South America Energy Bar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.23 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South America Energy Bar Market Analysis
The South America energy bar market is projected to grow at a CAGR of 5.23% during the forecast period (2020 - 2025).
- Rising health & wellness trends demanding low-calorie health food, consumer preference for snacking, and on-the-go convenient packaging are various factors that fueled the South America energy bar market growth.
- The snack consumption pattern in South America is shifting from high-calorie snacks to protein-rich snacks owing to rising health consciousness. Consumers prefer to snack driven mainly by the busy lifestyles and working population. The concept of high protein in the snack is still underdeveloped due to low consumer awareness about the benefits of protein.
- Expanding distribution channels such as supermarkets, hypermarkets in Argentina and Colombia are further accelerating the growth of energy bars. Economic inflation resulted in the slow volume growth of energy bars. Increased retail value growth is mostly attributed to changing currency rates. Competition from cereal and biscuits are various factors affecting the market sale.
South America Energy Bar Market Trends
This section covers the major market trends shaping the South America Energy Bar Market according to our research experts:
High Potential For Organic Energy Bars
Energy bars fulfill the requirements of proteins, fats, and carbohydrates in the body, and within the market, the demand for organic energy bars is on the rise. Manufacturing organic energy bars include the raw materials which are sourced from those farms where chemical fertilizers and pesticides are not used. Due to increasing awareness regarding the harmful effects of synthetic ingredients used in food processing among consumers across the region, there is a huge demand for organic food products. The wide variety of products offering by market players and the availability of organic energy bars in retail marts and online stores are boosting the growth of the South America organic energy bar market. For instance, brands such as biO2 and Puravida are dedicated to manufacturing and distributing organic energy bars in Brazil.
Brazil Leading The Market in The Region
The energy bar market in Brazil is primarily driven by the increasing number of health-conscious people and the growing market for sports nutrition business. Protein supplements including shakes, powders, and protein bars are mainly consumed by the Brazilians in their quest for the ideal body or to obtain other aesthetic benefits, such as anti-aging. Energy bars with whey protein as the base ingredient is having a major market in Brazil.
However, a major barrier for energy bars in Brazil is the economic factor of the product, which should be more affordable and maintain prices that are more attractive for a normal consumer as consumers also demand larger portion sizes and lower prices.
South America Energy Bar Industry Overview
South America's energy bar market is competitive and is dominated majorly by regional brands operating across Brazil, Colombia, and Argentina. Few of the major players in the market include Probiotica Suplementos, Nutrata, General Mills, Inc., biO2 Organic Comercio de Alimentos Ltda, Integralmedica Supplementos Nutricionais Ltda, Simply Good Foods Co. (Quest Nutrition), Puravida, Atlhetica Nutrition, and others.
South America Energy Bar Market Leaders
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Probiotica Suplementos
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Nutrata
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General Mills, Inc.
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biO2 Organic Comercio de Alimentos Ltda
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Integralmedica Supplementos Nutricionais Ltda
*Disclaimer: Major Players sorted in no particular order
South America Energy Bar Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables and Study Assumptions
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1.2 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 Force 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 Type
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5.1.1 Organic
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5.1.2 Conventional
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5.2 By Distribution Channel
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5.2.1 Supermarkets/Hypermarkets
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5.2.2 Convenience Stores
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5.2.3 Specialist Retailers
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5.2.4 Online Retail
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5.2.5 Other Distribution Channel
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5.3 By Geography
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5.3.1 Brazil
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5.3.2 Argentina
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5.3.3 Colombia
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5.3.4 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Most Adopted Strategies
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6.2 Market Position Analysis
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6.3 Company Profiles
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6.3.1 Probiotica Suplementos
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6.3.2 Nutrata
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6.3.3 General Mills, Inc.
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6.3.4 biO2 Organic Comercio de Alimentos Ltda
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6.3.5 Integralmedica Supplementos Nutricionais Ltda
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6.3.6 Simply Good Foods Co. (Quest Nutrition)
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6.3.7 Puravida
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6.3.8 Atlhetica Nutrition
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
South America Energy Bar Industry Segmentation
The study of South America energy bar market is segmented by type into organic and conventional; and by distribution channel, as supermarkets/hypermarkets, convenience stores, specialist retailers, online retail and other distribution channels. It also provides an analysis of the market studied in the emerging and established countries of the region, including Brazil, Argentina, Colombia, and Rest of South America.
| By Type | |
| Organic | |
| Conventional |
| By Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialist Retailers | |
| Online Retail | |
| Other Distribution Channel |
| By Geography | |
| Brazil | |
| Argentina | |
| Colombia | |
| Rest of South America |
South America Energy Bar Market Research FAQs
What is the current South America Energy Bar Market size?
The South America Energy Bar Market is projected to register a CAGR of 5.23% during the forecast period (2024-2029)
Who are the key players in South America Energy Bar Market?
Probiotica Suplementos, Nutrata, General Mills, Inc., biO2 Organic Comercio de Alimentos Ltda and Integralmedica Supplementos Nutricionais Ltda are the major companies operating in the South America Energy Bar Market.
What years does this South America Energy Bar Market cover?
The report covers the South America Energy Bar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the South America Energy Bar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
South America Energy Bar Industry Report
Statistics for the 2024 South America Energy bar market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. South America Energy bar analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
