The Asia Pacific Cereal Bar Market would witness market growth of 8.0% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 569.8 million units, showcasing a growth of 6.8% (2019-2022).
In recent times, cereal bars have experienced a significant increase in prominence within the snack industry. These compact and convenient snacks, often comprising a blend of grains, nuts, fruits, and other wholesome ingredients, have become a staple for individuals leading busy lifestyles.
Additionally, the expansion of the cereal bar market is supported by shifting consumer preferences, a growing concern for personal health and well-being, and a rising need for convenient refreshment options while traveling. The adoption of this has been on an upward trajectory, fueled by various societal, cultural, and lifestyle factors. In an era where time is a precious commodity, consumers increasingly seek convenient yet nutritious options to satiate their hunger. Cereal bars fit seamlessly into this narrative, offering a portable, mess-free solution for those on the move.
As per the data from the State Council of China, country’s sports industry experienced substantial expansion in 2022, attaining a cumulative value of 3.3 trillion yuan ($461.3 billion), reflecting a year-on-year growth of 5.9 percent. Thus, the rising sports industry and sweet and snacks sector in Asia Pacific will increase demand for this.
The China market dominated the Asia Pacific Cereal Bar Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1944.8 Million by 2030. The Japan market would experience a CAGR of 7.2% during (2023 - 2030). Additionally, The India market is exhibiting a CAGR of 8.6% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Hypermarket & Supermarket, Food Specialty Stores, Online, and Convenience Stores & Others. Based on Product Type, the market is segmented into Snacks Bar, Energy & Nutrition Bars, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
In recent times, cereal bars have experienced a significant increase in prominence within the snack industry. These compact and convenient snacks, often comprising a blend of grains, nuts, fruits, and other wholesome ingredients, have become a staple for individuals leading busy lifestyles.
Additionally, the expansion of the cereal bar market is supported by shifting consumer preferences, a growing concern for personal health and well-being, and a rising need for convenient refreshment options while traveling. The adoption of this has been on an upward trajectory, fueled by various societal, cultural, and lifestyle factors. In an era where time is a precious commodity, consumers increasingly seek convenient yet nutritious options to satiate their hunger. Cereal bars fit seamlessly into this narrative, offering a portable, mess-free solution for those on the move.
As per the data from the State Council of China, country’s sports industry experienced substantial expansion in 2022, attaining a cumulative value of 3.3 trillion yuan ($461.3 billion), reflecting a year-on-year growth of 5.9 percent. Thus, the rising sports industry and sweet and snacks sector in Asia Pacific will increase demand for this.
The China market dominated the Asia Pacific Cereal Bar Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1944.8 Million by 2030. The Japan market would experience a CAGR of 7.2% during (2023 - 2030). Additionally, The India market is exhibiting a CAGR of 8.6% during (2023 - 2030).
Based on Distribution Channel, the market is segmented into Hypermarket & Supermarket, Food Specialty Stores, Online, and Convenience Stores & Others. Based on Product Type, the market is segmented into Snacks Bar, Energy & Nutrition Bars, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- General Mills Inc.
- Naturelle Consumer Products Ltd.
- Mars, Inc. (Kind LLC)
- Nestle S.A
- The Hain Celestial Group, Inc.
- Kellogg Company
- Clif Bar & Company
- PepsiCo, Inc.
- The Simply Good Foods Company (Atkins Nutritionals, Inc.)
- McKee Foods Corporation
Market Report Segmentation
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)- Hypermarket & Supermarket
- Food Specialty Stores
- Online
- Convenience Stores & Others
- Snacks Bar
- Energy & Nutrition Bars
- Others
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. Asia Pacific Cereal Bar Market, by Distribution Channel
Chapter 6. Asia Pacific Cereal Bar Market, by Product Type
Chapter 7. Asia Pacific Cereal Bar Market, by Country
Chapter 8. Company Profiles
Companies Mentioned
- General Mills Inc.
- Naturelle Consumer Products Ltd.
- Mars, Inc. (Kind LLC)
- Nestle S.A
- The Hain Celestial Group, Inc.
- Kellogg Company
- Clif Bar & Company
- PepsiCo, Inc.
- The Simply Good Foods Company (Atkins Nutritionals, Inc.)
- McKee Foods Corporation
Methodology
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