Energy supplements Market includes the U.S., Australia, South Korea, and Hong Kong industry analysis and opportunity assessment for 2020-2030
A recent study published by Transparency Market Research on the energy supplements Market includes the U.S., Australia, South Korea, and Hong Kong industry analysis and opportunity assessment for 2020-2030. Revenue generated from the energy supplements market in the U.S. was valued over ~US$ 13.8 Bn in 2020, which is estimated to rise at a CAGR of ~6%, to surpass US$ 25.7 Bn by 2030. The Australia energy supplements market was valued at ~US$ 856 Mn in 2020, which is estimated to rise at a CAGR of ~8%, to reach US$ 1.9 Bn by 2030. The energy supplements market in South Korea was valued over ~US$ 1 Bn in 2020, which is estimated to rise at a CAGR of 7.5%, to cross US$ 2.2 Bn by 2030. The energy supplements market in Hong Kong was valued at ~US$ 141 Mn in 2020, which is estimated to grow at a CAGR of ~5%, to reach ~US$ 232 Mn by 2030.Consumer Awareness about Preventative Healthcare to Boost Sale of Energy Supplements
Health
and wellness are the core concerns among consumers in both developed and developing
countries. Increasing pollution, urbanization, busy lifestyle, and excessive
working hours are the key factors affecting human health. Thus, consumers
across the world are becoming more health-conscious, which results in increased
consumption of healthy and functional food and beverage products. The
millennial population consumes energy drinks or supplement products to maintain
the everyday energy level of the body. Average and working-class consumer
consumes energy supplement and drink products in the prevention of energy
deficiency, owing to the exhaustion of work and other activities. These are the
key factors fueling the demand for energy supplement products.
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Sports
and Fitness as Part of Daily Routine Lifestyle
On a country
level, sports tournaments are increasing. These sports tournaments are
attracting a huge number of the Gen-Z population toward sports activities. Most
of the Gen-Z population is studying in schools and colleges who is looking
sports as a carrier option, and showing interests in the sports sector. These
young people focus on fitness and physique to maintain balanced health. Due to
these factors, they prefer energy supplements to maintain energy level and
nutritional content in their body, and it is expected to become a part of their
daily routine lifestyle.
ANS Groups
“ANS Rapid Energy Gel” products are designed for convenience during training
and competition to sustain energy demands of athletes at any fitness level with
a unique blend of carbs, electrolytes, vitamins B, C, E, and branch chain amino
acids.
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Rise in Adoption of Healthy Lifestyle
to Boost Demand for Food or Energy Supplements
Everyone
desires a healthy lifestyle with a balanced diet and physical fitness. Today,
increased health and wellness concerns among consumers in developed countries
and increasing awareness about health and wellness in such countries are the
key factors behind the growth of the health supplement market. The increasing
spending power of consumers on health and wellness products in developing
countries is leading to healthy lifestyle of consumers. Consumers are ready to
spend more on healthy products, which result in increasing demand for energy
supplements in developed and developing markets. In order to maintain good
health, consumers are focused on increasing the consumption of nutritional
supplements, including energy supplements.
Energy Supplements Market: Segmentation
Energy Supplements Market, by Product Type
·
Energy
Drinks
·
Energy
Gels
·
Gummies
Energy Supplements Market, by Flavor
·
Fruit
o
Citrus
o
Berries
o
Others
·
Vanilla
·
Chocolate
·
Others
Energy Supplements Market, by Sales Channel
·
Hypermarkets/Supermarkets
·
Specialty
Stores
·
Drug
& Pharmacy Stores
· Online Retai
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