According to a new report Global Energy Bars Market, published by KBV research, The Global Energy Bars Market size is expected to reach $1.1 billion by 2027, rising at a market growth of 7.7% CAGR during the forecast period.
The Organic market dominated the Global Energy Bars Market by Nature in 2020 growing at a CAGR of 7.5 % during the forecast period. The Conventional market is expected to witness a CAGR of 8.3% during (2021 - 2027).
The Protein Bar market dominated the Global Energy Bars Market by Type in 2020, and would continue to be a dominant market till 2027. The Nutrition Bar market is experiencing a CAGR of 6.9% during (2021 - 2027). Additionally, The Cereal Bar market is showcasing highest CAGR of 8.7% during (2021 - 2027).
North America is the leading region in the global energy bar market. In North America, the United States demands the convenient food highly, due to its fast-paced lifestyle as its one of the most developed nations. Consumer in the United States spends a larger amount of their food budget over convenient foods including energy bars which results in accelerating the demand for energy bars across the country according to United States Department of Agriculture (USDA).
Full Report: https://www.kbvresearch.com/energy-bars-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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
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