June 2023
Energy Gel Products Market (By Type: Fruits, Vanilla, Chocolate; By Application: Online Store, Medical Store, Convenience Store, Supermarket) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033
The global energy gel products market size was valued at USD 590.24 million in 2023 and is anticipated to reach around USD 1,229.01 million by 2033, growing at a CAGR of 7.61% from 2024 to 2033. The growing health and fitness awareness in the younger generation is driving the expansion of the market.
The U.S. energy gel products market size was estimated at USD 165.27 million in 2023 and is predicted to be worth around USD 351.22 million by 2033 with a CAGR of 7.82% from 2024 to 2033.
North America led the energy gel products market with the largest market share in 2023. The growth of the market is attributed to the rising expansion of the supplementary products market in the region. The rising awareness about health and fitness drives the demand for quick and effective products that can boost the energy level in the body, and the rising trend in physical activities and the demand from gym goers and athletes for energy supplements are driving the growth of the market. The rising research on additional supplement products with enhanced flavors and effectiveness is driving the growth of the energy gel products market in the region.
Asia Pacific is expected to witness the fastest growth during the forecast period. The growth of the market in the region is expected to increase due to the rising demand for energy gel products from the younger population who are in physical activities and sports, driving the demand for nutritional supplementary products for maintaining their energy level and preventing dehydration that drives the growth of the market. The increasing interventions of the major pharma players in the production of energy gel products are accelerating the growth of the energy gel products market in the region.
The Asia Pacific energy gel products market size was calculated at USD 141.66 million in 2023 and is projected to expand around USD 301.11 million by 2033, poised to grow at a CAGR of 7.83% from 2024 to 2033.
Forecast Year | Market Size in USD |
2023 | $ 141.66 Million |
2024 | $ 152.44 Million |
2025 | $ 164.04 Million |
2026 | $ 176.52 Million |
2027 | $ 189.96 Million |
2028 | $ 204.41 Million |
2029 | $ 219.97 Million |
2030 | $ 236.70 Million |
2031 | $ 254.72 Million |
2032 | $ 274.10 Million |
2033 | $ 301.11 Million |
Energy Gel Products Market Overview
Energy gels are the type of supplementary products that are highly consumed by athletes and gymnasts, and the growing popularity of energy gels for maintaining the energy level in the geriatric population is prescribed by physicians. It is the quite absorbed, concentrated, liquid form of carbohydrates. Energy gels come in small sachets, and some include carbohydrates, vitamins, electrolytes, sugar, and sometimes caffeine, depending on the brand of the energy gel.
Energy gels are used to boost energy levels, prompt mental health, and prevent dehydration of the body. Energy gels are a quick source of energy during physical activities like sports and others. Classic energy gels, isotonic energy gels, electrolyte-enhanced gels, and caffeinated gels are some variants of energy gels. The rising aging population and the sports activities in the younger generation are boosting the growth of the energy gel products market.
Report Coverage | Details |
Energy Gel Products Market Size in 2023 | USD 590.24 Million |
Energy Gel Products Market Size in 2024 | USD 635.16 Million |
Energy Gel Products Market Size by 2033 | USD 1,229.01 Million |
Energy Gel Products Market Growth Rate | CAGR of 7.61% from 2024 to 2033 |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | Type, Application, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Driver
Increasing sports culture
The increasing trends in the sports culture are accelerating the demand for energy gel products. Energy gels are the products filled with the concentrated nutrition. The content of the energy gels totally depends upon the manufacturing companies. The energy tablets contain carbohydrates, sodium, and other vitamins to drive the energy level. Energy tablets include caffeine to boost mental health. The increasing prevalence of sports culture and the awareness about health and fitness in the younger generation are driving the demand for nutritional supplementary products to maintain energy levels, contributing to the expansion of the market. The energy gels come in budget-friendly and premium options, which will also influence the growth of the energy gel products market.
Restraint
Cost of raw material
The fluctuation in the cost of raw materials is heavily dependent on regional economies and the availability of the materials in those specific regions. These fluctuations can disrupt the supply chain in the manufacturing and production process, thereby restraining the growth of the energy gel products market. When the cost of raw materials experiences significant fluctuations, it can directly impact the production costs for energy gels. This, in turn, affects the product's overall pricing and its market competitiveness. Additionally, the availability of raw materials in specific regions can lead to supply shortages, further complicating the manufacturing process. To mitigate these challenges, companies may need to diversify their sourcing strategies or invest in technologies that stabilize production costs and streamline the supply chain.
Opportunity
Advancements in energy gels
The advancements in gel-based nanomaterials include conductive carbon gels, carbon-based gels, inorganic gels, and ionic gels. The increasing demand for effective supplementary products, the rising manufacturing and production units in the energy gels, and the rising competition among market players with the entrance of new market players in the energy gel products are further propelling the growth of the market. There is rising research on the addition of other materials to enhance the effectiveness of the product, like spirulina biomass in energy gels. The rising investment in research and development activities for innovations in new supplementary products is boosting the growth of the energy gel products market.
The fruit energy gel dominated the energy gel products market in 2023. The growth of the segment is attributed to the rising demand for fruit-based energy gel due to the availability of various flavors in fruit energy gel products with higher nutritional value. Fruit energy gel comes in different flavors such as berry, cherry, citrus, watermelon, etc. The increasing popularity of fruit-based energy gel products in children and the younger population is due to their fresh and flavored taste. Fruit energy gels are the best medium to provide nutrition in the body with the addition of taste. The increasing research on infusing another additional fruit flavor in the fruit energy gel products is contributing to the growth of the fruit energy gels segment.
The online store segment is projected to have the fastest growth during the forecast period. The growth of the segment is expected to increase due to the rising prevalence of online shopping in the population, which drives the sales of energy gel products via online sales channels. The increasing popularity of online shopping and the increasing number of e-commerce platforms that provide attractive pricing and discounts on products with the home delivery system have enhanced the adoption of the e-commerce or online shopping market. The availability of the type or variants of energy gel products in the online sales channel with affordable pricing is driving the expansion of the online store in the energy gel products market.
Segments Covered in the Report
By Type
By Application
By Geography
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