The Latin America, Middle East and Africa Energy Ingredients Market would witness market growth of 10.9% CAGR during the forecast period (2022-2028).
The primary element fueling the worldwide energy bar industry's sales has been consumer demand for handy, wholesome on-the-go snack options. Additionally, because of their tiny packaging and strong energy level, they are the perfect choice for individuals who want results right away.
It also includes proteins, other essential elements, and micronutrients, creating a well-balanced diet in compact packaging. There is an increase in the usage of nutritious ingredients as a result of the increased requirement for energy bars to satisfy a range of customer needs. The inclusion of labels on these bars, such as "gluten-free," "vegan," "low fat," "low calorie," and "no added sugars or sweets," fuels market growth.
Beverages made up 17.1% of the energy consumed in Brazil. The energy content of caloric coffee beverages was the highest (464 kJ or 111 kcal/d). In comparison to people above this age (142 kJ or 34 kcal/d for those 40-59 and 79 kJ or 19 kcal/d for those >60 years old), people from 10 to 18 (243 kJ or 58 kcal/d) and from 19 to 39 (230 kJ or 55 kcal/d) drank a higher proportion of calories from sugar-sweetened soft beverages.
The Brazil market dominated the LAMEA Energy Ingredients Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $500.1 Million by 2028. The Argentina market is experiencing a CAGR of 11.5% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 10.6% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Energy Ingredients Market is Predict to reach $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.
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