The overall size of the global energy ingredients market is projected to hit US$ 23.4 billion in 2023 in terms of value. Based on the energy ingredients market analysis report by FMI, it is expected to register a CAGR of 6.7% between 2023 and 2033. The report further predicts the net valuation of the market to reach US$ 44.7 billion by the end of this forecast period.
Certain packaged food items are enhanced with energy ingredients, including antioxidants, caffeine, ginseng, and taurine, to improve consumer health. Such functional foods are now readily adopted by sportspersons and common people alike, ultimately developing the demand for energy ingredients by its producers.
As per FMI, introducing refreshment drinks, including energy ingredients, could significantly boost the market during the projected years. Moreover, the demand for energy ingredients is projected to grow due to its advantages, including greater cognitive performance and quicker reaction times.
The demand for energy drinks is growing among youths as it produces rapid energy while stimulating the mind and body. According to Molecular Diversity Preservation International (MDPI) study in July 2021, between 52% and 68% of teenagers drank energy beverages.
Besides packaged beverage producers, some cafes are now introducing beverages containing caffeine as their primary component to enhance consumer health. For example, Starbucks introduced the Starbucks Baya Energy drink in February 2022 in collaboration with PepsiCo's Coffee JV in North America. This ready-to-drink (RTD) cocktail uses caffeine extracted from coffee berries and vitamin C as an antioxidant.
| Attributes | Details |
|---|---|
| Energy Ingredients Market Share (2022) | US$ 21.9 billion |
| Energy Ingredients Market Size Value (2023) | US$ 23.4 billion |
| Energy Ingredients Market Size Value (2033) | US$ 44.7 billion |
| Energy Ingredients Market Growth Rate (2023 to 2033) | 6.7% |
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A promising growth in the consumption of energy ingredients was observed following the year 2018 before getting disrupted in 2020 and 2021. However, the pandemic also increased consumer desire for healthier food alternatives, which encouraged consumers to consume goods containing caffeine-based energy ingredients.
Based on the previous survey report, the market valuation reached US$ 21.9 billion by the end of the year 2022. Higher adoption of online channels to distribute packaged food
An increase in awareness about concentrated food items has favored the sales of energy-shot ingredients during the last few years. Besides that, the emerging trends in the energy ingredient market can be augmented by a shift in consumer lifestyle.
The market is also expanding and experiencing huge potential with the growing demand for food items containing protein components. A booming industry of unconventional food items such as margarine, cold cuts, spreads, and protein powder for energy is anticipated to propel the market.
The risk of consuming unnatural colors and preservatives, drug residues, or hidden allergens still causes consumers to be skeptical about energy additives. Also, the higher price of consumables made from energy ingredients is a crucial limitation for market trends and opportunities.
Principal Consultant
With an estimated more than 85% market share in 2022, the caffeine category is predicted to continue to dominate the overall market. Caffeine's popularity as an energy drink ingredient can be linked to its ability to increase energy levels by reducing calorie consumption. Moreover, caffeine activates the sympathetic nervous system, which reduces appetite and speeds up the conversion of fat cells into energy.
While registering a CAGR of 13% from 2023 to 2033, the creatine product segment is anticipated to increase at a higher rate. Nutrients like creatine and taurine are getting highly popular due to the disparate consumer perceptions about energy drinks. As they desire stimulating food and drink ingredients, market players are adopting an array of strong ingredients and product styles.
In the previous year, 2022, the beverage application industry segment was recorded to hold a higher market share than others. The segment's reach is expected to be widened by the rising popularity of energy drinks without artificial sweeteners.
With a year-on-year growth rate of 7.5% until 2033, applying energy ingredients in supplements is anticipated to gain higher traction. At the same time, the application of energy ingredients in the food preparation market segment is anticipated to experience a slower growth rate throughout the forecast period.
The populace of the United States has been drinking more energy drinks over time, making it a lucrative market for energy ingredients. Also, the demand for carbonated beverages has been declining, continuously contributing to a higher intake of Guarana energy drinks. So, the performance of energy ingredient industries in the United States is poised to remain the leading players through the forecast years.
Interestingly enough, food suppliers' demand for energy ingredients for the defense sector is surging in the United States. In 2021, over 75% of deployed military troops consumed energy drinks, according to a research report by the Association of Military Doctors.
