The persuasive Granola Bars Market report has been prepared by taking into account several aspects of marketing research and analysis which includes market size estimations, market dynamics, company & market best practices, entry level marketing strategies, positioning and segmentations, competitive landscaping, opportunity analysis, economic forecasting, industry-specific technology solutions, roadmap analysis, targeting key buying criteria, and in-depth benchmarking of vendor offerings. This report gives CAGR values along with its fluctuations for the specific forecast period. Thus, wide-ranging market information of the universal Granola Bars Market report will surely grow business and improve return on investment (ROI).
By taking into account strategic profiling of key players in the Granola Bars Market industry, comprehensively analyzing their core competencies, and their strategies such as new product launches, expansions, agreements, joint ventures, partnerships, and acquisitions, Granola Bars Market report helps businesses improve their strategies to sell goods and services. As per the DBMR team predictions cited in this report, the market will grow with a specific CAGR value in the forecast period of 2023 to 2030. The credible Granola Bars Market report contains market insights and analysis for Granola Bars Market industry which are backed up by SWOT analysis.
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Global Granola Bars Market Analysis and Size
Cereal bars are used as a substitute for breakfast bars. Cereal bar manufacturers offer a variety of tailor-made products that are not only nutritious and beneficial to health, but also tasty. The market studied has yet to reach its full potential in developing regions, where people are unaware of cereal bars and prefer traditional snack foods such as biscuits and chips.
- Data Bridge Market Research analyses that the granola bars market was valued at USD 4.27 billion in 2021 and is expected to reach the value of USD 5.75 billion by 2029, at a CAGR of 4.50% during the forecast period of 2022 to 2029. The market for granola bars is being driven by rising demand for health-benefiting products.
Global Granola Bars Market Definition
Granola bars are a sweet baked snack made from a diverse mixture of dry fruits, cereals, honey, puffed rice and other ingredients. They are lightweight and popular among consumers who participate in outdoor activities. Granola bars are used in a variety of foods, including pastries, yoghurt, and ice cream, because they contain essential nutrients such as protein.
Driver
- Diversification of Flavours and Products
Granola bars market is driven by factors such as manufacturing offering the product in various flavours to attract consumers, consumers shifting towards healthy breakfast alternatives with low fat and low sugar in the products are driving the market growth.
- Granola Bars as Healthy Alternate
Customer’s changing lifestyles, increased demand for ready-to-drink premixes from youth, the growing importance of new and ethnic flavours, and innovative advancements in marketing and promotional activities all contribute to the global granola bars market's growth. The penetration of e-commerce, low prices, easy access, and the introduction of natural and health-beneficial ingredient cocktails in frozen drinks, growing investment in pubs and bars, and a variety of flavours available in granola bars drive global market growth for this product.
Some of the major players operating in the granola bars market are:
- ADM (U.S.)
- Olam International Limited (Singapore)
- Barry Callebaut (Switzerland)
- Blue Diamond Growers (U.S.)
- John B. Sanfilippo & Son (U.S.)
- Kanegrade (U.K.)
- Borges Agricultural & Industrial Nuts (Netherlands)
- Savencia SA (France)
- The Wonderful Company (U.S.)
- Harris Woolf California Almonds (U.S.)
- Treehouse California Almonds (U.S.)
- Döhler GmbH (Germany)
- Royal Nut Company (Australia)
- Repute Foods Pvt. Ltd (India)
- Deep Nuts N Flavors LLP (India)
- Shivam Cashew Industry (India)
- Modern Ingredients (India)
- ConnOils LLC (Wisconsin)
- Valley Harvest Nut Company (U.S.)
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Global Granola Bars Market Scope
The granola bars market is segmented on the basis of product type, origin and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Fruit Flavors
- Nut Flavors
- Spice Flavors
- Others
Origin
- Organic
- Conventional
Distribution Channel
- Supermarket
- Hypermarket
- Convenience Stores
- Pharmaceuticals
- Departmental Stores
- Online
Objectives of the Report
- To carefully analyze and forecast the size of the Global Granola Bars Market by value and volume.
- To estimate the market shares of major segments of the Granola Bars Market
- To showcase the development of the Granola Bars Market in different parts of the world.
- To analyze and study micro-markets in terms of their contributions to the Granola Bars Market, their prospects, and individual growth trends.
- To offer precise and useful details about factors affecting the growth of the Granola Bars Market
- To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Granola Bars Market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) https://www.databridgemarketresearch.com/toc/?dbmr=global-granola-bars-market
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