Market Overview:
Organic Energy Bar Market Size Was Valued at USD 8.07 Billion in 2022 and is Projected to Reach USD 11.44 Billion by 2030, Growing at a CAGR of 4.46% From 2023-2030.
Natural Energy bars are nutritious and sound-enhanced chocolate-type bars, which give a moment increase in energy on utilization and are comprised of grains, dry organic products, wheat, whey, oats, and nuts. The basics of proteins, fats, and sugars in the body which are required for the health benefit are satisfied by these Natural Energy Bars. What's more, as they are produced using solid natural materials and items they are a lot of popularity in the more youthful age. The analyst says that there has been a sudden uptick in demand for organic food products due to customers' increased awareness of the negative effects of food ingredients that aren't healthy.
Top Key Players Covered In The Organic Energy Bar Market:
- Clif Bar & Company (US)
- General Mills Inc. (US)
- Mehret Bar (US)
- TAOS MOUNTAIN ENERGY FOODS (US)
- BumbleBar Inc. (US)
- ATRIUM (US)
- INNOVATIONS INC. (US)
- Fullwell Mill Ltd (UK)
- CHIMPANZEE NATURAL NUTRITION (Czechia)
- Haco Holding AG (Switzerland), and Other Major Players.
Market Dynamics and Factors:
The demand for energy bars has increased as a result of the growing preference for packaged snacks and confectionery foods. Additionally, the desire to save time while cooking and hectic work schedules contribute to the rising demand for energy bars. Consumption of energy bars has increased as a result of an increase in consumers' purchasing power and a growing preference for flavorful food. Revenue went up a lot as more people from all over the world participated in cultural events and activities. In addition, snack product ingredient variations pique consumers' interest and encourage them to buy snacks based on their requirements, propelling the energy bar market's expansion.
The rising demand for diet foods has led to an increase in the consumption of energy bars that are low in fat and carbs. In addition, the production of gluten-free and non-allergic nutrition foods has become more convenient as a result of increasing awareness of the health benefits of natural, chemical-free foods. Additionally, the demand for energy bars has grown as a result of the growing popularity of pre-packaged snacks for on-the-go consumption. Additionally, the rise in diabetes prevalence has led to an increase in the consumption of low-sugar foods, opening up new markets.
Key Industry Development:
In June 2022, Clif Bar & Company, a well-known American manufacturer of wholesome energy bars made with organic ingredients, will be acquired by Mondelez International, Inc. for $2.9 billion-plus potential earnout payments.
Organic Energy Bar Market Segmentation:
By Type
- Protein Bar
- Nutrition Bar
- Others
By Distribution Channel
- Supermarkets and Hypermarkets
- Convenience Stores
- Online Retailers
By End-User
- Adults
- Kids