The sales of energy ingredients in European countries together are predicted to exhibit a CAGR of 7.6% throughout the forecast period. Customers are anticipated to be drawn to such energy components with the growing practice of 'nutrition declaration' on the product's label.
Germany is the leading producer and supplier of the best protein powder for energy ingredients in the European region. Rising health consciousness among Citizens of the United Kingdom presents novel market opportunities for energy ingredient producers in the region. Orkla Foods Esko a Slovensko (CaS) is a division of Orkla Foods Europe, which has already made a name for itself in the Hungarian market.
In May 2022, Nexba introduced the Natural Energy drink, its first caffeine- and sugar-free beverage filled with prebiotics and vitamins. In addition, Prinova Europe introduced Enduracarb components, a high-purity trehalose component, for athletic endurance in May 2022. These slow-acting and double-sugar amino energy ingredients are made to power muscles for extended periods.
In 2022, China held a higher market share for vitamin energy drinks and their ingredients. Demand for substitutes for conventional supplements and energy ingredients primarily drives this regional market. Furthermore, a modernized lifestyle necessitating active energy and caffeinated beverages has strengthened the market.
Heineken Asia Pacific Beverages, a Singapore-based brewery company, entered the country in February 2021. It utilizes natural chemicals, which are considered to get popular among health-conscious customers. Also, greater usage of such energy-renewed ingredients for improved performance, stamina, and alertness may raise customer awareness of the brand.
Functional drinks and other such beverages with the abovementioned components are being made available to consumers in India by global energy ingredient manufacturers. AB InBev of Belgium introduced the Budweiser Beats supplement drink created with natural caffeine and B-vitamins in India in October 2021.
The sales of energy ingredients in Japan have surged recently with its rising trend following the popularity of the Ginseng energy drink. For example, Taisho Pharmaceutical Holdings introduced enXtra in April 2020, Japan’s first energy drink with herbal components. It includes or excludes caffeine and helps increase attention and alertness for up to five hours.
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As a result of the rise in supplements with compounds like taurine and ginseng energy drinks the market is strengthening. Many new businesses have emerged from the trend of consumers looking for a concentrated diet that is simple to adopt into their daily routines and lives.
Recent Developments by the Energy Ingredients Industries
Glanbia Nutritionals, an Ireland-based Company, introduced its brand-new CreaBev energy ingredient product in August 2019. The enterprise claims this brand-new heat-stable creatine can be used in various ready-to-drink (RTD) drinks. According to experts, it may benefit market expansion by diverting a considerable demand from caffeine-based energy ingredient products.
The Khell-Food Kft. is the leading supplier of pre-made sandwiches and baguettes in the Hungarian market and is aggressively expanding its business. It announced in December 2022 to have 100% of its shares purchased by Orkla Foods Europe for entering the Western Europe market.
How can Manufacturers Scale their Businesses in the Global Small Satellite Market?
Energy ingredient producers can improve current goods with various new components being introduced. Around 80% of people now utilize nutritional supplements with energy-based components, including thiamine, riboflavin, and niacin, as reported by William Reed Ltd.
Energy ingredient companies can develop innovative ingredients and solutions in response to rising consumer demand for new items. Also, appropriate packaging with contemporary designs to attract the target audience can be an effective game changer for the existing market players.
The market is valued at US$ 23.4 billion in 2023.
The market is expected to record a growth of 6.7% through 2033.
Growing demand for energy drinks and concentrated food items.
Emergence of new combinations may drive adoption of energy ingredients.
Spectrum Chemical Mfg. Corp., Orkla, and Korea Ginseng Corporation are key market players.
