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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Energy Balls Market Size
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.
Energy Balls Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 369.29 million.
The market is projected to grow at a CAGR of 6.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032, reaching a value of around USD 648.75 million by 2032.
The major market drivers are the burgeoning popularity of health and wellness trends and the ease of preparation of energy balls.
The key trends of the market include the rising demand for clean labelled energy balls, the inclusion of superfood ingredients in energy balls, the launch of vegan energy ball products, and the implementation of sustainable packaging options.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Various distribution channels are hypermarket/supermarket, convenience stores, speciality stores, and online, among others.
The key players in the market are The Hut.com Limited (Boostball), Bounce Brands Limited, Deliciously Ella Ltd, The Protein Ball Co, Fairnatural GmbH, Just Wholefoods Ltd, and Nuttree SARL, DIETE SPORT France (OVERSTIM.s), and Betty Lou's Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124