Study Period | 2017 - 2030 |
Base Year For Estimation | 2024 |
Forecast Data Period | 2025 - 2030 |
Market Size (2025) | USD 29.82 Million |
Market Size (2030) | USD 56.26 Million |
CAGR (2025 - 2030) | 13.54 % |
Market Concentration | High |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
India Snack Bar Market Analysis
The India Snack Bar Market size is estimated at 29.82 million USD in 2025, and is expected to reach 56.26 million USD by 2030, growing at a CAGR of 13.54% during the forecast period (2025-2030).
The Indian snack bar industry is experiencing a fundamental shift in consumer behavior, driven by evolving lifestyle patterns and increasing health consciousness. A significant 74% of Indian adult consumers in 2022 showed a preference for smaller, frequent meals throughout the day instead of traditional larger meals, reflecting a broader shift towards convenient, nutritious snacking options. This transformation is further evidenced by the growing willingness of consumers to invest in premium health-focused products, with 40% of consumers in 2023 indicating their readiness to pay higher prices for products promoting health and wellness. The industry has responded to this trend by introducing innovative product formulations that balance nutritional value with convenience.
The distribution landscape of snack bars in India is undergoing significant evolution, with retail channels adapting to changing consumer preferences. Convenience stores have emerged as the dominant distribution channel, with major players like 24 SEVEN Group and Spencer's expanding their presence to over 100 and 120 stores respectively in 2022, strategically located in high-traffic areas. These stores have revolutionized product placement strategies, creating dedicated "fast in-out" zones and optimizing checkout counter displays to enhance visibility and drive impulse purchases. The retail sector has also witnessed a notable trend towards clean-label products, with approximately 4 in 10 Indian consumers in 2022 expressing a preference for such offerings.
The digital transformation of retail channels is reshaping the India snacks market's accessibility and reach. With India's internet penetration rate reaching 48.7% in 2023, online retail platforms have become increasingly significant in the distribution mix. E-commerce platforms are leveraging data analytics and personalized marketing strategies to enhance consumer engagement and provide tailored product recommendations. This digital shift has enabled brands to reach previously underserved markets and gather valuable consumer insights, leading to more targeted product development and marketing strategies.
Product innovation and premiumization have become key focus areas for market players, with manufacturers introducing new variants to meet diverse consumer preferences. For instance, in March 2023, Bagrrys India Private Limited launched The Mighty Muesli Bars, featuring all-natural ingredients and high fiber content, catering to health-conscious consumers. The industry has also witnessed a strong emphasis on clean labeling and transparency in ingredient sourcing, with 83% of consumers in 2022 choosing snacks specifically for their potential health benefits. This trend has encouraged manufacturers to invest in research and development, focusing on natural ingredients, functional benefits, and sustainable packaging solutions.
The growth of the healthy snacks market size in India is driven by the increasing demand for nutritional snacks and functional snacks, as consumers prioritize health and wellness in their dietary choices. This shift is evident in the expanding product portfolios of leading brands, which now include a wide array of healthy snacks designed to meet the diverse needs of the Indian consumer.
India Snack Bar Market Trends
Strong demand from fitness-conscious consumers and the availability of clean-label products are driving the market
- Indian consumers' health concerns have prompted them to look for products with functional advantages, thus making snack bars an essential part of the Indian market. This implies that while indulgences remain the primary source of snacks, consumers are increasingly looking for healthier alternatives.
- Snack bars are available in various compositions and formats, including energy bars, protein bars, and cereal bars. The portable and convenient packaging of the snack bar, together with the high nutritional content, is driving the demand for snack bars in the market.
- As the demand for nutritious snack options increases, cereal bar manufacturers are seeing an increase in their sales volume. The fluctuation of the product price is linked to the fluctuation of the prices of their raw materials, such as cereals, grain, sugar, and other ingredients.
- With the growing popularity of high-protein snacks, there is a growing demand for snack bars in India.; As of January 2023, about 91% of the consumers expressed their desire to explore healthier options while seeking snacks.
