New Study from StrategyR Highlights a $1.9 Billion Global Market for Functional Bars by 2026

SAN FRANCISCO, Sept. 10, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Functional Bars - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 7; Released: April 2021
Executive Pool: 389
Companies: 89 - Players covered include anona GmbH; Atlantic Grupa d.d; BEDOUIN SAS; Delaviuda Confectionery Group, S.L.U.; Frankonia Schokoladenwerke GmbH; Glanbia PLC; Halo Foods Ltd.; Leader Foods Oy; Nutrition & Sante SAS; Prinsen Berning Group; SternLife GmbH & Co. KG; Viba sweets GmbH and Others.
Coverage: All major geographies and key segments
Segments: Function (Weight Management, Sports & Fitness, Functional Food); Nature (Organic, Conventional); Packaging (Wrappers, Boxes); Product Type (Energy Bars, Protein-Rich Bars, Meal Replacement Bars, Low Carbohydrate Bars)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

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ABSTRACT-

Global Functional Bars Market to Reach $1.9 Billion by 2026
Amid the COVID-19 crisis, the global market for Functional Bars estimated at US$1.6 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2026, growing at a CAGR of 2.7% over the analysis period. Energy Bars, one of the segments analyzed in the report, is projected to record a 2.9% CAGR and reach US$480.5 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Protein-Rich Bars segment is readjusted to a revised 2.9% CAGR for the next 7-year period.

The U.S. Market is Estimated at $443.7 Million in 2021, While China is Forecast to Reach $371.2 Million by 2026
The Functional Bars market in the U.S. is estimated at US$443.7 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$371.2 Million by the year 2026 trailing a CAGR of 5% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.

Meal Replacement Bars Segment to Reach US$324.3 Million by the year 2026
In the global Meal Replacement Bars segment, USA, Canada, Japan, China and Europe will drive the 1.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$215.5 Million in the year 2020 will reach a projected size of US$242.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com ) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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