Energy Supplements Market: Introduction
A recent study published by Transparency Market Research on the energy supplements market includesthe U.S., Australia, South Korea, and Hong Kong industry analysis andopportunity assessment for 2020-2030. Revenue generatedfrom the energy supplements market in the U.S. was valued over ~US$ 13.8 Bnin 2020, which is estimated to rise at a CAGR of ~6%,to surpass US$ 25.7 Bn by 2030. TheAustralia energy supplements market was valued at ~US$ 856 Mnin 2020, which is estimated to rise at a CAGR of ~8%,to reach US$ 1.9 Bn by 2030. The energysupplements market in South Korea was valued over ~US$ 1 Bnin 2020, which is estimated to rise at a CAGR of 7.5%,to cross US$ 2.2 Bn by 2030. The energysupplements market in Hong Kong was valued at ~US$ 141 Mnin 2020, which is estimated to grow at a CAGR of ~5%,to reach ~US$ 232 Mn by 2030.
Consumer Awareness about Preventative Healthcare toBoost Sale of Energy Supplements
Health and wellness are the core concerns among consumers in bothdeveloped and developing countries. Increasing pollution, urbanization, busylifestyle, and excessive working hours are the key factors affecting humanhealth. Thus, consumers across the world are becoming more health-conscious,which results in increased consumption of healthy and functional food andbeverage products. The millennial population consumes energy drinks orsupplement products to maintain the everyday energy level of the body. Averageand working-class consumer consumes energy supplement and drink products in theprevention of energy deficiency, owing to the exhaustion of work and otheractivities. These are the key factors fueling the demand for energy supplementproducts.
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Sports and Fitness as Part of Daily RoutineLifestyle
On a country level, sports tournaments are increasing. These sportstournaments are attracting a huge number of the Gen-Z population toward sportsactivities. Most of the Gen-Z population is studying in schools and collegeswho is looking sports as a carrier option, and showing interests in the sportssector. These young people focus on fitness and physique to maintain balancedhealth. Due to these factors, they prefer energy supplements to maintain energylevel and nutritional content in their body, and it is expected to become apart of their daily routine lifestyle.
ANS Groups “ANS Rapid Energy Gel” products are designed for convenienceduring training and competition to sustain energy demands of athletes at anyfitness level with a unique blend of carbs, electrolytes, vitamins B, C, E, andbranch chain amino acids.
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Rise in Adoption of Healthy Lifestyle to BoostDemand for Food or Energy Supplements
Everyone desires a healthy lifestyle with a balanced diet and physicalfitness. Today, increased health and wellness concerns among consumers indeveloped countries and increasing awareness about health and wellness in suchcountries are the key factors behind the growth of the health supplementmarket. The increasing spending power of consumers on health and wellnessproducts in developing countries is leading to healthy lifestyle of consumers.Consumers are ready to spend more on healthy products, which result inincreasing demand for energy supplements in developed and developing markets.In order to maintain good health, consumers are focused on increasing theconsumption of nutritional supplements, including energy supplements.
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