Global Plant Based Bars Market Growth Analysis 2024, Forecast To 2033
8 Mar, 2024
The plant-based bars market has experienced rapid growth, reaching $5.15 billion in 2023 and projected to reach $5.68 billion in 2024 at a CAGR of 10.4%. This is driven by the rise of plant-based diets and clean label preferences. Anticipated growth to $8.27 billion by 2028, with a CAGR of 9.8%, is attributed to functional ingredients and trends like sustainability and innovation.
Global Plant Based Bars Market Key Driver
The plant-based bars market is expected to grow due to the increasing popularity of sports and fitness activities. With a rise in sports and fitness participants, plant-based bars are favored for their convenience and nutritional benefits. The Sports Business Journal reports a steady increase in sports and fitness participants in the US, indicating a growing market for plant-based bars to support performance and recovery.
Get A Free Sample Of The Global Plant Based Bars Market ReportGlobal Plant Based Bars Market Segments
The plant-based bars market covered in this report is segmented –
1) Type:Cereal And Granola Bars, Protein Bars, Energy Bars And Meal Replacement Bars, Fruit And Nut Bars, Other Types
2) Nature:Organic, Conventional
3) Distribution Channel:Supermarkets And Hypermarkets, Specialty Stores, Convenience Stores, Online Retail Stores, Other Distribution Channels
By Geography: The countries covered in the plant-based bars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the plant-based bars market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the plant-based bars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Plant Based Bars Industry Players
General Mills Inc.; Kellogg Company; Orgain Inc.; Clif Bar & Company; Nature's Path Foods Inc; Garden of Life LLC.; KIND Snacks; RXBAR; Square Organics Inc; Go Macro LLC; Probar LLC.; NuGo Nutrition; Lenny & Larry's LLC; 22 Days Nutrition; Health Warrior Inc.; BHU Foods; Bobo's Oat Bars; Simply Protein; Thunderbird Real Food Bars; Greens Gone Wild LLC.; ZEGO Foods; R.E.D.D.; No Cow LLC; Kuli Kuli Inc.; Raw Rev; Evo Hemp; Picky Bars Inc.; LoveRaw Ltd.; 88 Acres Foods Inc.; Taos Bakes
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Plant Based Bars Market Overview
Plant-based bars typically refer to food bars or snack bars that are made primarily from plant-based ingredients. These bars are designed to provide a convenient and portable source of nutrition and are suitable for individuals following a plant-based or vegan diet. It is a reliable source of protein, which is essential for producing enzymes, hormones, and other important molecules.