Press release
Energy Ingredients Market Revenue Report with Forecast to 2031
Energy Ingredients Market Size, Share & Trends Analysis Report By Product (Caffeine, Creatine, Taurine, Ginseng) And Application (Food, Beverage, Supplements And Others), By Region, And Segment Forecasts, 2024-2031.The Global Energy Ingredients Market Size is valued at USD 21.96 billion in 2023 and is predicted to reach 41.91 billion by the year 2031 at an 8.56% CAGR during the forecast period for 2024-2031.
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Latest Drivers Restraint and Opportunities Market Snapshot:
The following are the primary obstacles to the energy ingredients market's expansion:
• Strict governmental rules and regulations
• Consumers' changing views
• Consumers' lack of knowledge of emerging technology
Key factors influencing the global energy ingredients market are:
• Rapid urbanization
• Increasing interest in wellness and fitness
• Greater focus on nutritional supplements and other wellness goods
Future expansion opportunities for the global energy ingredients market include:
• Growing demand for all-natural, plant-based products
• Growing inclination towards substitute nutritional supplements
• Popularity of concentrated food items is rising
Market Analysis:
The energy ingredients market is presently expanding as a result of the increasing awareness among consumers regarding the importance of establishing and maintaining healthy eating habits and the value of a balanced diet. Additionally, the prevalence of lifestyle-related maladies, such as obesity, cardiovascular diseases, and diabetes, has prompted individuals to adopt healthier diets. Industry expansion is also being driven by the growing demand for food items that contain protein components, which presents significant opportunities to expand the energy ingredients market.
List of Prominent Players in the Energy Ingredients Market:
• Naturalin Bio-Resources Co., Ltd.
• Changsha Huir Biological-Tech Co., Ltd.
• Sinochem Pharmaceutical Co., Lt
• KOEI KOGYO CO., LTD
• RFI Ingredients
• Korea Ginseng Corporation
• Orkla
• ILHWA CO., LTD.
• Applied Food Sciences, Inc. (AFS)
• Aarti Industries Ltd.
• Other Prominent Players
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Recent Developments:
• In December 2023, Nexba introduced Natural Energy, the first energy drink in the United Kingdom to contain vitamins, prebiotics, and zero sugar and caffeine.
• In November 2023, Korean Ginseng has introduced a new product line known as Koreselect. Ashwagandha, elderberry, beetroot, milk thistle, American ginseng, and women's probiotics are among the most recent specific function supplements in the online marketplace. The current Koreselect brand family, which is focused on the Korean red ginseng and contains a variety of products, is explicitly designed for the health-conscious American consumer, is expanding with these additional items.
• In September 2023, Korean Ginseng has launched a new product line called Koreselect. Ashwagandha, elderberry, beetroot, milk thistle, American ginseng, and women's probiotics are among the most recent specific function supplements available in the online marketplace. The Koreselect brand family, which is currently centered on Korean red ginseng and encompasses a diverse array of products, is specifically intended for the
Energy Ingredients Market Dynamics:
Market Drivers: Growing Number of Consumers Recognize the Importance of Maintaining a Healthy Lifestyle
Growth in consumer awareness is a significant factor in the global market. The demand for products containing energy ingredients has risen because of the growing awareness among consumers of the importance of maintaining a balanced lifestyle and the advantages of energy-boosting additives. Demand for energy-enhancing substances in a variety of food and beverage formats has increased globally because of the growing global interest in health and fitness. The market is expected to expand rapidly because of the growing demand for energy ingredients that are derived from natural and organic sources. This demand has been driven by the growing desire among consumers for natural and organic products. Sports nutrition solutions that incorporate energy elements are in high demand as a result of the increasing popularity of sports and fitness activities, which is driving market expansion.
Challenges: Customers' Shifting Opinions
Throughout the forecast period, it is anticipated that a number of limiting constraints will impede the advancement of the global market. The increasing demand for alternative energy products that are more environmentally favorable and less harmful is a significant challenge, as consumer preferences are constantly evolving. It can be difficult to accommodate these changing preferences without compromising the efficiency of energy components.
Additionally, the energy ingredients industry is characterized by stringent safety regulations and requirements. The market's growth is impeded by a lack of knowledge, which is a significant challenge due to the growing concerns regarding the safety, packaging, and health claims of energy product constituents.
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North America Is Expected to Grow With The Highest CAGR During The Forecast Period
Soon, the North American energy ingredients market is expected to experience a rapid CAGR and register a substantial revenue share. This is due to the rapid expansion of the economy and the escalation of urbanization. Numerous individuals, particularly those who prioritize their health, regard these substances as superior alternatives to effervescent beverages. Additionally, the global energy ingredient market is expanding as a result of the heightened consumption in this region. A surge in the sale of energy constituents in this region has been attributed to an increase in discretionary income and living standards. Additionally, the energy ingredients market forecast suggests that this region is being propelled by a combination of factors, including a growing awareness of the importance of maintaining energy and overall health, as well as an increase in popularity.
Segmentation of Energy Ingredients Market-
By Application-
• Food
• Beverage
• Supplements
• Others
By Product Type-
• Caffeine
• Creatine
• Taurine
• Ginseng
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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