The market is expected to generate an incremental $ opportunity of US$ 781.8Mn between 2022 and 2032
Category: Clean Energy & Power Published Date : November 2022 ID: CVC-00502 Format: PDF Pages: 300
Energy Gel Products Market Size Analysis
According to a recent survey conducted by ChemView Consulting, the Global Energy Gel Products Market grew at a CAGR of 6.2% between 2017-2021 and is estimated to be US$ 793.2Mn in 2022. Currently, the market is anticipated to grow at a CAGR of 7.1% and is expected to reach a valuation of US$ 1,575.0Mn by 2032 end.
Nutritional gels, sports gels, endurance gels, and carbohydrate gels are other names for energy gels. These are packaged in single-serve, tiny plastic packets, and each one includes a stripe with a notch that can be peeled off to reveal an orifice through which the gel can be swallowed. People consume energy gels because they provide quick energy for strenuous exercise and workouts like triathlons, jogging, swimming, and cycling.
Carbohydrates are the major ingredient used to make energy gels. The ingredients in all brands of energy gels are complex carbohydrate molecules rather than lipids or proteins. When the energy gel is ingested, the carbs are converted into blood.
Market Dynamic
THE FRUIT FLAVOR SEGMENT WILL STRENGTHEN ITS DOMINANCE THROUGHOUT THE FORECAST PERIOD
According to the industry’s projected 10-year estimate, the flavor type associated with the fruit flavor category is expected to keep market demand over US$ 592.2 billion. By 2032, the end of the forecast period, at least 3.9 lac units in this segment are predicted to be available.
Starting in 2012, the fruit flavor sector has remained in kind and size ever since. The makers and distributors, who make up the complete supply chain for energy gels, have teamed up with fruit flavor sub-segments with a relatively broad range of growth. In the upcoming years, the market for fruit flavors is anticipated to soar to new heights.
PRESENCE OF COST-EFFECTIVE SUBSTITUTE PRODUCTS
However, some factors, such as a large working population, which reduces the range of energy gel intake, impact the expansion of the global market for energy gel products. The availability of inexpensive replacement products hampers the development of the energy gel market. Nevertheless, the market’s expansion impacted several aspects of the global market for energy gel products.
THE ORANGE FRUIT FLAVOR SUBSEGMENT IS EXPECTED TO SEE A 2.0X INCREASE IN VALUATION THROUGHOUT THE PREDICTION PERIOD
Orange can be further separated into hues like berry, red, and pink. In the following ten years, the orange market is anticipated to outpace the global market, rising from over $ 200 million in 2023 to over US$1 billion by 2032. The fact that more people are consuming this fruit has greatly impacted the segment’s long-term growth. Compared to the assessment period, it occurs in larger volumes over the years.
Market Segments Covered in Report
By Flavor Type:
By Distribution Channel:
By Region and Country:
Segment-Wise Analysis
Which flavor type is increasing in its demand in the anticipated period?
The fruit segment is increasing in its demand in the anticipated period.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Competition Analysis
Key companies are pursuing a range of strategies, including mergers and acquisitions, to strengthen their positions and channels of distribution within the global corporation. In addition, many important companies are developing and launching new products to increase their capacity and establish themselves in the market.
The recent developments in the Global Energy Gel Products Market:
A list of some of the key suppliers present in the market are:
Report Coverage and Highlights
Research Scope | Details |
Forecast period | 2022-2032 |
Historical data available for | 2017-2021 |
Market analysis | USD Million for Value and Tons for Volume, and CAGR from 2022 to 2032 |
Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
Key segments covered | By Flavor Type, Distribution Channel, and Region |
Customization scope | Available upon Request |
Pricing and purchase options | Available upon Request |