Global Energy Balls Market Report and Forecast 2024-2032

Global Energy Balls Market Outlook

The global energy balls market size reached approximately USD 369.29 million in 2023. The market is estimated to grow at a CAGR of 6.5% in the forecast period of 2024-2032, reaching a value of around USD 648.75 million by 2032.

Key Trends in the Market

Energy balls or protein balls are bite-sized nutritious snacks that are generally made of oats, nut butter, sweetener, dried fruits, and protein powder, among others. They are a popular choice for healthy go-to snacks and can be customised depending on a person’s preference.

• The rising preference for clean-labelled energy balls that can provide transparency to consumers is one of the crucial energy balls market trends. Clean labelled energy balls are absent of ingredients that have any negative connotations such as artificial additives and only contain the ingredients that are perceived as recognisable and wholesome.

• The surging inclusion of superfood ingredients such as chia seeds, almonds, and walnuts in energy balls to provide additional health-related benefits with their healthy fat, carbohydrate, and protein content further contributes to the energy balls market growth.

• With the rising inclination towards vegan and plant-based diets, manufacturers are launching vegan energy balls that consist of only plant-based ingredients and are dairy and gluten-free.

• As per the energy balls market analysis, there is a rise in the adoption of sustainable packaging options that are free of allergens and toxins and have a lower environmental impact by market players to cater to environmentally conscious consumers.

Market Analysis

Based on the ingredient, the market is divided into nut-based, fruit-based, and chocolate-based. On the basis of nature, the market is bifurcated into organic and conventional. The energy balls market segmentation, on the basis of distribution channel, includes hypermarket/supermarket, convenience stores, speciality stores, and online, among others. The major regional markets of energy balls are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the energy balls market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• The Hut.com Limited (Boostball)

• Bounce Brands Limited

• Deliciously Ella Ltd

• The Protein Ball Co

• Fairnatural GmbH

• Just Wholefoods Ltd

• Nuttree SARL

• DIETE SPORT France (OVERSTIM.s)

• Betty Lou's Inc.

• Others

Market Share by Ingredient

Nut-based ingredients such as peanut, walnut, hazelnut, and almond, among others, occupy a significant portion of the energy balls market share as they provide multiple health benefits to consumers. They are loaded with antioxidants such as polyphenols that protect cells and combat oxidative stress. Nut-based energy balls also promote weight loss as a good proportion of fat is not absorbed by the body and it reduces appetite. Furthermore, they improve gut health, promote heart health, and balance cholesterol levels.

Market Share by Region

North America accounts for a substantial share of the global market due to the growing health consciousness among consumers in the region. The emerging trend of frequent meals and snacking supports the growth of easy-to-prepare go-to snacks, propelling the energy balls market demand. The expansion of supermarkets and convenience stores, coupled with the availability of different energy ball flavours in these distribution channels, also provides a positive market outlook. With high proliferation of smartphones, online retail stores are gaining traction and creating new opportunities for the market.

Competitive Landscape

Deliciously Ella Ltd, founded in 2012, is a plant-based food platform, headquartered in London, the United Kingdom. It is known for its food and wellness app, cookbooks, and food products in the United Kingdom.

The Protein Ball Co, established in 2015, is a provider of protein and vitamin balls, based in West Sussex, the United Kingdom. Its products consist of healthy and natural ingredients that contain no added preservatives or gluten.

Fairnatural GmbH is a food and beverage company that was incorporated in 2017 and headquartered in Heidelberg, Germany. It provides high-quality organic food supplements to promote health and wellness among their consumers.

Other energy balls market players include The Hut.com Limited (Boostball), Bounce Brands Limited, Just Wholefoods Ltd, and Nüttree SARL, DIETE SPORT France (OVERSTIM.s), Betty Lou's Inc., among others.

Key Highlights of the Report

Energy Balls Market Report Snapshots

Energy Balls Market Size

Energy Balls Market Analysis

Energy Balls Market Share

Energy Balls Companies