Segment Analysis: Confectionery Variant
Cereal Bar Segment in India Snack Bar Market
The cereal bar segment maintains its dominant position in India's snack bar market, commanding approximately 51% market share in 2024. This substantial market presence is primarily driven by the increasing consumer preference for convenient and healthy snacking options among working professionals, students, and fitness enthusiasts. The segment's strong performance is attributed to the rich nutritional profile of cereal bars, which typically contain high levels of protein, fiber, and essential micronutrients. The strategic positioning of these products at checkout counters in retail stores, coupled with frequent promotional activities and discounts, has significantly boosted their visibility and accessibility to consumers. Major market players like Mars, General Mills, Nestlé, and Kellogg's continue to innovate with new flavors and healthier formulations to maintain their competitive edge in this segment.

Fruit & Nut Bar Segment in India Snack Bar Market
The fruit and nut bar segment is emerging as the fastest-growing category in the Indian snack bar market, projected to grow at approximately 15% during 2024-2029. This remarkable growth trajectory is fueled by increasing health consciousness among consumers and their growing preference for natural, nutrient-dense snacking options. The segment's expansion is supported by innovative flavor combinations and the incorporation of premium ingredients like imported nuts and exotic dried fruits. Manufacturers are focusing on clean-label products, emphasizing the natural origin of ingredients and absence of artificial additives. The rising popularity of plant-based and vegan diets has further accelerated the demand for fruit and nut bars, as they naturally align with these dietary preferences while providing essential nutrients and energy.
Remaining Segments in Confectionery Variant
The protein bar segment represents a significant portion of the Indian snack bar market, catering primarily to sports enthusiasts, fitness professionals, and health-conscious consumers. These bars are distinguished by their high protein content and specialized formulations designed to support athletic performance and muscle recovery. Manufacturers in this segment are continuously innovating with different protein sources, including both animal and plant-based proteins, to cater to diverse consumer preferences. The segment has seen considerable product development in terms of taste profiles and texture improvements, making protein bars more palatable while maintaining their nutritional benefits.
Segment Analysis: Distribution Channel
Convenience Store Segment in India Snack Bar Market
The convenience store segment dominates the India snack bar market, commanding approximately 80% market share in 2024. This significant market position is primarily attributed to the strategic positioning of snack bar products at checkout counters, which effectively drives impulse purchases among consumers. Convenience stores like 7-Eleven, Spar, DMart, and Big Bazaar have gained consumer preference due to their accessibility, smaller store formats, and quick shopping experience compared to larger retail formats. These stores maintain consistent product availability and stock a wide variety of snack bar options, including protein bars, cereal bars, and energy bars, making them the preferred choice for consumers seeking convenient shopping experiences.
Online Retail Store Segment in India Snack Bar Market
The online retail store segment is projected to witness the most robust growth in the India snack bar market during 2024-2029, with an expected growth rate of approximately 15%. This growth trajectory is driven by the increasing penetration of internet services, with India's internet penetration rate reaching nearly 49% of the total population. Major e-commerce platforms like Amazon, BigBasket, Natures Basket, and Grofers have expanded their snack bar offerings, providing consumers with a wide variety of options and convenient doorstep delivery. The segment's growth is further supported by the rising consumer preference for multi-channel shopping experiences and the convenience of comparing products and prices online.
Remaining Segments in Distribution Channel
The supermarket/hypermarket and other retail channels continue to play important roles in the India snack bar market. Supermarkets and hypermarkets leverage their larger infrastructure to offer an extensive range of snack bar products with various flavors and brands under one roof. These stores particularly appeal to consumers seeking a comprehensive shopping experience with the ability to physically examine products before purchase. The other retail channels, including warehouse club stores, vending machines, and departmental stores, serve specific consumer segments by providing accessibility in high-traffic locations such as malls, airports, and educational institutions.
