Press release
Global Energy Ingredients Market: Accelerating Growth Fueled by Rising CAGR, Market Drivers, and Emerging Trends
Expanding at a steady pace, the energy ingredients market highlights increased product innovation and sustainable solutions, enhancing consumption patterns across the world.What Is The Projected Market Size Of The Global Energy Ingredients Market And Its Growth Rate?
The energy ingredients market showcases a promising future holding a steady CAGR and remarkable projected market size over the following years:
• Market size of $26.3 billion in 2024, growing to $28.44 billion in 2025 at a compound annual growth rate (CAGR) of 8.1%
• A strong growth leading to a market size of $39.59 billion in 2029 at a compound annual growth rate (CAGR) of 8.6%
This growth is expected to be fueled by several factors, including transition to renewable energy, focus on energy efficiency, circular economy principles in energy production, and rural electrification programs.
What Is Driving The Growth In The Energy Ingredients Market?
The energy ingredients market is experiencing significant growth. A major driver for this growth is the increasing demand from end-users such as the food and beverage industry. Energy ingredients offer various nutritional supplements and are thus incorporated into diverse food items and beverages. For instance, Australia witnessed a surge in the sales of food and non-alcoholic beverages in the fiscal year 2021-22, indicating the positive impact of the food and beverage industry on the energy ingredients market. The robust expansion of these industries is thus propelling the growth of the energy ingredients market.
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Who Are the Key Players Driving Energy Ingredients Market Growth?
• BASF SE
• Spectrum Chemical Mfg. Corp.
• RFI Ingredients Inc.
• Korea Ginseng Corporation
• Orkla ASA
• ILHWA Enzyme Fermented Ginseng
• Applied Food Sciences Inc.
• Naturalin Bio-Resources Co. Ltd.
• Changsha Huir Biological-Tech Co. Ltd.
• And others.
What Are The Key Trends In The Energy Ingredients Market?
Major trends in the forecast period include:
• Natural and clean-label ingredients
• Plant-based energy ingredients
• Innovations in functional beverages
• Sustainable and ethical sourcing
• Customized and personalized nutrition
• Clean energy alternatives
What Are The Segments Of The Global Energy Ingredients Market?
The market is elusively segmented into -
• By Product: Caffeine, Creatine, Taurine, Ginseng, Other Products
• By Distribution Channel: Supermarkets or Hypermarkets, Specialty Stores, Convenience Stores, Online Retail Stores, Other Distribution Channels
• By Application: Food, Beverage, Supplements, Other Applications
Which Region Leads The Energy Ingredients Market?
In 2024, North America emerged as the largest region in the energy ingredients market. However, Asia-Pacific is expected to be the fastest-growing region in the global energy ingredients market during the forecast period. Other significant regions include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Energy Ingredients Market Global Market Report?
- Market Size Analysis: Analyze the Energy Ingredients Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Energy Ingredients Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Energy Ingredients Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Energy Ingredients Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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