Energy Gel Products Market Size, Share, Growth, and Industry Analysis, By Type (Fruit, Vanilla, Chocolate, Others), By Application (Commercial, Household, Others), Regional Insights and Forecast to 2031

Updated On: 20 November 2023

ENERGY GEL PRODUCTS MARKET REPORT OVERVIEW

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The global energy gel products market size expanded rapidly in 2022 and the market is projected to grow substantially by 2028, exhibiting a prodigious CAGR during the forecast period.

Energy gels are also known as nutritional gels, sports gels, endurance gels or carbohydrate gels. Energy gels are often supplied as a single dose and in small plastic containers. Energy gels are sometimes called nutritional gels, carbohydrate gels, endurance gels, and sports gels. They are stored and dispensed in a disposable and compact plastic package consisting of a small notch in the upper corner, which can be easily removed to reveal an opening from which to enjoy the drink.

The main growth factor of the market is the increasing consumption by the younger generation, sports and fitness enthusiasts, and the growing awareness of the benefits of energy gel products, such as the fact that they provide instant energy as intended intense exercise and training such as cycling, running, swimming and triathlon. Increasing awareness of the benefits associated with energy gel products will further support their growth during the forecast period.

COVID-19 Impact: Market Growth Restrained by Pandemic due to Supply Chain Disruptions

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

The global market was adversely affected by Covid-19 as the demand for energy drinks decreased significantly during the season. Many sporting events were canceled during 2020 and early 2021, which was one of the main reasons why the demand for energy gels dropped significantly. While most of the population focused on staying away from fizzy or flavored drinks to avoid any disease, the growth of the global market stopped at that point.

LATEST TRENDS

"Increasing Consumer Demand For Quick Energy Products Foster Market Growth"

The latest trend and consumer demand for quick energy products will lead to the energy gel products market growth. In the sports sector, energy gels have gained a lot of popularity because they provide nutrition that helps athletes increase their energy levels for long workouts. The growing trend of online shopping will also support the growth of the market during the forecast period. The increase in the number of sporting events around the world is also fueling the growth of the energy gels market. On the other hand, there are several opportunities for energy gels, as the food and beverage industry is a large sector and many players are involved in the production of nutritional products.

ENERGY GEL PRODUCTS MARKET SEGMENTATION

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• By Type

Based on type the global market can be categorized into fruit, vanilla, chocolate, others.

The growth of the fruit segment is due to the availability of multiple fruit flavors and the higher nutritional value of fruit-based energy gel products.

• By Application

Based on application the global market can be categorized into commercial, household, others.

Energy gels are sometimes called nutritional gels, carbohydrate gels, endurance gels, and sports gels. They are stored and dispensed in a disposable and compact plastic package consisting of a small notch in the upper corner, which can be easily removed to reveal an opening from which to enjoy the drink.

DRIVING FACTORS

"Growing Trend of Cycling as a Physical Activity to drive the Market Growth"

The market is likely to grow during the forecast period due to the growing demand from consumer groups for an instant energy boost. Because energy gel products are carbohydrate drinks, they are known for their ability to provide quick and long-lasting energy. Many of these products contain several trace elements that are very healthy, which is why they are most popular among athletes. Due to the closure of gyms, swimming pools and other sports centers in 2021, the majority of the population has chosen cycling as their main mode of movement. The total revenue of the bicycle market was more in 2021, which was about 15% more than the revenue of the previous years. As the demand for cycles increases, so does the demand for energy gels, which contributes to the expansion of the global market.

"Technological Advances In Manufacturing And Product Ingredients to fuel Market Growth"

To overcome challenges related to the production process and ingredients, the food industry has seen major efforts to optimize production and production results, which should provide profitable growth opportunities for market expansion. One of the most important improvements is microbial biotechnology for sports energy gels, with increased research into the addition of Spirulina biomass to energy gels. Spirulina is an excellent source of minerals, proteins, polyunsaturated fatty acids and carotenoids and has a high nutritional value.

RESTRAINING FACTOR

"High Call And Deliver Hole To Pose A Task For Worldwide Marketplace Expansion"

The call for power gel merchandise has elevated significantly with inside the previous couple of years however due to numerous fluctuations in uncooked fabric pricing or complicated nature of the producing manner have caused an enormous hole among the call for and deliver which might also additionally pose a task for worldwide marketplace boom at some stage in the projection period. The deliver-call for hole can be decreased due to the growing wide variety of home gamers and technological development with inside the field, but extra tasks with the aid of using non-public corporations and authorities corporations are required to useful resource the space reduction.

ENERGY GEL PRODUCTS MARKET REGIONAL INSIGHTS

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"North America Dominate the Market due to Presence Several Key Players "

North America accounts for the largest energy gel products market share and is projected to dominate the global market during the forecast period. One of the main reasons for the growth of the area is that there are several key players in the area, because there are more cycling, swimming and other sports in the area. As the demand for energy-boosting drinks is relatively higher in the US and Canada, the demand for energy gels is also increasing.

KEY INDUSTRY PLAYERS

"Key Industry Players Shaping the Market through Innovation and Market Expansion"

The energy gel products market is significantly influenced by key industry players that play a pivotal role in driving market dynamics and shaping consumer preferences. These key players possess extensive retail networks and online platforms, providing consumers with easy access to a wide variety of options. Their strong global presence and brand recognition have contributed to increased consumer trust and loyalty, driving product adoption. The collective efforts of these major players significantly impact the competitive landscape and future trajectory of the market.

List of Market Players Profiled

• Advanced Food Concepts (U.S.)
• Nutrition Works (U.S.)
• Boom (China)
• Clif Bar (U.S.)
• Gatorade (U.S.)
• Hammer (Japan)
• Powerbar (U.S.)
• Zipvit (U.K.)

INDUSTRIAL DEVELOPMENT

July 2022: Protein Rebel launched a crowdfunding initiative to raise money for the UK's first maple syrup energy gel, marketed as Maple Ignite. The product is made with just two ingredients, sea salt and pure Canadian maple syrup. With this initiative, the brand aims to compete with industrially produced energy gel products that cause stomach upset or stomach pain.

REPORT COVERAGE

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.