US Nut and Snack Bars Market by Product Type (Energy Bars, Protein Bars, Cereal Bars, Nut Bars), By Calorie Content (Regular, Low Calorie, Sugar Free), By Flavor (Regular, Flavor), By Nature (Organic, Conventional), By Size. (1.5-2, 5 oz, 2.6-3.5 oz, 3.6-5.5 oz, 5.5 oz and more), By distribution channel (supermarkets/hypermarkets, convenience stores, specialty stores, online stores, etc.)by region (North America, Latin America, Europe, Asia Pacific and Middle East and Africa) - Industry Trends and Forecast to 2030.
US Nut and Snack Bars Market
The nuts and snacks market are expected to reach USD 16,204.19 million by 2030, which will reach USD 7,670.22 million in 2022, registering a CAGR of 8.9% during the forecast period 2023-2030.
Nut and snack is a type of snack that is obtained from the combination of two or more foods, mainly dried fruits, which have a certain nutritional value and taste. There are several methods used in their preparation such as mixing, moulding and baking. Nuts and snack bars use many ingredients, consisting mainly of staples such as rice, oats, wheat, corn, granola, hazelnuts, cashews, almonds, and walnuts, as well as minerals, milk, vitamins, and sweeteners.
Market Drivers
Add new flavours and ingredients. The growing popularity of sports and athletic activities and the fast-paced lifestyle, growing health awareness of consumers and changing eating habits are forcing major market participants to introduce food products with newer ingredients and flavours to the market. Growth in demand for organic bars. Organic bars, which contain nuts, oats and other natural ingredients, are among the categories with significant organic claims in the United States. Nuts and snacks are also part of organic bars. Thanks to effective distribution strategies and a wide selection, the Nature Valley and KIND brands are leading brands in the nut and snack market. Organic bars are part of breakfast and are often eaten as a quick and convenient breakfast. Because of the health benefits of nuts and bars, consumers are consuming more of these products.
Market Restraints
The rise in food allergies due to certain foods is one of the major factors that may hinder the growth of the market during the forecast period of 2023-2030. Many regulations on certain ingredients are also predicted to curb the growth of the US nut and snack market. This Nuts and Snack Bars market report includes information on new recent developments, trade regulations, import and export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities for new revenue sources, market changes. regulations, strategic market growth analysis, market size, category market growth, application niches and governance, product approvals, product launches, geographic expansions, technological innovations in the market. The rise in food allergies due to certain foods is one of the major factors that may hinder the growth of the market during the forecast period of 2022-2030. Many regulations on certain ingredients are also predicted to curb the growth of the US nut and snack market.
Market Opportunities
Growing demand for nuts and snacks due to several benefits. Nut and snack bars are in high demand and constantly growing due to their convenience, aided by disposable packaging that protects and prevents the nut and snack from touching your hands and keeps them clean for immediate action. According to the United States Department of Agriculture (USDA), consumers in the United States spend more than half of their food budget on convenience foods such as nuts and snacks. In the United States, many consumers prefer nuts and snacks to regular meals to satisfy hunger. Nuts and bars are good for health because they provide energy and a lot of nutrients. Consequently, the growing demand for nuts and bars due to their multiple benefits creates lucrative opportunities for market growth.
Impact of COVID19
The outbreak of the COVID-19 pandemic has created many opportunities for several private sector players to enter the snack food market, which has benefited manufacturers of nuts and snack bars. The need for innovative snacks in this region is high due to their rapid ease of use, storage and simple energy and nutritional needs. In contrast, consumption of nuts and snack products declined during the pandemic due to supply chain failures.
Market segmentation
US Nut and Snack Bars Market is segmented by Product Type, By Calorie Content, By Flavor, By Nature, By Size, By distribution channel
Based on the by Product Type market is segmented into Energy Bars, Protein Bars, Cereal Bars, Nut Bars. Further Market is segmented into By Calorie Content market segmented into Regular, Low Calorie, Sugar Free. By Flavor market is segmented into Regular, Flavor. By Nature, market is segmented into Organic, Conventional. By Size market is segmented into 1.5-2, 5 oz, 2.6-3.5 oz, 3.6-5.5 oz, 5.5 oz. By distribution channel market is segmented into supermarkets/hypermarkets, convenience stores, specialty stores, online stores.
