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United Kingdom Snack Bar Market analysis, industry size, future growth, trend update, business demands and forecast 2024

Global “United Kingdom Snack Bar Market” (2021-2024) report identifies Sales of Market by regional analysis by product type and product applications from 2019. United Kingdom Snack Bar Market research report gives analysis on products sales, price, margin, growth (regionally volume). Market research report gives analysis on Historical and Current scenario on United Kingdom Snack Bar Market. Research provides potential market opportunities and strong industry focus on United Kingdom Snack Bar market forecast from 2019 till 2024. Research report provides CAGR value in percent during 2021 to 2024.

“Final Report will add the analysis of the impact of COVID-19 on the In Memory Computing industry.”

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The UK snack bar market is expected to reach USD 1.3 billion by 2023, witnessing a healthy CAGR during the forecast period. The UK snack bar consumption crossed 47.32 million kg in 2017, with cereal bar segment as the largest market. Cereal and granola bar segment dominates the market, which is expected to continue during the forecast period.
Increased demand for health & wellness products, convenient and on-the-go snacking, innovative products, and packaging are driving the snack bar market size. Rising consumer focus on sports nutrition products provides a snack bar market opportunity for companies. High competition from snacks and breakfast cereals is affecting the snack bar market growth.
On-the-go snacking in High Demand
More than 47% of the consumers consume on-the-go snack products, which boosts the snack bar sales. The adult population in the age group of 16-24 years are the target consumers for cereal bar and energy bar market. Adult consumers in the United Kingdom are the most significant breakfast eaters, with more than 20% of the population having breakfast outside, once a week. Cereal bar promotion in school meals and lunch has fueled the cereal bar market. The snack bar is perceived to be a healthier alternative to chocolates and confectioneries, which also drives impulse purchasing as a treat. Busy lifestyles, coupled with meal replacements, make a snack bar an excellent snack product.  Convenient and small packs allow the consumers to snack at multiple occasions in smaller quantities.
UK Population Prefer Breakfast Bar
Breakfast bar holds a major share in the market, owing to consumer trend for eating outside. Granola and muesli bars and other cereal bars observed an increase in sales over the past five years, which is followed by energy bars. High fruit content in cereal bars offering increased nutritional benefits is accelerating granola/cereal bar sales. Energy bar accounts for comparatively smaller share while growing at a faster rate, owing to consumer interest in high-protein/energy-based snacks. Companies are introducing targeted products, such as a nutrition bar for athletes to tap the market opportunity. Product claims, such as high-protein, meal replacement, low-calorie, pre- and post-workout energy bar, and vegan are gaining traction among health-conscious consumers.
Key Developments
April 2018 – Aduna launched energy bars from African super food, which contains high fiber, essential vitamins, and minerals. The products include Banana Boost powered by Baobab Superfruit, Berry Bite powered by Hibiscus Super flower, and Choc-Orange Burst powered by raw Cacao
February 2018 – Kellogg’s launched Special K protein-rich cereal bars with natural and plant-based ingredients, such as nuts, seeds, grains, and soy
New product launch focusing on new flavor, nutrient, and health claim is the major strategy adopted by players. Companies are focusing on health & wellness products, such as high-protein energy bar with reduced calories for the targeted young population. Kellogg Co. holds a dominant position in the UK snack bar market share with a wide range of cereal and breakfast bars. Introduction of small startups and various international players are posing tough competition to the existing players.
Major Players – THE KELLOGG COMPANY, WEETABIX LTD, GENERAL MILLS INC., UNITED BISCUITS (HOLDINGS) PLC, MARS INC., GLAXOSMITHKLINE PLC, MONDELEZ INTERNATIONAL, INC. amongst others.
Reasons to Purchase the Report
Analyzing the outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, along with growth opportunities of the market in the years to come
Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects
Country-level analysis integrating the demand and supply forces that are influencing the growth of the market
Market value (USD million) and volume (million kg) data for each segment and sub-segment
Distribution channel sales analysis, by value
Competitive landscape involving the market share of major players, along with the new product launch and strategies adopted by players in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategy employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs

List of TOP KEY PLAYERS in United Kingdom Snack Bar Market Report are –

  • Abbott Laboratories, Associated British Foods Plc, Dorset Cereals Ltd, Doves Farm Foods Ltd., Eat Natural Limited, General Mills, Inc., Glaxosmithkline Plc, Mars, Incorporated, Maxinutrition Ltd, Mondelez International, Inc, Natural Balance Foods, The kellogg company

Global United Kingdom Snack Bar Market Segmentation by Types, By Applications and by Region:

Global United Kingdom Snack Bar market is analyses and market size information is provided by regions (countries). Segment by Application, the United Kingdom Snack Bar market is segmented into United States, Europe, China, Japan, Southeast Asia, India and Rest of World. The report includes region-wise market size for the period 2019-2024. It also includes market size and forecast by players, by Type, and by Application segment in terms of sales and revenue for the period 2019-2024.

