Brazil Snack Bar Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 17.85 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Brazil Snack Bar Market Analysis
Brazil's snack bar market is projected to record a CAGR of 17.85% during the forecast period.
Increased snacking trend due to a busy lifestyle is the primary driver for the market. Growing demand for health and wellness products, convenient packaging, and preference for cereal-based snacks is fueling the market for snack bars. The increase in dual-income households has prompted consumers to divert their spending on convenience and better-for-you foods.
The health and wellness trend can be expected to remain the most important influencer in the snack bar market in Brazil. Owing to this factor, the sales of protein/energy bars and fruit and nut bars in the country are rising, as Brazilians want to have snacks that are not only low in added sugar but also offer clear health benefits. Nutry, a company based in Brazil, offers post-workout protein bars in vanilla flavor. The bar consists of ingredients such as BCAAs, whey protein, minerals, and vitamins. The trend toward gluten-free and low-sodium claims is fetching increasing popularity in the Brazilian snack bar market. For instance, Kobber, a Brazilian manufacturer of bakery and snack products, offers a line of snack bars based on tapioca in the Brazilian market. These products are promoted as gluten-free and low in sodium and contain only 62 -65 calories per 16g bar, depending on the variety.
Average Brazilian consumers often demand larger portion sizes and lower prices. Therefore, they find products at economical and sustained prices more appealing, which could be a huge impediment for the major players operating in this segment and could be considered a significant reason to modify their marketing and production strategies. Hence, the factors such as an increase in the popularity of convenient foods, fortified foods, and the launch of new products specially designed to cater to the needs of consumers are expected to drive the snack bar market across the country over the forecast period.
Brazil Snack Bar Market Trends
Hectic Lifestyle Propelling the Demand for Convenient Food and On-the-go Snacking
In Brazil, the demand for convenience foods is growing at a faster pace due to changes in social and economic patterns, as well as increased expenditure on food and beverage, awareness about healthy foods, changes in meal patterns and existing food habits, and the desire to taste new products. The on-the-go snacking trend is booming, especially among young people, hostellers, and bachelors who lead hectic lifestyles. According to the Brazilian Institute of Geography and Statistics, 98.27 million people were employed in Brazil in the second quarter of 2022. In addition, on-the-go snacking is closely linked with snack bars' easy handling and consumption of products. Consequently, the demand for snack bars increased because they are convenient to consume, aided by disposable packaging.
Due to busier schedules, consumers are allocating less time for traditional grocery shopping. Due to the same, they are also unable to take time for proper meals and, therefore, opt for on-the-go snack bars to satisfy their hunger. A significant portion of the population has access to easy on-the-go snacking options due to the increased penetration of these products in the market across the region. Since the transforming consumer habits promote smaller frequent meals, consumers tend to buy snack bars more often, which is expected to propel the market soon.
Supermarkets/Hypermarkets Driving the Snack Bar Sales
Snack bar sales through supermarkets/hypermarkets and a variety of stores are growing at a faster pace, owing to the health and fitness trend. Consumers tend to shop for smaller items at local retail stores, while they prefer to shop at supermarkets for bulk discounts. Snack bars and other related items are often displayed at the entrance, end of the aisle shows, in island bins, at the checkout, and in the designated snack food aisles, which inevitably draw consumers' attention and induce impulsive buying behavior before they check out from the stores. This factor has boosted the demand for snack bars in supermarkets and hypermarkets.
Supermarkets/hypermarkets provide a super-sized shopping experience, with suitable displays and assortments of indulgent snacking products. According to data published by Associação Brasileira de Supermercados in 2021, supermarkets especially generated over 55% of retail food sales in Brazil, making them the most popular venue to purchase food. In 2020, Brazil's food retail sector generated BRL 554 billion in revenue. Carrefour and Assai Atacado were Brazil's most well-liked grocery chains under the supermarket category. Prominent online channels, such as Amazon, have reportedly witnessed a surge in the sales of functional snack bars, contributed by packaging design, label claims, and a repetitive pattern of snack consumption.
