Energy Gums Market Predicted to Hit US$ 149.8 Million by 2028

IMARC Group, a leading market research company, has recently releases report titled "Energy Gums Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the global energy gums market analysis, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

What is Energy Gums?

Energy gums are specialized chewing gums that are formulated to provide a quick and convenient boost of energy. These gums typically contain ingredients such as caffeine, B-vitamins, and other stimulants that help enhance alertness, focus, and stamina. Energy gums are designed to be chewed, allowing the active ingredients to be absorbed through the oral mucosa and into the bloodstream, providing a faster onset of energy compared to traditional energy drinks or supplements. They are popular among athletes, fitness enthusiasts, and individuals seeking a quick and portable energy boost during physical activities or to combat fatigue. Energy gums offer a convenient and discreet alternative to other energy products and are available in various flavors and formulations to cater to different preferences and dietary needs.

How Big Is the Energy Gums Market?

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.

Global Industry Trends and Drivers:

Presently, the rising adoption of portable and quick energy solutions among the masses around the world represents one of the major factors strengthening the growth of the market. Apart from this, the growing demand for energy gums due to the increasing health consciousness among individuals is offering a positive market outlook. In line with this, the rising utilization of energy gums on account of the rising number of fitness enthusiasts around the world is offering lucrative growth opportunities to industry investors. Besides this, the wide availability of energy gums through various distribution channels, such as hypermarkets, supermarkets, and convenience and online stores, across the globe is supporting the growth of the market. Moreover, the increasing consumer demand for energy gums with lower sugar content, natural ingredients, and limited or no caffeine is contributing to the growth of the market.

What Is Included In Market Segmentation?

The report has been segmented the market into following categories:

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

The report provides a comprehensive analysis of the industry key players listed below:

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 highlights of the Report:

• Market Performance (2018–2023)
• Market Outlook (2023–2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape