Energy Supplements Market: Introduction
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.
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