APAC Protein Bars Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.80 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
APAC Protein Bars Market Analysis
The Asia-Pacific protein bar market is projected to register a CAGR of 3.8% during the forecast period, 2020-2025.
- The increasing demand for convenience foods is driving the protein bar market. The major consumers not only include sports athletes, but also those who want to have a wholesome meal without the trouble of cooking. Consumers prefer buying protein bars for various purposes, such as weight management, improving muscle mass, and increasing energy. Furthermore, rising demand for free-from protein bars, such as soy-free, gluten-free, and allergen-free, among others, paired with the clean label is further driving the market growth. For instance, consumers with celiac disease are seeking for gluten-free products.
- Moreover, leading companies are adopting different strategies to compete with the other leading players, based on product offerings, ingredients, price, quality, and marketing activities. The companies are also expanding their distribution channels to maintain their positions in the market, while expanding their consumer reach within the country.
- However, inclination toward other alternative protein-rich diets and high sugar-content in the protein bars are the major factors restraining the market growth.
APAC Protein Bars Market Trends
This section covers the major market trends shaping the APAC Protein Bar Market according to our research experts:
Online Retail Stores to Drive the Regional Market Sales
The online store's platform has established itself as a convenient marketplace, offering a wide range of protein bars, ranging from meal-replacement options to indulgent ones. The primary reason behind the rise in sales, through internet retailing, is the level of convenience it provides for consumers. The consumers find it easy to choose their preferred brands and get vast varieties of flavors and product choices. The robust growth of the e-commerce landscape has offered unprecedented opportunities for protein bar manufacturers. Moreover, the ease of shipping has been further strengthened by the portability factor of protein bars. Furthermore, companies in the market are adopting online retail strategies to reduce costs and increase their margins, which is likely to benefit the market during the forecast period. Prominent online channels, such as Amazon, have reportedly witnessed a surge in the sales of protein bars, contributed by packaging design, label claims, and a repetitive pattern of consumption.
Japan to Drive the Regional Market
In Japan, protein bars are currently one of the fastest nutrition bar categories, as consumers are inclined toward plant-based nutritional products, like protein bars. Therefore, it provides great potential for the manufactures to introduce innovative products, to cater the propelling demand. Moreover, the protein bar caters to a large mass of millennials and young age groups in the country, attributed to the changing consumer preferences and perceived fact of protein bar being superior over other snack bars. With the rise in health-conscious consumers and concerns about obesity, the protein bars category is increasingly drawing interest among Japanese consumers. The Japanese population has traditionally been health conscious and this is expected to continue in the future. More working Japanese men and women are becoming highly health-conscious and have started to eat healthy foods and engage in regular exercise. This is driving the protein bar market in the country.
APAC Protein Bars Industry Overview
The Asia-Pacific protein bar market is competitive and fragmented in nature, owing to the presence of many regional and domestic players. Emphasis is given on the merger, expansion, acquisition, and partnership of the companies, along with new product development, as strategic approaches adopted by the leading companies to boost their brand presence among consumers. Key players dominating the regional market include PepsiCo Inc., The Kellogg Company, Quest Nutrition LLC, General Mills Inc., and Clif Bar & Company, among others.
APAC Protein Bars Market Leaders
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General Mills Inc.
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Clif Bar & Company
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Quest Nutrition, LLC
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PepsiCo, Inc.
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The Kellogg Company
*Disclaimer: Major Players sorted in no particular order
APAC Protein Bars Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Distribution Channel
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5.1.1 Supermarkets/Hypermarkets
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5.1.2 Convenience Stores
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5.1.3 Specialty Stores
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5.1.4 Online Stores
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5.1.5 Other Distribution Channels
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5.2 By Country
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5.2.1 China
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5.2.2 Japan
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5.2.3 India
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5.2.4 Australia
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5.2.5 Rest of Asia-Pacific
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 PepsiCo Inc.
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6.4.2 The Kellogg Company
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6.4.3 Quest Nutrition LLC
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6.4.4 General Mills Inc.
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6.4.5 Clif Bar & Company
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6.4.6 Yogabars
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6.4.7 Naturell India Pvt. Ltd
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6.4.8 MuscleBlaze
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6.4.9 The Nature's Bounty Co.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
APAC Protein Bars Industry Segmentation
The Asia-Pacific protein bar market is segmented by distribution channel into supermarkets/hypermarkets, convenience stores, specialist retail stores, online stores, and other distribution channels. Additionally, the study provides an analysis of the protein bar market in the emerging and established markets across Asia-Pacific, including China, Japan, India, Australia, and Rest of Asia-Pacific.
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
| By Country | |
| China | |
| Japan | |
| India | |
| Australia | |
| Rest of Asia-Pacific |
APAC Protein Bars Market Research FAQs
What is the current Asia-Pacific Protein Bar Market size?
The Asia-Pacific Protein Bar Market is projected to register a CAGR of 3.80% during the forecast period (2024-2029)
Who are the key players in Asia-Pacific Protein Bar Market?
General Mills Inc. , Clif Bar & Company , Quest Nutrition, LLC, PepsiCo, Inc. and The Kellogg Company are the major companies operating in the Asia-Pacific Protein Bar Market.
What years does this Asia-Pacific Protein Bar Market cover?
The report covers the Asia-Pacific Protein Bar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Protein Bar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
APAC Protein Bar Industry Report
Statistics for the 2024 APAC Protein Bar market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. APAC Protein Bar analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
