Global
energy gel products market to witness robust growth rate during
2017-2027
According
to Future Market Insights, the global energy
gel market is expected to exhibit significant growth rate
during the assessment period 2017-2027. The energy gel market has
seen an upward trend in growth since 2012, and in 2016 the global
market was valued at US$ 448 Mn which rose to about US$ 477 in 2017
and is estimated to reflect an evaluation of about US$ 1 Bn by 2027.
The global energy gel market is projected to grow at a robust CAGR of
7.8% throughout the period of forecast, 2017-2027 to reach the
estimated valuation.
Fruit
flavour segment to cement its dominance throughout the forecast
period
The
fruit flavour segment in the flavour type category is expected to
show high market share in the coming years. According to the ten year
forecast analysis, this segment is anticipated to grow at a high
growth rate to cover up a market value of about US$ 592.2 by 2027. In
terms of volume, the number of units of this segment anticipated to
surface is more than 3.9 lac by the end of the forecast period. The
fruit segment has shown considerable growth since 2012, and
maintained its consistency since past years. Manufacturers and
distributors, an essential part of the supply chain of the energy gel
market, have been largely involved in distribution of sub-segments
present in the fruit flavour category which has triggered the growth
of this segment. The fruit segment is projected to reflect a market
share of about 58% by 2027.
Orange
fruit flavour sub segment to witness 2x growth in value over the
assessment period
Fruit
flavour segment has been sub categorized into orange, strawberry,
raspberry and lemon, of which the orange sub segment is expected to
dominate the global market by reflecting a value of about US$ 200 Mn
by 2027 from US$ 99 Mn in 2017. Higher consumption of this flavour
has accelerated the growth of this segment over years, which also has
resulted in this segment to grow high in terms of volume over the
assessment years.
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However,
the raspberry sub segment in fruit flavour category shows higher
potential as it is expected to reflect highest growth rate throughout
the forecast period. This segment is the smallest segment in terms of
value share, however, an upcoming one which is poised to present
several opportunities to players in the long run. The lemon sub
segment stands next to orange sub segment with respect to value
share, as per report analysis.
Chocolate
seems to be in the growth phase of the PLC
Chocolate
segment by flavour is expected to possess high potential across
regions. It reflects higher growth rate and significant market share
during the forecast period. This segment is expected to grow at the
highest CAGR of 8.7% by value with a high market share to stand next
to the fruit segment in the flavour type category. This segment has
picked up speed since 2017 and is poised to reflect at a 2.2x value
growth by 2027.
Regional
Insights
The
flavour segment is surging ahead with high growth in regions of North
America, Western Europe, Latin America and Asia Pacific excluding
Japan (APEJ). The chocolate segment remains a high growth segment in
these regions. North America region is expected to show high
attractiveness for this segment as it reflects a high value CAGR of
8.5% during the assessment period in this region. North America also
favourable for the fruit segment, where it experiences high value
share as compared to other regions. Western Europe and Latin America
also show high potential with respect to flavour types, contributing
to the growth of this segment in the coming years.
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