Market Research Future (Food and Beverages) Protein Bars Market is Estimated to Grow at a CAGR | Page 4

Protein Bars Market Research Report– Forecast till 2023
3 Sample Pages
Protein bars market is segmented on the basis of type such as plant protein and animal protein. Among them, the
plant protein segment is anticipated to gain substantial growth over the coming years due to increasing demand for
gluten-free plant sources among the population suffering from celiac diseases.
On the basis of flavors, protein bars are segmented such as chocolates, fruits, peanut butter, savory, spices, and
others. The chocolate segment is witnessed to be dominating among others. However, the fruits and peanut butter
segments are expected to have a steady growth over the forecast period.
Based on the distribution channel, protein bars are segmented as store based and non-store based. Protein bars
are, however, mainly sold through store based distribution channel among which grocery wholesalers and retail
stores are the major contributors.
Regional Analysis:
The global protein bar market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW).
North America is anticipated to be dominating the protein bars market followed by Europe owing to the presence of
key players in the U.S. followed by rising inclination towards portable convenience foods. Moreover, in Europe,
there is a high inclination towards functional foods and nutritional products which is driving the growth of the
market in this region.
Asia Pacific is projected to be the fastest growing region for protein bars in which China and Japan are the major
contributors followed by India. Moreover, Australia is also witnessed to have a steady growth over the coming
years. Owing to increasing trend of health and fitness, protein bars are estimated to grow rapidly over the rest of
the world.
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