Energy Gums Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Energy Gums Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global energy gums market size reached US$ 93.9 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 149.8 Million by 2028, exhibiting a growth rate (CAGR) of 7.94% during 2023-2028.

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 2023-2028. 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.

Key Questions Answered in This Report

1. What was the size of the global energy gums market in 2022?
2. What is the expected growth rate of the global energy gums market during 2023-2028?
3. What has been the impact of COVID-19 on the global energy gums market?
4. What are the key factors driving the global energy gums market?
5. What is the breakup of the global energy gums market based on the flavor?
6. What is the breakup of the global energy gums market based on the application?
7. What is the breakup of the global energy gums market based on the distribution channel?
8. What are the key regions in the global energy gums market?
9. Who are the key players/companies in the global energy gums market?