Energy Ingredients Market Size, Share, Growth Analysis, By Product Type(Caffeine, creatine, taurine, ginseng and others), By Application(Food, beverage, supplements and others), By Region - Industry Forecast 2024-2031

Global Energy Ingredients Market size was valued at USD 21.02 billion in 2022 and is poised to grow from USD 22.66 billion in 2023 to USD 41.32 billion by 2031, at a CAGR of 7.8% during the forecast period (2024-2031).

Global Energy Ingredients Market is highly fragmented, with the presence of numerous players in the market. These players are primarily focusing on strategic initiatives such as partnerships, collaborations, and mergers and acquisitions to expand their market presence and increase their market share. In addition, key players are investing heavily in research and development activities to launch innovative products and gain a competitive edge in the market. Some of the prominent players operating in the market are adopting various strategies such as new product launches, mergers and acquisitions, and partnerships to enhance their market presence. 'Archer Daniels Midland Company (US)', 'Cargill, Incorporated (US)', 'Royal DSM N.V. (Netherlands)', 'Ajinomoto Co., Inc. (Japan)', 'DuPont de Nemours, Inc. (US)', 'Ingredion Incorporated (US)', 'Kerry Group plc (Ireland)', 'Tate & Lyle PLC (UK)', 'BASF SE (Germany)', 'FrieslandCampina Ingredients (Netherlands)', 'Glanbia plc (Ireland)', 'Givaudan SA (Switzerland)', 'Lonza Group AG (Switzerland)', 'Axiom Foods, Inc. (US)', 'Nexira SAS (France)', 'Balchem Corporation (US)', 'Bioenergy Life Science, Inc. (US)', 'Farbest Brands (US)', 'AAK AB (Sweden)', 'Ashland Global Holdings Inc. (US)'

The increasing demand for energy drinks is driving the growth of the energy ingredients market. Energy drinks are popular among athletes, students, and working professionals who need to maintain their energy levels throughout the day. Moreover, the availability of various energy drinks in different flavors and formulations is further boosting the demand for energy ingredients.

Rising demand for plant-based energy ingredients: There is a growing trend of using plant-based ingredients in energy drinks and supplements. Plant-based ingredients, such as caffeine from green tea and guarana, are becoming popular due to their natural and organic properties. Moreover, plant-based ingredients are considered healthier than synthetic ingredients, and are also more sustainable.

In 2021, the Asia Pacific region dominated the global energy ingredients market. The market growth in the region is fueled by the increasing preference for alternative supplements and the adoption of modern lifestyles that demand the consumption of caffeinated drinks. As an example, in February 2021, Heineken Asia Pacific Beverages entered the energy drink market by using natural ingredients such as caffeine, which is attractive to health-conscious consumers. The consumption of energy drinks in the region is expected to increase as they claim to improve performance, endurance, and alertness, thus increasing their visibility among consumers.