IMARC Group has recently released a new research study “Energy Gums Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
What are the growth prospects of the Energy Gums Industry?
The global energy gums market size reached US$ 86.1 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 138.62 Million by 2027, exhibiting a growth rate (CAGR) of 8.10% during 2022-2027.
What is a Energy Gums?
Energy gums are caffeine-rich, sweetened energy supplements that effectively provide and boost energy levels as required. They are manufactured by softening the gum bases and mixing them with flavorings, sweeteners, coloring agents, softeners, caffeine, vitamins, and ginseng. They enhance cognitive performance, reaction time, concentration, and attention. They also help improve endurance, metabolism, and blood flow during exercise to ensure that the most calories are burned and prevent drowsiness. As a result, energy gums are gaining immense popularity among sportspersons engaged in sports, fitness training, and exercise.
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What are the key factors driving in the energy gums market?
The global energy gums market is primarily driven by the shifting consumer inclination toward health and fitness supplements. Moreover, numerous product innovations, such as the introduction of mint and fruity flavors that provide a refreshing taste with a cooling sensation and a perfuming aroma, are positively influencing the market growth.
Additionally, energy gums contain caffeine that boosts the immune system, reduces inflammation, improves blood circulation, and has various stress-relieving effects. In line with this, the surging product adoption among fitness enthusiasts and trainers to seek instant energy due to rising participation in physical activities has catalyzed the market growth. Other factors, including easy product availability across e-commerce platforms and supermarkets, changing consumer lifestyles, and rapid urbanization, are also anticipated to drive the market further.
who are the key players/companies in energy gums market?
Apollo Energy Gum Germany, Blockhead HQ Ltd, First Energy B.V., GumRunners LLC, Military Energy Gum., NeuroGum, Rev Energy Gum, Simply Gum Inc., Thai Lotte Co. Ltd. and WUG Functional Gums.
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The report has been segmented the market into following categories:
Breakup by Flavor:
- Fruit Flavor
Breakup by Application:
- Fitness Training and Exercising
Breakup by Distribution Channel:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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