Leading Snack Bars Application Markets Databank

Leading Snack Bars Application Markets 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. Supermarkets/Hypermarket segment is expected to be the highest contributor to this market, with $9,562.3 Million in 2020, and is anticipated to reach $12,328.9 Million by 2029, registering a CAGR of 2.90%. Online segment is anticipated to reach $5,011.2 Million by 2029 with the highest CAGR of 2.94%. Supermarkets/Hypermarket and Convenience Stores segments collectively expected to account for about 81.3% share of the Snack Bars market in 2020, with the former constituting around 46.2% share. Online and Supermarkets/Hypermarket segments are expected to witness significant growth rates at a CAGR of 2.94% and 2.90% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 64.9% in the overall Snack Bars market in 2020, and is anticipated to reach 65.1% by 2029.