India Snack Bar Industry Overview
Top Companies in India Snack Bar Market
The snack bar market in India is characterized by continuous product innovation and strategic expansion initiatives by key players. Companies are focusing on developing new flavors, healthier variants, and clean-label products to meet evolving consumer preferences for nutritious on-the-go snacking options. Operational agility is demonstrated through investments in manufacturing capabilities and distribution networks, with several players establishing new production facilities to meet growing demand. Strategic moves include partnerships with retail chains, e-commerce platforms, and sports organizations to enhance market presence. Companies are also expanding their geographical footprint through flagship stores, modern trade outlets, and online channels while simultaneously strengthening their research and development capabilities to maintain a competitive advantage.
Local Players Dominate Growing Market Segment
The Indian snack bar market exhibits a mix of established local players and multinational corporations, with domestic companies holding significant market share. Companies like Sproutlife Foods and Naturell India have established strong positions through their understanding of local taste preferences and extensive distribution networks. The market structure shows moderate consolidation, with the top three players accounting for a substantial portion of the market share, while numerous smaller players compete in specialized segments like protein bar manufacturers in India and organic variants.
The market is witnessing increased merger and acquisition activity as larger food conglomerates seek to expand their presence in the healthy snacking segment. International companies are entering the market through acquisitions of local brands or establishing local manufacturing facilities to better serve the Indian market. Companies are also forming strategic alliances with ingredient suppliers and distribution partners to strengthen their supply chain and market reach, while simultaneously investing in capacity expansion to meet growing demand.
Innovation and Distribution Key to Growth
Success in the Indian snack bar market increasingly depends on companies' ability to innovate across product formulations, packaging, and marketing strategies. Manufacturers need to focus on developing products that align with local taste preferences while maintaining international quality standards. Building strong distribution networks, particularly in tier-2 and tier-3 cities, is crucial for market expansion. Companies must also invest in digital marketing and e-commerce capabilities to reach younger consumers and adapt to changing purchasing patterns.
Future market success will require companies to address potential challenges such as raw material price fluctuations and increasing competition from alternative healthy snacking options. Regulatory compliance, particularly regarding health claims and product labeling, will become more important as the market matures. Companies need to focus on sustainable packaging solutions and transparent supply chains to meet growing consumer awareness about environmental impact. Building brand loyalty through consistent product quality and effective communication of health benefits will be crucial for maintaining market position against new entrants and substitute products.
India Snack Bar Market Leaders
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General Mills Inc.
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Mondelēz International Inc.
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Naturell India Pvt. Ltd
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Sproutlife Foods Pvt. Ltd
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UNIBIC Foods India Pvt. Ltd
- *Disclaimer: Major Players sorted in no particular order
India Snack Bar Market News
- May 2023: Nature Valley added a new level of flavor with its newest innovation, Nature Valley Savory Nut Crunch Bar, the first savory snack from the number one-selling bar brand. The bar is available in three flavors: Everything Bagel, White Cheddar, and Smoky BBQ.
- March 2023: Bagrrys India Private Limited announced the launch of The Mighty Muesli Bars, which are all-natural, healthy, and packed with multi-grains, nuts, fruits, and honey with a punch of high fiber.
- November 2022: Happilo, the premium healthy snacking brand, unveiled its new brand identity and redesigned logo.
Free With This Report
We provide a comprehensive and exhaustive set of data pointers for global, regional, and country-level metrics that illustrate the fundamentals of the confectionery industry. With the help of 45+ free charts, clients can access in-depth market analysis based on price trend analysis of confectionery ingredients and per capita consumption of confections, through granular-level segmental information supported by a repository of market data, trends, and expert analysis. Data and analysis on confections, confectionery variants, sugar content, insights into consumer preferences and purchasing patterns, an overview of key market players, etc., are available in the form of comprehensive reports as well as excel-based data worksheets.
India Snack Bar Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Regulatory Framework
- 4.2 Consumer Buying Behavior
- 4.3 Ingredient Analysis
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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5.1 Confectionery Variant
- 5.1.1 Cereal Bar
- 5.1.2 Fruit & Nut Bar
- 5.1.3 Protein Bar
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5.2 Distribution Channel
- 5.2.1 Convenience Store
- 5.2.2 Online Retail Store
- 5.2.3 Supermarket/Hypermarket
- 5.2.4 Others
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Bagrrys India Private Limited
- 6.4.2 Fitshit Health Solutions Pvt. Ltd
- 6.4.3 FitSport Nutrition Foods Pvt. Ltd
- 6.4.4 General Mills Inc.
