Consumers are turning toward energy supplements to protect themselves from various health issues. Vitamin C, vitamin D, and zinc supplements are mainly considered to boost the immune system. High-risk patients suffer from vitamin D deficiency tend to increase their chances of contracting the COVID-19 virus. Companies operating in the energy supplements market are capitalizing on this opportunity to raise their production capabilities and establish long-term growth opportunities with different energy gummies in the field of pediatrics.
MARKET DYNAMICS
The energy supplements market has witnessed significant growth owing to factors such as Inexpensive and over-the-counter availability of these products. The energy supplements market is anticipated to grow during the forecast period, since energy gummies are being highly popular for weight management. Manufacturers of these products are experimenting with different blends of elements, including green coffee beans, L-carnitine, and vitamin C to offer gummies that are rich in antioxidants. Sugar-free energy drinks is also gaining popularity among the consumers, which is further influencing the market growth. However, on going Covid-19 pandemic and its effects such as breaking down of sales channel, lock down in many countries, and others may restrict the growth of the energy supplements market. Nevertheless, with the rapid growth in the food industry and e-commerce sector, there are opportunities for the key market players to invest in this market.
MARKET SCOPE
The "Global Energy Supplements Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the energy supplements market with detailed market segmentation by product type, distribution channel, and geography. The global energy supplements market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading energy supplements market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global energy supplements market is segmented on the basis of product type, and distribution channel. The energy supplements market on the basis of the product type is classified into tablets and capsules, drinks, powder, and others. Based on distribution channel, global energy supplements market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global energy supplements market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The energy supplements market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the energy supplements market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the energy supplements market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global energy supplements market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from energy supplements market are anticipated to lucrative growth opportunities in the future with the rising demand for energy supplements in the global market. Below mentioned is the list of few companies engaged in the energy supplements market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the energy supplements market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- AdvoCare
- Amway Melaleuca Inc.
- Forever Living
- Glanbia plc
- GNC Holdings Inc.
- Herbalife Nutrition Ltd.
- Monster Beverage Corporation
- PepsiCo, Inc.
- USANA Health Sciences, Inc.
- Vitaco Health Limited
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.