Energy Ingredients Market 2030: The Rise of Caffeine in Beverages
Energy Ingredients Market Growth & Trends The global energy ingredients market size is expected to reach USD 36.79 billion by 2030, expanding at a CAGR of 7.4% from 2022 to 2030, according to a new report by Grand View Research, Inc. Increasing consumption of energy-enhancing products and growing health consciousness are some of the factors anticipated to drive the market during the forecast period. For instance, in April 2020, Taisho Pharmaceutical Holdings released Japan's first caffeine-free energy drink containing the botanical ingredient, enXtra. The product helps improve alertness and focus for up to five hours with or without caffeine. Furthermore, energy ingredients promote enhanced mental as well as physical health. Such factors will also aid in market growth. In addition, increased consumer interest in snacks that are high in fiber, minimally processed, and contain energy-based ingredients will bode well with the growth of the market. According to an article pu...