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Market Overview:
The Caffeine Market size is estimated to reach $28.95 billion by 2030, growing at a CAGR of 7.5% during the forecast period 2023-2030, according to a recent report published by IndustryARC, titled, “Caffeine Market – By Type (Natural Caffeine and Synthesized Caffeine), By Source (Green Tea, Pekoe Tea, Coffee, Guarana, White Tea, Others), By End-User (Food & Beverages, Pharmaceuticals, Flavors & Fragrances, Skin Care Products and Others.), By Distribution Channel (Supermarkets/Hypermarkets, Convenience Stores, Discount Stores, Specialty Stores, E-commerce, and Others), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030” Increasing Demand for Caffeine-Infused Nutritional Beverages and The Growing Use of Caffeine in the Pharmaceutical and Personal Care Industries are fueling the growth of the Caffeine industry during the forecast period.
APAC Dominated the Market in 2023:
In 2023, the Asia-Pacific region captured a dominant market share of 40%, driven by cosmetic manufacturers in the area focusing on the launch of products featuring natural ingredients. However, the North American caffeine market is expected to experience significant growth during the forecast period, fueled by the increasing consumption of caffeinated beverages. Additionally, caffeine is a key component in many weight-loss products, and as obesity rates rise in the region, so will the demand for caffeine. According to 2022 data from the Centers for Disease Control and Prevention (CDC), obesity is projected to increase healthcare costs in the U.S. by US$149 billion annually.
Caffeine Market: Key Takeaways
Increasing Demand for Caffeine-Infused Nutritional Beverages Fuels Market Expansion:
Coffee consumption has been steadily increasing across South and East Asia, driving growth in the global caffeine market. In countries like China and India, fast-paced lifestyles and extended working hours have led to a rise in caffeine consumption as people seek to combat fatigue and boost energy. According to the International Coffee Organization's (ICO) annual report for 2023, coffee consumption in South and East Asia has grown by 6% over the past 25 years. In the United States, the USDA reports that approximately 80% of adults consume caffeine daily. Additionally, leading manufacturers are responding to this growing demand by creating new caffeinated products, particularly in the organic food sector, further expanding the caffeine market share.
The Growing Use of Caffeine in the Pharmaceutical and Personal Care Industries is driving market growth
Caffeine is widely utilized in the pharmaceutical and personal care industries as a key ingredient. The rising popularity of coffee-flavored personal care products is expected to drive demand for caffeine. For instance, mCaffeine, India's first caffeinated personal care brand, became the world's largest single-ingredient direct-to-consumer (D2C) personal care brand in 2022. This brand predominantly uses cocoa beans as the base for its caffeine products. In May 2023, TopGum, Ltd., a manufacturer of gummy supplements, introduced Gummiccino™—a new line of high-dosage caffeine gummies. This product features TopGum's innovative microencapsulation technology, designed to enhance flavor and improve absorption. Infused with robusta coffee bean extract (Coffea robusta), the gummies perfectly capture the true aroma, flavor, and color of coffee.
Scope of the Report:
Recent Developments:
- In November 2023, Quench acquired the U.S. office coffee supplier Neighbors Coffee. This acquisition underscores the expanding role of coffee in Quench's portfolio and aligns with its objective to offer commercial customers a wide range of premium point-of-use solutions.
- In September 2022, PepsiCo's Gatorade introduced a new caffeinated energy drink for athletes, named Fast Twitch. This product combines elements of both energy drinks and sports drinks, offering a unique blend for active consumers.
Caffeine Market: Competitive Landscape
Key companies profiled in the Caffeine Market are BASF SE, CSPC Pharmaceutical Group Limited, Shandong Xinhua Pharmaceutical Co Ltd., Aarti Healthcare Ltd., Jilin Shulan Synthetic Pharmaceutical Co Ltd., Kudos Chemie Limited, Spectrum Chemical Mfg. Corp., Spectrum Laboratory Products, Inc., Taj Pharmaceuticals Ltd., Bakul Group and others.
About IndustryARC™:
IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format that assists an intelligent and informed decision-making process.
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Mr. Venkat Reddy
IndustryARC
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