Market Analysis
Global Organic Energy Bar Market is projected to grow at the CAGR of 8.5%. Energy bars are as supplemented bars which contain high quality cereal, dry fruits and other fruits. Energy bar targets people who need quick energy. Energy bar provides various type of protein, fat and carbohydrates. Organic energy bar is prepared and processed without synthetic fertilizers or pesticides and do not contain any artificial flavors, colors or preservatives. Due to increasing health consciousness in people in both in developed and developing economies, the demand of the organic energy bar is increasing. Key players in the global organic energy bar market are emphasizing to enhance their investment in product development in order to extend the product line. Additionally, the companies are also inclined to increase their footprint across the world by acquiring local and regional players. Apart from that, the companies are introducing their products in the developing economies in order to penetrate the untapped market.
Organic Energy Bar market is witnessing a massive growth over the last few years. Growth of the organic energy bar is accelerated by the rising awareness of various artificial colors, flavors, sweeteners and other preservatives. Increasing busy schedules of the consumers, consumers are looking for the meal replacement food products. Organic energy bar is one of the major alternatives of meals. Growing rate of urbanization in developing economies is anticipated to be one of the main drivers of the rising growth of organic energy bar. Key players are emphasizing to promote their new product offerings in the supermarkets & hypermarkets which is creating awareness for organic energy bar among consumers
Major Key Players
This report includes a study of strategies such as mergers and acquisitions, product launches by the major organic energy bar market players. It further includes product portfolios, developments of leading major players which includes
The key players profiled in the Organic Energy Bar Market are General Mills, Inc. (U.S.), Kellogg Company (U.S.), Quest Nutrition, LLC (U.S.), McKee Foods Corporation (U.S.), Atkins Nutritionals, Inc. (U.S.), Quaker Oats Company (U.S.) and Clif Bar & Company (U.S.)
Regional Analysis
Organic Energy Bar Market is segmented into North America, Europe, Asia Pacific, and rest of the world (RoW). Among these, North America region has the major market proportion in the Global Organic Energy Bar Market. The market is projected to grow in a high pace in the review period of 2017-2024. Asia Pacific is projected to be one of the fastest growing regions in the global organic energy bar market. The increasing growth of Asia Pacific region is attributed to the increasing per capita disposable income of the consumer in the developing economies such as China, India & the Association of South East Asian Nations countries. Also, the key players are trying to penetrate the untapped market of Asia Pacific.
Also, the manufacturers of Organic Energy Bar Market are emphasizing on the various promotional activities in the developing nations of Asia Pacific which in turn accelerates the sales of organic energy bar in this region during the forecast period of 2017-2024. Also, retail industry is witnessing a massive growth in the developing nations of Asia Pacific which is anticipated to be one of the major drivers for the rising growth of organic energy bar in this region.
Key Findings
Asia Pacific is projected to witness a massive growth during the forecast period of 2017-2024. China is estimated to create a favorable environment for the increasing growth of Asia Pacific region. North America dominates the organic energy bar market followed by Europe
