San Francisco — Worldwide snack bar sales are anticipated to reaching $31.6 billion by 2025, representing a CAGR of 6.64 percent, according to Grand View Research, Inc.
Changing consumer lifestyles and food patterns are expected to drive demand in the market, according to the research company.
While supermarkets and hypermarkets have a dominant market share in snack bars, Grand View reports online outlets will have the fastest growth during the forecast period.
North America is expected to make up a lion share of global snack bar sales through 2025. However, Asia-Pacific markets will experience the fastest growth because of rising popularity of sports as career options and increasing disposable incomes, according to the market research company.