- 6.4.5 Happilo International Pvt. Ltd
- 6.4.6 ITC Limited
- 6.4.7 Kellogg Company
- 6.4.8 Mondelēz International Inc.
- 6.4.9 Monsoon Harvest
- 6.4.10 Naturell India Pvt. Ltd
- 6.4.11 Nourish Organic Foods Pvt. Ltd
- 6.4.12 Pure Snacks Pvt. Ltd
- 6.4.13 Sproutlife Foods Pvt. Ltd
- 6.4.14 UNIBIC Foods India Pvt. Ltd
- 6.4.15 Wholesome Habits Private Limited
- 6.4.16 WIMWI Foods Private Limited
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONFECTIONERY CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- VOLUME OF SNACK BAR MARKET, METRIC TONNES, INDIA, 2018 - 2030
- Figure 2:
- VALUE OF SNACK BAR MARKET, USD, INDIA, 2018 - 2030
- Figure 3:
- VOLUME OF SNACK BAR MARKET BY CONFECTIONERY VARIANT, METRIC TONNES, INDIA, 2018 - 2030
- Figure 4:
- VALUE OF SNACK BAR MARKET BY CONFECTIONERY VARIANT, USD, INDIA, 2018 - 2030
- Figure 5:
- VOLUME SHARE OF SNACK BAR MARKET BY CONFECTIONERY VARIANT, %, INDIA, 2018 VS 2024 VS 2030
- Figure 6:
- VALUE SHARE OF SNACK BAR MARKET BY CONFECTIONERY VARIANT, %, INDIA, 2018 VS 2024 VS 2030
- Figure 7:
- VOLUME OF CEREAL BAR MARKET, METRIC TONNES, INDIA, 2018 - 2030
- Figure 8:
- VALUE OF CEREAL BAR MARKET, USD, INDIA, 2018 - 2030
- Figure 9:
- VALUE SHARE OF CEREAL BAR MARKET BY DISTRIBUTION CHANNEL, %, INDIA, 2023 VS 2030
- Figure 10:
- VOLUME OF FRUIT & NUT BAR MARKET, METRIC TONNES, INDIA, 2018 - 2030
- Figure 11:
- VALUE OF FRUIT & NUT BAR MARKET, USD, INDIA, 2018 - 2030
- Figure 12:
- VALUE SHARE OF FRUIT & NUT BAR MARKET BY DISTRIBUTION CHANNEL, %, INDIA, 2023 VS 2030
- Figure 13:
- VOLUME OF PROTEIN BAR MARKET, METRIC TONNES, INDIA, 2018 - 2030
- Figure 14:
- VALUE OF PROTEIN BAR MARKET, USD, INDIA, 2018 - 2030
- Figure 15:
- VALUE SHARE OF PROTEIN BAR MARKET BY DISTRIBUTION CHANNEL, %, INDIA, 2023 VS 2030
- Figure 16:
- VOLUME OF SNACK BAR MARKET BY DISTRIBUTION CHANNEL, METRIC TONNES, INDIA, 2018 - 2030
- Figure 17:
- VALUE OF SNACK BAR MARKET BY DISTRIBUTION CHANNEL, USD, INDIA, 2018 - 2030
- Figure 18:
- VOLUME SHARE OF SNACK BAR MARKET BY DISTRIBUTION CHANNEL, %, INDIA, 2018 VS 2024 VS 2030
- Figure 19:
- VALUE SHARE OF SNACK BAR MARKET BY DISTRIBUTION CHANNEL, %, INDIA, 2018 VS 2024 VS 2030
- Figure 20:
- VOLUME OF SNACK BAR MARKET SOLD VIA CONVENIENCE STORE, METRIC TONNES, INDIA, 2018 - 2030
- Figure 21:
- VALUE OF SNACK BAR MARKET SOLD VIA CONVENIENCE STORE, USD, INDIA, 2018 - 2030
- Figure 22:
- VALUE SHARE OF SNACK BAR MARKET SOLD VIA CONVENIENCE STORE BY CONFECTIONERY VARIANTS, %, INDIA, 2023 VS 2030
- Figure 23:
