North America Snack Bar Market Size, Share, and COVID-19 Impact Analysis, By Type (Organic and Flavored), By Confectionery Variant (Cereal Bar, Fruit & Nut Bar, Protein Bar), By Distribution channel (Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others), and North America Snack Bar Market Insights, Industry Trend, Forecasts to 2033.
Industry: Food & BeveragesNorth America Snack Bar Market Size Insights Forecasts to 2033
- The North America Snack Bar Market Size was valued at USD 12.65 Billion in 2023.
- The North America Snack Bar Market Size is Growing at a CAGR of 8.08% from 2023 to 2033
- The North America Snack Bar Market Size is Expected to Reach USD 27.52 Billion by 2033
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The North America Snack Bar Market Size is anticipated to reach USD 27.52 Billion by 2033, Growing at a CAGR of 8.08% from 2023 to 2033. The North America snack bar market is being driven by the increased health and wellness consciousness, busy lifestyles and on-the-go consumption, shift toward sustainable and ethical products, and growing awareness of dietary restrictions and special diets.
Market Overview
The North American snack bar industry is defined as the business of manufacturing, distributing, and consuming snack bars. Snack bars are packaged, convenient food items that are usually meant for immediate consumption and ease of use. They usually consist of a blend of ingredients like grains, nuts, seeds, fruits, protein, and other supplemental nutrients, available in a range of flavors and formulations to suit various consumer tastes. Snack Bars are widely used across various environments, such as a quick feast replacement, a pre- or post-workout snack, or an assistive option for busy individuals. They are popular among clients seeking a healthy alternative compared to traditional practices and are often taken by individuals with active lifestyles, such as athletes and fitness enthusiasts. In addition, snack bars are increasingly used as a nutritional supplement to provide energy and basic nutrients in a convenient structure. The growth of personalized nutrition is fueling the demand for the North American snack bars market that support particular dietary requirements, including keto, paleo, low-carb, or plant-based diets. Additionally, opportunities for innovations are vast in the North American snack bar industry, particularly in sustainability, customization, and health-oriented products. Brands will be more successful if they capture the increasing needs of consumers for sustainability, well-being, and convenience.
Report Coverage
This research report categorizes the market for the North America snack bar market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America snack bar market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North American snack bar market.
North America Snack Bar Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 12.65 Billion |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 8.08% |
2033 Value Projection: | USD 27.52 Billion |
Historical Data for: | 2019-2022 |
No. of Pages: | 240 |
Tables, Charts & Figures: | 112 |
Segments covered: | By Type, By Confectionery, By Distribution channel and COVID-19 Impact Analysis |
Companies covered:: | General Mills Inc., Kellogg Company, Mondelez International Inc., Nature’s Path Foods, PepsiCo Inc., Post Consumer Brands, The Hershey Company, The J.M. Smucker Company, and Others Key Vendors. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis. |
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Driving Factors
As consumers increasingly search for nutritious, beneficial options, trends in health and well-being are propelling significant growth in the North American snack bar industry. Snack bars that are wholesome, low in sugar, high in protein, and manufactured with natural ingredients are becoming more and more popular in North America as consumers place a higher priority on their health and well-being. Additionally, consumers are looking for goods that offer special benefits like improved digestion, weight control, or energy increases. Low-carb, high-protein, and fat-based snack bars are becoming more and more popular in North America due to the popularity of the keto and paleo diets. In North America, a large number of snack bar businesses are implementing direct-to-consumer (DTC) business models, providing specialized flavors and selections to cater to particular customer preferences.
Restraining Factors
Concerns over health and nutrition are anticipated to provide a major obstacle to the growth of the snack bar business in North America. Some snack bars are criticized for having excessive amounts of calories, sugar, or phony additives, which may eliminate their health benefits. Facts that adhere to healthy norms are becoming more and more popular as consumers get more health conscious. In the snack bar industry in North America, market saturation is a well-known test. With so many brands and products available, it can be difficult for new competitors to stand out and attract customers.
Market Segmentation
The North America snack bar market share is classified into type, confectionery variant, and distribution channel.
- The flavored segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the North America snack bar market is segmented into organic and flavored. Among these, the flavored segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growth is attributed to flavored snack bars that appeal to a wide variety of tastes and preferences, including chocolate, vanilla, peanut butter, fruit, and other classic flavors, which are responsible for the increase. Compared to organic bars, these bars are more popular since they are easier for mainstream customers to reach and are more familiar to them.
- The protein bar segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the confectionery variant, the North America snack bar market is divided into cereal bar, fruit & nut bar, and protein bars. Among these, the protein bar segment accounted for the highest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The growth is driven due to consumers' growing health consciousness and the region's expanding fitness trend is the main driver of the rise. Protein bars are thought to be a simple, portable way to improve general fitness, muscular growth, and post-workout recuperation. Protein bars appeal to consumers who are health-conscious since they are promoted as a high-protein, low-sugar substitute for conventional snacks. Protein bars are becoming the preferred snack for many people as they concentrate on high-protein diets.
- The supermarkets and hypermarkets segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the North America snack bar market is divided into convenience stores, online retail stores, supermarkets/hypermarket, and others. Among these, the supermarkets and hypermarkets segment accounted for the largest share in 2023 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is due to their wide range of products, significant shelf space allocation, and regular marketing efforts, these retail channels have maintained their top spot, which led to segmental growth. Supermarkets and hypermarkets are preferred by customers as they provide a large range of goods in one location, such as fresh food, beverages, snack bars, and other grocery items. During their frequent shopping trips, consumers are encouraged to buy snack bars because of their convenience.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the North America snack bar market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- General Mills Inc.
- Kellogg Company
- Mondelez International Inc.
- Nature's Path Foods
- PepsiCo Inc.
- Post Consumer Brands
- The Hershey Company
- The J.M. Smucker Company
- Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In January 2025, Hershey's launched the Fulfil Reese's Chocolate Peanut Butter Bar, integrating Reese's peanut butter into protein bars, and they come in 40-gram and 55-gram packs with between 15 and 20 grams of protein.
Market Segment
This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America snack bar market based on the below-mentioned segments:
North America Snack Bar Market, By Type
- Organic
- Flavored
North America Snack Bar Market, By Confectionery Variant
- Cereal Bar
- Fruit & Nut Bar
- Protein Bar
North America Snack Bar Market, By Distribution Channel
- Convenience Store
- Online Retail Store
- Supermarket/Hypermarket
- Others
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