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Plant-Based Bars Market size was worth more than USD 7 billion in 2022 and is poised to grow at 8% CAGR from 2023 to 2032. Changing dietary preferences and the rising demand for healthy snacks will positively influence the market demand. The rising prevalence of chronic illnesses, lifestyle disorders, and infectious diseases has accelerated consumer interest in healthier snacks and diets.
The rapid adoption of health & fitness trends and the growing number of health-conscious consumers across developed and developing countries will propel the plant-based bars market size. Veganism is set to play a major role in transforming the space of plant-based snacks with significant developments in microalgae food products.
BHU Foods, Probar LLC, Simply Protein, Nugo Nutrition, Risebar, Raw Rev, Gomacro, Orgain, No Cow, and Nutree Life are some of the major companies in the market.
Organic plant-based bars industry size will grow at 10% CAGR between 2023 and 2032, driven by the growing concerns associated with allergies from artificial food additives.
The market size of plant-based bars was surpassed USD 7 billion in 2022 and is register over 8% CAGR from 2023 to 2032.
U.S. market size was worth more than USD 1 billion in 2022, due to the expanding vegan population in the country.