Understanding how consumers perceive and use bars is crucial to creating a successful product. “Three-quarters of U.S. consumers who buy cereal/snack bars eat them as a snack between meals, whilst over 60 percent eat them as a portable breakfast option," reported Jonathan Thomas, principal market analyst, Leatherhead Research Ltd. “Consumption tends to be skewed toward the latter half of the day, either as a between-meals snack or around periods of exercise," he added.
Thomas also pointed out U.S. penetration of energy and nutrition bars is highest among those aged 25 to 54 years, and cereal and snack bar consumption is generally highest among more affluent consumers.
A. Elizabeth Sloan, Ph.D., CEO and owner of Sloan Trends Inc., elaborated, “Users of both nutritional and cereal/granola bars have an above-average likelihood of being under the age of 45 (Experian Marketing Services, Summer 2014 Simmons NHCS Adult Study 12-Month). Those who used five or more nutritional bars in the last 30 days are 36 percent more likely than average to be in the 18- to 24-year-old age group and 32 percent more likely to be in the 35- to 44-year-old age group. Both nutritional and cereal/granola bar users are more likely to be women and less likely to be men."
And in terms of affluence? “Users of nutritional bars are 24 percent more likely than adults on average to have earned a bachelor’s degree or more, and they are much more likely to enjoy a household income of $150,000 or more," she said.
For international perspective, Thomas stated penetration of cereal and snack bars in the U.K. is over two-thirds (67 percent) of all adults. Consumption is heaviest among females under the age of 35 and in households with children. Penetration is lowest among those age 55 and older.
With such a low draw among older populations, Sloan sees great opportunity with Boomers and seniors, especially women. “Although traditionally, consumers over age 50 were not bar consumers, these New Agers are fast turning to nutrition barsand for that matter, sports and energy beveragesto meet their nutritional and lifestyle goals."
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