1. Executive Summary | Energy Ingredients Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (MT) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (MT) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Product, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Product, 2023 to 2033
5.3.1. Creatine
5.3.2. Ginseng
5.3.3. Caffeine
5.3.4. Taurine
5.3.5. Others
5.4. Y-o-Y Growth Trend Analysis By Product, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Product, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Application, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Application, 2023 to 2033
6.3.1. Supplements
6.3.2. Foods
6.3.3. Beverages
6.3.4. Others
6.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (MT) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) & Volume (MT) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. MEA
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By Application
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By Application
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By Application
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Application
9.4. Key Takeaways
10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Europe
10.2.2. By Product
10.2.3. By Application
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Application
10.4. Key Takeaways
11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.1.4. Singapore
11.2.1.5. Thailand
11.2.1.6. Indonesia
11.2.1.7. Australia
11.2.1.8. New Zealand
11.2.1.9. Rest of Asia Pacific
11.2.2. By Product
11.2.3. By Application
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Application
11.4. Key Takeaways
12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (MT) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (MT) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. GCC Countries
12.2.1.2. South Africa
12.2.1.3. Israel
12.2.1.4. Rest of MEA
12.2.2. By Product
12.2.3. By Application
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Application
12.4. Key Takeaways
13. Key Countries Market Analysis
13.1. USA
13.1.1. Pricing Analysis
13.1.2. Market Share Analysis, 2022
13.1.2.1. By Product
13.1.2.2. By Application
13.2. Canada
13.2.1. Pricing Analysis
13.2.2. Market Share Analysis, 2022
13.2.2.1. By Product
13.2.2.2. By Application
13.3. Brazil
13.3.1. Pricing Analysis
13.3.2. Market Share Analysis, 2022
13.3.2.1. By Product
13.3.2.2. By Application
13.4. Mexico
13.4.1. Pricing Analysis
13.4.2. Market Share Analysis, 2022
13.4.2.1. By Product
13.4.2.2. By Application
13.5. Germany
13.5.1. Pricing Analysis
13.5.2. Market Share Analysis, 2022
13.5.2.1. By Product
13.5.2.2. By Application
13.6. United kingdom
13.6.1. Pricing Analysis
13.6.2. Market Share Analysis, 2022
13.6.2.1. By Product
13.6.2.2. By Application
13.7. France
13.7.1. Pricing Analysis
13.7.2. Market Share Analysis, 2022
13.7.2.1. By Product
13.7.2.2. By Application
13.8. Spain
13.8.1. Pricing Analysis
13.8.2. Market Share Analysis, 2022
13.8.2.1. By Product
13.8.2.2. By Application
13.9. Italy
13.9.1. Pricing Analysis
13.9.2. Market Share Analysis, 2022
13.9.2.1. By Product
13.9.2.2. By Application
13.10. China
13.10.1. Pricing Analysis
13.10.2. Market Share Analysis, 2022
13.10.2.1. By Product
13.10.2.2. By Application
13.11. Japan
13.11.1. Pricing Analysis
13.11.2. Market Share Analysis, 2022
13.11.2.1. By Product
13.11.2.2. By Application
13.12. South Korea
13.12.1. Pricing Analysis
13.12.2. Market Share Analysis, 2022
13.12.2.1. By Product
13.12.2.2. By Application
13.13. Singapore
13.13.1. Pricing Analysis
13.13.2. Market Share Analysis, 2022
13.13.2.1. By Product
13.13.2.2. By Application
13.14. Thailand
13.14.1. Pricing Analysis
13.14.2. Market Share Analysis, 2022
13.14.2.1. By Product
13.14.2.2. By Application
13.15. Indonesia
13.15.1. Pricing Analysis
13.15.2. Market Share Analysis, 2022
13.15.2.1. By Product
13.15.2.2. By Application
13.16. Australia
13.16.1. Pricing Analysis
13.16.2. Market Share Analysis, 2022
13.16.2.1. By Product
13.16.2.2. By Application
13.17. New Zealand
