The North America Cereal Bar Market would witness market growth of 7.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 371.8 million units, showcasing a growth of 6.5% (2019-2022).
Manufacturers are experimenting with exotic fruit combinations to add freshness and uniqueness. Mango and coconut, pineapple and passion fruit, or acai berry with blueberry are compelling combinations that cater to consumers seeking adventurous flavor experiences.
Furthermore, infusing spices and herbs into this adds a savory and aromatic dimension. Cinnamon, ginger, and even turmeric is finding their way into formulations, appealing to consumers who appreciate a hint of warmth and complexity in their snacks. Capitalizing on the comfort associated with desserts, manufacturers craft cereal bars that mimic the flavors of classic desserts. From chocolate brownies to cookies and cream, these options provide a guilt-free way to indulge in sweet cravings.
As per the data from the International Trade Administration, in March 2022, e-commerce sales amounted to approximately US$2.34 billion. Retail eCommerce sales are estimated to total US$40.3 billion by 2025. Hence, rising fitness and e-commerce trends in North America will assist in the expansion of the regional market.
The US market dominated the North America Cereal Bar Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $4,163.2 Million by 2030. The Canada market is registering a CAGR of 10% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 9% during (2023 - 2030).
Free Valuable Insights: The Cereal Bar Market is Predict to reach $21.1 Billion by 2030, at a CAGR of 7.7%
Based on Distribution Channel, the market is segmented into Hypermarket & Supermarket, Food Specialty Stores, Online, and Convenience Stores & Others. Based on Product Type, the market is segmented into Snacks Bar, Energy & Nutrition Bars, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
By Distribution Channel (Volume, Million Units, USD Billion, 2019-2030)
By Product Type (Volume, Million Units, USD Billion, 2019-2030)
By Country (Volume, Million Units, USD Billion, 2019-2030)
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