Energy Bar Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LONDON, GREATER LONDON, UK, August 23, 2024 /EINPresswire.com/ -- The energy bar market has experienced robust growth in recent years, expanding 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, a shift in consumer lifestyles, growth of interest in weight management, innovation in ingredients, convenience, and on-the-go nutrition.
Strong Future Growth Anticipated
The energy bar market is projected to continue its strong growth, reaching $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, and expansion of the fitness industry.
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Growth Driver Of The Energy Bar MarketIncreasing 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 for fitness enthusiasts and help them meet their fitness goals.
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Major Players And Market TrendsKey players in the energy bar market include Lotus Bakeries NV, General Mills Inc., Clif Bar & Company, ProBar LLC, Post Holdings Inc., Bumble Bar Inc., PepsiCo Inc., Kind LLC.
Major companies operating in the energy bar market are focused on introducing advanced varieties, such as muesli bars, to increase their profitability in the market. Muesli Bars are nutritious and energy-packed snacks made from a mixture of rolled oats, nuts, seeds, dried fruits, and other wholesome ingredients.
Energy Bar Market Segments:1) By Type: Protein Bar, Nutrition Bar, Cereal Bar, Fiber Bar2) By Nature: Organic, Conventional3) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, Specialty Stores, Online Stores, Other Distribution Channels
Geographical Insights: North America Leading The MarketNorth America was the largest region in the energy bar market in 2023. Europe is expected to be the fastest-growing region in the global energy bar market during the forecast period. The regions covered in the energy bar market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Energy Bar Market DefinitionAn 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.
Energy Bar Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Energy Bar Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on energy bar market size, energy bar market drivers and trends, energy bar market major players, energy bar competitors' revenues, energy bar market positioning, and energy bar market growth across geographies. The energy bar market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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August 23, 2024, 14:00 GMT
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