China Snack Bar Market Share 2021: Global Top Companies, Industry Current Trends, Application, Growth Factors, Development and Forecast to 2023 Research Report
Posted on Dec 8 2021 6:48 AM
"China Snack Bar Market Report Impact analysis of the market dynamics with factors currently driving and restraining the growth of the market, along with their impact in the short, medium, and long-term landscapes. Competitive intelligence from the company profiles, key player strategies, game-changing developments such as product launches and acquisitions. "
Global China Snack Bar Market provides deep Information by vendors, including company overview, company total revenue (financials), market potential, global presence, China Snack Bar sales and revenue generated, market share, price, production sites and facilities, SWOT analysis, product launch. this study provides the China Snack Bar sales, revenue and market share for each player covered in this report. China Snack Bar market is split by Type and by Application. The growth among segments provide accurate calculations and forecasts for sales by Type and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
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China Snack Bar Market report features basic market situations, Product limit, consumption volume, and limit applications. Moreover, the report illuminates the SWOT analysis that should be done by the customers so as to know the Strength, Weaknesses, Opportunities, and Threats of the China Snack Bar industry. It likewise centers around venture practicability investigation, speculation return analysis and different ways to deal with the addition a considerable position in the China Snack Bar Market.The China Snack Bar Market report also covers a detailed comprehension of the major geographies present in the market along with the key segments and sub-segments.
The report focuses on regional development status, which includes the market size, share, and volume. The China Snack Bar Market report presents some of the key data, which would help the stakeholders in the industry besides the analysts and business decision makers. Production, consumption, cost, gross margin, revenue, market share and factors influencing market and CAGR has found its place in the report.
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TheÂ China snack bar marketÂ is expected to reach USD 87.76 million by 2023 witnessing a healthy CAGR during the forecast period 2018-2023. The snack bar is still a niche category in China, which accounts for less than 5% ofÂ Asia-Pacific snack bar market.
Cereal and granola bar accounts for the most significant share of the market, which is expected to register a healthy CAGR during the forecast period. Rising health & wellness population, growing demand for meal replacement and product premiumization and rapidly expanding online retail channel are various factors fueled theÂ snack bar market growth. Chinese have a hunger for western baked goods, such as pastries and biscuits, which affected theÂ snack bar market.
Hunger for Foreign Nutritional Bar
Energy bar saleÂ in China is growing at a faster rate during the forecast period. Energy bar includes sports nutrition bars and snack bars designated to meet both daily and sports nutrition needs. Increased health & wellness trend among young Chinese population is the primary driver accelerating the market growth. Consumer preference for international brand product owing to its high quality and premium positioning on shelves are attracting sales. Consumers continuously refer to US, EU and Australian brand as superior quality. Increased purchasing power in China has further fueled the demand for protein-rich and premium snack products.Â Consumers are likely to spend more on healthy snack products driven by the changing lifestyle and dietary intake. Consumers are increasingly becoming health conscious when it comes to bite in between meals. Featuring healthy benefit with convenience and nutritional component while on-the-go snacking fueled theÂ nutrition bar market.Â Large value packs of granola and muesli bars have increasingly become popular among consumers adding convenience and bulk price.Â Nuts, seeds, and yogurt are the common ingredients in the granola bars while rice bar and soy bar targeting local consumer taste have gained popularity.
Online Retail Channel Driving Urban Population
Chinese have a growing interest in online shopping that provides exciting offers and brands to match changes in their lifestyle. There is a strong appeal for imported goods in China that are widely available in online channels eliminating the need for physical stores. Growing new internet user population in tier-II & tier-III cities offers a promising growth in the rural areas. Convenience, ease of searching, billing, wide selection of products and discounts and promotion fueled theÂ snack bar online sale. Online retail grew faster at a rate of 11.8% during 2012-2017 driven by increased smartphone and internet user penetration.
Supermarket/hypermarket holds a significant share in the distribution channel. Expanding retail chain in the country offer a potential growth opportunity to the market. Convenience Stores is the second largest retail channel in China, which is growing at a faster pace offering a growth opportunity toÂ nutritional bar sale.
May 2017 - Japanese snack company,Â CalbeeÂ launched granola bar, Frugra on Tmall global, aiming the breakfast market in China. The company plans to partner with e-commerce giant Alibaba to tap the growing online sales in the country
The China Snack Bar market is competitive with a large number of International players occupying a major share of the market. Foreign brands comprise innovative products in various flavors and varieties compared to domestic brands. Focus on product innovation incorporating traditional functional ingredients such as acai berries; chia seeds are the key strategy adopted by players to maximize sales.
Major Players - NESTLÃ‰ S.A, NATURE'S BOUNTY CO., WEETABIX LIMITED., PEPSICO, INC., VV GROUP amongst others.
Reasons to Purchase this Report
Analyzing the outlook of the market with the recent trends and Porterâ€™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
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 strategy employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
Customization of the Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs
Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global China Snack Bar Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of China Snack Bar.
Regional Market Analysis:
The China Snack Bar Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global China Snack Bar Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Growing research activities coupled with new product launches.
- High Opportunity in the Industry
- Complications associated with China Snack Bar procedures.
Some Major Points from Toc :-
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness – Porter’s Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.4 Democratic Republic of Congo
6.2 Consumption Analysis (Market Size, Growth and Forecast)
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
6.2.2 North America
126.96.36.199 United States
188.8.131.52 Rest of North America
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
6.2.4 South America
18.104.22.168 Rest of South America
6.2.5 Middle East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
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