Granola Bars Market with Complete SWOT Analysis by Forecast From 2023 to 2032

The latest report on the Granola Bars Market is 200 pages long and includes a number of tables and figures. This report covers the period from 2023 to 2032 and offers valuable insights into the market landscape.

Report Ocean has recently released a survey report focusing on the worldwide Granola Bars Market. The study provides significant insights into growth strategies, prospects for business expansion, emerging trends and innovations, as well as the competitive landscape for the year 2023. Furthermore, the report includes a regional analysis encompassing North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.

Global Granola Bars Market is valued approximately USD 4.27 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.50% over the forecast period 2022-2029. 

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Granola Bars is a snack bar and made using a mixture of oats and other ingredients (such as brown sugar, raisins, coconut, and nuts among others. Moreover, other organic ingredients including raisins and dates, and dark chocolate are also used in granola bars. Granola bars are intended to be eaten as breakfast and snack food. The increasing demand for snack bars and growth in sedentary lifestyle are key factors accelerating the market growth.

The increasing demand for functional bars and snacks is contributing to the growth of the Global Granola Bars Market. For instance, according to Statista – in 2020, around 44.51 million Americans consumed energy / diet snacks and bars, and this number is projected to grow to 45.27 million in 2024. Furthermore, as per Statista – in 2021, the global healthy snacks market was valued at USD 85.6 billion, and the market is projected to grow at a rate of 6.6 percent annually between 2022 and 2030 to reach to USD 152.3 billion by 2030. Also, rising number of health-conscious individuals and increasing demand for cereal-based bars would create lucrative growth prospectus for the market over the forecast period. However, lack of awareness in developing regions stifles the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Granola Bars Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and increasing demand for functional snacks & bars in the region. Whereas Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as rising consumption of functional food & beverages and increasing penetration of leading market players in the region.

Major market players included in this report are:

  • ADM (US)
  • Olam International Limited (Singapore)
  • Barry Callebaut (Switzerland)
  • Blue Diamond Growers (US)
  • John B. Sanfilippo & Son (US)
  • Kanegrade (UK)
  • Borges Agricultural & Industrial Nuts (Netherlands)
  • Savencia SA (France)
  • The Wonderful Company (US)
  • Harris Woolf California Almonds (US)

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Recent Developments in the Market:

In July 2021, Utah, USA based Kodiak Cakes has launched chewy Granola Bars, this new bar contains 100% whole grain rolled oats and is a non-GMO certified.
In February 2022, Tennessee, USA based McKee Foods Corp. has expanded its Sunbelt Bakery brand with the launch of Panada chewy granola bars. The new bars introduced are made with whole grain grains, white and chocolate chips, and do not contain high-fructose corn syrup and preservatives.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Product Type

Fruit Flavors

Nut Flavors

Spice Flavors

By Origin

Organic

Conventional

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By Distribution Channel

Supermarkets

Hypermarkets

Online stores

Convenience Stores

Specialty Stores

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

RoLA

Rest of the World

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Our sample report encompasses the following elements:

  • Introduction, Overview, and In-depth Industry Analysis: A comprehensive analysis of the industry, providing an updated report introduction along with an in-depth examination of key aspects.
  • Research Report of 200+ Pages: The report consists of more than 100 pages, incorporating the latest research findings and insights.
  • Chapter-wise Guidance: We offer chapter-wise guidance upon request, allowing you to navigate the report and delve into specific areas of interest.
  • Updated Regional Analysis with Graphical Representation: Our report includes an updated regional analysis, presented in a graphical format to illustrate the size, share, and emerging trends within each region.
  • List of Tables and Figures: It features an updated list of tables and figures that support the information presented in the report.
  • Top Market Players: The report includes a comprehensive analysis of the leading market players, highlighting their business strategies, sales volume, and revenue analysis.
  • Facts and Factors Research Methodology: Our research methodology is based on a rigorous approach, ensuring the accuracy and reliability of the information presented in the report.

Here are the key questions addressed in the report:

  • What is the potential for growth in the Granola Bars market?
  • Which product segment is expected to dominate the market?
  • Which regional market is likely to emerge as a frontrunner in the future?
  • Which application segment is poised for strong growth?
  • What are the potential growth opportunities that may arise in the Granola Bars industry?
  • What are the major challenges that the Granola Bars market may face in the future?
  • Who are the leading companies in the Granola Bars market?
  • What are the key trends positively impacting the market’s growth?
  • What growth strategies are being considered by the market players to maintain their position in the Granola Bars market?

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