We are a mobile society, eating many of our meals on the run.
The global cereal bars market is driven by the increasing demand for convenient and in the go snacks. The rising trend of healthy snacking is fuelling the demand for nutrition bars. ( Read the previous article here )
The bar category has seen incredible growth:
Global Snack Bar Market (cereal bars, energy bars and other snack bars) is forecasted to reach $20.4 billion by 2024, a compounded annual growth rate (CAGR) of during the forecasted period (2019-2024) – Mordor Intelligence
The Protein Bar Market is expected to register a CAGR of 4.23% during the forecasted period of 2019-2024 – Mordor Intelligence
Diversified, delicious and nutritious, breakfast bars and snack bar varieties are a dream-come-true for foodservice operators who want to offer snack options that cater to their customers’ busy lifestyles. As a go-to snack source for on-the-go consumers who gravitate toward quick treats with enough nutritional value to replace a sit-down meal, the bar category is booming.
Superfoods such as cranberry, gojiberry and acaiberr, aronia, quinoa and sea buckthorn – nuts and fruits have their place of honor, followed by stuffed bars with various creams and pralines but also sugar-free bars, vegan bars and protein bars gain significant points at bar’s market.
Obviously, speaking of the size of the cerial bars market, we are talking about a growing industry, which is growing and evolving drawing on modern lifestyles and new dietary trends. Food processing units are looking for more and more solutions that will “untie their hands” and help them invest in different tasty suggestions!
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