Enjoy complimentary customisation on priority with our Enterprise License!
The US snack bars market size is forecast to increase by USD 886.7 million at a CAGR of 2.17% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free Sample
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The energy and nutrition bars segment is estimated to witness significant growth during the forecast period.
The snack bar market in the US is witnessing significant growth due to the increasing preference for convenient, nutritious, and functional food options. Direct-to-consumer sales are gaining traction as consumers seek personalized and customized snack bar varieties. Texture analysis and sensory evaluation are crucial in the manufacturing process to ensure consumer satisfaction and product consistency. Production efficiency and ingredient traceability are essential for maintaining cost optimization and ensuring food safety regulations. New product development is a key trend, with a focus on reducing sugar content, increasing protein content, and incorporating fiber and health claims. Brand positioning and pricing strategies vary based on target audience demographics and consumer preferences.
Retail landscape and distribution channels are evolving, with e-commerce sales and wholesale distribution becoming increasingly important. Shelf life, ingredient combinations, and nutritional labeling are critical factors in product formulation and quality control. Competitor analysis and supply chain management are essential for cost optimization and ingredient sourcing. Consumer demographics and flavor profiles influence sales channels and product innovation. The market is expected to continue growing as consumers seek functional and convenient snack options, with a focus on cost optimization, ingredient traceability, and food safety regulations.
The Energy and nutrition bars segment was valued at USD 3959.40 million in 2018 and showed a gradual increase during the forecast period.
The US snack bars market is thriving, driven by demand for healthy snack bars like protein bars, energy bars, and plant-based snack bars. Consumers seek organic snack bars, gluten-free snack bars, and vegan snack bars for health-conscious diets. Low-sugar snack bars and meal replacement bars cater to weight loss and on-the-go snacking needs. Innovations like functional ingredient snack bars, sustainable packaging snack bars, and clean label snack bars appeal to eco-conscious buyers. Niche products, such as best protein bars for fitness in US, organic snack bars for healthy eating, and vegan snack bars for plant-based diets, dominate searches. Snack bars with superfoods USA and eco-friendly packaging snack bars reflect evolving preferences, boosting market growth.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The snack bar market in the US continues to evolve, driven by dynamic consumer preferences and industry innovations. Brands are continually refining their product offerings to cater to various sectors, with a focus on protein content, calorie count, and sensory evaluation. Retail landscapes are shifting, with e-commerce sales gaining traction and traditional brick-and-mortar stores adapting to stay competitive. Manufacturers are prioritizing production efficiency, ingredient traceability, and food safety regulations to meet consumer demands for transparency and quality. New product development is a key driver, with snack bars incorporating diverse ingredient combinations, health claims, and fiber content to cater to different consumer demographics.
Competitor analysis is crucial, with brands leveraging pricing strategies, distribution channels, and product innovation to differentiate themselves. Sales channels are expanding, with wholesale distribution and direct-to-consumer sales becoming increasingly important. Sensory evaluation plays a significant role in brand positioning, with companies investing in texture analysis and flavor profiles to create unique offerings. Packaging materials are also evolving, with a focus on sustainability and extended shelf life. Quality control and cost optimization are ongoing priorities, with companies implementing robust supply chain management and ingredient sourcing strategies to ensure consistent product formulation. The snack bar market's continuous dynamism underscores its potential for growth and innovation.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Snack Bars Market in US insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
140 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.17% |
Market growth 2024-2028 |
USD 886.7 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.11 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this market research report to meet your requirements Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Flavor
9 Market Segmentation by Nature
10 Customer Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.