Spain Snack Bar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 167.70 Million |
| Market Size (2029) | USD 226.03 Million |
| CAGR (2024 - 2029) | 6.16 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Spain Snack Bar Market Analysis
The Spain Snack Bar Market size is estimated at USD 167.70 million in 2024, and is expected to reach USD 226.03 million by 2029, growing at a CAGR of 6.16% during the forecast period (2024-2029).
The Spanish snack bars market is experiencing significant growth due to its diverse culinary offerings, which inspire a variety of innovative ingredient combinations and flavor profiles. This market is taking advantage of the growing consumer preference for convenient on-the-go meal and snack options. The growing trend of snacking between meals and on-the-go consumption has been a key driver of the country’s snack bar market’s expansion. The focus on healthy eating has further benefited the market. The changing lifestyles in the country, involving the consumption of smaller meals, have led to increased consumption of snacks. Hence, snack bars, being the healthier option, are witnessing increasing demand.
Further, with a growing interest in functional foods in Spain, the demand for snack bars that incorporate functional ingredients such as protein, fiber, vitamins, minerals, and superfoods to enhance their nutritional profile and health benefits is growing in the country. These ingredients are positioned to address specific consumer needs, such as energy, satiety, muscle recovery, or immune support. Also, snack bars that include meat, such as beef, are gaining popularity as they are a good source of clean and unprocessed protein. These products are savory instead of sweet and better at keeping sugar cravings at bay. Due to the current consumer demand, manufacturers are concentrating on producing low-sugar, high-protein, low-carb products.
Spain Snack Bar Market Trends
Rise in Demand for Energy Bars due to an Increase in Active Lifestyles Boosting Market Growth
With the increasing awareness of the importance of physical activity and exercise, the Spanish population is adopting active lifestyles. The growing popularity of sports and fitness activities in Spain has fueled the demand for energy bars among athletes, gym-goers, and sports enthusiasts. Energy bars are perceived as convenient and nutritious snacks that provide a quick boost of energy, making them popular among health-conscious individuals, athletes, and fitness enthusiasts. Energy bars are often consumed as pre-workout snacks to provide sustained energy during exercise, as well as post-workout snacks to support muscle recovery and replenish glycogen stores.
The rising health awareness among individuals and the growing popularity of sports activities such as hiking, cycling, aerobics, swimming, and running, are further boosting the growth of energy bars. According to data from WHO, in 2022, around 77% of the male population and 69% of the female population aged above 18 years are physically active in Spain. Moreover, in the energy/nutrition bar category, companies are developing new flavor and ingredient introductions, along with improvements in taste and mouthfeel, impacting segmental revenue. The manufacturing companies also offer products with functional ingredients. For instance, the brand Level Up offers protein and carbohydrate-based energy bars enriched with Taurine and Vitamin B3.
Supermarkets Dominate the Retail Landscape
Supermarkets and hypermarkets are the main distribution channels for snack bars due to their wide reach and convenience for consumers. These channels benefit from the growing organized retail industry, which enhances product visibility and accessibility. Additionally, attractive packaging and in-store promotions are key factors in driving sales in supermarkets and hypermarkets.
Supermarkets are increasing their focus on sustainability. Spanish consumers are increasingly concerned about sustainable development and their impact on the environment. The demand for organic snacking options is increasing due to the increase in health consciousness among consumers and the development of health issues resulting from hectic lifestyles. Hence, supermarkets are offering a wide range of snack bars, including organic, clean-label snack bars.
Supermarkets are dedicating more space to ready-to-eat and prepared foods, including snack bars, in their stores. This trend has been gaining traction throughout Spain, particularly in big cities, as consumers are more inclined toward convenient meals. Supermarkets remain a dominant and critical retail avenue for snack bars in Spain, catering to evolving consumer preferences and supporting the sustained growth of this market segment.
