Europe Energy bars Market By Nature (Organic and Conventional), By Type (Protein Bar, Nutrition Bar, Cereal Bar and Fiber Bar), By Distribution Channel (Specialty Stores, E-commerce, Hypermarkets & Supermarkets and Convenience Stores), By Country, Growth Potential, COVID-19 Impact Analysis Report and Forecast, 2021 - 2027
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Get in-depth analysis of the COVID-19 impact on the Europe Energy bars Market
Market Report Description
The Europe Energy Bars Market would witness market growth of 7.3% CAGR during the forecast period (2021-2027).
Over the years, people are focusing on their health by adapting to fitness routines and gym cultures around the globe. Moreover, in the past decade, there has been a hike in memberships of fitness centers and gyms. Eventually, this portrays a rise in demand for performance-focused nutritional foods such as energy bars. Energy bars are the key choice of people as a pre & post-workout as it’s a great source of instant energy for consumers. There has been witnessed a rise in demand for energy bars as the new generation is inclined towards recreational activities and fitness which is positively impacting the market growth.
Europe is experiencing high demand among consumers for organic snacking, and on-the-go snacking as the people is inclining towards meal replacements and healthy substitutes for the same. The consumer is going health-conscious when it comes to consuming food products. Manufacturers are also coming new product launches so as to meet the needs of the consumers.
There has been a subsequent increase in demand for energy bars in the United Kingdom as people becoming more aware of their health and are opting for gyms and fitness centers. These are the people who are mainly choosing these energy bars and conventional food items which lead to the growing demand for these food items. The manufacturers are bringing in new innovative products by looking out for protein substitutes and new flavors. Thus, these are the factors that are accelerating the global energy bar market.
The Germany market dominated the Europe Cereal Bar Market by Country in 2020, thereby, achieving a market value of $11,597 Thousands by 2027. The UK market is exhibiting a CAGR of 7.2% during (2021 - 2027). Additionally, The France market is poised to witness a CAGR of 9.6% during (2021 - 2027).
Based on Nature, the market is segmented into Organic and Conventional. Based on Type, the market is segmented into Protein Bar, Nutrition Bar, Cereal Bar and Fiber Bar. Based on Distribution Channel, the market is segmented into Specialty Stores, E-commerce, Hypermarkets & Supermarkets and Convenience Stores.Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Energy bars Market Size will Hit $1.1 Billion by 2027, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Brighter Foods Ltd. (The Hut Group), The Kellogg Company, General Mills, Inc., Kind LLC, McKee Foods Corporation, The Simply Good Foods Company (Atkins Nutritionals, Inc.), Clif Bar & Company, NuGo Nutrition, Probar LLC, and Premier Nutrition Company, LLC
Scope of the Study
Market Segments Covered in the Report:
- Protein Bar
- Nutrition Bar
- Cereal Bar
- Fiber Bar
By Distribution Channel
- Specialty Stores
- Hypermarkets & Supermarkets
- Convenience Stores
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Brighter Foods Ltd. (The Hut Group)
- The Kellogg Company
- General Mills, Inc.
- Kind LLC
- McKee Foods Corporation
- The Simply Good Foods Company (Atkins Nutritionals, Inc.)
- Clif Bar & Company
- NuGo Nutrition
- Probar LLC
- Premier Nutrition Company, LLC
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