Energy Ingredients Market Top Companies Study - BASF SE; Spectrum Chemical Mfg. Corp.; RFI Ingredients; Korea Ginseng Corporation; Orkla.

"Energy Ingredients Market" in terms of revenue was estimated to be worth $21.96 billion in 2023 and is poised to reach $41.91 billion by 2031, growing at a CAGR of 8.56% from 2024 to 2031 according to a new report by InsightAce Analytic.

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Latest Drivers Restraint and Opportunities Market Snapshot:
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

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

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 witnessing growth driven by increasing consumer awareness of the importance of a balanced diet and the need to adopt and sustain healthy eating habits. Additionally, the rising prevalence of lifestyle-related diseases, such as diabetes, cardiovascular conditions, and obesity, is encouraging individuals to prioritize healthier food choices. The growing demand for protein-enriched food products is further fueling market growth, presenting significant opportunities for the expansion of the energy ingredients sector.

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List of Prominent Players in the Energy Ingredients Market:
• RFI Ingredients
• Korea Ginseng Corporation
• Orkla
• ILHWA CO., LTD.
• Applied Food Sciences, Inc. (AFS)
• Naturalin Bio-Resources Co., Ltd.
• Changsha Huir Biological-Tech Co., Ltd.
• Sinochem Pharmaceutical Co., Lt
• KOEI KOGYO CO., LTD
• Aarti Industries Ltd.
• Other Prominent Players

Recent Developments:
• In December 2023, Nexba launched Natural Energy, the first energy drink in the UK to contain vitamins, prebiotics, and zero sugar and caffeine.
• In November 2023, Korean Ginseng launched a brand-new product range named Koreselect. Ashwagandha, elderberry, beetroot, milk thistle, American ginseng, and women's probiotics are some of the latest specific function supplements available online. The current Koreselect brand family, which includes several items based on Korean red ginseng and is aimed squarely at the health-conscious American consumer, is expanding with these additional items.
• In September 2023, Rhône, a worldwide private equity group specializing in investing in companies with a transatlantic presence, and Orkla established collaboration with them. Rhône-affiliated investment funds will own a fourth of Orkla Food Ingredients AS. The deal implies a total of NOK 15.5 billion.

Energy Ingredients Market Dynamics:
Market Drivers: Growing Consumer Awareness of Healthy Lifestyles
The global market is being driven by the increasing awareness among consumers regarding the importance of maintaining a healthy lifestyle. This growing consciousness has led to a surge in demand for products containing energy ingredients, as consumers recognize the value of a balanced diet and the benefits of energy-boosting additives. The rising global interest in health and fitness has further spurred the demand for energy-enhancing substances across a variety of food and beverage categories. The market is expected to witness significant growth, particularly as consumers increasingly seek energy ingredients sourced from organic and natural products, driven by a broader trend toward natural and organic offerings. Additionally, the rising popularity of sports and fitness activities has led to a heightened demand for energy-infused sports nutrition products, further fueling market expansion.

Challenges: Evolving Consumer Preferences
Despite market growth, several challenges may hinder the global market's progress during the forecast period. One primary challenge is the growing demand for alternative energy products that are perceived as safer and more environmentally sustainable, as consumer preferences continue to evolve. Balancing these changing demands with the need to maintain the effectiveness of energy ingredients presents a complex issue for manufacturers. Moreover, the energy ingredients industry is subject to stringent safety regulations, and increasing concerns over the safety of ingredients, packaging, and health claims are likely to pose challenges. A lack of sufficient consumer knowledge may further restrict market growth, as potential buyers remain hesitant due to uncertainties about product safety and efficacy.

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North America Is Expected To Grow With The Highest CAGR During The Forecast Period
The North American energy ingredients market is expected to capture a significant revenue share and experience rapid growth at a substantial CAGR in the near future. This growth can be attributed to the region's robust economic expansion and ongoing urbanization. Many consumers, particularly those with a focus on health and wellness, are increasingly opting for energy ingredients as a preferable alternative to traditional carbonated beverages. Additionally, the global energy ingredients market is witnessing growth driven by heightened consumption in North America. Rising disposable incomes and improvements in living standards have contributed to an uptick in the demand for energy ingredients in the region. The market outlook suggests that factors such as growing popularity and increased awareness regarding the importance of maintaining optimal energy levels and overall health will continue to propel the development of the energy ingredients market in North America.

Segmentation of Energy Ingredients Market-
By Product Type-
• Caffeine
• Creatine
• Taurine
• Ginseng
• Others
By Application-
• Food
• Beverage
• Supplements
• 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
• South East 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

Read Overview Report- https://www.insightaceanalytic.com/report/energy-ingredients-market/1562

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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

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This release was published on openPR.