Energy Balls Market Fueling Performance Will Achieve $ 558.7 billion by 2030

Energy Balls Market Report Scope -

The SNS Insider report indicates that the Energy Balls Market was valued at USD 337.6 million in 2022, and it is projected to achieve a market size of USD 558.7 million by 2030, with a compound annual growth rate (CAGR) of 6.5% expected over the forecast period from 2023 to 2030.

Energy drinks, balls or bars are a highly nutritious product that uses scientific analysis to claim to enhance physical performance during intense physical activity and to recover quickly after exercise. For this purpose, energy drinks, balls and bars are specially designed to provide carbohydrates and vital vitamins and minerals into the body. With its delicious taste and blend of protein, carbohydrates, healthy fats and fibres, energy balls are a nutritious snack that has gained popularity. With 100-250 calories per ball, they make a great on-the-go snack before or after exercise, providing energy without the guilt. Energy balls offer a variety of flavours, including dry fruits, nuts, seeds and extra ingredients. The energy ball is a highly nutritious product that claims to improve physical performance based on scientific research.

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Key Players Covered in this market report are:

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 Growth Factors -

Energy balls are growing in popularity as an alternative food. The growth of the market for energy balls can be helped by growing awareness about healthy eating, as well as an increasing demand for convenient on the go snack options. In addition, the main driver of market growth for energy balls is also increasing consumer interest in health and wellness trends. The growth of the market for energy balls has also been supported by the fitness sector.

Segmentation Analysis -

In terms of flavours, the segment based on nuts holds a global market share of around 36% in 2023 for energy balls. The segment is also projected to expand at a compound annual growth rate of 7.89% over the forecast period, making it one of the leading segments in the energy ball market according to MMR's analysis. The nuts are packed with protein, vitamins, fibres and minerals, which is in line with the aim of energy balls to provide a healthy snack. The nut-based energy balls are suitable for a variety of dietary needs, such as vegan, plant based and gluten free. In terms of storage and distribution, the longer shelf life of nuts provides manufacturers and retailers with flexibility. Consumers are becoming more and more aware of environmental issues, which is making them pay attention to the choices they make when it comes to nut foods that are considered sustainable. The dominance of the nuts is marked by their strong nutrition profile, dietary needs, flexibility and shelf-life stability.

Energy Balls Market Segmentation as Follows:

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

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Key Regional Development -

The largest share of more than 43.3% in 2023 was held by North America in the global energy balls market. During the forecast period, this region is expected to register a compound annual growth rate of 7.89% and maintain its dominant position by 2023. The US accounts for approximately 63% of the North American energy balls market share and is a leader in health and wellness trends, which plays an essential role in stimulating growth. Companies such as Bounce Foods Ltd., Boostball, Kellogs, KIND Snacks Inc., Deliciously Ella Ltd.

In addition to ongoing product innovation, Protein Ball and Govinda, based in North America, have invested heavily in the marketing of energy balls as healthy and convenient snacks. The productivity of energy balls, creating a bigger market for premium priced health and wellness products such as energy balls, is due to the growing awareness about healthy snack options and strong disposable income in northern America.

Key Takeaway's-

Increasing consumer awareness of health and nutrition Around the world, consumers are increasingly aware of possible negative effects of counterfeit medicines in a number of advanced countries. As awareness of health has improved, the popularity of energy balls among people worldwide has increased. Moreover, consumers are becoming more aware of the various nutritional characteristics of nuts, cereals and fruit as well as their advantages in a diet based on lifestyle factors like higher antioxidant levels.

Recent Developments -

The Bounce protein snack brand was acquired by a subsidiary of the Australian health and wellness firm Pharmacare Laboratories on August 23, 2023. Bounce Foods, operating out of Erina, New South Wales, and officially registered as the Natural High Co., entered voluntary administration in July.

Table of Content - Analysis of Key Points

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. Segmentation, By Product Type
9. Energy Balls Market Segmentation, By Nature
10. Energy Balls Market Segmentation, By Flavour 
11. Energy Balls Market Segmentation, By Distribution Channel
12. Energy Balls Market Segmentation, By Application 
13. Regional Analysis
14. Company Profiles
15. Competitive Landscape
16. Conclusion

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This release was published on openPR.