The United States, holding a
24.3% market share in 2024, sees rising demand for functional
beverages. With energy supplement consumption projected to grow at
a 5.5% CAGR over the next decade, the trend is driven by fitness
enthusiasts and a preference for natural ingredients, boosting the
industry's growth prospects.
NEWARK, Del., July 11, 2024 /PRNewswire/ -- The global
energy supplement market value is forecast to total
USD 43.7 billion in 2024 and
USD 69.4 billion by 2034.
Global energy supplement demand is anticipated to increase at a
CAGR of 4.7% during the assessment period.
One of the prominent factors fueling growth of the energy
supplement industry is the increasing awareness about health
and fitness among consumers. Similarly, growing demand for
convenient energy-boosting supplements is set to boost sales
growth.
Consumers are shifting towards a healthier life by involving in
activities such as going to the gym, exercising, cycling, or yoga
to keep themselves healthy. This extra activity, in addition to
regular work, needs extra energy for body maintenance, leading to
high consumption of energy supplements.
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The target market is set to grow steadily as more and more youth
are involved in sports activities. Also new adventure sports are
added and accepted by sports enthusiasts. This will likely create
lucrative growth prospects for companies.
Leading players are concentrating on creating new formulations
and delivery methods to cater to evolving consumer needs and
preferences. Many new flavors are being added to allow consumers to
choose from. These innovations will positively impact industry
growth during the assessment period.
Key Takeaways from the Report:
- The global energy supplements market is set to total
USD 69.4 billion by 2034.
- By product type, the energy drinks segment is forecast
to account for a value share of 42.1% in 2024.
- Based on the distribution channel, the store-based retail
category will likely hold a market share of 54.3% in
2024.
- The United States is poised to
record a CAGR of 5.5% through 2034.
- Demand in India is predicted
to increase at 7.2% CAGR between 2024 and 2034.
"The energy supplement industry is poised to witness a
steady growth trajectory due to the increasing demand for portable
and easy on-to-go energy supplements during heavy physical
activities. However, regulatory compliances of various regions
along with sourcing of raw materials may restrict new product
launches in the market." -
Nandini Roy
Choudhury, Client Partner at Future Market
Insights
Who is Winning?
Amway corporations, Herbalife Nutrition, Glanbia Nutrition,
PepsiCo Holdings, Red Bull,
Herbaland, BUILD, and others are the few leading players operating
in this market. Key players are constantly focusing on developing
new formulations with innovative flavors and formats to cater to
the specific requirements of consumers.
Strategies like acquisitions, mergers, partnerships, and
distribution agreements are becoming popular in the industry.
Similarly, companies are using extensive marketing strategies to
increase their customer base and stay ahead of the competition.
Industry Update:
- In 2024, United States-based
Rockstar Energy Drinks introduced Rockstar Focus to
strengthen its energy drink portfolio.
Leading Energy Supplement Brands
- Amway Corporation
- Herbalife Nutrition Ltd.
- Glanbia Nutritionals Inc.
- PepsiCo Holdings
- Red Bull GmbH
- Herbaland
- Rockstar, Inc.
- Celsius
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Country wise Insights
Countries
|
CAGR 2024 to
2034
|
United States
Energy Supplement Market
|
5.5 %
|
Germany
Energy Supplement Market
|
4.4 %
|
India Energy
Supplement Market
|
7.2 %
|
Australia
Energy Supplement Market
|
8.1 %
|
Get More Valuable Insights
Future Market Insights (FMI) has released an objective
assessment of the global energy supplement market, presenting past
demand data from 2019 to 2023 and projecting forecast statistics
for the 2024 to 2034 period.
The study provides compelling industry insights based on product
type (drinks, powders, capsules, tablets, gummies, others (gel,
energy bars)), end-user (kids/infants, adults/teenagers, old age),
distribution channel (store-based retail-hypermarket/supermarkets,
pharmacies or drug stores, grocery store, specialty stores,
discount store, online retail), and region (North America, Latin
America, Europe,
East Asia, South Asia, and the Middle East & Africa).
Report Preview:
https://www.futuremarketinsights.com/reports/energy-supplement-market
Authored by:
Nandini Roy
Choudhury (Client Partner for Food & Beverages at
Future Market Insights, Inc.) has 7+ years of management consulting
experience. She advises industry leaders and explores off-the-eye
opportunities and challenges. She puts processes and operating
models in place to support their business objectives.
She has exceptional analytical skills and often brings thought
leadership to the table.
Nandini has vast functional expertise in key niches, including
but not limited to food ingredients, nutrition & health
solutions, animal nutrition, and marine nutrients. She is also
well-versed in the pharmaceuticals, biotechnology, retail, and
chemical sectors, where she advises market participants to develop
methodologies and strategies that deliver results.
Her core expertise lies in corporate growth strategy, sales and
marketing effectiveness, acquisitions and post-merger integration
and cost reduction. Nandini has an MBA in Finance from MIT School
of Business. She also holds a Bachelor's Degree in Electrical
Engineering from Nagpur University, India.
Nandini has authored several publications, and quoted in
journals including Beverage Industry, Bloomberg, and Wine Industry
Advisor.
Explore FMI's related ongoing Coverage in Food and
Beverage Domain:
The global dietary supplement market value is
expected to attain a valuation of around US$
170.1 billion by 2034.
Global Natural Food Colors Market Value is estimated to grow at
~US$ 3.3 billion by 2033, at 7.2%
CAGR during forecast periods.
The global sales of Botanical Supplements Market is
predicted to surpass a valuation of US$
71,963 million in 2023. It is expected to reach a valuation
of US$ 95,703.2 million by
2033.
The global collagen supplement industry share is
forecast to reach a value of nearly US$
3,089.7 million by 2034.
The Vegan Vitamins and Supplements market is
anticipated to expand at a CAGR of 6.10% during the forecasted
period.
The Glucosamine Supplements Market
size is expected to expand at a CAGR of 4.8%. The
industry's estimated value will increase from US$ 583.6 Million in 2023 to US$ 932.7 Million in 2033.
The global demand for brain health supplement
market is expected to reach US$
15,180 million by 2034, up from US$
8,200 million in 2024.
The global Hyaluronic Acid Supplement industry share
is promising to achieve a market valuation of US$ 3,405.1 million by 2034.
The global sales of skincare supplement market
is projected to reach USD 2,780
million in 2024. The industry is estimated to attain a value
of around USD 4,500 million by 2034
and witness a CAGR of 8.8% in the forecast period 2024 to 2034.
The overall demand for plant-based energy drinks is
projected to grow at a CAGR of 6.11% between 2022 and 2032,
totaling around US$ 16,285.7 Million
by 2032.
Water Enhancers Market reached a valuation of US$ 1.6 Billion in 2022 and is expected to reach
US$ 4 Billion by 2032, at a 9.5%
CAGR.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the
Stevie Award, and a member of the Greater
New York Chamber of Commerce) offers profound insights into
the driving factors that are boosting demand in the market. FMI
stands as the leading global provider of market intelligence,
advisory services, consulting, and events for the Packaging, Food
and Beverage, Consumer Technology, Healthcare, Industrial, and
Chemicals markets. With a vast team of over 400 analysts worldwide,
FMI provides global, regional, and local expertise on diverse
domains and industry trends across more than 110
countries.
Contact FMI:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware –
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