The Europe Nuts & snacks bars market is expected to gain market growth in the forecast period of 2021 to 2025. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.1% in the forecast period of 2021 to 2025 and is expected to reach USD 2,227.04 thousand by 2025.
High demand for snack food due to changing lifestyle of people, high nutrient content of snack bars, abundant sources of raw material, growing launches of variety of nuts and snacks bars with diverse compositions, growing popularity of sports and athletic activities along with busy lifestyle which drives the market. Presence of allergens in the snack bar and fluctuating prices of raw materials are acting as a restrain for the market.
High demand for sugar free snack bars, increasing demand for organic products from consumers and high demand for fortified snack bars is creating an opportunity for the market. Stringent Government Regulations is acting as a challenge for the Europe nuts & snacks bars market.
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Europe Nuts & Snacks Bars Market Scope and Market Size
- On the basis of bar type, the nuts & snacks bars market is segmented into energy bars, protein bars, cereal bars and nuts bars. In 2021, cereal bar has the largest market share owing to the factors such as the most of the people prefer the granola bar over other bars due to high nutrition content.
- On the basis of calorie content, the nuts & snacks bars market is segmented into regular, low calorie and sugar free. In 2021, regular calorie segment is dominated the market owing to factors as many people are becoming aware of the low calorie content and thus preferring regular calorie products.
Nuts & Snacks Bars Market Country Level Analysis
Nuts & snacks bars market is analysed and market size information is provided by bar type, calorie content, flavour, product type, size, manufacturing process and distribution channel.
The U.K is dominating in Europe and is expected to grow with the most promising growth rate in the forecast period of 2021 to 2025 as the major industrialist focusing to develop food and beverages products consisting nuts & snacks bars consumes wide range of kernels and processed form of nuts & snacks bars for confectioneries, bakery, and flavoured drinks and in food service sector.
France is dominating due to high demand for snack food due to changing lifestyle of people, high nutrient content of snack bars, abundant sources of raw material and Germany is growing due to launches of variety of nuts and snacks bars with diverse compositions and growing popularity of sports and athletic activities along with busy lifestyle are boosting the market growth
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Competitive Landscape and Nuts & Snacks Bars Market Share Analysis
The major players covered in the nuts & snacks bars market report are General Mills Inc., Kellogg Co, THE HERSHEY COMPANY, The Simply Good Foods Company, Clif Bar & Company, Hormel Foods Corporation, Mars Incorporated, Quaker Oats Company, Premier Nutrition Company, LLC, Nestle, Mondelez International, THE GRIFFIN’S FOOD COMPANY, The Nature’s Bounty Co., HERO GROUP, Associated British Foods plc, Healthy Bars, Natural Balance Foods, Fruit Bowl, Eat Natural, SMART ORGANIC among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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