Regional Analysis
US Nut and Snack Bars Market is segmented into region are United States, Canada and Mexico in North America, Latin, America, Europe, Asia pacific, and middle east and Africa. North Americans are progressively becoming health conscious, generating the demand for healthy foods. The region's snack and cereal bar manufacturers are successfully meeting the rising consumer demand for nutritious dietary snacks.
Key Players
Various key players are listed in this report such as Kellogg Co, General Mills Inc., KIND, Clif Bar & Company, Hormel Foods, THE HERSHEY COMPANY, The Simply Good Foods Company, Mars, Incorporated, Premier Nutrition Company, Abbott.
Market Taxonomy
By Product Type
• Energy Bars
• Protein Bars
• Cereal Bars
• Nut Bars
By Calorie Content
• Regular
• Low Calorie
• Sugar Free
By Flavor
• Regular
• Flavor
By Nature
• Organic
• Conventional
By Size
• 1.5-2
• 5 oz
• 2.6-3.5 oz
• 3.6-5.5 oz
• 5.5 oz
By Distribution channel
• supermarkets/hypermarkets
• convenience stores
• specialty stores
• online stores
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in US Nut and Snack Bars Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
US Nut and Snack Bars Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 US Nut and Snack Bars Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing Economic Downturn
4.2.6 Post Covid-19 World supply and Demand Condition
4.2.7 Cumulative Impact of Russia Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 US Nut and Snack Bars Market, By Product Type
5.1 Y-o-Y Growth Comparison, By Product Type
5.2 US Nut and Snack Bars Market Share Analysis, By Product Type
5.3 US Nut and Snack Bars Market Size and Forecast, By Product Type
5.3.1 Energy Bars
5.3.2 Protein Bars
5.3.3 Cereal Bars
5.3.4 Nut Bars
6 US Nut and Snack Bars Market, By Calorie Content
6.1 Y-o-Y Growth Comparison, By Calorie Content
6.2 US Nut and Snack Bars Market Share Analysis, By Calorie Content
6.3 US Nut and Snack Bars Market Size and Forecast, By Calorie Content
6.3.1 Regular
6.3.2 Low Calorie
6.3.3 Sugar Free
7 US Nut and Snack Bars Market, By Flavor
7.1 Y-o-Y Growth Comparison, By Flavor
7.2 US Nut and Snack Bars Market Share Analysis, By Flavor
7.3 US Nut and Snack Bars Market Size and Forecast, By Flavor
7.3.1 Regular
7.3.2 Flavor
8 US Nut and Snack Bars Market, By Nature
8.1 Y-O-Y Growth Comparison, By Nature
8.2 US Nut and Snack Bars Market Share Analysis, By Nature
8.3 US Nut and Snack Bars Market Size and Forecast, By Nature
8.3.1 Organic
8.3.2 Conventional
9 US Nut and Snack Bars Market, By Size
9.1 Y-O-Y Growth Comparison, By Size
9.2 US Nut and Snack Bars Market Share Analysis, By Size
9.3 US Nut and Snack Bars Market Size and Forecast, By Size
9.3.1 1.5-2
9.3.2 5 oz
9.3.3 2.6-3.5 oz
9.3.4 3.6-5.5 oz
9.3.5 5.5 oz
10 US Nut and Snack Bars Market, By Distribution channel
10.1 Y-O-Y Growth Comparison, By Distribution channel
10.2 US Nut and Snack Bars Market Share Analysis, By Distribution channel
10.3 US Nut and Snack Bars Market Size and Forecast, By Distribution channel 10.3.1supermarkets/hypermarkets
10.3.2convenience stores
10.3.3specialty stores
10.3.4online stores
11 US Nut and Snack Bars Market, By Region
11.1 US Nut and Snack Bars Market Share Analysis, By Region
11.2 US Nut and Snack Bars Market Share Analysis, By Region
11.3 US Nut and Snack Bars Market Size and Forecast, By Region
12 North America US Nut and Snack Bars Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 North America US Nut and Snack Bars Market Share Analysis, By Product Type
