Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the energy gum market provides an in-depth analysis of
segments and sub-segments in the global as well as regional energy gum market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional energy gum market over the short term as
well as the long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the global energy gum market. According to the
report, the global energy gum market is projected to grow at a CAGR of 7.82%
over the forecast period of 2021-2027. The global energy gum market was valued
at USD 109.9 Million in 2021 and is expected to reach USD 172.6 Million in 2027.
Energy gum is a caffeine-rich gum
that provides instant energy to alleviate the effects of sleep deprivation and
fatigue as well as improve alertness and mental performance. It works by
improving latent period, alertness, concentration, and cognitive performance,
particularly under conditions where sustained vigilance is important and
therefore the effects of sleep deprivation may be detrimental. Caffeine is the
key ingredient of energy gums, which improves physical ability and reduces
diabetes mellitus, cancer, and cardiac diseases. Energy gum is made with the
help of special ingredients and formulation additives. Mint, Sugar, Fruit Flavor,
mannitol, and various flavors are utilized in production to improve the taste.
Energy gums have witnessed an upheaval among fitness-conscious individuals who
regularly consume sports nutrition and fitness supplements.
The energy gum market has witnessed
significant growth because of the factors such as the increasing inclination of
millennials towards health & fitness supplement products has increased the
demand for energy gum. Additionally, increasing awareness towards fitness and
increasing adoption of healthy eating habits are some factors driving the
expansion of the worldwide energy gum market. Moreover, increasing the number
of fitness centers and changing lifestyles is additionally set to increase the
market growth. The increasing rate of sports participation and increase within
the number of healthcare centers are some factors driving the expansion of the
market. A number of youngsters choosing sports as a career option further
contribute to the expansion of the global energy gum market. However, the high
cost of raw materials and availability of other products are challenging the
expansion of the market. Moreover, increasing side effects like anxiety,
digestive issues, muscle breakdown, high-pressure level, stomach irritation,
nausea, and vomiting are further restraining its market growth during the
forecast period.
Based on the region, North America
accounted highest market share of the global energy gum market in the year 2020
and will lead the market during the forecast period. The major driving factors
of the energy gum market are the rising number of fitness clubs in the
countries such as the U.S., Canada, and Mexico. The higher involvement of the
young population in international and domestic sports will enhance the growth
of the region. Furthermore, rising health consciousness and the launch of
advanced supplements will boost the growth of the market in this region.
Moreover, the U.S. has the biggest active military bases in the globe, which
will propel the utilization of energy gums. However, the Asia-Pacific region is
expected to be the fastest-growing region during the forecast period. This is
because of the rising health consciousness between the people, rising aged
population, a growing franchise of fitness clubs, and changing food habits.
The report on the global energy gum
market covers segments such as flavour, application, and distribution channel.
On the basis of flavour, the sub-markets include mint, fruit flavour, and
others. On the basis of application, the sub-markets include fitness
training/exercising, sports, study, business, and others. On the basis of
distribution channel, the sub-markets include online, supermarket, convenience
store, and health stores.
The report provides profiles of
the companies in the market such as Mondelez International, Inc., Blast Power
Gum, BLOCKHEAD HQ Ltd, GumRunners LLC, NeuroGum, Mars, First Energy B.V.,
Energy Bomb, Lotte India, and Mastix LLC.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the energy gum market. Moreover, the study highlights current market
trends and provides forecasts from 2021-2027. We also have highlighted future
trends in the market that will affect the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight into the market share of the leading players.
Please Choose One of them.