Market Size of South America Energy Bar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.23 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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South America Energy Bar Market Analysis
The South America energy bar market is projected to grow at a CAGR of 5.23% during the forecast period (2020 - 2025).
- Rising health & wellness trends demanding low-calorie health food, consumer preference for snacking, and on-the-go convenient packaging are various factors that fueled the South America energy bar market growth.
- The snack consumption pattern in South America is shifting from high-calorie snacks to protein-rich snacks owing to rising health consciousness. Consumers prefer to snack driven mainly by the busy lifestyles and working population. The concept of high protein in the snack is still underdeveloped due to low consumer awareness about the benefits of protein.
- Expanding distribution channels such as supermarkets, hypermarkets in Argentina and Colombia are further accelerating the growth of energy bars. Economic inflation resulted in the slow volume growth of energy bars. Increased retail value growth is mostly attributed to changing currency rates. Competition from cereal and biscuits are various factors affecting the market sale.
