About Energy Ball
The energy balls have a satiating combination of protein, good carbs, healthy fats and high in fiber. It is made up of dried fruit, nuts, seeds and other mix-ins. Each energy ball may offer 100-250 calories depending on the ingredients. It is a perfect healthy on-the-go snack before or after a workout. It is guilt-free, energy hit and the perfect snack.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Energy Ball is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Energy Ball market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bonbite NYC (United States), Bounce Foods ltd (United Kingdom), DELICIOUSLY ELLA LTD. (United Kingdom), Made In Nature, Inc. (United States), Betty Lou's Inc. (United States), Nomz (Canada), Nutrilicious Food Products (Ireland), JV Foodworks Pvt Ltd. (India) and Koa Natural Foods (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Boostball (Switzerland), Windmill (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Energy Ball market by Type (Organic Energy Balls and Conventional Energy Balls) and Region.
On the basis of geography, the market of Energy Ball has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Chanel, the sub-segment i.e. Specialty Stores will boost the Energy Ball market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Flavor, the sub-segment i.e. Chocolate Flavor will boost the Energy Ball market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Prevalence of Energy Food, Drinks and Gels
Market Growth Drivers:
Rising Awareness about Healthy Lifestyle among People, High Nutritional Content of the Energy Balls and Increased Disposable Income of the People
Challenges:
Fluctuations in the Raw Material Prices
Restraints:
Low Shelf Life of the Products
Opportunities:
Growing Consumer Preference for the Nutritional Food Products, Rising Food Industry Worldwide and Growth in the E-commerce Industry among the World
Market Leaders and their expansionary development strategies
In June 2019, Gluten-free snack manufacturer Wholebake acquired Bounce Foods for an undisclosed sum, rescuing the Surrey-based brand from administration. Bounce Foods, the maker of cereal bars and protein energy balls, called in administrators at RSM Restructuring.
In August 2020, Noble Foods Nutrition, acquired the co-packing activities of Betty Lou’s. Located in McMinnville, Oregon, Betty Lou’s manufactures products including energy bars, protein shakes, crackers and protein balls, under its own brand and others
Key Target Audience
Energy Balls Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.