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Energy Ingredients Market

Energy Ingredients Market Size, Share & Trends Analysis Report By Product (Caffeine, Creatine, Taurine, Ginseng) And Application (Food, Beverage, Supplements And Others), By Region, And Segment Forecasts, 2024-2031

Report ID : 1562 | Published : 2024-04-17 | Pages: 180 | Format: PDF/EXCEL

The Global Energy Ingredients Market Size is valued at USD 21.96 billion in 2023 and is predicted to reach 41.91 billion by the year 2031 at an 8.56% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • The energy ingredients market has grown as a result of the increasing accessibility of energy products due to globalization, which is leading to market growth.
  • The growing modern technology has led to an aging population, increased urbanization, and altered lifestyles in the expansion of this market.
  • North America dominated the market and accounted for a global revenue share in 2023.
  • One of the significant concerns is restraining the high production costs, numerous tests, and stringent guidelines and safety requirements.

 energy ingredients

Beverages are non-alcoholic drinks with caffeine and other nutrients such as B vitamins, taurine, guarana, and ginseng. Some of these components, like guarana, naturally contain caffeine, while others, like ginseng, contribute to the distinctive flavour found in energy drinks. The demand for smoothies and other stimulating beverages in the global energy ingredient market is being driven by economic growth.

Energy ingredient demand from consumers is anticipated to rise, fueling market expansion. A fast-paced lifestyle, improved customer health, and nutrition will contribute to the sector's rapid growth. Especially among health-conscious consumers, marketing that positions energy ingredients as a healthier alternative to carbonated drinks has resulted in a boom in the industry.

Additionally, the market for energy ingredients is benefiting from consumer demand because these drinks contain some ingredients that have positive health effects. These drinks contain a lot of vitamin B, which helps to prevent many chronic diseases. Because they contain a lot of niacin, this energy ingredient can help people with low red blood cell lipids and arthritic symptoms. However, rising raw material costs, escalating raw material prices, fluctuating currency exchange rates, and rising electricity costs have all resulted in higher prices for various product groups, posing new difficulties for industry participants.

The market is also expected to expand soon due to a change in consumer lifestyle and a rise in awareness of health and wellness products. The growing consumer interest in energy ingredients like taurine due to its many health benefits will drive the segment's growth. Energy drinks contain the substance to calm the nervous system and boost the mind. Leading industry producers are releasing unique products with taurine as their primary ingredient to raise product visibility among consumers. 

Key Developments:

  • In Dec 2022, The Korea Ginseng Corporation has created a new line of Koreselect products . Accessible exclusively online, the new goods serve as special function supplements and include ashwagandha, elderberry, beet root, milk thistle, American ginseng, and women's probiotics.These new products are the first of many planned additions to the existing Korean red ginseng-based Koreselect brand family which has been specifically designed for the health-conscious American consumer and contains all natural herbal ingredients.
  • In Dec 2022, Orkla Foods Europe has entered into an agreement to purchase 100 per cent of the shares in Khell-Food Kft., the largest producer of ready-made sandwiches and baguettes in the Hungarian market.The purchase of Khell-Food will be carried out by Orkla Foods ńĆesko a Slovensko (CaS), which is part of Orkla Foods Europe. CaS is already established in the Hungarian market through its subsidiary Hamé Hungary. 

Competitive Landscape:

Some major key players in the Energy Ingredients market are Corp

  • RFI Ingredients
  • Korea Ginseng Corporation
  • Orkla
  • ILHWA CO., LTD.
  • Applied Food Sciences, Inc. (AFS)
  • Naturalin Bio-Resources Co., Ltd.
  • Changsha Huir Biological-Tech Co., Ltd.
  • Sinochem Pharmaceutical Co., Lt
  • KOEI KOGYO CO., LTD
  • Aarti Industries Ltd.
  • Other Prominent Players

Market Segmentation:

The energy ingredients market is segmented on the product and application. Based on product, the energy ingredients market is segmented into caffeine, creatine, taurine, ginseng and others. Based on application, the energy ingredients market is segmented into food, beverage, supplements and others.

Based On Product, The Caffeine Segment Is A Major Contributor To The Energy Ingredients Market

The market's leading segment was caffeine. 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 aids in decreasing appetite, promoting fullness, and accelerating fat cells' breakdown for energy use. These effects are anticipated to complement the market's expansion during the forecast period.

