Energy Bar Market set to grow at a robust 7.3% CAGR driven by increasing health consciousness

The global energy bar market has been gaining significant traction over the past few years, with rising preference for energy bars among health conscious consumers. Energy bars are nutritional snacks that are highly nutritious and energy dense. They contain a balanced ratio of carbohydrates, proteins and fats that provide a sustained release of energy. Energy Bar Market Growth today come in various flavors and are fortified with vitamins and minerals to meet essential daily nutrient requirements. Moreover, the small, easy to carry format of energy bars have made them a popular choice among athletes and outdoor enthusiasts.

The Global Energy Bar Market is estimated to be valued at US$ 3.9 Bn in 2024 and is expected to exhibit a CAGR of 7.3% over the forecast period 2024 To 2031.

Key Takeaways

Key Players: Key players operating in the energy bar Market are Merck & Co., Inc., Eli Lilly and Company, Bristol-Myers Squibb Company, Astrazeneca Plc., Fresenius Medical Care AG & CO. KGAA, and F. Hoffmann-la Roche Ltd. (Genentech, Inc.), among others. These players are focusing on new product launches and strategic collaborations to strengthen their market position.

Growing Demand:

Growing prevalence of obesity and lifestyle diseases has fuelled the demand for nutritious on-the-go snacks like energy bars. Additionally, increasing participation in sports and fitness activities among millennials has boosted sales of energy bars globally.

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