Snack Bars Market Growth – Global Production, Share, Demand and Applications ForPosted by PRIYANKA KULKARNI on March 6th, 2020 Global Snack Bars Market: Overview As awareness in the area of health and fitness is rising, and so is increasing the preference for healthy snack options. And, thus is predicted to grow the global snack bars market at an impressive CAGR in the forecast period of 2019 to 2027. More and more people are moving away from unhealthy options such as cookies and cakes, that are high in sugar and detrimental to health in the long-run. Thus, there can be expected an increase in the product’s popularity as go to snacks. Global Snack Bars Market: Notable Developments A relatively new product in the food and beverages industry, snack bars are a product of the new-age. With urban population accounting for a large user-base, the need for newness in products is imperative. Here are a few trends that have impacted growth in the global snack bar market.
Key players in the global snack bars market include
Global Snack Bars Market: Key Trends and Drivers
Request For Report Brochure for Latest Industry Insights @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=72525 Global Snack Bars Market: Geographical Analysis North America holds a considerable market share and will continue to hold it for a long time as can be seen in health and fitness facts of the region. There has been a steady increase in market share of North America’s health club industry, from USD 24.4 billion in 2012 to USD 32.57 billion in 2017. Moving focus to the United States alone gives meaningful insights. For instance, as per IHRSA, the health and fitness industry is worth USD 30 billion and is growing 3-4% every year with no signs of a slow-down. Therefore, it can be safely said, that with health taking center-stage in the North American homes, the snack bar market is destined to grow.. However, the fastest growing region will be APAC, with India topping the charts. Here again, it is the rise in awareness regarding health and in disposable income contributing to this growth in a big way. Like it? Share it!More by this author |