Asia Pacific Energy Ingredients Market Size, Share & Industry Trends Analysis Report By Product (Caffeine, Creatine, Taurine, Ginseng and Others), By Application (Beverage, Food, Supplements and Others), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Energy Ingredients Market would witness market growth of 8.4% CAGR during the forecast period (2022-2028).
Energy drinks like Rock Star, Red Bull, and Monster promote the idea of strength, vigor, and speed. Due to the modern and trendy element, consumers prefer energy drink packaging that is elegant and colorful. Additionally, taurine, an amino acid that is naturally there in the body, is balanced with the help of these energy drinks.
Energy bars are widely consumed as a meal substitute since they contain proteins, lipids, and carbohydrates that serve to give rapid energy. The bar might give someone the power to get through a workout or training session owing to the protein and additional carbohydrates. Additionally, it provides the body with the post-workout nutrients it needs to repair any tiny muscle tears that may have happened during the workout and to grow new muscle tissue.
Currently, the regional market is witnessing rising urbanization in countries like China and India, and the population in these countries is more inclined to health-giving products. In addition, substantial lifestyle changes, combined with rising disposable incomes in developing countries such as India and others, have shifted consumer consumption habits. In addition, the regional population is traditionally inclined to coffee, and the growing number of firms establishing production facilities would cater to the unmet demand.
The China market dominated the Asia Pacific Energy Ingredients Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $3,996.9 Million by 2028. The Japan market is estimated to grow a CAGR of 7.7% during (2022 - 2028). Additionally, The India market would experience a CAGR of 9% during (2022 - 2028).
Based on Product, the market is segmented into Caffeine, Creatine, Taurine, Ginseng and Others. Based on Application, the market is segmented into Beverage, Food, Supplements and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Energy Ingredients Market is Projected to reach USD 31.8 Billion by 2028, at a CAGR of 7.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Korea Ginseng Corporation (Korea Tobacco & Ginseng Corporation), BASF SE, Sinochem Group Co., Ltd., Orkla ASA, Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.), RFI Ingredients, LLC, Changsha Huir Biological-Tech Co., Ltd., Naturalin Bio-Resources Co., Ltd, Ilhwa Co., Ltd, and Applied Food Sciences, Inc.
Scope of the Study
Market Segments Covered in the Report:
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Korea Ginseng Corporation (Korea Tobacco & Ginseng Corporation)
- BASF SE
- Sinochem Group Co., Ltd.
- Orkla ASA
- Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.)
- RFI Ingredients, LLC
- Changsha Huir Biological-Tech Co., Ltd.
- Naturalin Bio-Resources Co., Ltd
- Ilhwa Co., Ltd
- Applied Food Sciences, Inc.
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