- VOLUME OF SNACK BAR MARKET SOLD VIA ONLINE RETAIL STORE, METRIC TONNES, INDIA, 2018 - 2030
- Figure 24:
- VALUE OF SNACK BAR MARKET SOLD VIA ONLINE RETAIL STORE, USD, INDIA, 2018 - 2030
- Figure 25:
- VALUE SHARE OF SNACK BAR MARKET SOLD VIA ONLINE RETAIL STORE BY CONFECTIONERY VARIANTS, %, INDIA, 2023 VS 2030
- Figure 26:
- VOLUME OF SNACK BAR MARKET SOLD VIA SUPERMARKET/HYPERMARKET, METRIC TONNES, INDIA, 2018 - 2030
- Figure 27:
- VALUE OF SNACK BAR MARKET SOLD VIA SUPERMARKET/HYPERMARKET, USD, INDIA, 2018 - 2030
- Figure 28:
- VALUE SHARE OF SNACK BAR MARKET SOLD VIA SUPERMARKET/HYPERMARKET BY CONFECTIONERY VARIANTS, %, INDIA, 2023 VS 2030
- Figure 29:
- VOLUME OF SNACK BAR MARKET SOLD VIA OTHERS, METRIC TONNES, INDIA, 2018 - 2030
- Figure 30:
- VALUE OF SNACK BAR MARKET SOLD VIA OTHERS, USD, INDIA, 2018 - 2030
- Figure 31:
- VALUE SHARE OF SNACK BAR MARKET SOLD VIA OTHERS BY CONFECTIONERY VARIANTS, %, INDIA, 2023 VS 2030
- Figure 32:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, COUNT, INDIA, 2018 - 2023
- Figure 33:
- MOST ADOPTED STRATEGIES, COUNT, INDIA, 2018 - 2023
- Figure 34:
- VALUE SHARE OF MAJOR PLAYERS, %, INDIA
India Snack Bar Industry Segmentation
Cereal Bar, Fruit & Nut Bar, Protein Bar are covered as segments by Confectionery Variant. Convenience Store, Online Retail Store, Supermarket/Hypermarket, Others are covered as segments by Distribution Channel.Confectionery Variant | Cereal Bar |
Fruit & Nut Bar | |
Protein Bar | |
Distribution Channel | Convenience Store |
Online Retail Store | |
Supermarket/Hypermarket | |
Others |
Market Definition
- Milk and White Chocolate - Milk chocolates is a solid chocolate made with milk (in the form of either milk powder, liquid milk, or condensed milk) and cocoa solids. White chocolate is made from cocoa butter and milk and contains no cocoa solids whatsoever. The scope includes regular chocolates, low-sugar, and sugar-free variants
- Toffees & Nougats - Toffees include hard, chewy, and small or one-bite candies marketed with labels as toffee or toffee-like confectionery. Nougat is a chewy confection with almond, sugar, and egg white as a basic ingredient; and it originated in Europe and Middle East countries.
- Cereals Bars - A snack composed of breakfast cereal that has been compressed into a bar shape and is held together with a form of edible adhesive. The scope includes snack bars made with cereals such as rice, oats, corn, etc. mixed with a binding syrup. These also include products labeled as cereal bars, cereal treat bars, or grain bars.
