Energy Ingredients Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033
The Business Research Company’s Energy Ingredients Global Market Report 2024 – Market Size, Trends, And Market Forecast 2024-2033 You Can Now Pre Order Your Report To Get A Swift Deliver With All Your Needs”
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LONDON, GREATER LONDON, UK, August 23, 2024 /EINPresswire.com/ -- The energy ingredients market has experienced robust growth in recent years, expanding 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, and global efforts to reduce carbon emissions.
Strong Future Growth Anticipated
The energy ingredients market is projected to continue its strong growth, reaching $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, and rural electrification programs.
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Growth Driver Of The Energy Ingredients MarketThe 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.
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Major Players And Market TrendsKey players in the energy ingredients market include BASF SE, Spectrum Chemical Mfg. Corp., RFI Ingredients Inc., Korea Ginseng Corporation, Orkla ASA, ILHWA Enzyme Fermented Ginseng.Major companies operating in the energy ingredient market are forming strategic partnerships to develop new products and strengthen their positions in the market. Such collaborations reflect the industry's focus on innovation, sustainability, and the development of new products and solutions in the energy ingredients sector.
Segments:1) By Product: Caffeine, Creatine, Taurine, Ginseng, Other Products2) By Distribution Channel: Supermarkets Or Hypermarkets, Specialty Stores, Convenience Stores, Online Retail Stores, Other Distribution Channels3) By Application: Food, Beverage, Supplements, Other Applications
Geographical Insights: North America Leading The MarketNorth America was the largest region in the energy ingredients market in 2023. 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
Energy Ingredients Market DefinitionEnergy ingredients refer to the ingredients that are used for energy or powdered drinks for the consumption of customers. It is used in energy drinks to give energy and health benefits to people of all ages.
Energy Ingredients Global Market Report 2024 from The Business Research Company covers the following information:• Market size data for the forecast period: Historical and Future• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.The Energy Ingredients Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on energy ingredients market size, energy ingredients market drivers and trends, energy ingredients market major players, energy ingredients competitors' revenues, energy ingredients market positioning, and energy ingredients market growth across geographies. The energy ingredients market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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August 23, 2024, 14:04 GMT
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