Global Cereal Bars Market 2016-2020
About Cereal Bars
A cereal bar is a pre-packaged food item that contains oats, nuts, honey, dry fruits, and puffed rice and is rolled in the shape of a bar. Cereal bars are available in various flavors such as strawberry, peanut butter, honey, chocolate, and banana. They are high in proteins and fibers and low in carbohydrates and sodium, and they contain vitamins, minerals, and antioxidants.
Technavio’s analysts forecast the global cereal bars market to grow at a CAGR of 3.79% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global cereal bars market for 2016-2020. To calculate the market size, the report considers the revenue generated through the sales of cereal bars through retail stores such as supermarkets and hypermarkets, convenience stores, food specialty stores, vending machines, and online retailers, etc.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Cereal Bars Market 2016-2020
Technavio recognizes the following companies as the key players in the Global Cereal Bars Market: Atkins Nutritionals, Cliff Bar, General Mills, Kellogg's, Nestle and Quaker Oats
Other Prominent Vendors in the market are: Freedom Foods, Kashi, McKee Foods, Mars, Pharmavite and Naturell India
Commenting on the report, an analyst from Technavio’s team said: “Excess content of sugar significantly leads to cravings, headaches, diabetes, and obesity. Thus, the introduction of sugar-free cereal bars has encouraged people who were reluctant to buy cereal bars.”
According to the report, one of the emerging drivers in this market is health, wellness, and changing lifestyles. People have become more concerned and cautious about their health and fitness and are paying more attention to the nutritional content of the food they eat, which in turn is stimulating the demand for cereal bars across the globe.
Further, the report states that one of the main challenges is the threat from alternative snacking products. Consumers have a variety of options to choose from such as frozen yogurt, cakes, chocolate confectionary, and potato chips.
Atkins Nutritionals, Cliff Bar, General Mills, Kellogg's, Nestle, Quaker Oats, Freedom Foods, Kashi, McKee Foods, Mars, Pharmavite, Naturell India
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