Functional Bar Market Is Likely to Experience a Tremendous Growth...

Functional Bar Market Is Likely to Experience a Tremendous Growth by 2031

Posté 2024-07-09 07:44:24

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Functional bar market is estimated to grow at a CAGR of nearly 3.9% during the forecast period. Functional bars are convenient on-the-go snacks that contain a high proportion of proteins to carbohydrates/fats. It is a primary source of protein as well as other nutrients. Proteins offered by functional bars support increasing protein synthesis, muscle mass and keep fat off. Proteins perform many functions in the human body including cell and tissue repair, the formation of hormones and enzymes, maintaining fluid balance along providing energy. The source of isolated proteins in protein bars is soy, oats, meat, and nuts, among others.

A growing number of health-conscious people across the globe include favoring the intake of several types of functional bars available on the market. Meal-replacement bars have better growth prospects. This is likely to drive the functional bars market during the forecast period, as more individuals are expected to eat functional bars regularly as a result of the appealing product offerings with added health advantages. Some major confectionery companies have made their foods useful by adding high protein ingredients to enhance per-unit protein servings to attract new customers while keeping old ones.

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Market Coverage

Market number available for – 2023-2031
Base year- 2023
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others

Functional Bar Market Segmentation

By Product