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Energy Balls Market to Surpass USD 558.7 million by 2030, Fuelled by Health and Convenience Trends

02-23-2024 05:25 AM CET | Food & Beverage

Press release from: SNS Insider

/ PR Agency: SNS Insider
Energy Balls Market

Energy Balls Market

According to the latest report from SNS Insider, the global Energy Balls Market is thriving, with a valuation of USD 337.6 million in 2022. Projections indicate that by 2030, the market is poised to reach an impressive USD 558.7 million, experiencing a robust Compound Annual Growth Rate (CAGR) of 6.5% during the forecast period from 2023 to 2030.

Energy balls are gaining popularity as a convenient and healthy snack option, aligning with the growing emphasis on maintaining a healthy lifestyle. The rise in demand can also be attributed to busy schedules and an increased need for on-the-go nutrition. Evolving consumer habits, coupled with a desire for convenient and ready-to-eat products, are reshaping dietary preferences and driving the inclusion of energy balls in everyday diets.

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Key Players:
Bounce Foods Ltd, Betty Lou's Inc., Made in Nature, Inc., Nutri-Brex, Boostball, Windmill Organics, DELICIOUSLY ELLA LTD., JV Foodworks Pvt Ltd., Koa Natural Foods, Bonbite NYC, Nomz, Nutrilicious Food Products.

Market Report Scope
The energy balls market is witnessing substantial growth due to the confluence of factors such as the importance of healthy eating, increasing consumer awareness, and the need for convenient snack options. The fitness industry's influence and the growth of e-commerce have further propelled the energy ball market. Despite being perceived as expensive by some consumers, evolving lifestyles, behavioral changes, and heightened awareness are driving the demand for convenient and nutritious snacks.

Market Analysis
The Energy Balls Market presents untapped opportunities with a growing demand for naturally sourced ingredients. Producers are focusing on developing energy balls that prioritize natural components, allowing these products to be perceived as more authentically sourced compared to those with artificial additives. Introducing novel flavors, unique ingredient blends, and specialized variations, such as high-protein or low-sugar options, can attract a broader consumer audience.

Segmentation Analysis
In 2022, the conventional segment led the Energy Balls market with a market value of USD 216.40 million, showcasing the highest CAGR throughout the forecast period. Conventional energy balls, crafted from various raw materials, offer consistent quality and efficient heat retention. The nuts and seeds flavor segment is expected to dominate the market, driven by the primary ingredients of nuts and seeds, appealing to health-conscious consumers.

By Nature
• Conventional
• Organic
By Flavour
• Nut-based
• Chocolate-based
• Fruit-based
• Others
By Distribution Channel
• Hypermarket/Supermarket
• Specialty Stores
• Online Retail
• Convenience Stores
By Application
• Sports & Fitness
• Snacks
• Meal Replacement

Growth Factors
• The increasing global emphasis on health and wellness is a major growth factor for the Energy Balls Market. Consumers are increasingly mindful of their dietary choices, seeking snacks that offer nutritional benefits and contribute to their overall well-being.
• Busy modern lifestyles and the demand for convenient, on-the-go nutrition play a crucial role in driving the market. Energy balls provide a quick and portable energy boost, making them a preferred choice for individuals with hectic schedules.
• The fitness industry's focus on nutrition and the role of healthy snacks in supporting active lifestyles contribute to the growing demand for energy balls. Consumers, including fitness enthusiasts, are seeking nutritious and energizing snacks to complement their workout routines.

Key Regional Developments
Asia-Pacific emerged as the global market leader for energy balls in 2022, with a 33.9% share and a projected value of USD 115.71 million. Factors such as increasing disposable income per capita, rising demand for nutrient-rich food, and heightened health awareness among millennials contributed to this growth. North America and Europe also play significant roles, driven by consumer demand for healthy and sustainable snacks.

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Key Takeaways
• The Energy Balls Market is set to surpass USD 558.7 million by 2030, fueled by health and convenience trends.
• Growing consumer awareness, a surge in the fitness industry, and the rise of e-commerce are driving market growth.
• Conventional energy balls dominate the market, while opportunities lie in developing products with naturally sourced ingredients.

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Recent Developments
In November 2020: Govinda launched a new organic shop in Germany, enhancing its sales performance by offering a range of organic and vegan products.

Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of Ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter's 5 Forces Model
7. PEST Analysis
8. Energy Balls Market Segmentation, by Nature
9. Energy Balls Market Segmentation, by Flavor
10. Energy Balls Market Segmentation, by Distribution Channel
11. Energy Balls Market Segmentation, by Application
12. Regional Analysis
13. Company Profile
14. Competitive Landscape
15. USE Cases and Best Practices
16. Conclusion

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Akash Anand - Head of Business Development & Strategy
Phone: +1-415-230-0044 (US) | +91-7798602273 (IND)
Office No. 305-B, Arissa Avenue, Fountain Road, Kharadi, Pune, Maharashtra 411014

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