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Energy Gums Market Report by Flavor (Mint, Fruit Flavor, and Others), Application (Fitness Training and Exercising, Sports, Study, Business, and Others), Distribution Channel (Online, Offline), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A5817
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Market Overview:
The global energy gums market size reached US$ 101.4 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 188.7 Million by 2032, exhibiting a growth rate (CAGR) of 7% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 101.4 Million |
| Market Forecast in 2032 | US$ 188.7 Million |
| Market Growth Rate (2024-2032) | 7% |
Energy gums is a soft, energy-rich, flavor-filled gum that functions as an energy supplement. It is prepared by softening gum bases, which are later infused with other ingredients, such as flavoring agents, sweeteners, color additives, softeners, caffeine, vitamins, and ginseng. Energy gum helps improve attention, concentration, reaction time and cognitive performance. It also works efficiently to enhance mental alertness and focus and relieve the impact of sleep deprivation and tiredness on the mind and body. Besides this, energy gum aids in increasing stamina, boosting metabolism and endurance, promoting blood flow and maximum burning of calories during physical activities, and preventing drowsiness. As a result, energy gums are widely used during sports, exercising and fitness training activities.
Energy Gums Market Trends:
The increasing consumer inclination toward health and fitness supplements is creating a positive outlook for the market. Energy gums consist of caffeine that supports the immune system, works as an anti-inflammatory agent, optimizes blood circulation, and exhibits various stress-relieving properties. In line with this, the rising participation in physical activities has facilitated the widespread product adoption among fitness enthusiasts and trainers to seek instant energy, which is favoring the market growth. Apart from this, various product innovations, such as the introduction of mint and fruity flavors that offer a refreshing taste with a sense of cooling effect and a perfuming aroma, are providing an impetus to the market growth. Additionally, the easy product availability across e-commerce platforms and supermarkets, rapid urbanization, and evolving lifestyles of consumers are supporting the market growth. Other than this, the enactment of various laws monitoring caffeine being used as an energy supplement, the increasing use of natural ingredients in the formulation of energy gum, and novel product developments focusing on attracting a more extensive consumer base are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global energy gums market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on flavor, application and distribution channel.
Breakup by Flavor:
- Mint
- Fruit Flavor
- Others
Breakup by Application:
- Fitness Training and Exercising
- Sports
- Study
- Business
- Others
Breakup by Distribution Channel:
- Online
- Offline
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Million |
| Segment Coverage | Flavor, Application, Distribution Channel, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | 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. |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global energy gums market was valued at US$ 101.4 Million in 2023.
We expect the global energy gums market to exhibit a CAGR of 7% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of energy gums.
The rising consumer awareness towards numerous benefits of energy gum, such as increasing stamina, boosting metabolism and endurance, promoting blood flow and maximum burning of calories during physical activities, etc., is primarily driving the global energy gums market.
Based on the flavor, the global energy gums market can be categorized into mint, fruit flavor, and others. Currently, mint accounts for the majority of the total market share.
Based on the application, the global energy gums market has been segregated into fitness training and exercising, sports, study, business, and others. Among these, fitness training and exercising currently holds the largest market share.
Based on the distribution channel, the global energy gums market can be bifurcated into online and offline. Currently, offline exhibits a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global energy gums market include 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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