Market Research Future (Food and Beverages) Protein Bars Market Share, Trend, Size, Growth | Page 4

Protein Bars Market Research Report– Forecast till 2023
3 Sample Pages
Segments:
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:
Globally, North America dominates the market for Protein Bars with the largest market share. This growth
attributes to America’s largest market backed by the high per capita income coupled with the inclination
towards easy to carry, convenience foods.
Attributing to the growing markets for Protein Bars in the region, Europe accounts for the second-largest
market. Besides factors such as high disposal income & increasing health eccentric populace coupled
with the influence of media industry provide impetus to the regional market growth.
Asia Pacific region is expected to be the fastest growing region for Protein Bars. Attributing to the
improving economic conditions in countries like India & China, the market is expected to grow with a
phenomenal CAGR during the assessment period.
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