Product Code: PM2765
The global protein bar market size is expected to reach USD 7.66 billion by 2030, according to a new study by Polaris Market Research. The report "Protein Bar Market Share, Size, Trends, Industry Analysis Report, By Source (Plant-Based, Animal-Based); By Type; By Region; Segment Forecast, 2022-2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rise in the number of customers who are health-conscious, the rise in the knowledge of the advantages of nutrition bars, the entry of new market participants, and the expansion of the digital marketing trend are the main factors driving market growth.
Additionally, the sale of nutrition bars worldwide is projected to experience a consistent rise in the future years as more and more sports figures and social media influencers continue to endorse them. During the projected period, this is anticipated to drive the market for nutrition bars.
Dates, dried fruit, nuts, seeds, and whole grains like quinoa and oats are the main ingredients of protein bars, which are nutritional bars. It is a good source of protein, carbs, lipids, vitamins, minerals, and other necessary nutrients. Its frequent use has a number of health advantages, including increasing energy, promoting weight control, strengthening bones and muscles, and lowering blood sugar levels.
According to the WHO, people can reduce their risk of developing heart disease, stroke, diabetes, and cancer by changing their eating habits, exercising more, and quitting smoking. They can also prevent up to 40% of instances of cancer. Such statements from the most influential institutions motivate people to alter their routines. As a result, more individuals are engaging in regular exercise.
The use of vegan protein bars is rising as a result of this. For instance, Nestle introduced a pea energy bar in 2020 as part of a new line of YES snack bars. This snack bar is made out of almonds and peas and has 10g of protein. These snacks come in various flavors, including Cashew, Blueberry, and Dark Chocolate and Almond, Peanut, and Double Dark Chocolate.
Growing usage of sports beverages as refreshment drinks, as a new marketing trend, and products offering sustainable energy advantages, and constantly shifting flavor trends. During the COVID-19 lockdown, more snacks, bars, and other quick meals were available, supporting the market's demand. Customers were compelled to boost their nutritional intake and eat safer, healthier meals as a result of the uncertain scenario across the world as their interest in products that promote the general maintenance of health and wellness increased. The demand for energy bars increased as more people started working from home or spent more time at home.
Protein Bar Market Report Highlights
Plant-based protein bars are anticipated to rule the industry in 2021. Demand for the product, which delivers better results than other types of bars, is driven up by the rising number of health and fitness club members who are obsessed with maintaining their physical health.
Sports nutrition bars are anticipated to dominate the market in 2021. Proteins are anticipated to grow in popularity as a component of a healthy diet due to their many practical benefits, including better nutritional content, immune system support, and weight control.
North America dominates the global market growth owing to the rise in fitness enthusiasts and the number of gyms, fitness training facilities, and health clubs in North America.
The global players with a global presence include General Mills, Simply Good Foods, Caveman Foods LLC, Kellogg Company and others.
Polaris Market Research has segmented the protein bar market report based on source, type, and region:
Protein Bar, Source Outlook (Revenue - USD Billion, 2018 - 2030)
Plant-Based
Animal-Based
Protein Bar, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Sports Nutrition Bars
Meal Replacement Bars
Others
Protein Bar, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Protein Bar Market Insights
- 4.1. Protein Bar Market - Industry Snapshot
- 4.2. Protein Bar Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing knowledge of the benefits of health and nutrition bars
- 4.2.1.2. Increase as fitness activities
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Fluctuation of raw material prices
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Protein Bar Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Protein Bar Market, by Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Protein Bar, by Type, 2018 - 2030 (USD Billion)
- 5.3. Sports Nutrition Bars
- 5.3.1. Global Protein Bar Market, by Sports Nutrition Bars, by Region, 2018 - 2030 (USD Billion)
- 5.4. Meal Replacement Bars
- 5.4.1. Global Protein Bar Market, by Meal Replacement Bars, by Region, 2018 - 2030 (USD Billion)
- 5.5. Others
- 5.5.1. Global Protein Bar Market, by Others, by Region, 2018 - 2030 (USD Billion)
6. Global Protein Bar Market, by Source
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 6.3. Plant-Based
- 6.3.1. Global Protein Bar Market, by Plant-Based, by Region, 2018 - 2030 (USD Billion)
- 6.4. Animal-Based
- 6.4.1. Global Protein Bar Market, by Animal-Based, by Region, 2018 - 2030 (USD Billion)
7. Global Protein Bar Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Protein Bar Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 7.3. Protein Bar Market - North America
- 7.3.1. North America: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.3.2. North America: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.3.3. Protein Bar Market - U.S.
