In 2021, the Energy Gel Products Market is expected to be worth $637 million. By 2027, the market is expected to increase at a CAGR of 7.8%, reaching US$ 1 billion.
Future Industry Insights has released a new report named “Energy Gel Products Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)” that examines significant market developments, trends, key players, growth factors, and forecasts across key regions. Thorough market segmentation is conducted, examining every aspect of the energy gel products industry.
In the worldwide energy gel market, awareness-based marketing, higher retail shelf visibility, improved energy gels, growing demand for combination flavors, rising preference for gels over energy drinks, and clean label goods are just a few of the trends noted.
Various factors that drive the growth of the global energy gel market include increasing health awareness, which has sparked the consumption of energy drinks and gels, rising demand for flavored energy gels, improved overall supply chain, rising demand for beverages, rising domestic population coupled with high consumer preference for energy gel products, improved retailing, and rising research and development expenditure.
Global Energy Gel Products Market: Forecast
During the assessment period, the global energy gel market is expected to rise at a rapid pace. From a market valuation of US$ 477 Mn in 2017, the global market is predicted to develop at a value CAGR of 7.8% to reach a market valuation of US$ 1 Bn in 2027. Since 2012, this market has shown tremendous expansion.
Global Energy Gel Products Market: Key Segmental Highlights
The global energy gel market is divided into three categories: flavor (fruit, vanilla, and chocolate), distribution channel (supermarket/hypermarket, specialty shop, online store, and others), and geography (North America, Western Europe, Latin America, Eastern Europe, Asia Pacific excluding Japan, Japan, and the Middle East and Africa). Orange, strawberry, raspberry, and lemon are sub-segments of the fruit flavor type segment.
- In terms of distribution channels, specialty retailers are predicted to lead the global market with a large market share. It is predicted to grow at a healthy rate, reaching a value of around US$ 368 million by 2027.
- The supermarket/hypermarket segment is predicted to develop at the fastest rate by distribution channel during the projection period, with a CAGR of 8.7%. From a market value standpoint, this area is second only to specialty stores, and it has a lot of promise in the coming years.
- The fruit flavor sector is expected to lead the market with a strong CAGR. During the assessment period, the chocolate segment is expected to have the highest CAGR of 8.7%. North America region is expected to be the fastest-growing region followed by Western Europe, Latin America, and the Asia Pacific excluding Japan (APEJ). North America is poised to reflect a high CAGR of 8.5% by value during the period of assessment.
Global Energy Gel Products Market: Competitive Landscape
The worldwide energy gel market research report contains an analysis of the market’s major competitors. This research report profiles firms including 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.