Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Energy Ingredients Market size is expected to reach $31.8 billion by 2028, rising at a market growth of 7.9% CAGR during the forecast period.
The Caffeine segment acquired maximum revenue share in the Global Energy Ingredients Market by Product in 2021 thereby, achieving a market value of $25.8 billion by 2028. Caffeine's expansion as an energy element can be linked to its ability to increase energy by reducing calorie intake. Additionally, caffeine activates the sympathetic nervous system, which helps to reduce appetite, increase feelings of satiety, and speed up the breakdown of fat cells into energy. These effects are projected to support the market's expansion during the forecast period.
The Supplements segment is showcasing a CAGR of 8.7% during (2022 - 2028). During the forecast period, the supplements segment is anticipated to increase at the fastest rate. Market companies will have possibilities to innovate existing goods with various energy-based ingredients as a result of the rising number of supplements with compounds like taurine and caffeine being introduced to the market. Additionally, it is anticipated that the category will grow shortly due to a shift in consumer lifestyle and an increased awareness of health and wellness products.
The Asia Pacific market dominated the Global Energy Ingredients Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $14.2 billion by 2028. The Europe market is experiencing a CAGR of 7.4% during (2022 - 2028). Additionally, The North America market would showcase a CAGR of 7.1% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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