The Europe Cereal Bar Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 316.8 million units, showcasing a growth of 6.3% (2019-2022).
Modern lifestyles, characterized by hectic schedules and a constant need for convenience, have propelled the popularity of this. These products provide a convenient and easily transportable option for breakfast, midday munchies, or meal replacements, appealing to the hectic schedules of city dwellers and individuals with rigorous work obligations.
Moreover, the market has responded to the call to personalize food choices. Manufacturers are increasingly offering a variety of flavors, textures, and nutritional profiles to cater to diverse consumer preferences. Customizable options, such as bars tailored for specific dietary requirements or flavor preferences, are gaining traction.
According to the data provided by the Government of the United Kingdom, a nationwide survey of more than 5,000 adults in England revealed that 80% of those aged 18 and older intended to alter their lifestyle in 2021. Nearly 50% of people (43%) are more inspired to change their lives in January than in 2020. In the range of 6 million adults (aged 40 to 60), 40% plan to eat more healthfully.
The Germany market dominated the Europe Cereal Bar Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,304.6 Million by 2030.The UK market is showcasing a CAGR of 6.3% during (2023 - 2030). Additionally, The France market would register a CAGR of 8.1% during (2023 - 2030).
Free Valuable Insights: The Global Cereal Bar Market will Hit $21.1 Billion by 2030, at a CAGR of 7.7%
Based on Distribution Channel, the market is segmented into Hypermarket & Supermarket, Food Specialty Stores, Online, and Convenience Stores & Others. Based on Product Type, the market is segmented into Snacks Bar, Energy & Nutrition Bars, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)
By Product Type (Volume, Million Units, USD Billion, 2019-2030)
By Country (Volume, Million Units, USD Billion, 2019-2030)
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