Demand for energy bars is increasing significantly amid growing, especially among health-conscious consumers. According to Coherent Market Insights, the global energy bar industry size is set to expand at 5.3% CAGR, reaching US$ 4.85 billion by 2030.
Nature Essential Foods Pvt Ltd, Kellogg Company, General Mills Inc., ProBar LLC, Kind LLC, OTE Sports, and Lotus Bakeries are few leading energy bar manufacturers. Top players are constantly innovating to create new formulations for diverse dietary needs and preferences. They are also focusing on using sustainable packaging solutions for their products.
In August 2022, Mondelez International, Inc. completed the acquisition of Clif Bar & Company, a prominent United States-based manufacturer of nutritious energy bars with organic ingredients. The acquisition will help Mondelez to expand its global snack bar business. It will also help the company to deliver high and sustainable growth.
In August 2024, Pakka Limited and Brawny Bear partnered to introduce India’s first energy bar with compostable packaging. Brawny Bear’s Date Energy Bar will be packaged using Pakka Limited’s novel compostable flexible packaging solution. The new solution offers a healthier snack option while also aligning with the brand’s commitment to environmental sustainability.
Key Factors Propelling Energy Bar Industry Growth
The future of energy bar industry looks bright. This is due to rising health awareness and growing demand for convenience and on-the-go snacking.
Today, people are becoming busy and more health conscious. This is expected to create demand for healthy and convenient food options like energy bars.
Energy bars are a convenient way to boost energy levels and provide various health benefits. As a result, their demand is increasing significantly, and the trend will likely continue in the coming years.
Rising popularity of fitness activities and sports is also playing a key role in boosting energy bar sales. These bars contain high protein content to aid muscle recovery and growth.
Leading manufacturers are striving to develop energy bars with various ingredients and flavors. New varieties like vegan energy bars and gluten-free energy bars are making their way into the industry. These new varieties cater to different needs of consumers.
Easy availability of energy bars through online platforms will likely boost sales growth. Similarly, innovations in energy bar packaging and growing demand for plant-based energy bars are set to facilitate industry expansion.
Regional Insights
North America dominates the global energy bar industry and the trend will likely persist through 2030. This is due to rising demand for functional foods and growing popularity of on-the-go snacking.
Asia Pacific and Europe are expected to offer lucrative growth opportunities to energy bar manufacturers. This can be attributed to growing health awareness and increasing demand for energy bars as convenient and nutritious snacks.
