Global Plant Based Bar Market Overview
Protein bars contain high proportion of proteins to carbohydrates and fat. Proteins are required to build muscles, in addition with other nutrients. These protein bars are easy to carry in handbags. These proteins are derived from vegetables. According to the World Health Organization (WHO), 80% population can be healthy by just changing the living style and increasing protein content in their diet and shifting towards plant based product. There are many sources to obtain protein bars one is nuts which is highly in demands. Many key players are focusing on their product portfolio. For instance, Nestle declared the launch of Yes! Snack bars made from nuts and peas in recycle paper wrapper. The global plant based bar market accounted for US$ 10.3 billion in 2020 and is estimated to be US$ 18.5 billion by 2030 and is anticipated to register a CAGR of 6.2%.
Impact of Covid-19 pandemic on market
The market of plant based bar increased during Covid-19 as due to fear of air-borne diseases, as more consumers switched to vegan products. Moreover, due to high risk posed by Covid-19 patients with serious conditions like diabetes, heart problem chooses low fat and high nutritional protein bars which boost the market.
Global Plant Based Bar Market Dynamics
Emerging Fitness trends and increasing fitness centers and wellness clubs
People are becoming health conscious and shifting towards plant based product that drives the market. As the fitness clubs and gyms are increasing, the demand for plant based protein bars increases, hence rising the market of bars.
Market campaigns for vegan bars and surge in vegan population
Key players are doing campaigns to spread awareness regarding vegan protein bars which can boost the market of plant based bar. Moreover, with the rising case of food allergies consumers are replacing dairy and meat product with plant based alternatives which drives the market.
High cost and large availability of substitutes
High cost of these bars and availability of substitutes at affordable prices might hamper the pant based bar market.
Global Plant Based Bar Market Segmentation
Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.
The global Plant Based Bar market is segmented based on type, product type, distribution channel and region.
By Type, the Global Plant Based Bar Market is segmented into Vegetables, Nuts and Others. By Product Type, the market is segmented in Snack Bar, Meal Replacement Bar, Energy Bar and Others. By Distribution Channel, the Global Plant Based Bar Market is segmented into Supermarkets & Hypermarkets, Specialty Stores, Online Stores and Others.
Regional Insights:
On region, the global plant based bar market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America dominates the market of plant based bar due to increase awareness about fitness and shifting towards healthy foods. Europe also contributes a significant share over the forecast period due to focus on R&D to introduce healthy alternatives.
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Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Million & CAGR from 2020 – 2029 |
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Market Segmentation |
By Type- Vegetables, Nuts and Others By Product Type– Snacks Bar, Meal Replacement Bar, Energy Bar and Others. By Distribution Channel– Supermarkets & Hypermarkets, Specialty Stores, Online stores and Others |
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global plant based bar market report based on product, site of collection, application, and region.
Global Plant based Bar Market, By Region:
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- North America
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- U.S.
- Canada
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- Europe
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- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
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- Asia Pacific
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- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
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- Latin America
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- Brazil
- Mexico
- Rest of Latin America
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- Middle East & Africa
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- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
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- North America
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Global Plant Based Bar Market Key Players
The key players operating in the global plant based bar market includes Simply Protein, BHU Foods, PROBAR LLC, NutGo Nutrition, Gomacro, Garden of Life, Raw Rev and Risebar and Health Warrior. Companies are continuously rising the production and adopting the strategies such as mergers and acquisitions, product innovation, development, collaboration partnership. For Instance, August 2016, Nugo Nutrition acquired Promax brand from Promax Nutrition Corp to enhance the production of proteins bar.
Global Plant Based Bar Market Key Issues Addressed
Global Plant Based Bar Market Company Profile
- Health Warrior
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Simply Protein
- BHU Foods
- PROBAR LLC
- NuGo Nutrition
- Gomacro
- Garden of Life
- Raw Rev
- Risebar
“*” marked represents similar segmentation in other categories in the respective section
Global Plant Based Bar Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for Plant based bar Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Product Type
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Plant Based Bar Market, By Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Vegetables
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Nuts
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Plant Based Bar Market, By Product Type, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Snacks Bar
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Meal Replacement Bar
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Protein Bar
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Plant Based Bar Market, By Distribution Channel, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Supermarkets & Hypermarkets
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Specialty Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Online Stores
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Plant Based Bar Market, By Region, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Distribution Channel, 2020 – 2030
- Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Health Warrior
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Simply Protein
- BHU Foods
- PROBAR LLC
- NuGo Nutrition
- Gomacro
- Garden of Life
- Raw Rev
- Risebar
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The global plant based bar market is segmented based on type, product type, distribution channel, and region.
Key players are doing campaigns to spread awareness regarding vegan protein bars which can boost the market of plant based bars. Moreover, with the rising case of food allergies, consumers are displacing dairy and meat product with plant based alternatives which drives the market.
The North America dominates the market of plant based bar due to increase awareness about fitness and shifting towards healthy foods. Europe contributes a significant share over the forecast period due to focus on R&D to introduce healthy alternatives.
The key players operating the global plant based bar market includes Simply Protein, BHU Foods, PROBAR LLC, NutGo Nutrition, Gomacro, Garden of Life, Raw Rev and Risebar and Health Warrior.