- Chewing Gum - This is a preparation for chewing, usually made of flavored and sweetened chicle or such substitutes as polyvinyl acetate. The types of chewing gums included in the scope are sugar-chewing gums and sugar-free chewing gums
Keyword | Definition |
---|---|
Dark Chocolate | Dark chocolate is a form of chocolate containing cocoa solids and cocoa butter without the milk. |
White Chocolate | White chocolate is the type of chocolate containing the highest percentage of milk solids, typically around or over 30 percent. |
Milk Chocolate | Milk chocolate is made from dark chocolate that has a low cocoa solid content and higher sugar content, plus a milk product. |
Hard Candy | A candy made of sugar and corn syrup boiled without crystallizing. |
Toffees | A hard, chewy, often brown sweet that is made from sugar boiled with butter. |
Nougats | A chewy or brittle candy containing almonds or other nuts and sometimes fruit. |
Cereal bar | A cereal bar is a bar-shaped food product, made by pressing cereals and usually dried fruit or berries, which are in most cases held together by glucose syrup. |
Protein bar | Protein bars are nutrition bars that contain a high proportion of protein to carbohydrates/fats. |
Fruit & Nut bar | These are often based on dates with other dried fruit and nut additions and, in some cases, flavorings. |
NCA | The National Confectioners Association is an American trade organization that promotes chocolate, candy, gum and mints, and the companies that make these treats. |
CGMP | Current good manufacturing practices are those conforming to the guidelines recommended by relevant agencies. |
Unstandardized foods | Unstandardized foods are those that do not have a standard of identity or that deviate from a prescribed standard in any manner. |
GI | The glycemic index (GI) is a way of ranking carbohydrate-containing foods based on how slowly or quickly they are digested and increase blood glucose levels over a period of time |
Skimmed milk powder | Skimmed milk powder is obtained by removing water from pasteurized skim milk by spray-drying. |
Flavanols | Flavanols are a group of compounds found in cocoa, tea, apples, and many other plant-based foods and beverages. |
WPC | Whey protein concentrate- the substance obtained by the removal of sufficient nonprotein constituents from pasteurized whey so that the finished dry product contains greater than 25% protein. |
LDL | Low density Lipoprotein- the bad cholesterol |
HDL | High density Lipoprotein- the good cholesterol |
BHT | butylated Hydroxytoluene is a lab-made chemical that is added to foods as a preservative. |
Carrageenan | Carrageenan is an additive used to thicken, emulsify, and preserve foods and drinks. |
Free form | Not containing certain ingredients, such as gluten, dairy, or sugar. |
Cocoa butter | It is a fatty substance obtained from cocoa beans, used in the manufacture of confectionery. |
Pastellies | A type of of Brazilian candy made from sugar, eggs, and milk. |
Draggees | Small, round candies that are coated with a hard sugar shell |
CHOPRABISCO | Royal Belgian Association of the chocolate, pralines, biscuit, and confectionery industry- A trade association that represents the Belgian chocolate industry. |
European Directive 2000/13 | A European Union directive that regulates the labeling of food products |
Kakao-Verordnung | The German chocolate ordinance, a set of regulations that define what can be labeled as "chocolate" in Germany. |
FASFC | Federal Agency for the Safety of the Food Chain |
Pectin | A natural substance that is derived from fruits and vegetables. It is used in confectionery to create a gel-like texture. |
Invert sugars | A type of sugar that is made up of glucose and fructose. |
Emulsifier | A substance that helps to mix to liquids that does not mix together. |
Anthocyanins | A type of flavonoid that is responsible for the red, purple, and blue colors of confectionery. |
Functional Foods | Foods that have been modified to provide additional health benefits beyond basic nutrition. |
Kosher certificate | This certification verifies that the ingredients, production process including all machinery, and/or food-service process complies with the standards of Jewish dietary law |
Chicory root extract | A natural extract from the chicory root that is a good source of fiber, calcium, phosphorous, and folate |
RDD | Recommended daily dose |
Gummies | A chewy gelatin-based candy that is often flavored with fruit. |
Nutraceuticals | Food or dietary supplements that are claimed to have health benefits. |
Energy bars | Snack bars that are high in carbohydrates and calories are designed to provide energy on the go. |
BFSO | Belgian Food Safety Organization for the food chain. |
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: In order to build a robust forecasting methodology, the variables and factors identified in Step 1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set, and the model is built on the basis of these variables.
- Step-2: Build a Market Model: Market-size estimations for the forecast years are in nominal terms. Inflation is not a part of the pricing, and the average selling price (ASP) is kept constant throughout the forecast period for each country.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms