Protein Bar Market CAGR to reach 6.3% by 2024 Globallyjohndsouzaind | March 26, 2019 | 0 | Food and Beverages
Protein Bars Market 2019-2024
Protein bars are targeted to people who primarily want a convenient source of protein that doesn t require preparation unless homemade . There are different kinds of food bars to fill different purposes. Energy bars provide the majority of their food energy calories in carbohydrate form. Meal replacement bars are intended to replace the variety of nutrients in a meal.
In 2017, the global Protein Bar consumption market is led by USA and USA is the largest region consumption market, accounting for about 60.14% of global consumption of Protein Bar.
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Protein Bar downstream is wide and recently Protein Bar has acquired increasing significance in various fields of Bodybuilders, Pro/Amateur Athletes and others. Globally, the Protein Bar market is mainly driven by growing demand for Bodybuilders and Pro/Amateur Athletes. Bodybuilders and Pro/Amateur Athletes accounts for nearly 87.22% of total downstream consumption of Protein Bar in global.
Protein Bar can be mainly divided into Low Protein, Medium Protein and High Protein which Medium Protein captures about 49.03% of Protein Bar market in 2017. According to our research and analysis, manufacturers from USA are the major leaders in the international market of Protein Bar.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, Protein Bar consumption will show a trend of steady growth. In 2024 the consumption value of Protein Bar is estimated to be 1966.21 million USD. On product prices, the slow downward trend in recent years will maintain in the future.
Protein Bar is still in its early development stage, there is huge development space and market to explore. Investing in this industry is feasible and wise choice.
According to this study, over the next five years the Protein Bars market will register a 6.3% CAGR in terms of revenue, the global market size will reach US$ 1760 million by 2024, from US$ 1220 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Protein Bars business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Protein Bars market by product type, application, key manufacturers and key regions and countries.
This study considers the Protein Bars value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Clif Bar & Company
The Balance Bar
Chicago Bar Company
The Kellogg Company
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Protein Bars consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Protein Bars market by identifying its various subsegments.
Focuses on the key global Protein Bars manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Protein Bars with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Protein Bars submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Customization of this Report can be done as per client’s requirement.
Name: Jennifer Daniel
Organization: Planet Market Reports