MARKET INTRODUCTION
Energy gum is an energy-rich and flavor-filled gum, which deliver instant energy in an efficacious manner to improve mental alertness and also alleviate the effects of sleep deprivation & fatigue instantly. It is prepared by softening gum bases coupled with mixing it with other ingredients such as caffeine, taurine, B-vitamins, and others. It is an instant booster of energy for consumers, which could improve his reaction time, mental alertness, concentration, and mental & cognitive performance. Sugar, aspartame, liquid glucose, sorbitol, mannitol, xylitol, and various flavors are the other ingredients used in manufacturing to reduce bitterness and improve the taste. Energy gums have witnessed an upheaval among fitness-conscious individuals who regularly consume sport nutrition and fitness supplements.
MARKET DYNAMICS
The energy gum market has witnessed a significant growth owing to factors such as increasing inclination of millennials towards health & fitness supplement products has increased the demand for energy gum. Market players are offering energy gum with various flavors, including mint, fruits, and others, which is further propelling the market growth for energy gum. Easy availability of energy gum through supermarkets and hypermarkets, convenience stores, specialty stores, online stores is again putting impact on market growth. However, fluctuation in the prices of raw material and the availability of substitute products may hamper the growth of this market. Nevertheless, with the steady growth of the food processing industry, the market players have the opportunity to invest in this market.
MARKET SCOPE
The "Global Energy Gum Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the energy gum market with detailed market segmentation by flavor, application, distribution channel, and geography. The global energy gum market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading energy gum market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global energy gum market is segmented on the basis of flavor, application, and distribution channel. On the basis of flavor, the energy gum market is segmented into mint flavor, fruit flavor, and others. Based on application, energy gum market is segmented into fitness training and exercising, sports, and others. The energy gum market on the basis of the distribution channel is classified into supermarkets and hypermarkets, convenience stores, specialty stores, online stores, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global energy gum market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The energy gum market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the energy gum market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the energy gum market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global energy gum market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from energy gum market are anticipated to lucrative growth opportunities in the future with the rising demand for energy gum in the global market. Below mentioned is the list of few companies engaged in the energy gum market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the energy gum market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Blast Power Gum
- BLOCKHEAD HQ Ltd
- Energy Bombs
- GelStat Corporation (Mastix LLC)
- GumRunners, LLC
- Lotte Group
- Mars Inc.
- Mondelez International, Inc
- NeuroGum
- Zestl International NZ Ltd
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.