Malaysia Cereal Bars Market Report and Forecast 2024-2032

Malaysia Cereal Bars Market Outlook

The Malaysia cereal bars market size is estimated to expand at a CAGR of 6.4% between 2024 and 2032. The market is expected to be driven by the increasing consumer demand for heathy food alternatives over traditional snacks that can be consumed on-the-go and taste great as well.

Key Trends in the Market

Cereal bars, as the name suggests, are bar-shaped food products made using cereal grains, such as oats, rice, wheat, and rye, by pressing them together and combining with glucose syrup. Besides staple ingredients, they usually contain dried fruit, berries, and flavouring ingredients. Due to their high nutritional value and convenient nature, many people prefer cereal bars over traditional chocolate bars and crisps. They have become popular as a convenient snacking option that also provides a feeling of satiety.

• One of the key Malaysia cereal bars market trends include the growing consumption of cereal bars as an alternative to processed or less-healthy snacks. They serve as a pre-workout snack or a meal replacement bar, providing a quick source of energy. They are especially popular among fitness enthusiasts due to their nutritious profile and convenient nature that allows consumers to eat them on-the-go.

• To gain customer traction, manufacturers are continuously innovating their offerings, providing an array of options. They are experimenting with diverse ingredients, such as dried fruit and nuts and candies and syrups to provide extra nutritional value as well as improved taste to consumers.

• The growing trend of veganism and vegetarianism is responsible for driving the demand for cereal bars made using plant-based ingredients and plant protein. Further the growing consumer preference for clean labelled products is likely to encourage manufacturers to develop additive-free and gluten-free variants. This is likely to enhance the Malaysia cereal bars market demand in the coming years.

Market Analysis

Based on product, the market is segmented into snack bars, protein bars, and energy and nutrition bars, among others. On the basis of flavour, the market can be divided into caramel, chocolate, peanut butter, and honey, among others. The Malaysia cereal bars market segmentation, based on distribution channel, includes supermarkets/hypermarkets, convenience stores, speciality stores, and online, among others.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the Malaysia cereal bars market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

• Nestlé S.A.

• KELLOGG Company

• PepsiCo, Inc.

• General Mills Inc.

• Pristine Gourmet Food Industries Sdn Bhd

• Griffin's Foods Limited

• Kalbe Malaysia Sdn Bhd

• Botany Food Sdn Bhd (d'TIME)

• Others

Market Share by Product

As per the Malaysia cereal bars market analysis, energy and nutrition bars are becoming increasingly popular among the Malaysian population. They are used as an energy source mostly for sports-related activities like cycling, marathon running, mountain climbing, and others. To meet the specific nutritional requirements of the population, they are increasingly being made available in different variants like higher fibre and protein content, additive-free cereal bars, and low-calorie cereal bars.

Market Share by Distribution Channel

The online segment is expected to account for a significant Malaysia cereal bars market share in the forecast period. This can be attributed to the growing popularity of online shopping among consumers, availability of a range of options on online platforms, and the increasing online presence of key market players. The changing shopping behaviour of customers is expected to influence the market dynamics, with most of the sales coming from the online segment in the coming years.

Competitive Landscape

Nestlé S.A., headquartered in Vevey, Switzerland, is a leading global manufacturer of food products such as instant coffee and tea, frozen foods, chocolate, powdered milk, cheese, and baby foods, among others. The company manufactures cereal bars from wheat, oats, and other carefully selected ingredients. Their FITNESS® Chocolate Breakfast Cereal Bars also contain vitamin B, offering improved nutritional value to customers, with no artificial colours or flavours.

KELLOGG Company is one of the leading producers of ready-to-eat (RTE) cereal and convenience foods. Based in America, the company aims to offer nutritious and tasty food options to consumers with busy schedule. Its product portfolio includes a range of items like cookies, savoury snacks, cereal bars, fruit-flavored snacks, and others.

PepsiCo, Inc., founded in 1965, is North America’s leading food and beverage company. Based in Harrison, New York, United States, the products prepared by the company have gained wide popularity globally, with its brands like Pepsi, Frito-Lay, and Quaker Oats becoming a household name.

Other Malaysia cereal bars market players include General Mills Inc., Pristine Gourmet Food Industries Sdn Bhd, Griffin's Foods Limited, Kalbe Malaysia Sdn Bhd, and Botany Food Sdn Bhd (d'TIME).

Key Highlights of the Report