Energy Gum Market to Reach $125.24 Million,by 2023 at 7.6% CAGR | Industry Growth, Market Insights and Forecast | Blast Power Gum, BLOCKHEAD HQ Ltd., Mondelez International, Inc. (Cadbury Trebor Bassett), Energy Bombs

Worldwide Market Reports has announced the addition of the “Global Energy Gum Market Size Status and Forecast 2023”, The report classifies the global Energy Gum Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

Energy gum, also known as caffeinated gum, is a type of energy supplement sold in the form of gums, which provide physical and mental stimulation and instant burst of energy. It helps in reducing the effects of fatigue, sleep, and deprivation. Energy gum is prepared by softening the gum base followed by infusing it with other formulation ingredients such as caffeine, taurine and B-vitamins. It improves mental and cognitive performance by delivering caffeine, which is effective for stimulating physical vigilance. The other health benefits associated with energy gum include improved reaction time, alertness, concentration, and prevention of cardiovascular disease, cancer, and diabetes.

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According to a new report published by Worldwide Market Reports, titled, Energy Gum Market by Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2017-2023 the global energy gum market was valued at $75.15 million in 2016, and is projected to reach $125.24 million by 2023, registering a CAGR of 7.6% from 2017 to 2023. In 2016, the fitness training/exercising segment accounted for approximately one-third share of the global market in terms of value.

Increase in consumption of health and energy supplements by non-traditional users drives the energy gum market.

Key Findings of the Energy Gum Market:

• North America accounted for the largest revenue share of the global
energy gum market, registering a significant CAGR from 2017 to 2023,
followed by Europe.
• In 2016, the online distribution channel segment accounted for
approximately two-fifths share, in terms of value, and is expected to grow
at the highest CAGR of 8.4%.
• Asia-Pacific is anticipated to grow at the highest CAGR of 9.3% from 2017
to 2023.
• In 2016, the U.S. generated the highest revenue, accounting for
approximately one-third share of the global market.
• Brazil is anticipated to grow at a significant CAGR of 9.5% during the study
period.

In terms of value, Asia-Pacific and LAMEA collectively contributed approximately one-third share of the global market in 2016. Developing countries, such as Brazil, India, and China display a huge growth potential for this market on account of high disposable income, decent number of millennial population participating in sports, and surge in the number of fitness centers in these countries.

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The key players operating in this market are Blast Power Gum, BLOCKHEAD HQ Ltd., Mondelez International, Inc. (Cadbury Trebor Bassett), Energy Bombs, GumRunners, LLC, Lotte Group, GelStat Corporation (Mastix LLC), NeuroGum, LLC, Mars Inc. (Wm Wrigley), and Zestl International NZ Ltd.

As excessive intake of caffeine cause side effects such as anxiety, digestive issues, muscle breakdown, nausea, high blood pressure, stomach irritation, and vomiting, the food governing and health agencies around the world, including the Food and Drug Administration (FDA), Health Canada, International Food Information Council (IFIC), and others have drafted regulations on the use of caffeine in energy supplements. This could hamper the growth of the market in near future. Furthermore, increasing demand for energy gum in the emerging economies, especially Brazil, China, and India is expected to provide lucrative opportunities for the energy gum market.

Table of Contents:

1 Energy gum Market Overview
2 Manufacturers Profiles
3 Global Energy gum Market Competition, by Players
3.1 Global Energy gum Revenue and Share by Players (2013-2018)
3.2 Market Concentration Rate
3.2.1 Top 5 Energy gum Players Market Share
3.2.2 Top 10 Energy gum Players Market Share
3.3 Market Competition Trend
4 Global Energy gum Market Size by Regions
5 North America Energy gum Revenue by Countries
6 Europe Energy gum Revenue by Countries
7 Asia-Pacific Energy gum Revenue by Countries
8 South America Energy gum Revenue by Countries
9 Middle East and Africa Revenue Energy gum by Countries
10 Global Energy gum Market Segment by Type
11 Global Energy gum Market Segment by Application
12 Global Energy gum Market Size Forecast (2017-2023)

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Worldwide Market Reports
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Email: sales@worldwidemarketreports.com

This release was published on openPR.