ENERGY SUPPLEMENTS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Global energy supplements market is estimated to be valued at USD 47.17 Bn in 2024 and is expected to exhibit a CAGR of 6.7% during the forecast period (2024-2031). Energy supplements are being increasingly consumed by people who need an extra boost of energy to cope up with busy lifestyle and heavy work schedules. Growing health and wellness trends have pushed people to opt for natural energy supplements over sugary products. Changing diet patterns and hectic schedules have also created the demand for convenient yet effective energy sources in the form of supplements. The market for energy supplements is expected to continue its growth trajectory over the next several years as awareness about nutrition and health keep rising.
Market Dynamics:
The key drivers fueling the growth of the global energy supplements market include increasing health consciousness among consumers, changing lifestyles demanding continuous energy, growing awareness about the benefits of herbal and plant-based products over synthetic supplements, launch of various product stock keeping units (SKUs) catering to specific demands, and aggressive promotion campaigns by manufacturers. However, factors like side-effects of excessive intake, preference for fresh whole foods as substitutes, and presence of alternatives may limit the market potential. Introduction of customized solutions for various consumer groups, focus on new delivery formats, and expansion across underpenetrated regional markets are expected to open new opportunities over the coming years.
Key Features of the Study:
- This report provides in-depth analysis of the global energy supplements market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global energy supplements market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Premier Nutrition Company, LLC, AdvaCare Pharma, Strava Healthcare Pvt Ltd, Herbalife International India Pvt Ltd, Fast&Up, Abbott, AriZona Beverages USA, Glanbia PLC, Amway India Enterprises Pvt. Ltd., Nutrizoe, Bagrrys India, PROBAR, Inc., and Pepsi Energy Co.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- Global energy supplements market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global energy supplements market
Market Segmentation
Market Segmentation
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