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Energy Gel Products Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

  • Category : Consumer Goods and Food and Beverages
  • Pages : 250 Pages
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The Energy Gel Products Market Size accounted for USD 624.1 Million in 2023 and is estimated to achieve a market size of USD 1,217.8 Million by 2032 growing at a CAGR of 7.8% from 2024 to 2032.

Energy Gel Products Market Highlights

  • Global energy gel products market revenue is poised to garner USD 1,217.8 million by 2032 with a CAGR of 7.8% from 2024 to 2032
  • North America energy gel products market value occupied around USD 218.4 million in 2023
  • Asia-Pacific energy gel products market growth will record a CAGR of more than 9% from 2024 to 2032
  • Among flavor type, the fruit sub-segment generated over US$ 243.4 million revenue in 2023
  • Based on distribution channels, the online store sub-segment generated notable energy gel products share in 2023
  • Expanding markets in developing regions with rising disposable incomes is a popular energy gel products market trend that fuels the industry demand

Energy gels, also referred to as nutritional gels, sports gels, endurance gels, or carbohydrate gels, come in single-serve, small plastic packets. Each packet has a strip with a small notch at the top that can be peeled to reveal an opening through which the gel can be consumed. The primary reason for consuming energy gels is that they provide instant energy for intensive exercises and workouts such as cycling, running, swimming, and triathlons. The main ingredient in energy gels is carbohydrates. All brands that produce energy gels do not include fats or protein; they consist of complex carbohydrate compounds. When consumed, the carbohydrates are absorbed into the bloodstream to supply the body with the necessary calories.

Global Energy Gel Products Market Dynamics

Market Drivers

  • Rising fitness consciousness
  • Increasing growth in endurance sports
  • Growing convenience and portability demand
  • Expanding popularity of adventure sports and outdoor activities

Market Restraints

  • Taste and texture concerns rising
  • Growing digestive sensitivity awareness
  • Price point challenges increasing

Market Opportunities

  • Rising demand for natural and organic formulations
  • Increasing interest in customization and personalization
  • Growing trend towards plant-based and vegan options

Energy Gel Products Market Report Coverage

Market Energy Gel Products Market
Energy Gel Products Market Size 2022 USD 624.1 Million
Energy Gel Products Market Forecast 2032 USD 1,217.8 Million
Energy Gel Products Market CAGR During 2023 - 2032 7.8%
Energy Gel Products Market Analysis Period 2020 - 2032
Energy Gel Products Market Base Year
2022
Energy Gel Products Market Forecast Data 2023 - 2032
Segments Covered By Flavor Type, By Distribution channel, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled CarbBoom Energy Gel, Clif Shot Energy Gel, Honey Stinger Natural Energy Gel, GUEnergy Gel, Getorade, Advanced Food Concepts, Inc., Nutrition Works Ltd, Clif Bar & Company, EN-R-G Foods, LLC, Hammer Nutrition Ltd., Powerbar Inc, Zipvit Ltd., and Scientific Sports Nutrition (Pty) Ltd
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis

Energy Gel Products Market Insights

The growing global population is increasing the demand for food products. Additionally, there is a trend among the youth towards instant energy products, and rising awareness of the benefits of energy gel products is spurring market growth. However, there are many substitutes for energy gels in the vast food and beverage industry, with numerous players involved in manufacturing nutraceutical products. The increasing number of sports events globally also contributes to the expansion of the energy gels market. The rising demand for organic energy products and the growing trend of online shopping are expected to propel growth over the energy gel products market forecast period.

Complexity during manufacturing and fluctuations in raw material costs hamper the global energy gel products market growth. The price of energy gel products varies depending on the political and economic situation of the region or country. Manufacturers import raw materials, which may affect market growth. Another challenge is the complexity of manufacturing energy gel products. There are various manufacturing processes, and mixing healthy products and ingredients is particularly challenging because these products are made for boosting the energy of athletes, sportspersons, and others. Manufacturers must ensure that the products do not have negative effects, following standard protocols. These factors will restrain the market during energy gel products industry forecast period.

Energy Gel Products Market Segmentation

The worldwide market for energy gel products is split based on flavor type, distribution channel, and geography.

Energy Gel Product Market By Flavor Types

  • Fruit
    • Orange
    • Strawberry
    • Raspberry
    • Lemon
  • Vanilla
  • Chocolate
  • Others

In terms of the flavor type segment, the market is classified into fruit, vanilla, chocolate, and other flavors. According to energy gel products industry analysis, fruit has held the largest portion in past years within the flavor type segment and is likely to continue its dominance throughout the forecasted timeframe from 2024 to 2032. Fruits are easily available, and their high nutrient value in fruit-based energy gel products is a significant factor driving the growth of the market share. There are various flavors available within the fruit segment, including orange, strawberry, raspberry, and lemon. Within the fruit segment, the orange flavor has held a major revenue share of the market. According to analysis, the orange fruit flavor has higher demand among consumers in the market.

Energy Gel Product Market By Distribution channels

  • Convenience Stores
  • Supermarkets
  • Online Store
  • Medical Stores

Based on the distribution channel, the global energy gel products market is divided into convenience stores, supermarkets, online stores, and medical stores. The online store segment gained the notable share of the global market in 2023 and is expected to continue leading the market throughout the forecast period. The online distribution channel is gaining popularity with the increasing accessibility of the internet and the growing use of the internet for purchasing goods and services globally, which has significantly contributed to the sales of energy gel products. Therefore, it can be estimated that in the forthcoming years, market growth will be propelled significantly.

Energy Gel Products Market Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Rest of Latin America

The Middle East & Africa

  • South Africa
  • GCC Countries
  • Rest of the Middle East & Africa (ME&A)

Energy Gel Products Market Regional Analysis

In terms of energy gel products market analysis, North America has consistently held the largest revenue share in the global industry in recent years. This growth can be attributed to the increasing popularity of cycling as a form of physical activity. North America is expected to continue its dominance in the market over the forecast period, holding nearly 35% of the global market share. Another important driving factor in this region is the higher number of cycling, swimming, and other athletes, which will boost the market for energy gel products in the upcoming years.

The Asia-Pacific region is experiencing rapid growth in the energy gel products market, driven by increasing disposable incomes and changing lifestyle patterns. As more people in APAC lead sedentary lives and face high-pressure environments, there is a rising demand for convenient and effective energy solutions. This shift has resulted in greater adoption of energy gels, particularly among urban populations seeking quick and efficient nutrition. Additionally, the growing popularity of fitness activities, such as running and endurance sports, further fuels market expansion. Countries like China, India, and Japan are at the forefront of this growth due to their large populations and increasing health consciousness. The e-commerce boom in the region also plays a crucial role, making energy gel products more accessible to a broader audience. Overall, the APAC market is poised for significant expansion, driven by these socioeconomic and lifestyle changes.

Energy Gel Products Market Players

Some of the top energy gel products companies offered in our report includes CarbBoom Energy Gel, Clif Shot Energy Gel, Honey Stinger Natural Energy Gel, GUEnergy Gel, Getorade, Advanced Food Concepts, Inc., Nutrition Works Ltd, Clif Bar & Company, EN-R-G Foods, LLC, Hammer Nutrition Ltd., Powerbar Inc, Zipvit Ltd., and Scientific Sports Nutrition (Pty) Ltd.