APAC Energy Bar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Energy Bar Market Analysis
Asia-Pacific Energy Bar Market is witnessing to grow at a CAGR of 5.5% during the forecast period (2020-2025).
- Increased demand for health & wellness snacking, increased demand for processed food, meal replacement, rising per capita income are various factors fueled the Energy Bar market growth.
- Japan and Australia are the largest markets for energy bar market with combined sales holding more than 80% of the APAC sales. Energy bar market in other countries is at a nascent stage with India recorded the fastest growth rate.
- The Asia-Pacific Energy Bar market is competitive with a large number of existing multinational players. Innovative product launch and clean label ingredients are the various strategiesadopted by these players. Private label brands providetough competition to the existing players with their flavored product offerings.
APAC Energy Bar Market Trends
This section covers the major market trends shaping the APAC Energy Bar Market according to our research experts:
Australia Dominating the Energy Bar Market
There is a rising trend for everyday sports nutrition products with more consumers preferring fitness over fast food. The Sport nutrition products have begun to see the smooth status in terms of offering to the general customer with more energy bar manufacturers targeting athletes and gym enthusiasts. The high demand for energy bars is aided by the trend for protein requirement from sports athletes. Consumers preference moving towards natural and Organic bars is boosting the sales of energy bars in the country. Keeping in line with the consumer interest, companies like Coconut magic is launching energy bars which are gluten-free, paleo-friendly, sugar-free, dairy- and soy-free with 100% wholefood, superfood, and raw food ingredients.
Increased In Demand of Energy Bars From Sports Industry
Energy bars serve multi-purpose and thus appeal to a broad range of consumers including athletes and fitness enthusiasts. The versatile bars come in various flavors which further drives the sales of energy bars in this region. Key players are introducing products which are targeted towards athletes, which are free from low-sugar energy bars. For instance, Coconut magic company launches energy bar products which are gluten-free, paleo-friendly, sugar-free, dairy- and soy-free with 100% wholefood, superfood, and raw food ingredients. Further increase in the number of sports participants in this region is likely to demand energy bars during the forecast period.
APAC Energy Bar Industry Overview
The Asia-Pacific Energy Bar market is competitive with a large number of existing multinational players. The major players includeClif Bar & Company,Coconut Magic,General Mills, Inc.,Kellogg NA Co,PROBAR LLC, among others. Companies are adopting different strategies such as new product development, mergers and acquisitions to cater to the demands of consumers. For Instance, in Feb 2018, Coconut magic company launches energy bar productswhich are gluten-free, paleo-friendly, sugar-free, dairy- and soy-free with 100% wholefood, superfood, and raw food ingredients.
APAC Energy Bar Market Leaders
Clif Bar & Company
Coconut Magic
General Mills, Inc.
Kellogg NA Co
Probar LLC
*Disclaimer: Major Players sorted in no particular order
APAC Energy Bar Market News
- In February 2022, the India-based Yoga bar brand extended its product category into kids' nutrition with the launch of new mixes 'Yo Chos' and 'Yo Fills'.
APAC Energy Bar Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Distribution Channel
5.1.1 Supermarkets/Hypermarkets
5.1.2 Convenience Stores
5.1.3 Speciality Stores
5.1.4 Online Retail Stores
5.1.5 Other Distribution Channels
5.2 Geography
5.2.1 Asia Pacific
5.2.1.1 China
5.2.1.2 Japan
5.2.1.3 India
5.2.1.4 Australia
5.2.1.5 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Clif Bar & Company
6.4.2 Coconut Magic
6.4.3 General Mills, Inc.
6.4.4 Kellogg NA Co
6.4.5 Probar LLC
6.4.6 PowerBar, Inc
6.4.7 Abbott Nutrition Manufacturing Inc.
6.4.8 NuGo Nutrition
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Energy Bar Industry Segmentation
The scope of Asia-Pacific Energy Bar Market is segmented by distributional channel that includes supermarkets/hypermarkets, convenience stores, specialty stores, online retail stores, and other distribution channels. The study also involves the analysis of regions such as China, Japan, India, Australia and rest of Asia-Pacific.
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Speciality Stores | |
| Online Retail Stores | |
| Other Distribution Channels |
| Geography | |||||||
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APAC Energy Bar Market Research FAQs
What is the current Asia-Pacific Energy Bar Market size?
The Asia-Pacific Energy Bar Market is projected to register a CAGR of 5.5% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Energy Bar Market?
Clif Bar & Company, Coconut Magic, General Mills, Inc., Kellogg NA Co and Probar LLC are the major companies operating in the Asia-Pacific Energy Bar Market.
What years does this Asia-Pacific Energy Bar Market cover?
The report covers the Asia-Pacific Energy Bar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Energy Bar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Energy Bar Industry Report
Statistics for the 2024 APAC Energy Bar market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Energy Bar analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
