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The Spain Energy Bar market is expected to reach USD 7.38 million by 2023, witnessing a stable CAGR over the forecast period. Energy Bar consumption volume in the region surpassed 240 thousand Kg in 2017.
Growing demand for health & wellness snack bar is the primary driver for the market. Energy bar market includes sports nutrition bars and snack bars designated to meet both daily and sports nutrition needs. Increased demand for meal replacement and on-the-go snacking are various factors fueled the energy bar market growth.
Innovative Products and Packaging Driving Sales
Recently a supermarket, Carrefour offered insect-based energy bar for Spanish consumers leveraging the protein potential in insects to meet global demand. The product is available eco-friendly packaging with an attempt to reduce environmental impact. Besides, the insect-based product claims to reduce the greenhouse emission by 99%. Health & Wellness is the key trend driving energy bar sale. Clean label and natural & organic claim are increasingly growing popularity among consumers. Product launch with various label claim, such as “no artificial additive,” “high or added fiber” and “reduced sugar” achieved strong growth in the past five years.
Variety Stores Growing Faster
Convenience stores and Supermarkets and Hypermarkets led the sale with a combined share of more than 85% in the distribution channel. Variety food stores recorded the fastest growth in the energy bar retail sales driven by wide product offerings. Online sales is another fastest growing channel for the energy bar sales driven by multiple brands availability and convenience.
Key Developments
• April 2018 - French start-up Jimini’s launched insect based high protein snacks and cereal products in Spain including Jimini’s Protein energy bars. The product is designed bets suitable for gym going population and to be consumed during breakfast
The Spain Energy Bar market is competitive with large number of existing multinational players. Innovative product launch and clean label ingredients are the various strategy adopted by these players. Private label brands provides tough competition to the existing players with their flavored product offerings.
Major players include - ABBOTT LABORATORIES, NESTLÉ S.A., BARRETTE PROTEICHE GLUCIDI, POWER BAR EUROPE GMBH, and NUTRITION & SANTÉ SAS amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics scenario, 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 strategies 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
Growing demand for health & wellness snack bar is the primary driver for the market. Energy bar market includes sports nutrition bars and snack bars designated to meet both daily and sports nutrition needs. Increased demand for meal replacement and on-the-go snacking are various factors fueled the energy bar market growth.
Innovative Products and Packaging Driving Sales
Recently a supermarket, Carrefour offered insect-based energy bar for Spanish consumers leveraging the protein potential in insects to meet global demand. The product is available eco-friendly packaging with an attempt to reduce environmental impact. Besides, the insect-based product claims to reduce the greenhouse emission by 99%. Health & Wellness is the key trend driving energy bar sale. Clean label and natural & organic claim are increasingly growing popularity among consumers. Product launch with various label claim, such as “no artificial additive,” “high or added fiber” and “reduced sugar” achieved strong growth in the past five years.
Variety Stores Growing Faster
Convenience stores and Supermarkets and Hypermarkets led the sale with a combined share of more than 85% in the distribution channel. Variety food stores recorded the fastest growth in the energy bar retail sales driven by wide product offerings. Online sales is another fastest growing channel for the energy bar sales driven by multiple brands availability and convenience.
Key Developments
• April 2018 - French start-up Jimini’s launched insect based high protein snacks and cereal products in Spain including Jimini’s Protein energy bars. The product is designed bets suitable for gym going population and to be consumed during breakfast
The Spain Energy Bar market is competitive with large number of existing multinational players. Innovative product launch and clean label ingredients are the various strategy adopted by these players. Private label brands provides tough competition to the existing players with their flavored product offerings.
Major players include - ABBOTT LABORATORIES, NESTLÉ S.A., BARRETTE PROTEICHE GLUCIDI, POWER BAR EUROPE GMBH, and NUTRITION & SANTÉ SAS amongst others.
Reasons to Purchase this Report
• Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
• Market dynamics scenario, 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 strategies 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
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