How Has The Energy Ingredients Market Size Evolved In Recent Years?
The energy ingredients market has seen considerable growth due to a variety of factors.
•The market size for energy ingredients has seen robust growth in the past few years. The market is projected to increase from $26.3 billion in 2024 to $28.44 billion in 2025, with a compound annual growth rate (CAGR) of 8.1%.
Factors contributing to this growth during the historic period include worries over reliance on fossil fuels, government actions and incentives, escalating costs of traditional energy sources, the inclusion of renewable energy in power grids, and worldwide attempts to cut down carbon emissions.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Energy Ingredients Market?
The energy ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• A significant expansion is anticipated within the energy ingredients market over the forthcoming years, where its worth is predicted to reach "$39.59 billion by 2029, with a compound annual growth rate (CAGR) of 8.6%.
This growth throughout the projection period can be credited to factors such as the use of hydrogen as a clean energy carrier, the global shift towards renewable energy, emphasis on energy efficiency, the integration of circular economy concepts in energy production, and rural electrification initiatives. Key trends identified for the forecast period encompass natural and clean-label ingredients, the rise of plant-based energy ingredients, advancements in functional beverages, strategies for sustainable and ethical sourcing, bespoke and personalized nutrition plans, and cleaner energy alternatives.
Which Key Drivers Are Propelling The Energy Ingredients Market's Growth?
Growth in the energy ingredients market is anticipated to be spurred by rising demand from sectors like the food and beverage industry. The term 'food and beverage industry' covers all enterprises engaged in processing, packaging, and distribution of raw food. Energy ingredients, incorporated in a wide range of food and drinks, offer diverse nutritional add-ons beneficial for a person's well-being. For instance, in April 2024, data from the Australian Bureau of Statistics, a government statistical body in Australia, indicated that sales of food and non-alcoholic drinks in Australia's supermarkets, grocery outlets, convenience and specialty food stores hit 15.1 million tonnes in the 2021-22 fiscal year. This represented a significant jump from the 14.8 million tonnes recorded in the previous fiscal year, 2020-21. Hence, the burgeoning demand from sectors such as the food and beverage industry fuels the expansion of the energy ingredients market.
What Are The Key Segments Within The Global Energy Ingredients Market?
The energy ingredients market covered in this report is segmented –
1) By Product: Caffeine, Creatine, Taurine, Ginseng, Other Products
2) By Distribution Channel: Super markets Or Hyper markets, Specialty Stores, Convenience Stores, Online Retail Stores, Other Distribution Channels
3) By Application: Food, Beverage, Supplements, Other Applications
Subsegments:
1) By Caffeine: Anhydrous Caffeine, Caffeine Citrate, Natural Caffeine
2) By Creatine: Creatine Monohydrate, Creatine Ethyl Ester, Buffered Creatine
3) By Taurine: Taurine Powder, Taurine Tablets, Liquid Taurine
4) By Ginseng: American Ginseng, Asian Ginseng, Ginseng Extracts
5) By Other Products: Guarana, Green Tea Extract, L-Carnitine, B Vitamins
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How Are New Trends Impacting The Size Of The Energy Ingredients Market?
Innovations in products have become a predominant trend in the energy ingredient market. Top firms in this sector are introducing groundbreaking products in order to solidify their standing in the industry. For example, PepsiCo, a food and beverage company headquartered in the US, rolled out a new energy drink titled Rockstar Unplugged in February 2022. This inventive beverage features a combination of hemp seed oil and B vitamins. The distinct attributes of Rockstar Unplugged, thanks to these ingredients, deliver a fruity energy lift suitable for any mood or situation, promoting a relaxed, adaptable, and energizing vibe. The beverage is intended to provide an ample amount of caffeine in a novel sugar-free, calorie-free formula for the consumer.
Who Are the Key Players in the Energy Ingredients Market?
Major companies operating in the energy ingredients market include:
• BASF SE
• Spectrum Chemical Mfg. Corp.
• RFI Ingredients Inc.
• Korea Ginseng Corporation
• Orkla ASA
• ILHWA Enzyme Fermented Ginseng
• Applied Food Sciences Inc.
• Naturalin Bio-Resources Co. Ltd.
• Changsha Huir Biological-Tech Co. Ltd.
• Sinochem Pharmaceutical Co. Ltd.
• Graham Chemical Corporation
• Mutalo Group
• Red Bull GmbH
• Musashi Energy Solutions Co. Ltd.
• GURU Organic Energy Drinks
• Aarti Industries Ltd.
• Koei Kogyo Co. Ltd.
• Nutra Food Ingredients LLC
• NutraScience Labs
• NutraPak
• Cargill Incorporated
• Kerry Group plc
• DuPont de Nemours Inc.
• Archer Daniels Midland Company
• Ingredion Incorporated
• Tate & Lyle plc
• Givaudan
• DSM Nutritional Products AG
• Ajinomoto Co. Inc.
• FMC Corporation
What are the Regional Insights into the Energy Ingredients Market?
North America was the largest region in the energy ingredients market in 2024. Asia-Pacific is expected to be the fastest-growing region in the global energy ingredients market during the forecast period. The regions covered in the energy ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
