Granola Market Size to Reach USD 12.6 Billion by 2032 growing at 4.5% CAGR - Exclusive Report by Acumen Research and Consulting

Author: Acumen Research and Consulting

According to Acumen Research & Consulting, the global Granola Market was valued USD 8.2 Billion in 2022 and is estimated to be worth USD 12.6 Billion by 2032, rising at a CAGR of 4.5% over the forecast period

The granola industry analysis reveals a market that has experienced tremendous expansion and transition as a result of altering customer tastes, health consciousness, and developing dietary patterns. Granola, formerly thought to be a niche health food, has now become a mainstream product, welcomed by a diverse variety of customers looking for easy and nutritious solutions.

The broad health and wellness movement is one of the primary motivations driving the granola industry's rise. Granola's blend of whole grains, nuts, seeds, and dried fruits has positioned it as a nutritious and nutrient-dense alternative as consumers prioritise healthier eating habits. The granola business has capitalized on this trend by selling a wide range of formulas to suit to various dietary needs, such as gluten-free, vegan, and low-sugar alternatives.

In today's fast-paced world, the desire for easy snacking options has also propelled the sector. Granola's portability and adaptability make it a perfect choice for on-the-go consumers looking for nutrition in between meals. This has resulted in the domination of granola bars in the business, which provide a well-balanced combination of flavours, textures, and nutrients in a compact container.

Furthermore, the granola sector has expanded outside the usual cereal section in supermarkets. It has expanded its consumer base by increasing its access to online retail platforms, health food shops, and specialty stores. Because of the expansion of online purchasing, granola businesses may now reach a worldwide audience and provide a broad selection.

Granola Market Value

Granola Market Statistics

  • The global granola market revenue is projected to reach USD 8.2 billion in 2022, with a (CAGR) of 4.5% from 2023 to 2032
  • In 2022, North America held the largest share of the granola market, accounting for over 46% of the total market share
  • The Asia-Pacific region is expected to witness substantial growth, with a CAGR of over 5% between 2023 and 2032
  • Vanilla was the dominant flavor in 2022, representing more than 30% of the market share
  • Among the distribution channel, the supermarkets and hypermarkets sub-segment contributed approximately US$ 4.3 billion to the market in 2022
  • Eco-friendly packaging and sustainable sourcing is a prominent trend in the granola market

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Granola Market Dynamics

Growing Consumer Focus on Healthy Eating and Nutritional Benefits is Fueling the Granola Market Value

The increased consumer emphasis on healthy eating and nutritional advantages has impacted the food business tremendously. People are actively searching out foods that have a favorable influence on their health as they grow more health-conscious and educated about the link between nutrition and well-being. This tendency has resulted in a variety of modifications and advances in the food industry.

Consumers are scrutinizing food labels more than ever before, seeking for items that are high in nutrients, low in additives, and minimally processed. This development has pushed food producers to rethink their goods in order to meet the needs of health-conscious consumers. Nutrient-dense meals, entire ingredients, and functional foods with specific health advantages have grown in popularity.

As a result, there has been a surge in demand for foods that are high in vitamins, minerals, fiber, and essential nutrients. Whole grains, lean proteins, fruits, vegetables, nuts, and seeds have become staples in diets focused on optimal health. Superfoods and ingredients rich in antioxidants have gained popularity due to their potential to support various health goals.

This consumer emphasis on health has also given rise to specialized diets, such as vegetarian, vegan, gluten-free, and paleo diets, each catering to specific nutritional needs and preferences. This has led to a diversification of food products in the market, with alternatives and substitutes that cater to various dietary requirements.

Overall, consumer interest in healthy eating and nutritional advantages has altered the food sector, spurring innovation, reformulation, and a renewed commitment to openness and sustainability. This trend is expected to continue, influencing changes in product offers, ingredient sourcing, and how food firms engage with customers.

Incorporation of Superfoods, Probiotics, or Adaptogens Will Generate Surplus Worldwide Granola Market Opportunities

The introduction of superfoods, probiotics, or adaptogens into food items is a significant trend that reflects health-conscious customers' increasing desires. These substances are regarded as significant contributors to general well-being, and their incorporation in a variety of food items has gained popularity due to their potential health advantages.

Superfoods are nutrient-dense foods that are thought to be especially helpful to health due to their high concentrations of vitamins, minerals, antioxidants, and other bioactive components. Berries, kale, quinoa, chia seeds, and turmeric are examples of superfoods. Incorporating superfoods into goods such as cereals, smoothies, snacks, and even drinks capitalizes on their popularity, enticing consumers looking for functional meals that give a nutritional boost.

Probiotics are living bacteria that, when ingested in sufficient quantities, promote intestinal health. They are known to improve digestion and create a healthy gut microbiota. Probiotics can be found in fermented foods such as yoghurt, kefir, and sauerkraut. However, as consumers recognize the relationship between gut health and general well-being, they are increasingly being included into a wider range of goods, such as granola bars, cereals, and snacks.

Adaptogens are natural chemicals that are thought to assist the body in adapting to stress and restoring equilibrium. Ashwagandha, rhodiola, and ginseng are examples of adaptogens. These substances are frequently linked to increasing resilience and mitigating the detrimental consequences of stress. The incorporation of adaptogens into goods such as energy bars, teas, and smoothie mixes corresponds with customers' increased interest in stress management and mental clarity.

Granola Market Segmentation

The global granola market has been categorized into product type, flavor, origin, distribution channel, and region

  • The product type segment is split into bars, cereals, baked goods, trail mix, and fruit cups
  • Vanilla, chocolate, strawberry, banana, coconut, and others are the splits of flavors segment
  • Conventional and organic are the origin of the granola market
  • Distribution channel includes supermarkets and hypermarkets, online stores, and convenient stores
  • North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa (MEA) are the market's five regions

Granola Market Share

According to the granola market forecast, the bars product type sub-segment will have the biggest market share between 2023 and 2032.

According to granola industry analysis, vanilla accounted for a significant market share in 2022 and is anticipated to do so in the future.

According to granola market analysis, organic granola will occupy utmost market share in 2022 and are anticipated to do so in the future.

According to our granola market study, supermarkets and hypermarkets has the greatest market share, with online stores projected to gain significant traction in the next years.

Granola Market Regional Outlook

North America has been a large contributor to the worldwide granola market, notably the United States and Canada. Granola's appeal as a handy and nutritious snack or breakfast alternative has been fueled by the region's health-conscious culture and fast-paced lives. Granola bars and cereals are popular, with a broad range of flavors and formulas to suit a variety of nutritional needs. The development of e-commerce and online retail has increased customer access to granola goods, giving them a plethora of options.

The Asia-Pacific area is growing as a promising granola market, owing to urbanization, changing food patterns, and rising health consciousness. Granola's mix of convenience and nutrition appeals to customers in nations such as China, Japan, and South Korea, who are looking for better snacking choices. Innovative flavors and beneficial ingredients appeal to local tastes, while the spread of Western-style morning routines increases granola usage even further. Online retail is an important distribution channel, providing customers with access to a diverse choice of granola items.

Granola Market Players

Some prominent granola companies covered in the industry include Clif Bar & Company, Conagra Brands, Inc., General Mills, Inc., Kellogg Company, Kraft Foods Group, Inc., Nestle S.A., Slim Fast Nutritional Food LLC, Sunny Crunch Foods Ltd., The Quaker Oats Company, Inc., and Standard Functional Foods Group, Inc.

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