12.3 North America US Nut and Snack Bars Market Size and Forecast, By Calorie Content
12.4 North America US Nut and Snack Bars Market Size and Forecast, By Flavor
12.5 North America US Nut and Snack Bars Market Size and Forecast, By End-User
12.6 North America US Nut and Snack Bars Market Size and Forecast, By Size
12.7 North America US Nut and Snack Bars Market Size and Forecast, By Distribution channel
12.8 North America US Nut and Snack Bars Market Size and Forecast, By Country
12.8.1 U.S.
12.8.2 Canada
12.8.3 Mexico
13 Europe US Nut and Snack Bars Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Europe US Nut and Snack Bars Market Share Analysis, By Product Type
13.3 Europe US Nut and Snack Bars Market Size and Forecast, By Nature
13.4 Europe US Nut and Snack Bars Market Size and Forecast, By Flavor
13.5 Europe US Nut and Snack Bars Market Size and Forecast, By Nature
13.6 Europe US Nut and Snack Bars Market Size and Forecast, By Size
13.7 Europe US Nut and Snack Bars Market Size and Forecast, By Distribution channel
13.8 Europe US Nut and Snack Bars Market Size and Forecast, By Country
13.8.1 Germany
13.8.2 France
13.8.3 UK
13.8.4. Rest of Europe
14 Asia Pacific US Nut and Snack Bars Market Analysis and Forecast (2023-2030)
14.1 Introduction
14.2 Asia Pacific US Nut and Snack Bars Market Share Analysis, By Product Type
14.3 Asia Pacific US Nut and Snack Bars Market Size and Forecast, By Nature
14.4 Asia Pacific US Nut and Snack Bars Market Size and Forecast, By Flavor
14.5 Asia Pacific US Nut and Snack Bars Market Size and Forecast, By Nature
14.6 Asia Pacific US Nut and Snack Bars Market Size and Forecast, By Size
14.7 Asia Pacific US Nut and Snack Bars Market Size and Forecast, By Distribution channel
14.8 Asia Pacific US Nut and Snack Bars Market Size and Forecast, By Country
14.8.1 China
14.8.2 Japan
14.8.3 India
14.8.4. Rest of Asia Pacific
15 Latin America US Nut and Snack Bars Market Analysis and Forecast (2023-2030)
15.1 Introduction
15.2 Latin America US Nut and Snack Bars Market Share Analysis, By Product Type
15.3 Latin America US Nut and Snack Bars Market Size and Forecast, By Nature
15.4 Latin America US Nut and Snack Bars Market Size and Forecast, By Flavor
15.5 Latin America US Nut and Snack Bars Market Size and Forecast, By Nature
15.6 Latin America US Nut and Snack Bars Market Size and Forecast, By Size
15.7 Latin America US Nut and Snack Bars Market Size and Forecast, By Distribution channel
15.8 Latin America US Nut and Snack Bars Market Size and Forecast, Country
15.8.1. Brazil
15.8.2. Rest of Latin America
16 Middle East US Nut and Snack Bars Market Analysis and Forecast (2023-2030)
16.1 Introduction
16.2 Middle East US Nut and Snack Bars Market Share Analysis, By Product Type
16.3 Middle East US Nut and Snack Bars Market Size and Forecast, By Nature
16.4 Middle East US Nut and Snack Bars Market Size and Forecast, By Flavor
16.5 Middle East US Nut and Snack Bars Market Size and Forecast, By Nature
16.6 Middle East US Nut and Snack Bars Market Size and Forecast, By Size
16.7 Middle East US Nut and Snack Bars Market Size and Forecast, By Distribution channel
16.8 Middle East US Nut and Snack Bars Market Size and Forecast, By Country
16.8.1. Saudi Arabia
16.8.2. UAE
16.8.3. Egypt
16.8.4. Kuwait
16.8.5. South Africa
17 Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 Kellogg Co
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2. General Mills Inc.
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3. KIND
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 Clif Bar & Company
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 Hormel Foods
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 THE HERSHEY COMPANY
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Mars, Incorporated
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies
18.8 Premier Nutrition Company
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 Abbott
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
