Nutritional and Functional Bars Expected to Grow Into the Billions
As populations become more health conscious, demand for functional foods and beverages is forecast to grow
WELLESSLEY, Mass., January 29, 2021 (Newswire.com) - The functional food industry is growing rapidly. Factors contributing to this growth include: the link between diet and health; the increasing number of FDA-approved statements on packages that explain the link between functional ingredients and better health; and the barrage of media attention on the relationship between healthful eating and healthier living, according to the BCC Research report, Global Nutritional/Functional Bars Market.
Increasing consumer demand for nutritional bars is helping companies in the functional food industry position themselves globally through the launch of new and innovative products. Regulatory authorities in different countries are now setting standards and regulations for the promotion of safe and healthy nutritional/functional bars.
Report Highlights
- The global nutritional/functional bars market should reach USD 1.7 billion by 2025 from USD 1.2 billion in 2020 at a compound annual growth rate (CAGR) of 6.8%.
- Protein bars are expected to grow from USD 685.9 million in 2020 to USD 950.3 million in 2025 at a CAGR of 6.7%.
- Analysis of key market players: Kraft Foods, Nestle Nutrition and Attune Foods.
Read the full report here: https://corporate.bccresearch.com/market-research/food-and-beverage/nutrition-bars-market.html
About BCC Research
BCC Research publishes market research reports that provide organizations with intelligence to drive smart business decisions. By partnering with industry experts worldwide, BCC Research provides unbiased measurements and assessments of global markets covering current and emerging industrial and technology sectors. For more information about BCC Research, visit bccresearch.com.
Source: BCC Research