Brazil Snack Bar Industry Overview
The Brazilian snack bar market is concentrated among major players occupying a major share of the market. Product introduction focusing on regional grains, such as tapioca and healthy ingredients, to attract consumers is the primary strategy adopted by players. Additionally, acquisitions and expansions have been crucial strategies among the market players to strengthen their presence in the market studied. The major players are The Kellogg Company, Nestlé SA, Nutrimental SA, Mondelez International Inc., and PepsiCo. Inc. These leading companies have an extensive product portfolio in the snack bar market across the country. Economies of scale and high brand loyalty among consumers give these companies an edge. Further product portfolio expansion within all categories may enhance the companies' positions in the market.
Brazil Snack Bar Market Leaders
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Nutrimental S.A.
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The Kellogg Company
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Pepsico Inc.
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Mondelēz International, Inc.
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Nestlé S.A.
*Disclaimer: Major Players sorted in no particular order
Brazil Snack Bar Market News
- August 2022: Mondelez announced the acquisition of Clif & Bar, which offers snack bars across various regions, including Brazil.
- February 2022: Nestlé Brasil announced its plans to support one of the Brazilian organizations, Gerando Falcões, with a new line of energy bars. The company launched two new fruit and nut energy bars with coconut and banana flavors.
- October 2022: The wholefood-layered Match Protein Bar from Brazil's Nutrata premiered at the Arnold. Nutrata's Match Protein Bar claims to have layers of whole foods that change from flavor to flavor.
Brazil Snack Bar Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Drivers
- 4.2 Market Restraints
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4.3 Industry Attractiveness - 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
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5.1 Product Type
- 5.1.1 Cereal Bar
- 5.1.1.1 Granola/Muesli Bar
- 5.1.1.2 Other Cereal Bars
- 5.1.2 Energy Bar
- 5.1.3 Other Snack Bar
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5.2 Distribution Channel
- 5.2.1 Supermarkets/Hypermarkets
- 5.2.2 Convenience Stores
- 5.2.3 Specialist Stores
- 5.2.4 Online Retail Stores
- 5.2.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
- 6.1 Most Adopted Strategies
- 6.2 Market Share Analysis
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6.3 Company Profiles
- 6.3.1 Nutrimental SA
- 6.3.2 Nestle SA
- 6.3.3 Alfred Ritter Gmbh & Co. Kg. Levitta
- 6.3.4 Pepsico Inc.
- 6.3.5 M. Dias Branco SA
- 6.3.6 The Kellogg Company
- 6.3.7 General Mills Inc.
- 6.3.8 Mondelēz International Inc.
- 6.3.9 Mars Incorporated
- 6.3.10 Nature Foodtech
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityBrazil Snack Bar Industry Segmentation
The snack bars are versatile product options that can contain cereals, fruits, and nuts, providing consumers with healthy nutrients, bioactive compounds, and dietary fiber.
Brazil's snack bar market is segmented by product type and distribution channel. By product type, the market is segmented into cereal bars, energy bars, and other snack bars. The cereal bars further include granola/muesli bars and other cereal bars. Based on distribution channels, the market is segmented into supermarkets and hypermarkets, convenience stores, online retail stores, and other distribution channels. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| Product Type | Cereal Bar | Granola/Muesli Bar |
| Other Cereal Bars | ||
| Product Type | Energy Bar | |
| Other Snack Bar | ||
| Distribution Channel | Supermarkets/Hypermarkets | |
| Convenience Stores | ||
| Specialist Stores | ||
| Online Retail Stores | ||
| Other Distribution Channels |
Brazil Snack Bar Market Research FAQs
What is the current Brazil Snack Bar Market size?
The Brazil Snack Bar Market is projected to register a CAGR of 17.85% during the forecast period (2024-2029)
Who are the key players in Brazil Snack Bar Market?
Nutrimental S.A., The Kellogg Company, Pepsico Inc., Mondelēz International, Inc. and Nestlé S.A. are the major companies operating in the Brazil Snack Bar Market.
What years does this Brazil Snack Bar Market cover?
The report covers the Brazil Snack Bar Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Brazil Snack Bar Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Snack Bar in Brazil Industry Report
Statistics for the 2024 Snack Bar in Brazil market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Snack Bar in Brazil analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