Spain Snack Bar Industry Overview
The snack bar market in Spain is fragmented, with many international and local players. Some key players dominating the market include Kellanova, General Mills Inc., Associated British Foods PLC, and Nestlé SA, among others. The most commonly adopted strategy is new product development, which aligns with consumer trends. This helps the companies better position themselves within the target segment. Key players also form partnerships with other major or regional players to establish a presence in every country. Additionally, they seek to acquire local players to maintain their dominance in the market.
Spain Snack Bar Market Leaders
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General Mills Inc.
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Associated British Foods PLC
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PepsiCo Inc.
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Kellanova
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Nestle S.A
*Disclaimer: Major Players sorted in no particular order
Spain Snack Bar Market News
- October 2023: The Kellogg Company was split into two separate entities. The cereal business of North America will be operated under WK Kellogg Co., and global snacking brands, including snack bars, will be operated under Kellanova.
- May 2022: Kellogg collaborated with design firm Landor & Fitch to develop a new packaging system that complements the brand's current offerings. The new packaging was rolled out in regions like the United Kingdom and Ireland, Benelux, France, Italy, Portugal, Spain, the Middle East, and North Africa.
- April 2022: Mooski launched its granola bar, a refrigerated bar made with soaked oats, nut butter, and dried fruit, dipped in dairy-free dark chocolate in five flavors, namely peanut butter banana, chocolate peanut crunch, wild berry, an oatmeal raisin cookie, and apple cinnamon.
Spain Snack Bars Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables and Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.1.1 Demand for Convenient and Healthy On-The-Go Snacking
4.1.2 Surging Clean-Label And Free-From Demand?
4.2 Market Restraints
4.2.1 Increasing Competition from Alternative Snacks?
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Product Type
5.1.1 Cereal Bars
5.1.1.1 Granola/Muesli Bars
5.1.1.2 Other Cereal Bars
5.1.2 Energy Bars
5.1.3 Other Snack Bars
5.2 Distribution Channel
5.2.1 Supermarkets/Hypermarkets
5.2.2 Convenience Stores
5.2.3 Specialty Stores
5.2.4 Online Stores
5.2.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Kellanova
6.3.2 General Mills Inc.
6.3.3 Associated British Foods PLC
6.3.4 Nestle SA
6.3.5 PepsiCo
6.3.6 Clif Bar & Company
6.3.7 Mars Incorporated
6.3.8 Clif Bar & Company
6.3.9 Abbott Nutrition Manufacturing Inc.
6.3.10 Post Holdings Inc.
6.3.11 KIND Snacks
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Spain Snack Bar Industry Segmentation
A snack bar is a ready-to-eat, baked product made of various ingredients, including granola, oats, chocolate, dried fruits, nuts, coconut oil, honey, peanut butter, raisins, and other dried fruit and nut ingredients.
The Spanish snack bar market is segmented by product type and distribution channel. The snack bar market offers a range of product types, including cereal, energy, and other snack bars, distributed through supermarkets/hypermarkets, convenience stores, specialty stores, online stores, and other distribution channels. For each segment, the market sizing and forecasts have been done based on value (USD).
| Product Type | ||||
| ||||
| Energy Bars | ||||
| Other Snack Bars |
| Distribution Channel | |
| Supermarkets/Hypermarkets | |
| Convenience Stores | |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
Spain Snack Bars Market Research FAQs
How big is the Spain Snack Bar Market?
The Spain Snack Bar Market size is expected to reach USD 167.70 million in 2024 and grow at a CAGR of 6.16% to reach USD 226.03 million by 2029.
What is the current Spain Snack Bar Market size?
In 2024, the Spain Snack Bar Market size is expected to reach USD 167.70 million.
Who are the key players in Spain Snack Bar Market?
General Mills Inc., Associated British Foods PLC, PepsiCo Inc., Kellanova and Nestle S.A are the major companies operating in the Spain Snack Bar Market.
What years does this Spain Snack Bar Market cover, and what was the market size in 2023?
In 2023, the Spain Snack Bar Market size was estimated at USD 157.37 million. The report covers the Spain Snack Bar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Spain Snack Bar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Spain Snack Bar Industry Report
Statistics for the 2024 Spain Snack Bar market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Spain Snack Bar analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
