Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 600 million | USD 1000 million | 7.29% | 2021 |
FrequentlyAsked Questions
The global energy gel products market may grow during the projection period owing to increasing demand for instant energy boosts amongst the consumer groups.
According to Zion Market Research, the global energy gel products market size was worth over USD 0.6 billion in 2021 and is predicted to grow to around USD 1 billion by 2028 with a compound annual growth rate (CAGR) of roughly 7.29% between 2022 and 2028.
In 2021, North America held over 30% of the global energy gel products market share and is projected to dominate the global market during the forecast period as well. One of the key reasons propelling the regional growth is the presence of multiple key players in the region owing to the higher number of cycling, swimming, and other athletes in the region. Since the demand for energy booster drinks in countries like the USA and Canada is relatively higher, the demand for energy gel products is increasing too.
- The global energy gel products market is dominated by players like Gatorade , Clif Bar & Company, Hammer Nutrition Ltd, GU Energy Lab, EN-R-G Foods, Pharmavite LLC, LLC, Boom Nutrition Inc., and PowerBar/PowerGel.
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