Granola Market Analysis, Share, Industry, Opportunities 2031
Granola Market Analysis, Share, Industry, Opportunities 2031
Segments - Granola Market by Product Types (Baked Goods, Trail Mix, Cereal, Bar, and Fruit Crisps), Origin (Conventional and Organic), Distribution Channels (Online Stores, Supermarket/Hypermarket, Specialty Stores, Convenience Stores, and Other Retail Formats), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :FB-3955
| 4.4 Rating
| 85 Reviews
| 174 Pages
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Report Description
The Global Granola Market size was valued at USD 8.9 Billion in 2022 and is expected to surpass USD 11.61 Billion by 2031, expanding at a CAGR of 3% during the forecast period, 2023 – 2031. Granola bars are a type of delicious baked snack made from a diverse variety of dried fruits, honey, cereals, puffed rice, and several other components.
Granola bars are convenient to transport and use by customers who participate in outdoor activities. They are sometimes combined with other foods such as ice creams, pastries, and yoghurt bars because they include critical elements including proteins, vitamins, and minerals that are ingested in the middle of meals. Consumers regard granola as a preferable source of proteins, vitamins, and fiber.
Granola Market Trends, Drivers, Restraints, and Opportunities
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Consumers growing knowledge of the necessity of eating healthy foods is expected to enhance granola demand and propel the granola market.
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Availability of different types of granola products and rising demand for granola bar among consumers are expected to drive the market.
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Granola includes an excessive number of calories and sugars, it has been linked to obesity, type 2 diabetes, heart disease, and some malignancies, which are anticipated to hinder the granola market.
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Granola bars are considered a trending industry, with numerous franchisers building stores and offering a broad variety of granola bars, which drives the granola bars market.
Scope of Granola Market Report
The report on granola market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes |
Details |
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Report Title |
Granola Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Product Types (Baked Goods, Trail mix, Cereal, Bar, and Fruit Crisps), Origin (Conventional and Organic), Distribution Channels (Online Stores, Supermarket/Hypermarket, Specialty Stores, Convenience Stores, and Other Retail Formats) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
PepsiCo Inc.; The Kellogg Company; The Quaker Oats Company Inc.; Noble Foods Ltd.; Bakery Barn Inc; Olympia Granola Inc; Clif Bar & Company; Sunny Crunch Foods Ltd; Nestle S.A.; Kraft Foods Group Inc.; Conagra Brands Inc.; Hearthside Food Solutions LLC; Slim Fast Nutritional Food LLC; Bridgetown Natural Food; Nature Valley; and Standard Functional Foods Group Inc. |
Granola Market Segment Insights
The bar segment is projected to hold significant market share
In terms of product types, the granola market can be categorized into baked goods, trail mix, cereal, bar, and fruit crisps. The bar segment held a considerable market share in 2020. Granola bar is made by pressing granola mixed with honey or artificial syrup and baking it in a bar, which is convenient for light meals on the go. Granola Bar is packaged in a sealed pouch to keep it fresh and easy to handle for later consumption.
The organic segment held substantial market share in 2020
Based on origin, the granola market can be bifurcated into conventional & organic. The organic segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. As organic products are considered healthier and purer, increasing consumer acceptance of organic label products is expected to support segment during the forecast period.
The supermarket/hypermarket segment to grow during the forecast period
Based on distribution channels, the market can be segregated into online stores, supermarket/hypermarket, specialty stores, convenience stores, and other retail formats. The supermarket/hypermarket segment is expected to hold a significant share of the market during the forecast period.
North America to dominated the global market in 2020
In terms of regions, the granola market can be split into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America constituted a significant share of the market in 2020 due to availability of different types of granola products and increasing daily consumption of granola for breakfast.
Segments
The granola market has been categorized on the basis of
Product Types
- Baked Goods
- Trail mix
- Cereal
- Bar
- Fruit crisps
Origin
- Conventional
- Organic
Distribution Channels
- Online Stores
- Supermarket/Hypermarket
- Specialty Stores
- Convenience Stores
- Other Retail Formats
Regions
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Players
- PepsiCo Inc.
- The Kellogg Company
- The Quaker Oats Company Inc.
- Noble Foods Ltd.
- Bakery Barn Inc
- Olympia Granola Inc
- Clif Bar & Company
- Sunny Crunch Foods Ltd
- Nestle S.A.
- Kraft Foods Group Inc.
- Conagra Brands Inc.
- Hearthside Food Solutions LLC
- Slim Fast Nutritional Food LLC
- Bridgetown Natural Food
- Nature Valley
- Standard Functional Foods Group Inc.
Competitive Landscape
Key players in the granola market include PepsiCo Inc.; The Kellogg Company; The Quaker Oats Company Inc.; Noble Foods Ltd.; Bakery Barn Inc; Olympia Granola Inc; Clif Bar & Company; Sunny Crunch Foods Ltd; Nestle S.A.; Kraft Foods Group Inc.; Conagra Brands Inc.; Hearthside Food Solutions LLC; Slim Fast Nutritional Food LLC; Bridgetown Natural Food; Nature Valley; and Standard Functional Foods Group Inc. These players are engaged in mergers, acquisitions, collaborations, agreements, and partnerships to strengthen their geographic presence.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Granola Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Granola Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Granola Market - Supply Chain
4.5. Global Granola Market Forecast
4.5.1. Granola Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Granola Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Granola Market Absolute $ Opportunity
5. Global Granola Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Granola Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Granola Demand Share Forecast, 2019-2026
6. North America Granola Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Granola Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Granola Demand Share Forecast, 2019-2026
7. Latin America Granola Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Granola Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Granola Demand Share Forecast, 2019-2026
8. Europe Granola Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Granola Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Granola Demand Share Forecast, 2019-2026
9. Asia Pacific Granola Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Granola Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Granola Demand Share Forecast, 2019-2026
10. Middle East & Africa Granola Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Granola Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Granola Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Granola Market: Market Share Analysis
11.2. Granola Distributors and Customers
11.3. Granola Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. PepsiCo Inc.
11.4.2. The Kellogg Company
11.4.3. The Quaker Oats Company Inc.
11.4.4. Noble Foods Ltd.
11.4.5. Bakery Barn Inc
11.4.6. Olympia Granola Inc
11.4.7. Clif Bar & Company
Methodology
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