Australia & New Zealand Dried Fruits MARKET By Application
| Label | USD Billion |
|---|---|
| 2018 | 70.24086242865711 USD Billion |
| 2019 | 74.25199603342644 USD Billion |
| 2020 | 75.56548434766766 USD Billion |
| 2021 | 71.11203950680238 USD Billion |
| 2022 | 75.76938965379206 USD Billion |
| 2023 | 77.6297078140304 USD Billion |
| 2024 | 79.17786091174987 USD Billion |
| 2025 | 79.94500297710559 USD Billion |
| 2026 | 80.40926172874165 USD Billion |
| 2027 | 80.64623368077433 USD Billion |
| 2028 | 81.64777062800516 USD Billion |
| 2029 | 83.12495332166989 USD Billion |
| 2030 | 84.10536208643738 USD Billion |
| 2031 | 87.6233936761174 USD Billion |
| 2032 | 90.60780101651662 USD Billion |
Data Source: Wantstats Repository
Market Dynamics
In India, the energy bar market has seen significant growth over the past few years, driven by the growth of the health and wellness trend. The market is expected to continue to expand in both size and revenue in the coming years. The trends in energy bars are driven by health consciousness and convenience. The demand for healthier snacks has increased over the years, and energy bars are a great convenient option for the busy lifestyle of many Indians. Energy bars also have strong appeal for athletes, as they provide an energy source before or after a workout or race. Additionally, energy bars are a great snack option for children, due to their convenience size and flavor options. The ingredients used to make energy bars have also changed in recent years. Companies are now making use of natural and organic ingredients, such as nuts, seeds, fruits, and oats. Aspergillus oryzae, a traditional ingredient used in Japan, is now finding its way into energy bars, highlighting the increasing demand for alternative protein sources. In India, the market for energy bars is still in a nascent stage.
The market is highly concentrated and is dominated by a few large players, such as Kellogg’s, Nestlé, and GlaxoSmithKline. On the other hand, there are also a few smaller, local players offering organic and free-from (gluten, crash and nut free) energy bars. The future of the energy bar market in India is likely to remain positive. As people become more aware of the importance of a healthy diet, the demand for convenient healthy snacks is likely to remain strong. Companies would be wise to invest and innovate in order to stay ahead of the curve. With more natural and organic options, along with innovative flavor profiles, energy bars companies can expect to remain successful in the Indian market as we move into the coming years.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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