Yoga Bar Market Expected to Reach USD 4.23 Billion, Registering a CAGR of 9.40% Between 2023 and 2030
Published May 15, 2023
Yoga Bar Market was valued at USD 2.06 Billion in 2022 and is expected to reach USD 4.23 Billion by 2030, registering a CAGR of 9.40% during the forecast period 2023-2030 . In addition to insights on market scenarios such as market value, market reports curated by Data Bridge Market Research including growth rates, segmentation, geographic scope, key players, etc., include in-depth expert analysis, geographically representative It also includes the production and capacity of each company involved, the network layout of distributors and partners, and detailed and up-to-date information. Price trend analysis and supply chain and demand deficit analysis.
The yoga bar market is anticipated to witness significant growth during the forecast period in the region owing to the high nutritional value of these products. In addition, increasing fitness and health awareness and consequent preference for healthy snack products are likely to fuel the market growth. The rising popularity of staple snacks such as yoga bars is expected to replace high-calorie products such as cakes, chocolates and cookies, further boosting market growth.
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yoga bar market trends
Yoga Bar Consumption Increases Among Athletes
Yoga bars are also sports nutrition bars that are very popular with athletes and physically active people. Growing awareness of the importance of staying fit has led to increased participation in sports, sports clubs, fitness clubs, and gyms, which are the major factors contributing to the growth of the yoga bar market.
Yoga bars are also popular because they are an efficient and convenient option for providing instant energy to athletes. Therefore, demand for these products is gaining popularity among athletes.
New Flavors and Ingredients Are Increasing
The growing popularity of exercise and sports activities associated with busy lifestyles, increasing consumer health awareness and changing dietary preferences are forcing major market players to introduce foods with newer ingredients and flavors. It has been.
For example, KIND bars have a wide range of products including Strawberry Press Bars, Strawberry Fruit Bites, Sweet & Spicy Bars and two flavors in one chocolate.
Impact of COVID-19 on yoga bar market
The outbreak of the COVID-19 pandemic has created many opportunities for several private market players to appear in snack products, benefiting yoga bar makers. There is a growing need for innovative snacks in this region due to their convenience of being quick to use, storeable and easily replenishing their energy and nutritional needs. Consumption of yoga bar products, on the other hand, declined due to disruptions in chain supply caused by the pandemic. Therefore, the yoga bar market is expected to rise significantly during the aforementioned forecast period.
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Global Yoga Bar Market Scope
- snack bar
- breakfast bar
- 20g protein bar
- store base
- non-store basis
Yoga Bar Market Regional Analysis/Insights
As mentioned above, the yoga bar market is analyzed to provide market size insights and trends by country, product type and distribution channel.
Asia Pacific dominates the yoga bar market in terms of revenue and market share. This is mainly due to the large Chinese and Indian populations and bar production in the region.
North America is anticipated to be the fastest growing region during the forecast period of 2023-2030, owing to increasing demand for functional foods, meal replacements, luxury goods, and on-the-go snacks in the region. increase.
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Competitive Landscape and Yoga Bar Market Share Analysis
- Kellogg Company (USA)
- General Mills (USA)
- Type (US)
- Cliff Bar & Company (USA)
- Hormel Foods (USA)
- Simply Good Foods Company (USA)
- Mars (USA)
- Premier Nutrition Company, LLC (USA)
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