Global Protein Bar Increases Consumption Value is 1146.51 million USD in 2016
Friday, 26 Oct, 2018
The global consumption value of Protein Bar increases from 910.71 million USD in 2012 to 1146.51 million USD in 2016, at a CAGR of more than 5.93%. In 2016, the global Protein Bar consumption market is led by USA and USA is the largest region consumption market, accounting for about 60.03% of global consumption of Protein Bar.
Protein Bar downstream is wide and recently Protein Bar has acquired increasing significance in various fields of Bodybuilders, Pro/Amateur Athletes and others. Globally, the Protein Bar market is mainly driven by growing demand for Bodybuilders and Pro/Amateur Athletes. Bodybuilders and Pro/Amateur Athletes accounts for nearly 87.22% of total downstream consumption of Protein Bar in global.
Protein Bar can be mainly divided into Low Protein, Medium Protein and High Protein which Medium Protein captures about 49.03% of Protein Bar market in 2016. According to our research and analysis, manufacturers from USA are the major leaders in the international market of Protein Bar.
Global market is expected to witness significant growth on account of rising applications, so in the next few years, Protein Bar consumption will show a trend of steady growth. In 2023 the consumption value of Protein Bar is estimated to be 1839.45 million USD. On product prices, the slow downward trend in recent years will maintain in the future.
Protein Bar is still in its early development stage, there is huge development space and market to explore. Investing in this industry is feasible and wise choice.