The Beverages Segment Witnessed Growth At A Rapid Rate

Beverages grabbed the highest revenue share, and it is anticipated that they will continue to hold that position during the anticipated time. The increased popularity of energy drinks| will assist in broadening the segment's appeal because they provide quick bursts of energy while also stimulating the mind and body. As a result, major producers are introducing beverages with caffeine as their primary component to enhance consumer health.

The North American Energy Ingredients Market Holds A Significant Regional Revenue Share

The North American energy ingredients market is expected to register the highest market share in revenue soon his region's energy ingredients market is expanding quickly due to rising urbanization and a robust economy. These ingredients are also promoted as healthier alternatives to carbonated drinks, especially for health-conscious people. In addition, Asia Pacific is projected to grow rapidly in the global energy ingredients market. Youth in this region is consuming more energy ingredients, which is positively influencing the growth of the global Energy Ingredient market. Energy ingridients sales in this region are growing thanks to rising disposable incomes and living standards in China and India. The expansion of the global energy ingredients market is fueled by the increasing popularity of sports and premium brands over the projected period.

Global Energy Ingredients Market Report Scope:

Report Attribute

Specifications

Market size value in 2023

USD 21.96 Bn

Revenue forecast in 2031

USD 41.91 Bn

Growth rate CAGR

CAGR of 8.56% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume in Tons and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Product Type, Application

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

BASF SE; Spectrum Chemical Mfg. Corp.; RFI Ingredients; Korea Ginseng Corporation; Orkla; ILHWA CO., LTD.; Applied Food Sciences, Inc. (AFS); Naturalin Bio-Resources Co., Ltd.; Changsha Huir Biological-Tech Co., Ltd.; Sinochem Pharmaceutical Co., Ltd.; KOEI KOGYO CO., LTD; Aarti Industries Ltd.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

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Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Energy Ingredients Market Snapshot

Chapter 4. Global Energy Ingredients Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn) & Volume (Tons) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Caffeine
5.2.2. Creatine
5.2.3. Taurine
5.2.4. Ginseng
5.2.5. Others

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn) & Volume (Tons) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

6.2.1. Food
6.2.2. Beverage
6.2.3. Supplements
6.2.4. Others

Chapter 7. Energy Ingredients Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
7.1.2. North America Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
7.1.3. North America Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

7.2. Europe

7.2.1. Europe Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
7.2.2. Europe Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
7.2.3. Europe Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

7.3. Asia Pacific

7.3.1. Asia Pacific Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
7.3.2. Asia Pacific Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
7.3.3. Asia Pacific Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

7.4. Latin America

7.4.1. Latin America Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
7.4.2. Latin America Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
7.4.3. Latin America Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

7.5. Middle East & Africa

7.5.1. Middle East & Africa Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Product Type, 2024-2031
7.5.2. Middle East & Africa Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by Application, 2024-2031
7.5.3. Middle East & Africa Energy Ingredients Market Revenue (US$ Million) & Volume (Tons) Estimates and Forecasts by country, 2024-2031

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles


8.2.1. RFI Ingredients
8.2.2. Korea Ginseng Corporation
8.2.3. Orkla
8.2.4. ILHWA CO., LTD.
8.2.5. Applied Food Sciences, Inc. (AFS)
8.2.6. Naturalin Bio-Resources Co., Ltd.
8.2.7. Changsha Huir Biological-Tech Co., Ltd.
8.2.8. Sinochem Pharmaceutical Co., Lt
8.2.9. KOEI KOGYO CO., LTD
8.2.10. Aarti Industries Ltd.
8.2.11. Other Prominent Players

Segmentation of Energy Ingredients Market-

Energy Ingredients Market By Product

  • Caffeine
  • Creatine
  • Taurine
  • Ginseng
  • Others

energy ingredients

Energy Ingredients Market By Application

  • Food
  • Beverage
  • Supplements
  • Others

Energy Ingredients Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Energy Ingredients Market?

Energy Ingredients Market expected to grow at 8.56% CAGR during the forecast period for 2024-2031

BASF SE; Spectrum Chemical Mfg. Corp.; RFI Ingredients; Korea Ginseng Corporation; Orkla; ILHWA CO., LTD.; Applied Food Sciences, Inc. (AFS); Naturali

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