- 7.3.3.1. U.S.: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.3.3.2. U.S.: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.3.4. Protein Bar Market - Canada
- 7.3.4.1. Canada: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.3.4.2. Canada: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.4. Protein Bar Market - Europe
- 7.4.1. Europe: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.4.2. Europe: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.4.3. Protein Bar Market - UK
- 7.4.3.1. UK: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.4.3.2. UK: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.4.4. Protein Bar Market - France
- 7.4.4.1. France: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.4.4.2. France: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.4.5. Protein Bar Market - Germany
- 7.4.5.1. Germany: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.4.5.2. Germany: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.4.6. Protein Bar Market - Italy
- 7.4.6.1. Italy: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.4.6.2. Italy: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.4.7. Protein Bar Market - Spain
- 7.4.7.1. Spain: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.4.7.2. Spain: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.4.8. Protein Bar Market - Netherlands
- 7.4.8.1. Netherlands: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.4.8.2. Netherlands: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.4.9. Protein Bar Market - Russia
- 7.4.9.1. Russia: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.4.9.2. Russia: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.5. Protein Bar Market - Asia Pacific
- 7.5.1. Asia Pacific: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.5.2. Asia Pacific: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.5.3. Protein Bar Market - China
- 7.5.3.1. China: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.5.3.2. China: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.5.4. Protein Bar Market - India
- 7.5.4.1. India: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.5.4.2. India: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.5.5. Protein Bar Market - Malaysia
- 7.5.5.1. Malaysia: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.5.5.2. Malaysia: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.5.6. Protein Bar Market - Japan
- 7.5.6.1. Japan: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.5.6.2. Japan: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.5.7. Protein Bar Market - Indonesia
- 7.5.7.1. Indonesia: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.5.7.2. Indonesia: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.5.8. Protein Bar Market - South Korea
- 7.5.8.1. South Korea: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.5.8.2. South Korea: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.6. Protein Bar Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.6.2. Middle East & Africa: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.6.3. Protein Bar Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.6.3.2. Saudi Arabia: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.6.4. Protein Bar Market - UAE
- 7.6.4.1. UAE: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.6.4.2. UAE: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.6.5. Protein Bar Market - Israel
- 7.6.5.1. Israel: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.6.5.2. Israel: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.6.6. Protein Bar Market - South Africa
- 7.6.6.1. South Africa: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.6.6.2. South Africa: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.7. Protein Bar Market - Latin America
- 7.7.1. Latin America: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.7.2. Latin America: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.7.3. Protein Bar Market - Mexico
- 7.7.3.1. Mexico: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.7.3.2. Mexico: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.7.4. Protein Bar Market - Brazil
- 7.7.4.1. Brazil: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.7.4.2. Brazil: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
- 7.7.5. Protein Bar Market - Argentina
- 7.7.5.1. Argentina: Protein Bar Market, by Source, 2018 - 2030 (USD Billion)
- 7.7.5.2. Argentina: Protein Bar Market, by Type, 2018 - 2030 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. General Mills
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Simply Good Foods
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Caveman Foods
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Kellogg Company
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Nestle
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Clif Bar & Company
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Glanbia
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. GNC Holdings
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Mars Incorporated
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Hormel Foods
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. Mondelez International
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
- 9.12. Premier Nutrition
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development
- 9.13. Amway
- 9.13.1. Company Overview
- 9.13.2. Financial Performance
- 9.13.3. Product Benchmarking
- 9.13.4. Recent Development
- 9.14. Bountiful Company
- 9.14.1. Company Overview
- 9.14.2. Financial Performance
- 9.14.3. Product Benchmarking
- 9.14.4. Recent Development
- 9.15. NuGo Nutrition
- 9.15.1. Company Overview
- 9.15.2. Financial Performance
- 9.15.3. Product Benchmarking
- 9.15.4. Recent Development
- 9.16. Orgain
- 9.16.1. Company Overview
- 9.16.2. Financial Performance
- 9.16.3. Product Benchmarking
- 9.16.4. Recent Development