Market Size of United Kingdom Energy Bar Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.42 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Energy Bar Market Analysis
The United Kingdom Energy Bar market is expected to register a CAGR of 5.42% over the next five years.
- Increased demand for health and nutrition products, impulse purchases, and product innovation is the key factor driving the energy bar market in the United Kingdom. Growing demand for products with active ingredients is further driving the market.
- Health concerns related to high sugar content and fluctuating commodity prices affect market growth. The stores in the United Kingdom are heavily flooded with various energy bars, ranging from protein-rich, nutritious, gluten-free, and dairy-free bars. This extensive range of energy bar options aid in attracting a broad spectrum of consumers.
- Also, the rise in consumer demand for nutritional products and rising clean label claims on products accelerated the market growth in the country. The increase in demand for a convenient and healthy on-the-go snack also catered to the market growth. Elsewhere, due to the high nut content in the energy bars like almonds, peanuts, and others, people allergic to these ingredients didn't prefer these energy bars.
- Consumers in the United Kingdom are looking for high nutritional value snacks and simple ingredient lists rather than calorie counting. Claims like free-from, raw, high fiber, no added sugar, and the use of natural ingredients are expected to continue to be the key factors influencing consumers' decisions.
