Energy Bar Market Report, Growth, New Opportunities And Forecast 2024-2033

The energy bar market size has grown steadily in recent years. It will grow from $4.08 billion in 2023 to $4.26 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to increased health and fitness awareness, shift in consumer lifestyles, growth of interest in weight management, innovation in ingredients, convenience and on-the-go nutrition.

The energy bar market size is expected to see steady growth in the next few years. It will grow to $5.09 billion in 2028 at a compound annual growth rate (CAGR) of 4.5%. The growth in the forecast period can be attributed to retail availability and accessibility, plant-based and sustainable options, smart nutrition and functional ingredients, global health challenges response, expansion of fitness industry. Major trends in the forecast period include low sugar and natural sweeteners, innovative flavors and textures, sustainable packaging solutions, personalized nutrition offerings, snacking convenience and portability, collaborations and limited editions.

Market Overview -
An energy bar refers to a food product with the shape of a bar that contains a combination of fats, carbs, and proteins and is fortified with vitamins and minerals. It is used as a source of energy during athletic events like marathons, triathlons, and other activities requiring a high energy expenditure for extended periods of time.

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10292&type=smp

The Sustained Growth Of The Energy Bar Market Amidst Fitness Boom
Increasing participation in sports, health clubs, and gyms is driving the energy bar market going forward. Sports refer to physical activities or games that are typically played competitively or for leisure. Health clubs or gyms refer to facilities that offer a variety of fitness and exercise equipment, classes, and services designed to help people improve their physical health and fitness. Energy bars provide a healthy source of fitness enthusiasts and helps them meet their fitness goals. For instance, in 2022, according to the Sports & Fitness Industry Association (SFIA), a US-based industry association of the sports and fitness industry, 237 million US citizens participated in at least one sport, which was an increase of 9.2% from 2017 and 1.9% from 2021. Further, Cardio kickboxing had the highest year-on-year increase with 8.5% from 2021 to 2022. Therefore, the increasing participation in sports, health clubs, and gyms is propelling the energy bar market.

Competitive Landscape -
Major companies operating in the energy bar market report are Lotus Bakeries NV, General Mills Inc., Clif Bar & Company, ProBar LLC, Post Holdings Inc., Bumble Bar Inc., PepsiCo Inc., Kind LLC, Kellogg Company, Wholesome Habits Private Limited, Quest Nutrition LLC, Chicago Bar Company, Abbott Nutrition Manufacturing Inc., Atlantic Gruppa d.d., Nestle SA, Atkins Nutritionals Inc., McKee Foods Corporation, The Simply Good Foods Company, The Bountiful Co., Mars Incorporated, Fullwell Mill Limited, LÄRABAR, Mediterra Inc., Brighter Foods Ltd., Health Warrior Inc., The Hershey Company, Energy Bar Foods, Superior Supplement Manufacturing:, Element Bars Inc., YouBar

Pioneering The Future Of Energy Bars With Innovation
Product innovations are a key trend gaining popularity in the energy bar market. Major companies operating in the market are introducing innovative products such as 'That's it Ket*o Kick coffee energy bar' to sustain their position in the market. For instance, in July 2021, That's It, a US-based manufacturer of healthy snacks launched a new Ket*o Kick coffee energy bar. The uniqueness of the product is that it's suitable for the ket*o diet and has only six plant-based whole ingredients. It contains 95mg of caffeine from Fair Trade, single-origin Ethiopian coffee beans. With the introduction of this new snack, there is now a healthier and easier method to provide body with the whole foods and caffeine it needs while maintaining a plant-based and ket*ogenic diet.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/energy-bar-global-market-report

Key Segments -
The energy bar market covered in this report is segmented -
1) By Type: Protein Bar, Nutrition Bar, Cereal Bar, Fiber Bar
2) By Nature: Organic, Conventional
3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Other Distribution Channels

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Want To Know More About The Business Research Company?

The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database

The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.