The global energy ingredients market is anticipated to reach a value of USD 23.4 billion by 2023, according to the latest analysis by FMI. Projections indicate a CAGR of 6.7% from 2023 to 2033, with the market expected to achieve a valuation of USD 44.7 billion by the conclusion of this forecast period.
The primary factors projected to propel the sales of energy ingredients include growing health consciousness and rising demand for functional foods that boost energy. Energy-boosting substances also support improved mental and physical well-being creating a huge demand for energy ingredients in the sports and healthcare sector.
Request Your Sample Report Today: https://www.futuremarketinsights.com/reports/sample/rep-gb-17024
Key Takeaways from the Market
- The United Kingdom is the second leading region for the sales of energy ingredients. However, Germany is the leading producer and supplier of energy ingredients in the Europe geographic region.
- The trend of energy drinks in the Asia Pacific has been surging in recent years, and many countries are observing an uptick in their sales. China dominates the overall market in this region, followed by India, Japan, and South Korea.
Competitive Landscape for the Energy Ingredients Market Players
Orkla, Korea Ginseng Corporation, BASF SE, and KOEI KOGYO are renowned global energy ingredients market names. Several players are conducting significant acquisition and promotional campaigns to accumulate a higher client base and improve their brand image.
The global energy drink ingredients market is highly fragmented owing to the participation of several established international businesses with extensive market networks. Moreover, numerous emerging new entrants with product innovations and strong market strategies are expected to further diversify the market.
Spectrum Chemical Mfg. Corp., Orkla, Korea Ginseng Corporation, Changsha Huir Biological-Tech Co., Ltd., Aarti Industries Ltd., BASF SE, Ilhwa Co. Ltd., Applied Food Sciences, Inc. (Afs), Nuts.Com Sinochem Pharmaceutical Co. Ltd., RFI Ingredients, Naturalin Bio-Resources Co., Ltd., KOEI KOGYO CO., LTD
Recent Developments by the Energy Ingredients Industries
In April 2021, PepsiCo released a new rockstar Energy drink containing hemp seed extracts. This product also contains basic energy ingredients such as guarana, taurine, and caffeine.
In January 2021, Babasucco Company unveiled their newest Energy Estratto drink in Italy, asserting that it has all the properties of an avocado drink.
Nexba Company launched its first energy drink in the United Kingdom and some other European countries in May 2022. The company claims it to be high in vitamins and prebiotics and made of energy ingredients free of caffeine and sugar.
The Korea Ginseng Company developed a brand-new range of Koreselect ingredients for energy and health drinks in December 2022. These new products are available only online, including milk thistle, ashwagandha, beetroot, American ginseng, elderberry, and women’s probiotics. These are considered special function supplements and are of many anticipated additions to the already popular Koreselect brand family. Moreover, it is based on Korean red ginseng, created exclusively for health-conscious American consumers, and contains only natural herbal components.
Maximize Growth Potential Grab Your Report Today: https://www.futuremarketinsights.com/checkout/17024
Key Segments Covered by Energy Ingredients Industry Survey Report
By Product Type:
- Creatine
- Ginseng
- Caffeine
- Taurine
- Others
By Application:
- Supplements
- Food & Beverage
- Others
By Region:
- North America Market
- Latin America Market
- Europe Market
- East Asia Market
- South Asia and Pacific Market
- The Middle East and Africa (MEA) Market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube