South America Snack Bar Market - Segmented by Product Type, Distribution Channel, and Geography – Growth, Trends, and Forecast (2018 - 2023)

  • ID: 4591859
  • Report
  • Region: South America
  • 107 pages
  • Mordor Intelligence
UP TO OFF
until Dec 31st 2018
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FEATURED COMPANIES

  • Clif Bar & Company
  • General Mills Inc.
  • Glaxosmithkline Plc
  • Hormel Foods Corporation
  • NuGo Nutrition
  • PowerBar Inc.
  • MORE
The South America Snack Bar market is expected to reach USD 1,670 million by 2023 at a CAGR of 9.3%, during the forecast period. The South America Snack Bar volume sale surpassed 62.47 million Kg in 2017 with Brazil the largest market. Snack bar observed a strong growth rate during the past five years owing to rising consumer preference for healthy snacking.

Snack Bar market includes sports nutrition bars and snack bars designated to meet both daily and sports nutrition needs. Increased demand for health & wellness snacking, growing consumption of processed food, meal replacement, rising per capita income are various factors fueled the Snack Bar market growth.

On-the-Go Snacking Continue to Drive

Convenient pack combining nutrition are attracting consumers driving snack bar sales. Busy lifestyle and snacking habits created a demand for convenient on-the-go snack option. The demand for a healthier snack is growing in the region with more preference for high protein and nutrition intact snack. A desire for satiety is the prominent factor for snacking, either it’s indulgent or driven by health & wellness concern. The tradition diet in South America, which is mostly based on starch and sugar, provides energy while raises blood sugar level. Shifting snack consumption pattern from sweet and traditional snacks to more healthy snacks are driving sales. High protein snacks compared to starch-based conventional snacks, targeting afternoon snacking occasion is the key snack bar trends in the market. Rising middle-class income fueled healthy snacking to be affordable for consumers. Brazilians, for example, are always on move and time is increasingly important for them, offer potential opportunities for snack bar manufacturers. Snack consumption at multiple occasion in the small portion is very prominent in the region which fueled the small, twin, and multipack snack bar sales.

Brazil Driving Healthy Snack Trend

Brazilians have sweet taste bud and prefer to consume sweet pastries, cookies with coffee as a break snack. It offers plenty opportunity for the Brazilian packaged snack companies. Taste coupled with nutrition is driving snack bar demand. Demand for sweet flavors, such as coffee, fruit free flavors, cinnamon, caramel, cocoa is becoming popular in the region.

Brazil is the most significant market for Snack Bar with combined sales holding around 50% of the regional sales. Snack Bar market size in other countries are at the nascent stage with Argentina recorded the fastest growth rate of 16% during the forecast period. Cereal and granola bar holds the most significant market followed by energy bar. Growing trend for meal replacement and breakfast snack has risen the cereal bar demand.

Key Developments
  • Jan 2018 - Kobber, a snack product manufacturer launched tapioca based snack bar in Brazil owing to consumer preference for staple tapioca. The product is available in four different flavor including Chocolate, Milk Caramel, Guava Jam, and Coconut & Condensed Milk
The South America Snack Bar market is concentrated among few players occupying major share in the market. Innovative product launch and clean label ingredients are the various strategy adopted by these players. Nutrimental, the leading snack bar company in Brazil launched versions of light granola/muesli bars and Nutry Ativa, which is a first functional snack bar, recorded double digit value growth during the historic period.

Major players - NUTRIMENTAL, NATURE'S BOUNTY CO., KELLOGG NA CO, GLAXOSMITHKLINE PLC, GENERAL MILLS, INC., CLIF BAR & COMPANY, amongst others.

Reasons to Purchase this Report
  • Analyzing 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
  • Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value (USD Million) and volume (Kg Million) 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 strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel
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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Clif Bar & Company
  • General Mills Inc.
  • Glaxosmithkline Plc
  • Hormel Foods Corporation
  • NuGo Nutrition
  • PowerBar Inc.
  • MORE
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 Modeling
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 Snack Consumption and Hunger for Healthy Snacking
3.2.1.2 Busy Lifestyle and Demand for On-the-go Snacking
3.2.1.3 Product Innovation and Packaging
3.2.2 Restraints
3.2.2.1 Availability of Snack Substitues
3.2.2.2 Economic Uncertainties
3.2.3 Opportunities
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 Distribution Channel
4.1.1 Convenience Stores
4.1.2 Specialist Retailers
4.1.3 Supermarkets and Hypermarkets
4.1.4 Vending Machines
4.1.5 Online Retail
4.1.6 Variety Stores
4.1.7 Other Distribution Channel
4.2 By Geography
4.2.1 South America
4.2.1.1 Brazil
4.2.1.2 Argentina
4.2.1.3 Colombia
4.2.1.4 Rest of South America

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 General Mills, Inc.
7.2 The Kellogg Company
7.3 QuestNutrition LLC
7.4 Probar LLC
7.5 Nutrition, Inc. (Pureprotein)
7.6 Clif Bar & Company
7.7 The Gatorade Company
7.8 PowerBar, Inc.
7.9 Abbott Nutrition Manufacturing Inc.
7.10 Hormel Foods Corporation
7.11 Glaxosmithkline Plc
7.12 NuGo Nutrition

8. Appendix
8.1 Disclaimer
8.2 Sources
LIST OF TABLES
1: Snack Bar Market: Revenue in USD million, by Country, South America, 2015-2023

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

3. Snack Bar Market: Revenue in USD million, by Distribution Channel, South America, 2015-2023

4. Snack Bar Market: Revenue in USD million, by Distribution Channel, Brazil, 2015-2023

5. Snack Bar Market: Revenue in USD million, by Distribution Channel, Argentina, 2015-2023

6. Snack Bar Market: Revenue in USD million, by Distribution Channel, Colombia, 2015-2023

7. Snack Bar Market: Revenue in USD million, by Distribution Channel, Rest of South America, 2015-2023

8. Snack Bar Market: Volume in million Kg, by Country, South America, 2015-2023

9. Snack Bar Market: Volume in million Kg, by Product Type, South America, 2015-2023
Note: Product cover images may vary from those shown
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  • General Mills Inc.
  • The Kellogg Company
  • QuestNutrition LLC
  • Probar LLC
  • Nutrition Inc. (Pureprotein)
  • Clif Bar & Company
  • The Gatorade Company
  • PowerBar Inc.
  • Abbott Nutrition Manufacturing Inc
  • Hormel Foods Corporation
  • Glaxosmithkline Plc
  • NuGo Nutrition
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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