Of
late, the global energy chews market is reporting a strong growth in
its valuation. With the rising popularity of energy chew products
among athletes, thanks to the low cost and the convenience of
carrying these products. As energy chew products provide instant
energy to athletes, their popularity is likely to remain escalating
in the near future, which eventually will reflect on their sales,
leading to a definitive growth of this market.
Download
PDF Brochure @
https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=32111
The
increasing trend of convenience packaging across the world is the
main factor that has been boosting the demand for energy chew
products among consumers. Consumers, with their extremely fast-paced
lifestyles, are preferring food products that they can use on-the-go.
This, as a result, is leading to a significantly increased demand for
handy energy chews, which, people can carry easily in their pockets.
The
rising awareness regarding the adverse impacts of adulterated drugs
among consumers is also influencing the sales of energy chews, which
is likely to propel this market in the near future.
Fixed
flavored or fusion flavored energy chews are expected to report
promising growth in the near future, thanks to their distinctive
taste. Nut flavored and fruit flavored energy chew products are also
expected to enjoy steady rise in the demand over the next few years.
Retail stores have surfaced as the leading distribution channels for
the sale of energy chew products. However, online store is likely to
gain momentum in the years to come.
Asia
Pacific, North America, Europe, Latin America, and the Middle East
and Africa (MEA) are the main regional markets for energy chews
across the world. North America, among these, has been leading the
overall market, since it is the most prominent consumer as well as
producer of energy chew products, worldwide. This regional market is
anticipated to remain dominant over the next few years; however, Asia
Pacific is likely to report a more fast-paced growth in the years to
come, with countries, such and India, China, and Australia generating
significant revenue.
The
presence of a large number of retail outlets, together with a wide
consumer base, is also projected to propel the energy
chews market in Asia Pacific in the near future. The markets
for energy chews in Latin America and the Middle East and Africa are
also anticipated to witness strong growth over the forthcoming
years.
With
a number of established players, the global market for energy chews
is demonstrating a highly competitive landscape. EN-R-G Foods Inc.,
PowerBar Inc., Clif Bar & Co., General Mills Inc. (Nature
Valley), The Gatorade Co. Inc., Human Foods Inc. are some of the
leading players in this market. Currently, they are focusing on
products and price differentiation to compete with their peers.
However, they are likely to shift their focus towards expanding in
various regional markets in the years to come in order to gain an
edge over their competitors. They are also expected to involve into
strategic partnerships with small players as a part of the
consolidation activity in the near future.
No comments:
Post a Comment