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Plant-Based Bars Market Trends

Report ID: GMI5686
Published Date: May 2023
Report Format: PDF

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Plant-Based Bars Market Trends

Plant-based protein has gained significant popularity over the past few years across Europe on account of the rising consumer intolerance to animal protein. Meat and meat products consumed for their protein content are also considered to have a certain impact on the health of consumers. Meat has a high phosphorous-to-calcium ratio, which causes calcium excretion in the body and can result in bone demineralization. Furthermore, the growing awareness regarding the environmental impact of animal farming is driving consumer shift to healthier and sustainable plant-based foods in several EU countries.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of plant-based bars was surpassed USD 7 billion in 2022 and is register over 8% CAGR from 2023 to 2032.

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.

U.S. market size was worth more than USD 1 billion in 2022, due to the expanding vegan population in the country.

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.