13.17.1. Pricing Analysis
13.17.2. Market Share Analysis, 2022
13.17.2.1. By Product
13.17.2.2. By Application
13.18. GCC Countries
13.18.1. Pricing Analysis
13.18.2. Market Share Analysis, 2022
13.18.2.1. By Product
13.18.2.2. By Application
13.19. South Africa
13.19.1. Pricing Analysis
13.19.2. Market Share Analysis, 2022
13.19.2.1. By Product
13.19.2.2. By Application
13.20. Israel
13.20.1. Pricing Analysis
13.20.2. Market Share Analysis, 2022
13.20.2.1. By Product
13.20.2.2. By Application
14. Market Structure Analysis
14.1. Competition Dashboard
14.2. Competition Benchmarking
14.3. Market Share Analysis of Top Players
14.3.1. By Regional
14.3.2. By Product
14.3.3. By Application
15. Competition Analysis
15.1. Competition Deep Dive
15.1.1. Spectrum Chemical Mfg. Corp.
15.1.1.1. Overview
15.1.1.2. Product Portfolio
15.1.1.3. Profitability by Market Segments
15.1.1.4. Sales Footprint
15.1.1.5. Strategy Overview
15.1.1.5.1. Marketing Strategy
15.1.1.5.2. Product Strategy
15.1.1.5.3. Channel Strategy
15.1.2. BASF SE
15.1.2.1. Overview
15.1.2.2. Product Portfolio
15.1.2.3. Profitability by Market Segments
15.1.2.4. Sales Footprint
15.1.2.5. Strategy Overview
15.1.2.5.1. Marketing Strategy
15.1.2.5.2. Product Strategy
15.1.2.5.3. Channel Strategy
15.1.3. RFI Ingredients
15.1.3.1. Overview
15.1.3.2. Product Portfolio
15.1.3.3. Profitability by Market Segments
15.1.3.4. Sales Footprint
15.1.3.5. Strategy Overview
15.1.3.5.1. Marketing Strategy
15.1.3.5.2. Product Strategy
15.1.3.5.3. Channel Strategy
15.1.4. Orkla
15.1.4.1. Overview
15.1.4.2. Product Portfolio
15.1.4.3. Profitability by Market Segments
15.1.4.4. Sales Footprint
15.1.4.5. Strategy Overview
15.1.4.5.1. Marketing Strategy
15.1.4.5.2. Product Strategy
15.1.4.5.3. Channel Strategy
15.1.5. Korea Ginseng Corporation
15.1.5.1. Overview
15.1.5.2. Product Portfolio
15.1.5.3. Profitability by Market Segments
15.1.5.4. Sales Footprint
15.1.5.5. Strategy Overview
15.1.5.5.1. Marketing Strategy
15.1.5.5.2. Product Strategy
15.1.5.5.3. Channel Strategy
15.1.6. ILHWA CO., LTD.
15.1.6.1. Overview
15.1.6.2. Product Portfolio
15.1.6.3. Profitability by Market Segments
15.1.6.4. Sales Footprint
15.1.6.5. Strategy Overview
15.1.6.5.1. Marketing Strategy
15.1.6.5.2. Product Strategy
15.1.6.5.3. Channel Strategy
15.1.7. Naturalin Bio-Resources Co., Ltd.
15.1.7.1. Overview
15.1.7.2. Product Portfolio
15.1.7.3. Profitability by Market Segments
15.1.7.4. Sales Footprint
15.1.7.5. Strategy Overview
15.1.7.5.1. Marketing Strategy
15.1.7.5.2. Product Strategy
15.1.7.5.3. Channel Strategy
15.1.8. Applied Food Sciences, Inc.
15.1.8.1. Overview
15.1.8.2. Product Portfolio
15.1.8.3. Profitability by Market Segments
15.1.8.4. Sales Footprint
15.1.8.5. Strategy Overview
15.1.8.5.1. Marketing Strategy
15.1.8.5.2. Product Strategy
15.1.8.5.3. Channel Strategy
15.1.9. Changsha Huir Biological-Tech Co., Ltd.
15.1.9.1. Overview
15.1.9.2. Product Portfolio
15.1.9.3. Profitability by Market Segments
15.1.9.4. Sales Footprint
15.1.9.5. Strategy Overview
15.1.9.5.1. Marketing Strategy
15.1.9.5.2. Product Strategy
15.1.9.5.3. Channel Strategy
15.1.10. KOEI KOGYO CO., LTD
15.1.10.1. Overview
15.1.10.2. Product Portfolio
15.1.10.3. Profitability by Market Segments
15.1.10.4. Sales Footprint
15.1.10.5. Strategy Overview
15.1.10.5.1. Marketing Strategy
15.1.10.5.2. Product Strategy
15.1.10.5.3. Channel Strategy
15.1.11. Sinochem Pharmaceutical Co., Ltd.
15.1.11.1. Overview
15.1.11.2. Product Portfolio
15.1.11.3. Profitability by Market Segments
15.1.11.4. Sales Footprint
15.1.11.5. Strategy Overview
15.1.11.5.1. Marketing Strategy
15.1.11.5.2. Product Strategy
15.1.11.5.3. Channel Strategy
15.1.12. Aarti Industries Ltd.
15.1.12.1. Overview
15.1.12.2. Product Portfolio
15.1.12.3. Profitability by Market Segments
15.1.12.4. Sales Footprint
15.1.12.5. Strategy Overview
15.1.12.5.1. Marketing Strategy
15.1.12.5.2. Product Strategy
15.1.12.5.3. Channel Strategy
16. Assumptions & Acronyms Used
17. Research Methodology
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