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United Kingdom Snack Bar Market Segment by Region:

  • United States
  • Europe
  • China
  • Japan
  • Southeast Asia
  • India
  • Rest of World

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Reasons to Purchase this Report:

  • To know how the need for rapid data processing is expected to affect the growth of the global United Kingdom Snack Bar
  • To analyze various perspectives of the market with the help of Porters five forces analysis
  • To know how SME’s are dominating the market.
  • To know about the regions that are expected to witness the fastest growth during the forecast period.
  • To identify the latest developments, market shares, and strategies employed by major market players.
  • Three months analyst support, along with the Market Estimate Sheet (in excel).

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COVID-19 Impact on Market:

The recent COVID-19 outbreak first began in Wuhan (China) in December 2019, and since then, it has spread around the globe at a fast pace. China, Italy, Iran, Spain, the Republic of Korea, France, Germany, and the US are among the worst-affected countries in terms of positive cases and reported deaths, as of March 2020. The COVID-19 outbreak has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The global food and beverage industry is one of the major industries facing serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub, with the presence of and the largest raw material suppliers. The overall market break down due to COVID-19 is also affecting the growth of the bacon market due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

Major Points from Table of Contents:

1. Introduction

                1.1 Key Deliverables of the Study

                1.2 Study Assumptions

                1.3 Scope of the Market

2. Research Approach and Methodology

                2.1 Introduction

                2.2 Research Design

                2.3 Study Timelines

                2.4 Study Phases

                                2.4.1 Secondary Research

                                2.4.2 Discussion Guide

                                2.4.3 Market Engineering and Econometric Modelling

                                2.4.4 Expert Validation

3. Market Overview

                3.1 Market Trends

                3.2 Market Dynamics

                                3.2.1 Drivers

                                                3.2.1.1 Increased Demand for Health & Wellness Products

                                                3.2.1.2 On-the-go Breakfast Trend and Meal Replacement

                                                3.2.1.3 Innovation in Product and Packaging

                                3.2.2 Restraints

                                                3.2.2.1 High Competition from Breakfast Cereals and Increased Snacks Sales

                                3.2.3 Opportunities

                                                3.2.3.1 Growing Sports Nutrition Market

                                3.2.4 Porter’s Five Forces Analysis

                                                3.2.4.1 Bargaining Power of Suppliers

                                                3.2.4.2 Bargaining Power of Buyers

                                                3.2.4.3 Threat of New Entrants

                                                3.2.4.4 Threat of Substitute Products and Services

                                                3.2.4.5 Degree of Competition

4. Market Segmentation

                4.1 By Product Type

                                4.1.1 Cereal Bar

                                                4.1.1.1 Granola/Muesli Bars

                                                4.1.1.2 Other Cereal Bars

                                4.1.2 Energy Bar

                                4.1.3 Other Snack Bar

                4.2 By Distribution Channel

                                4.2.1 Warehouse Clubs

                                4.2.2 Convenience Stores

                                4.2.3 Pharmacies

                                4.2.4 Specialist Retailers

                                4.2.5 Supermarkets and Hypermarkets

                                4.2.6 Variety Stores

                                4.2.7 Vending machines

                                4.2.8 On-line Retail

                                4.2.9 Other Distribution Channels

5. Competitive Landscape

                5.1 Market Share Analysis

                5.2 Strategy Adopted by Key Players

                5.3 Most Active Companies in the Past Five Years

6. List of Company Profiles

                6.1 Overview

                6.2 Products & Services

                6.3 Financials

                6.4 Key Developments

                6.5 Strategies Adopted

                6.6 SWOT Analysis of Major Five Players

7. Companies Covered

                7.1 Abbott Laboratories

                7.2 Associated British Foods Plc

                7.3 Dorset Cereals Ltd

                7.4 Doves Farm Foods Ltd.

                7.5 Eat Natural Limited

                7.6 General Mills, Inc.

                7.7 Glaxosmithkline Plc

                7.8 Mars, Incorporated

                7.9 Maxinutrition Ltd

                7.10 Mondelez International, Inc

                7.11 Natural Balance Foods

                7.12 The kellogg company

8. Appendix

                8.1 Disclaimer

                8.2 Sources

LIST OF TABLES

1: Snack Bar Market Revenue, By Distribution Channel, UK, 2015-2023

2: Snack Bar Market: Revenue in USD million, by Product Type , UK, 2015-2023

3: Snack Bar Market: Revenue in USD million, by Cereal Bar , UK, 2015-2023

4: Snack Bar Market: Revenue in USD million, by Granola/Muesli Bars , UK, 2015-2023

5: Snack Bar Market: Revenue in USD million, by Other Cereal Bars , UK, 2015-2023

6: Snack Bar Market: Revenue in USD million, by Energy Bars , UK, 2015-2023

7: Snack Bar Market: Revenue in USD million, by Other Snack Bars , UK, 2015-2023

8: Snack Bar Market: Volume in million Kg, by Product Type, UK, 2015-2023

9: Snack Bar Market: Volume in million Kg, by Cereal Bar, UK, 2015-2023

10: Snack Bar Market: Volume in million Kg, by Granola/Muesli Bars, UK, 2015-2023

11: Snack Bar Market: Volume in million Kg, by Other Cereal Bars, UK,2015-2023

12: Snack Bar Market: Volume in million Kg, by Energy Bars, UK,2015-2023

13: Snack Bar Market: Volume in million Kg, by Other Snack Bars, UK, 2015-2023

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