Detailed Study on the Energy Bar Market
The latest report published by Transparency Market Research on the global Energy Bar market reveals that the market is expected to grow at a CAGR of ~XX% during the forecast period (2019-2029) and reach a value of ~US$ XX by the end of 2019. Further, by leveraging the data in the report, investors, established players, emerging market players, and stakeholders can develop effective business strategies to cement their position in the global Energy Bar market.
The report ponders over the micro and macro-economic factors that are expected to shape the growth of the Energy Bar market in the upcoming decade. The report includes a SWOT analysis of some prominent players in the Energy Bar market wherein the business prospects of each player are discussed in detail.
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Vital Market Information Included in the Report:
- Underlying trends and growth opportunities for market players in different regional markets
- Growth strategies adopted by market players in the current market landscape
- Segment-wise assessment of the growth potential of each market segment
- Impact of environment, government, and other regulatory policies on the Energy Bar market
- Supply-demand, value chain, and consumption analysis of the Energy Bar in different regions
The report resolves the following doubts related to the Energy Bar market:
- What is the projected growth rate of the Energy Bar market during the forecast period?
- What is the most common trend that can be observed in the Energy Bar market?
- Which market player is dominating the Energy Bar market in region 1?
- Which companies are entering into partnerships, collaborations, and strategic alliances?
- What are the different factors that are likely to hamper the growth of the Energy Bar market during the forecast period?
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Energy Bar Market Bifurcation
The Energy Bar market is bifurcated into different sections to provide a clear understanding of the various aspects of the market. The growth potential, market share, size, and prospects of each segment and sub-segment is depicted in the report.
Energy bar market is segmented on the basis of nature, distribution channel, flavors, and region. On the basis of nature, the market is segmented into organic and conventional. On the basis of a distribution channel, the market is segmented into supermarkets/hypermarkets, convenience stores, medical stores and online store. Supermarkets/Hypermarkets is expected to hold a relatively high share in the energy bars market. Online stores have also contributed significantly to the growth of energy bar market over the forecast period. On the basis of flavors, the market is segmented into fruit flavor, chocolate flavor, nut flavor, and mixed flavors. Among all these segments mixed flavor or can say fusion flavor is expected to grow enormously in the coming future, followed by nuts flavor segment. The demand for energy bars product is more due to the benefit it offers as well as ease of availability of the product in the market. On the basis of region, energy bars Market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, MEA, and Japan.
Market Regional Outlook:
A regional segment for the market of energy bars is divided into seven different regions: North America, Western Europe, Latin America, Eastern Europe, Asia Pacific, Japan, and MEA. Among these segments, North America is expected to have the major market share globally, as it is the largest producer and consumer of energy bars products. In Asia Pacific region the countries like China and Australia are generating the major revenue. While APEJ region is estimated to account the highest CAGR, owing to a larger consumer base, combined with a higher number of retail outlets than any other region. The Latin America market is expected to grow significantly over the forecast period, but are anticipated to account for a lower growth rate than the APEJ region, owing to a greater number of emerging economies in APEJ.
The demand for flavored energy bar has increased rapidly and continues to increase at a significant rate. In developed markets, preference for fusion flavor, and nut flavor has grown significantly, leading to higher demand for ethnic flavoring. Addition of caramel and exotic flavors to existing product lines continues to be one of the key strategies adopted by global manufacturers to attract consumers' attention in more mature markets of the U.S. and Canada. Growing prevalence for energy food, drinks and gels have led to the incorporation of more striking flavor profiles, thereby driving the growth of the market for energy gel globally. With the emergence of modern retail formats, a new format for operations in the form of food courts and specialty stores in large format malls has emerged. These food courts and specialty stores offer consumers easy access to food and beverage at the time of shopping and entertainment activities and also offer a choice of selecting the different product by comparing it then and there. These improved retail formats have helped companies to offer its energy bar products to the consumers in a better way. Consumers can now easily select their desired product in varieties, which are made available in stores in such malls. Spending on R&D is increasing as global manufacturers are now facing competition from the regional players. The pace at which new technologies are impacting the food sector is high, and it has become necessary for manufacturers to increase the scale of their R&D efforts. More sports nutrition manufacturing companies are shifting their R&D activities away from their headquarters. Asia remains the preferred destination for setting up R&D facilities, representing a gradual shift in the industry's center of influence. It is expected that focus on R&D will increase over the forecast period, as companies are expected to offer products that are better than its rivals. Manufacturers will also be focusing on positioning their brands better to improve its sales.
Market Key Players:
Some of the key players in energy bars Market are PowerBar, Inc., EN-R-G Foods Inc., Clif Bar & Company, The Gatorade Company, Inc., General Mills, Inc. (Nature Valley), Humm Foods, Inc. among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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