| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 5.19 % |
| 乐鱼体育官网 Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
South East Asia Snack Bars 乐鱼体育官网 Analysis
The South East Asia Snack Bar 乐鱼体育官网 is expected to register a CAGR of 5.19% during the forecast period.
- There has been increasing demand from the South Asian consumers for the convenient and healthy on-the-go snack options,as most of the consumers in this region are experiencing fast-paced, active lifestyles. Therefore, the changing lifestyle, the increasing number of vistors visiting these countries, consumption of smaller meals at anytime of the day, is driving the consumption of snack bars in these countries, as they fullfill the apetitite, provide healthier eating option, and moreover are a value of money.
- A major factor restraining the growth of the snack bar in the South East Asian countries is the high price of these bars and lower consumer awareness, when compared to alternative snacks and other confectionery products. Consumer preference for clean-label ingredients is evidently high. Snack bar has opportunities within functional ingredients, reduced sugar, savory spins, and plant proteins in the region studied.
South East Asia Snack Bars 乐鱼体育官网 Trends
Propensity to Consume Convenient and Healthy On-the-go Meal and Snack Options
The demand for convenience foods is growing at a faster pace in the South Asian economies, owing to the changes in social and economical patterns, as well as increase in urbanization, buying power and awareness about health foods, changes in meal pattern and existing food habits, and the desire to taste new products. Therefore, the snack bars are becoming extremely popular, especially among the working classpeople, teenage children, people living in hostels, bachelors, and so on residing the country.
Moroever, snacking in Southeast Asia is also considered as a moment for sharing with family and friends, thus creating opportunities to adjust packaging for single serves for snacking in between meals or family-size packs for sharing, thereby driving the the snack bar 乐鱼体育官网 forward in the overall Asian region.
In fact, snacking is a large and growing behavior around the world , with around USD 1.2 trillion spent on snacking products every year (As per Mondel膿z International). Therefore, the snacking products are predicted to grow at a faster rate, thus driving the 乐鱼体育官网 studied further.
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Flavour Innovations
Basic granola and breakfast/cereal bar sales are declining, and energy bars and fruit bars are taking the lead. While good-for-you ingredients like chia, quinoa, flax, spirulina, and hemp are increasing, beloved tastes like chocolate, nuts, coconut, and apple are even more popular all in the South East Asian countries. For instance Yogood, as snack bar brand from Malaysia, provides their snack bar range of products in different flavors such as CranberryMango, BlueberryCranberry, Choc&Nut, Strawberry, Wildberry, Chocolate Drizzle, and others, so as to induce more consumer to purchase their products.
Moreover, savory flavors and descriptors, such as spicy and salty, are on the rise. Ethnic flavors also continue to gain traction, as societies becomes more diverse, and world travel more common, particularly in the South Asian countries.
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South East Asia Snack Bars Industry Overview
The South East Asia snack bar 乐鱼体育官网 is competitive 乐鱼体育官网, where both regional and global players are selling their products in these countries. Some of the major companies operating in the 乐鱼体育官网 are General Nutrition Centers, Inc., PRISTINE, and General Mills, Inc.
In an effort to add variety and generate interest, there were new entrants into snack bars during the previous years, in the region studied. For instance, Mondelez Philippines launched its Belvita brand of cereal bars in 2018.
Moreover, companies such as Amerta Indah Otsuka, continues to dominate snack bars with its wide distribution channel, intensive product 乐鱼体育官网ing, and new product launches in Indonesia. In 2019 its retail value share increased again, owing to the double-digit growth of its Soy Joy brand in protein/energy bars.
South East Asia Snack Bars 乐鱼体育官网 Leaders
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General Nutrition Centers, Inc.
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PRISTINE
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Amway Corp.
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GRANOVA
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The Hut.com Limited (Myprotein)
- *Disclaimer: Major Players sorted in no particular order
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South East Asia Snack Bars Industry Segmentation
South East Asia snack bars 乐鱼体育官网 is segmented by product type into, cereal bar, energy bars, and other snack bars. Cereal bar is further segmented into granola/muesli bar and other cereal bars. By distribution channel, the global snack bars 乐鱼体育官网 is segmented into super乐鱼体育官网s/hyper乐鱼体育官网s, convenience stores, online stores, and others. Based on South East Asia countries, the 乐鱼体育官网 is segmented into Indonesia Malaysia, Myanmar, Philippines, Singapore, Thailand, Vietnam, and the Rest of South East Asian countries.
| By Product Type | Cereal Bar | Granola/Muesli Bars |
| Other Cereal Bars | ||
| Energy Bar | ||
| Other Snack Bars | ||
| By Distribution Channel | Hyper乐鱼体育官网/Super乐鱼体育官网 | |
| Online Stores | ||
| Convenience Stores | ||
| Other Distribution Channels | ||
| By Countires | Indonesia | |
| Malaysia | ||
| Myanmar | ||
| Philippines | ||
| Singapore | ||
| Thailand | ||
| Vietnam | ||
| Rest of South East Asia |
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South East Asia Snack Bars 乐鱼体育官网 Research FAQs
What is the current South East Asia Snack Bar 乐鱼体育官网 size?
The South East Asia Snack Bar 乐鱼体育官网 is projected to register a CAGR of 5.19% during the forecast period (2025-2030)
Who are the key players in South East Asia Snack Bar 乐鱼体育官网?
General Nutrition Centers, Inc., PRISTINE, Amway Corp., GRANOVA and The Hut.com Limited (Myprotein) are the major companies operating in the South East Asia Snack Bar 乐鱼体育官网.
What years does this South East Asia Snack Bar 乐鱼体育官网 cover?
The report covers the South East Asia Snack Bar 乐鱼体育官网 historical 乐鱼体育官网 size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the South East Asia Snack Bar 乐鱼体育官网 size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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South East Asia Snack Bars Industry Report
Statistics for the 2025 South East Asia Snack Bar 乐鱼体育官网 share, size and revenue growth rate, created by Mordor Intelligence鈩� Industry Reports. South East Asia Snack Bar analysis includes a 乐鱼体育官网 forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
