Energy Supplements Market In-Depth Qualitative Insights and Industry Growth till 2030 | TMR

Energy Supplements Market:

A recent study published by Transparency Market Research on the energy supplements market includes the U.S., Australia, South Korea, and Hong Kong industry analysis and opportunity assessment for 2020-2030. Revenue generated from the energy supplements market in the U.S. was valued over ~US$ 13.8 Bn in 2020, which is estimated to rise at a CAGR of ~6%, to surpass US$ 25.7 Bn by 2030.

The Australia energy supplements market was valued at ~US$ 856 Mn in 2020, which is estimated to rise at a CAGR of ~8%, to reach US$ 1.9 Bn by 2030. The energy supplements market in South Korea was valued over ~US$ 1 Bn in 2020, which is estimated to rise at a CAGR of 7.5%, to cross US$ 2.2 Bn by 2030. The energy supplements market in Hong Kong was valued at ~US$ 141 Mn in 2020, which is estimated to grow at a CAGR of ~5%, to reach ~US$ 232 Mn by 2030.

Energy Supplements Market – Scope of the Report

Transparency Market Research (TMR) has recently published a market study on the energy supplements market. It provides a detailed assessment of key market dynamics, including the drivers, trends, opportunities & restraints, and detailed information about the energy supplements market structure. The market study presents exclusive information about how the energy supplements market will grow during the forecast period of 2020-2030.

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Consumer Awareness about Preventative Healthcare to Boost Sale of Energy Supplements

Health and wellness are the core concerns among consumers in both developed and developing countries. Increasing pollution, urbanization, busy lifestyle, and excessive working hours are the key factors affecting human health. Thus, consumers across the world are becoming more health-conscious, which results in increased consumption of healthy and functional food and beverage products.

The millennial population consumes energy drinks or supplement products to maintain the everyday energy level of the body. Average and working-class consumer consumes energy supplement and drink products in the prevention of energy deficiency, owing to the exhaustion of work and other activities. These are the key factors fueling the demand for energy supplement products.

Sports and Fitness as Part of Daily Routine Lifestyle

On a country level, sports tournaments are increasing. These sports tournaments are attracting a huge number of the Gen-Z population toward sports activities. Most of the Gen-Z population is studying in schools and colleges who is looking sports as a carrier option, and showing interests in the sports sector. These young people focus on fitness and physique to maintain balanced health. Due to these factors, they prefer energy supplements to maintain energy level and nutritional content in their body, and it is expected to become a part of their daily routine lifestyle.

ANS Groups “ANS Rapid Energy Gel” products are designed for convenience during training and competition to sustain energy demands of athletes at any fitness level with a unique blend of carbs, electrolytes, vitamins B, C, E, and branch chain amino acids.

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Rise in Adoption of Healthy Lifestyle to Boost Demand for Food or Energy Supplements

Everyone desires a healthy lifestyle with a balanced diet and physical fitness. Today, increased health and wellness concerns among consumers in developed countries and increasing awareness about health and wellness in such countries are the key factors behind the growth of the health supplement market.

The increasing spending power of consumers on health and wellness products in developing countries is leading to healthy lifestyle of consumers. Consumers are ready to spend more on healthy products, which result in increasing demand for energy supplements in developed and developing markets. In order to maintain good health, consumers are focused on increasing the consumption of nutritional supplements, including energy supplements.

Energy Supplements Market: Segmentation

Energy Supplements Market, by Product Type
Energy Drinks
Energy Gels

Energy Supplements Market, by Flavor
Fruit
Citrus
Berries
Others
Vanilla
Chocolate
Others

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Energy Supplements Market, by Sales Channel
Hypermarkets/Supermarkets
Specialty Stores
Drug & Pharmacy Stores
Online Retail

Energy Supplements Market: Research Methodology

In TMR’s study, a unique research methodology is used to conduct extensive research on the growth of the energy supplements market and identify future growth parameters. This research methodology is a combination of primary and secondary research, to help analysts ensure the accuracy and reliability of the conclusions.

Secondary sources referred to by analysts for compiling the energy supplements market study include statistics from governmental organizations, trade journals, white papers, and internal and external proprietary databases.
Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary source.

Energy Supplements Market, by Country
U.S.
Australia
South Korea
Hong Kong

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Key Questions Answered in TMR’s Energy Supplements Market Report

Which country will continue to remain the most profitable regional market for energy supplements market players?

Which factors will induce a change in the demand for energy supplements during the assessment period?

How will the changing trends impact the energy supplements market?

How can market players capitalize on the low-hanging opportunities in the energy supplements market in developed regions?

Which companies are leading the energy supplements market?

What are the winning strategies of stakeholders in the energy supplements market to catapult their position at the forefront?

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