Increasing adoption of the online stores and the blooming increase in the retail market and manufacturers are increasing the growth of the market especially in the North-American region.
According to the current analysis of Introspective Market Research, the global Organic Energy Bar market was valued at USD 312.89 Million in 2019 and is expected to reach USD 849.23 Million by the year 2026, at a CAGR of 7.42%.
Energy Bars are nutritious and healthy supplemented chocolate type bars, which provide instant boost of energy on consumption and are made up of cereals, dry fruits, wheat, whey, oats and nuts. Requirements of proteins, fats, and carbohydrates in the body which is needed for the nutritional value is fulfilled by these organic energy bars. And as they are made from all the healthy organic materials and products they are very much in demand in younger generation.
According to the analyst, increasing awareness regarding harmful effects of non-healthy ingredients used in food among customers across the globe, there is a sudden purge in the demand for organic food products. Consumers trying to maintain or lose weight, suffering from obesity and wheat allergy, prefers to eat gluten-free products. Gluten is found in grains such as wheat, barley, rye, and a cross between wheat and rye called triticale. To cater to the demand of consumers, many of the food processing companies are providing gluten-free energy bars.
By the end of 2027, the Organic Energy Bar market size is estimated to be at USD 898.16 million. The major factors that are driving the market is the urgency for the simplified business processes.
The Organic Energy Bar market is segmented by Category (Gluten-Free and Conventional), by Store-Based (Supermarkets & Hypermarkets, Convenience Stores and others) , by Non-Store-Based (online grocery stores and applications). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest:
- Increasing demand form the online retailers for the gluten free food and the organic food and the supply chain from the developed countries are increasing the market.
- Hotels and the offline based stores are thriving as the corporate individuals are adapting these energy bars in their daily lifestyle.
- The segment non-store-based distribution channel is the fastest growing segment in the components and is expected to grow more in the forecast period due to the high demand form the major industry players.
- The United States holds the largest market share for the consumption of organic energy bar as there is a large number of increases in the disease like obesity which is impacting the market.
Key Participants like Clif Bar & Company, General Mills Inc., Mehret Bar, TAOS MOUNTAIN ENERGY FOODS, LLC , BumbleBar Inc., ATRIUM, INNOVATIONSINC., Fullwell Mill Ltd, CHIMPANZEE NATURAL NUTRITION, Haco Holding AG, Atkins Nutritionals, Inc., Quest Nutrition, LLC (US)McKee Foods Corporation, Kellogg Company, Quaker Oats Company, Power Bar, Inc., Abbott Nutrition Manufacturing Inc.
For this report, Introspective Market Research have segmented the Organic Energy Bar markets market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2025)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM