Snack And Nonalcoholic Beverage Bars Market Growth Trajectory – Insights On Key Drivers, Major Trends, And Top Opportunities
6 Jul, 2023
The global snacks and non-alcoholic beverage bars market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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%.
Global Snack And Nonalcoholic Beverage Bars Market Key Driver
The increased demand for leisure and entertainment activities is likely to drive future expansion in the snack and non-alcoholic beverage bars industry. Leisure is a state of mind characterised by free leisure and eager optimism, whereas entertainment is a type of activity that maintains a viewer's attention and interest while also offering pleasure and delight. People's interest in leisure activities such as pleasure, meditating, painting, and participating in sports, as well as entertainment activities such as film, music, television, radio, and social media, has grown significantly in places where snacks, coffee and teas, and non-alcoholic beverages are served and consumed.
Get a sample of the global snack and nonalcoholic beverage bars market reportGlobal Snack And Nonalcoholic Beverage Bars Market Segments
The global snack and nonalcoholic beverage bars market is segmented:
1) By Product: Beverages, Food
2) By Snack Type: Frozen Snacks, Savory Snacks, Fruit Snacks, Confectionery Snacks, Bakery Snacks, Other Snack Types
3) By Pricing: High-End, Economy
4) By Outlet: Chained Outlets, Independent Outlets
5) By Geography: The regions covered in the snack and nonalcoholic beverage bars market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global snack and nonalcoholic beverage bars market.
Major Snack And Nonalcoholic Beverage Bars Industry Players
Starbucks, Whitbread PLC, Lavazza, Buffallo Wild Wings, Dunkin' Brands, McDonald's Corporation, Coffee Day Enterprises, Luigi Lavazza Spa, PepsiCo, Nestlé, The Kellogg Company, Caribou Coffee Operating Co. Inc., Ediya Co. Ltd., General Mills, Inc., Mars Incorporated, The Coca-Cola Company, Unilever, Calbee, Barista Coffee, ITC Limited, HALO Foods, Gloria Jean's Coffees, International Coffee & Tea, Krispy Kreme Doughnuts, Stonegate Pub Company, Tully's Coffee, Brinker International Inc., Berkshire Hathaway Inc., BJs Restaurants Inc.
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Snack And Nonalcoholic Beverage Bars Market Overview
Snack and non-alcoholic beverage bars refer to businesses that specialize in making and/or serving specialty snacks such as ice cream, frozen yogurt, cookies, or popcorn as well as non-alcoholic beverages such as coffee, juice, or soda.
Snack And Nonalcoholic Beverage Bars Global Market Report 2023 provides data on the global snack and nonalcoholic beverage bars market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The snack and nonalcoholic beverage bars market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.