The energy gel product market is evaluated to be sized at US$ 684.54 million in 2024. During the period from 2024 to 2034, the market is expected to progress at a promising clip, registering a CAGR of 7.6%. By 2034, the energy gel product market is anticipated to have reached US$ 1,412.23 million.
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Growing Factor:
Key growth factors in the energy gel products market include the sustained dominance of the fruit flavor category, driven by diverse growth strategies within the energy gel market chain. Additionally, the chocolate segment’s ascendance with a robust CAGR of 8.7% signifies its significant market share and sustained demand. These factors, coupled with the favorable regional dynamics in North America, Western Europe, Latin America, and the Asia Pacific region, contribute to the market’s accelerated growth.
“Popularity of energy gels among sports and fitness enthusiasts propel the global growth of the energy gel products market over the forecast period,” says an FMI analyst.
Key Takeaways:
- Prevailing diet and fitness trends will strengthen the overall market prospects.
- The fruit flavor segment is expected to generate a demand of US$ 592.2 Bn.
- Orange fruit flavor subsegment will observe a 2x increase in valuation.
- The chocolate segment will generate lucrative opportunities for growth.
- The energy gel products market in North America will grow at 8.5% CAGR.
- The energy gel products market in Japan will grow due to their high popularity and availability of a variety of products.
- Health and fitness trends will drive the target market in the U.K.
Competitive Landscape
Advanced Food Concepts, Inc., Nutrition Works Ltd., Boom Nutrition Inc., Clif Bar & Company, EN-R-G Foods, LLC, Gatorade Company, Inc., Hammer Nutrition Ltd., Powerbar Inc., Zipvit Ltd., and Scientific Sports Nutrition (Pty) Ltd. among others are some of the major players in the energy gel products market profiled in the full version of the report.
Leading market players are focusing on strengthening their market position and their distribution channels by adopting various strategies like mergers and acquisitions. These enterprises are keen on developing their product lines, releasing new products, and expanding their capacity to gain a competitive edge.
According to the latest FMI reports, based on segmentation, the chocolate flavor segment is expected to grow at a CAGR of 8.7% while the orange fruit flavor segment will demonstrate a 2x increase during 2022-2032. In general, the fruit flavor segment is likely to dominate the energy gel products market, accounting for a demand of over US$ 592.2 Bn during the forecast period.
Based on region, the energy gel products market in North America is anticipated to present considerable growth due to the high awareness of health and fitness. The escalating number of sports enthusiasts in the United States further aids the growth of the energy gel products market in North America. The region, hence, dominates the market in the global space with a high CAGR of 8.5%. China, Japan, and the United Kingdom are some other countries that will exhibit notable growth during the forecast period.
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Energy Gel Products Market by Category-
By Flavour Type, Energy Gel Products Market is Segmented as:
- Fruit
- Orange
- Strawberry
- Raspberry
- Lemon
- Vanilla
- Chocolate
- Others
By Distribution Channel, Energy Gel Products Market is Segmented as :
- Supermarket/hypermarket
- Specialty Store
- Online Store
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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