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Plant-Based Bars Market Sales and Drivers Analysis Research Report 2032

Plant-based protein has gained significant popularity over the past few years across Europe on account of the rising consumer intolerance to animal protein.

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Plant-Based Bars Market Sales and Drivers Analysis Research Report 2032

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  1. Plant-Based Bars Market Size to Cross USD 16.5 Bn by 2032 Global Market Insights Inc.

  2. Overview of Plant-Based Bars Market • The plant-based bars market valuation is expected to surpass USD 16.5 billion by 2032, as reported in a research study by Global Market Insights Inc. • The growing consumer intolerance for animal protein will influence the market growth. In recent years, the livestock industry has turned as a significant contributor of greenhouse gas emissions, water pollution, deforestation, and habitat destruction. The rising concerns regarding climate change and environmental effects of animal agriculture have propelled many people to limit the consumption of animal products. The rising awareness and discussion pertaining to the ethical, environmental, and health implications of consuming animal protein will further accelerate the demand for plant-based bars. • Plant-based bars market from the supermarkets/hypermarkets distribution channel segment reached USD 1.7 billion in 2022. The growth can be attributed to the presence of a dedicated section for health foods and specific aisle for products that cater to different dietary needs, such plant-based options in these facilities. The ease of access to organic and health food products, including a wide variety of plant-based bars will also drive the market demand. Global Market Insights Inc.

  3. Continue… • The demand for conventional may gain significant traction through 2032. Conventional plant-based bars are widely favored for providing convenient and portable sources of nutrition as they are affordable, long lasting while being protected from insects and bacteria. The rising consumption of quick on-the-go snack and pre- or post-workout fuels will also contribute to the market expansion. • Europe plant-based bars market crossed USD 2 billion in 2022, on account of the growing intake of vegetarian diets in the region. The swiftly expanding vegan population has spurred the higher demand for plant-based alternatives. As per the European Vegetarian Union, 54% of the population in Europe consume plant milks. The ease of access to a wide range of plant-based alternatives, such as dairy-free products, meat substitutes and plant-based meals in supermarkets, restaurants, and cafes will propel the industry growth. • Notable participants in the plant-based bars market include are Probar LLC, General Mills, Inc., BHU Foods, Simply Protein, Nugo Nutrition, Raw Rev, Gomacro, Orgain, Risebar, No Cow, and Nutree Life. These firms are coming up with various partnership strategies and growth-driven initiatives to widen their customer base. For instance, in June 2021, Nutree Life teamed up with Made Smarter for boosting the skills of its workforce through the adoption of digital technologies. Global Market Insights Inc.

  4. Browse Full Research Report On Plant-Based Bars Market@ https://bit.ly/3Njw0y8 Request for a sample of this research report @ https://bit.ly/3WXS98r Global Market Insights Inc.

  5. Stay In Touch Website: www.gminsights.com Social Media: Global Market Insights Inc.

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