Tuesday, 02 January 2024 12:17 GMT

Energy Balls Market To Exceed USD 633.72 Million At A CAGR Of 6.5% By 2032 S&S Insider


(MENAFN- EIN Presswire)

Energy Balls Market

Many energy balls are vegan-friendly, appealing to the rising number of consumers looking to incorporate more plant-based foods into their diets.

The Energy Balls market is increasing due to the emergence of innovative flavors and formulations to fulfill individual consumers.” - SNS INSIDERAUSTIN, TX, UNITED STATES, November 11, 2024 /EINPresswire / -- The Energy Balls Market was valued at USD 359.5 million in 2023 and is expected to grow to USD 633.72 million by 2032, at a CAGR of 6.5% over the forecast period of 2024-2032.

The energy ball market is driven by the high demand for nutritious convenience snacks by health-conscious individuals. Increasing awareness regarding nutrition and well-being, along with a large number of people now looking for high protein low sugar products, has driven the surge. Furthermore, the clean label trend and higher demand for plant-based ingredients are driving the consumers' shift toward energy balls as sustainable contenders to conventional snacks.

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Energy Balls | A Convenient and Healthy Snack for Every Dietary Need

Snack options that offer energy and healthier choices are in demand, as consumers continue the hunt for most-rewarding yet least-guilt between-meals morsels. Ideal energy balls fulfill this hunger, often consisting of nuts, seeds, dried fruits, and other wholesome food as its ingredients. Their portability and convenience make them a favorite snack among busy individuals, enabling individuals to relish a healthy option on the move.

In addition, there are lots of different diets and preferences/preferences, which means that energy balls also suit a range of needs/states apart from just being full. Manufacturers prepare choices using low-glycemic index ingredients such as nuts and entire grains for diabetics. For those with digestive issues, there are energy balls made with prebiotic and probiotic ingredients including chicory root fiber and kefir powder. Moreover, there are Vegan consumers who use nuts, seeds, dried fruits, and plant-based protein powder to make energy balls which is another type of energy ball with only plant-based ingredients.

Market Dynamics: Conventional and Nut-Based Segments Lead, While Chocolate Options Set to Surge

By Nature: In 2023, the conventional segment dominated the market share and is projected to experience the fastest CAGR from 2024 to 2032, given consumer comfort and awareness of traditional flavors and ingredients, which has reigned in wider appeal. The great taste and healthy snack appeal that has made conventional alternatives containing familiar ingredients such as oats, honey, and chocolate popular continue to be a choice of consumers looking for convenient snacks.

By Flavour: In 2023, the nut-based category accounted for the largest share of revenue in the Energy Balls Market as a result of rising consumer demand for protein-rich and nutrient-dense snacks. High in healthy fats, fiber, and other vitamins and minerals, nuts generally offer health benefits to consumers so they are quite appropriate for the conscious consumer.

The chocolate-based segment is projected to rise at the most rapid CAGR over the period 2024 - 2032. The surging demand for the mouthfeel of an indulgent snack that craves without harming health is what fuels this growth. To suit the growing acceptability of consuming chocolate with health benefits, manufacturers have come up with varieties like dark chocolate or healthy cacao and thus consumers are likely to choose these energy balls that enrich their taste along with nutrition.

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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Regional Insights: Asia-Pacific Leads the Energy Balls Market, North America Set for Rapid Growth

Asia-Pacific dominated the market share of the Energy Balls Market in 2023, as rising health awareness and demand for healthy snack foods have increased in China, India, Japan, and other countries. With its diverse food culture, more energy balls are being made from local ingredients like nuts and seeds to cater to different dietary requirements. Asia-Pacific will continue to be the largest market in terms of value during the predicted period as well, owing to swift urbanization and, an increase in disposable income leading to a high intake of on-the-go snack foods among many other factors.

North America is projected to be the quickest CAGR throughout the forecast period (2024–2032). It is well supported since we continue to witness a positive consumer health and wellness trend, especially in the US & Canada with increasing demand for clean-label products & functional food. The growing incidence of lifestyle diseases and the increasing emphasis on fitness and nutrition are encouraging consumers to opt for energy balls, as an alternative to conventional snacks, which provide better health benefits.

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Recent Developments:

.In May 2024, CSIRO is boosting Australia's beef sector by converting red meat into a nutritious powder for allergen-free protein in snacks and beverages, targeting the $3.8 billion health and wellness market.

.In September 2024, Eat Anytime launched two new healthy snacking products: Date Laddoos and Protein Balls. These nutritious options cater to health-conscious consumers seeking convenient and wholesome snacks.

Table of Contents

1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
6. Competitive Landscape
8. Energy Balls Market, By Nature
9. Energy Balls Market, By Flavour
10. Energy Balls Market, By Distribution Channel
11 Balls Market, By Application
12. Regional Analysis
13. Company Profile
14. Use Cases and Best Practices
15. Conclusion

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MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.

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