in the US.

Frequently Asked Questions:

• Based on segmentation by the product, which is the leading segment in the market?
  
  Energy and nutrition bars are the leading segment in the market.
  
• At what rate is the market projected to grow?
  
  The market is projected to accelerate at a CAGR of about 2%.
  
• Who are the top players in the market?
  
  Abbott Laboratories, Clif Bar & Co., General Mills Inc., Kellogg Co., KIND LLC, Mondelez International Inc., PepsiCo Inc., Quest Nutrition LLC, The Hain Celestial Group Inc., and The Hershey Co. are the top players in the market.
  
• What are the key market drivers and challenges?
  
  The new product launches are driving the growth of the market. However, the rising competition from alternatives will hamper the market growth.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Abbott Laboratories, Clif Bar & Co., General Mills Inc., Kellogg Co., KIND LLC, Mondelez International Inc., PepsiCo Inc., Quest Nutrition LLC, The Hain Celestial Group Inc., and The Hershey Co. are some of the major market participants. Although the new product launches will offer immense growth opportunities, the rising competition from alternatives is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this snack bars market in the US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Snack Bars Market in the US 2020-2024: Segmentation

Snack Bars Market in the US is segmented as below:

• Product
• Energy and Nutrition Bars
• Granola Bars
• Breakfast Bars
• Other Snack Bars
• Distribution channel
• Offline Distribution
• Online Distribution

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41135

Snack Bars Market in the US 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The snack bars market in the US report covers the following areas:

• Snack Bars Market in the US Size
• Snack Bars Market in the US Trends
• Snack Bars Market in the US Industry Analysis

This study identifies increasing demand for plant-based snack bars as one of the prime reasons driving the Snack Bars Market in the US growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct, and indirect COVID-19 impacted market research reports.

Snack Bars Market in the US 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024.
• Detailed information on factors that will assist the snack bars market growth in the US during the next five years.
• Estimation of the snack bars market size in the US and its contribution to the parent market.
• Predictions on upcoming trends and changes in consumer behavior.
• The growth of the snack bars market in the US.
• Analysis of the market's competitive landscape and detailed information on vendors.
• Comprehensive details of factors that will challenge the growth of snack bars market in the US vendors.

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Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Value chain analysis
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2019
• Market outlook
• Market size and forecast 2019-2024

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

• Market segmentation by product
• Comparison by product
• Energy and nutrition bars - Market size and forecast 2019-2024
• Granola bars - Market size and forecast 2019-2024
• Breakfast bars - Market size and forecast 2019-2024
• Other snack bars - Market size and forecast 2019-2024
• Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

• Overview

PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL

• Market segmentation by distribution channel
• Comparison by distribution channel
• Offline distribution - Market size and forecast 2019-2024
• Online distribution - Market size and forecast 2019-2024
• Market opportunity by distribution channel

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

• Market drivers
• Market challenges

PART 11: MARKET TRENDS

• Rising demand for on-the-go breakfast options
• Increasing demand for plant-based snack bars
• Growing popularity of private-label brands

PART 12: VENDOR LANDSCAPE

• Overview
• Landscape disruption
• Competitive scenario

PART 13: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Abbott Laboratories
• Clif Bar & Co.
• General Mills Inc.
• Kellogg Co.
• KIND LLC
• Mondelēz International Inc.
• PepsiCo Inc.
• Quest Nutrition LLC
• The Hain Celestial Group Inc.
• The Hershey Co.

PART 14: APPENDIX

• Research methodology
• List of abbreviations
• Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

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