The Energy Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Energy Ingredients Global Market Report 2024, The energy ingredients market size has grown strongly in recent years. It will grow from $24.31 billion in 2023 to $26.3 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to concerns about fossil fuel dependency, government initiatives and incentives, rising prices of conventional energy sources, renewable energy integration in power grids, global efforts to reduce carbon emissions
The energy ingredients market size is expected to see strong growth in the next few years. It will grow to $36.07 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to hydrogen as a clean energy carrier, global transition to renewable energy, focus on energy efficiency, circular economy principles in energy production, rural electrification programs. Major trends in the forecast period include natural and clean label ingredients, plant-based energy ingredients, innovations in functional beverages, sustainable and ethical sourcing, customized and personalized nutrition, clean energy alternatives.
The increasing demand from end users such as the food and beverage industry is expected to boost the growth of the energy ingredients market going forward. The food and beverage industry refers to all businesses that handle the processing, packaging, and distribution of uncooked food. Energy ingredients are used in various food products and beverages as they provide various nutritional supplements that are beneficial for an individual’s health. For instance, in 2023, according to the Food & Drink Federation, a UK-based organization that represents and advises UK food and drink manufacturers, the exports of food and drink increased by 31% in 2022 compared to 2021. Additionally, the food and beverages industry has a turnover of $3.52 billion (£10.3 billion) in 2022, accounting for 33% of total Scottish manufacturing. Therefore, the increasing demand from end users such as the food and beverage industry is driving the growth of the energy ingredients market.
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The energy ingredients market covered in this report is segmented –
1) By Product: Caffeine, Creatine, Taurine, Ginseng, Other Products
2) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Stores, Convenience Stores, Online Retail Stores, Other Distribution Channels
3) By Application: Food, Beverage, Supplements, Other Applications
Product innovations have emerged as the key trend gaining popularity in the energy ingredient market. Major companies operating in the energy ingredients market are developing innovative products to strengthen their position in the market. For instance, in February 2022, PepsiCo, a US-based food and beverage company, launched Rockstar Unplugged energy drink with an innovative blend of hemp seed oil and B vitamins. The unique features of Rockstar Unplugged with these ingredients provide fruit-forward energy boosts that assist in maintaining a free-flowing, easy-going, and soul-fueling attitude for any mood or circumstance. This drink is designed to offer a good dose of caffeine with a new sugar-free and calorie-free beverage for the customers.
The energy ingredients market report table of contents includes:
1. Executive Summary
2. Energy Ingredients Market Characteristics
3. Energy Ingredients Market Trends And Strategies
4. Energy Ingredients Market – Macro Economic Scenario
5. Global Energy Ingredients Market Size and Growth
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26. South America Energy Ingredients Market
27. Brazil Energy Ingredients Market
28. Middle East Energy Ingredients Market
29. Africa Energy Ingredients Market
30. Energy Ingredients Market Competitive Landscape And Company Profiles
Top Major Players:
- BASF SE,
- Spectrum Chemical Mfg. Corp
- RFI Ingredients Inc
- Korea Ginseng Corporation
- Orkla ASA
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