Global Snack And Nonalcoholic Beverage Bars Market Size, Drivers, Trends, Opportunities And Strategies – Includes Snack And Nonalcoholic Beverage Bars Market Trends
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Rising demand for leisure and entertainment activities is likely to promote innovation in the manufacturing of snack and nonalcoholic beverage bars, propelling the market during the forecast period.
The global snack and nonalcoholic beverage bars market is expected to grow from $383.93 billion in 2022 to $404.38 billion in 2023 at a compound annual growth rate (CAGR) of 5.3%. The global snacks and non-alcoholic beverage bars market size is expected to reach $471.86 billion in 2027 at a CAGR of 3.9%.
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Global snack and nonalcoholic beverage bars Market Segments Include:
- By Product: Beverages, Food
- By Snack Type: Frozen Snacks, Savory Snacks, Fruit Snacks, Confectionery Snacks, Bakery Snacks, Other Snack Types
- By Pricing: High-End, Economy
- By Outlet: Chained Outlets, Independent Outlets
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global snack and nonalcoholic beverage bars market in 2021.
Major Market Players in the snack and nonalcoholic beverage bars market include Starbucks, Whitbread PLC, Lavazza, Buffalo Wild Wings, Dunkin’ Brands, McDonald’s Corporation, Coffee Day Enterprises, Luigi Lavazza Spa, PepsiCo, Nestlé.
Strategic partnerships are a prevalent trend in the snacks and non-alcoholic beverage bars business. Partnerships are being formed by major corporations in the snacks and non-alcoholic beverage bars market in order to maintain their market position. For example, in January 2020, Sans-Bar, a US-based alcohol-free bar, teamed with ‘botanical bubbly’ Dry Soda, a US-based soda brand, to develop the Pop culture of alcohol-free bars and trademark mocktails in several US and European locations. Furthermore, Drinks Distilled, a UK-based beverages company, announced a collaboration with Crossip Crossip, a UK-based non-alcoholic spirits brand, and Seed Library in January 2023 to assist drinkers navigate the world of no, low, and reduced abv spirits and serve.
The Snack And Nonalcoholic Beverage Bars Global Market Report 2023 provides a snack and nonalcoholic beverage bars market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The snack and nonalcoholic beverage bars market forecast analyzes snack and nonalcoholic beverage bars market size, snack and nonalcoholic beverage bars market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Snack and non-alcoholic beverage bars are companies that make and/or serve speciality snacks like ice cream, frozen yoghurt, biscuits or popcorn, as well as non-alcoholic beverages like coffee, juice or soda.
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