Asia-Pacific Snack Bars Market Databank
The Snack Bars market was valued at $20,700.0 Million in 2020, and is projected to reach $26,633.9 Million by 2029 growing at a CAGR of 2.88% from 2021 to 2029. Granola/Muesli segment is expected to be the highest contributor to this market, with $6,658.0 Million in 2020, and is anticipated to reach $8,577.3 Million by 2029, registering a CAGR of 2.90%. Energy and Nutrition segment is anticipated to reach $5,010.7 Million by 2029 with the highest CAGR of 4.24%. Granola/Muesli and Fruit segments collectively expected to account for about 56.2% share of the Snack Bars market in 2020, with the former constituting around 32.2% share. Energy and Nutrition and Breakfast segments are expected to witness significant growth rates at a CAGR of 4.24% and 2.97% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 34.6% in the overall Snack Bars market in 2020, and is anticipated to reach 36.9% by 2029.
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