Report ID: SQMIG30D2013
Report ID:
SQMIG30D2013 |
Region:
Global |
Published Date: December, 2024
Pages:
193
|
Tables:
89 |
Figures:
70
Global energy bar market size was valued at USD 3.3 Billion in 2022 and is poised to grow from USD 3.47 Billion in 2023 to USD 5.12 Billion by 2031, growing at a CAGR of 5.00% in the forecast period (2024-2031).
The growing trend of on-the-go snacking is becoming extremely popular among children owing to their need for regular meals while adults prefer them due to active hectic lifestyles. Other factors, such as growing disposable incomes, ease of carrying, and increasing health concerns, are also augmenting the market growth. The consumer demand for convenient and healthy on-the-go snack options is the primary driving factor for the sales of energy bars globally. They are the ideal solution for adults who need instant results due to their small packaging and high energy content. There has been a growing demand for healthy and convenient food that can be consumed instantly without any preparation owing to fast-paced lifestyles and the need for instant energy among adults. Energy bars, which are packed into small quantities containing high amounts of instant energy and all the daily essential nutrients and micronutrients, have been widely adopted, thus propelling the energy bar market growth. The increasing participation of individuals in sports, physical fitness, and recreational activities represent one of the key factors catalyzing the demand for energy bars as they provide post-workout nutrition to repair minor muscle tears and build new muscle tissue. In addition, the rising health consciousness among individuals and their shifting preferences toward healthy and nutritious snacking options like energy bars is impelling market growth.
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Report ID: SQMIG30D2013