Snack bars that are enriched with nutritional ingredients are commonly referred to as superfood bars. These superfood bars are commonly consumed to boost energy and endurance, as they contain high amounts of proteins, carbohydrates, minerals, and vitamins. Superfood bars are available in a variety of flavors, and are ideal for hungry stomachs as snacks. The rising demand for healthy snacking among consumers living in urban areas plays a significant role in boosting the demand for superfood bars. Developed regions are expected to contribute majorly to the growth of the global Superfood Bars Market. Owing to the rising trend of veganism and vegan diets, superfood bars with vegan ingredients are likely to experience high demand from consumers. Organic superfood bars are likely to gain consumer traction during the forecast period.
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On-the-Go Snacking Boosting the Global Superfood Bars Market
The consumption of superfood bars is increasing among various sportspersons to balance the intake of essential nutrients. Therefore, the increasing sales of superfood bars among athletes is surging the growth of the global superfood bars market. Moreover, the increasing penetration of online distribution channels is driving the growth of the superfood bars market. The demand for flavored superfood bars is rising rapidly, and is likely to experience growth in a similar pattern throughout the forecast period. Furthermore, the inclination of consumers towards on-the-go snacking options imposes a significant impact on the growth of the overall superfood bars market. The rising awareness among health conscious consumers embracing active lifestyles about the benefits of consuming smaller meals leads to the further expansion of the superfoods market around the world. However, in the regions with low per capita income, superfood bars are presumed to highly-priced when compared to regular snacks and snack bars.
Rising Trend of Vegan Diets to Boost the Sales of Superfood Bars
The global superfood bars market can be segmented based on nature, source, ingredient type, and distribution channel. Based on nature, the superfood bars market can be segmented into organic and conventional. Based on source, the superfood bars market can be segmented into animal-based and plant-based. Based on ingredient type, the superfood bars market can be segmented into fruits, chocolates, nuts, and others. Based on distribution channel, the superfood bars market can be segmented into modern trade, convenience stores, medical stores, online channels, and others. Geographically, the superfood bars market can be segmented into seven regions: North America, Latin America, Europe, East Asia, South Asia, Oceania and the Middle East and Africa.
Developed Regions to Generate High Revenues
Among the seven regions considered for the evaluation of the superfood bars market, North America is likely to have a prominent share in the superfood bars market. The East Asia and South Asia markets for superfood bars are likely to experience high growth during the forecast period, owing to their larger consumer base as well as high penetration of distribution channels in these regions. The dominance of North America in the global superfood bars market can be linked to the per capital expenditure on health products and the increasing disposable income of consumers.
Product Innovation and Frequent Launches Aid Market Growth
There are several companies that are investing heavily in the superfood bars market and on their research and development. These companies are majorly focusing on the development of new and enhanced products, which has ultimately led to an increased number of product launches in the global superfood bars market. Some of the key players in the superfood bars market are Kellogg’s, General Mills, Inc., Abbott Nutrition Manufacturing Inc., Clif Bar & Company, GlaxoSmithKline Plc., PepsiCo., Post Holdings, and Quest Nutrition LLC., among others.
The research report presents a comprehensive assessment of the superfood bars market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to superfood bars market segments such as nature, source, ingredient type, distribution channel, and geography.
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