Caffeine is a central nervous system stimulant found in various food products such as coffee, tea, guarana, and dark chocolate. It helps boost energy levels and alleviates drowsiness. Caffeine is widely used in medicines, beverages, candies, and gum. The rising demand for functional food and beverages infused with caffeine to increase energy levels has accelerated the demand for caffeine.
The global caffeine market is estimated to be valued at US$ 18.12 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends: The preference for caffeinated food products has significantly increased among consumers in recent years. Coffee and energy drinks infused with guarana or matcha extracts are being widely consumed for their perceived benefits of increased alertness and energy. Moreover, dark chocolate has gained traction among health-conscious consumers due to the associated health advantages of cocoa along with caffeine content. Many packaged food and beverage companies have launched new product lines infused with natural sources of caffeine such as tea and coffee extracts to capitalize on the growing demand. Rising awareness about the health benefits of caffeine when consumed in moderation is further driving the growth of the caffeine market.
Segment Analysis
The global caffeine market is segmented by type into synthetic and natural. The natural segment dominates the market and accounts for around 60% of the total market share. This is because natural caffeine from sources such as coffee beans, tea leaves, and cocoa beans offer additional health benefits compared to synthetic caffeine. Natural caffeine is also considered safer for consumption by many consumers.
Key Takeaways
The global caffeine market growth is expected to witness high growth over the forecast period of 2023 to 2030. The global caffeine market is estimated to be valued at US$ 18.12 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030.
Regional analysis:
Asia Pacific region dominates the global caffeine market and is expected to continue its dominance over the forecast period as well. The high consumption of coffee and tea beverages containing natural caffeine in countries such as China, India, Japan, and South Korea is driving the growth of the market in the region.
Key players:
Key players operating in the caffeine market are Altana, Chase Corp., CHT Ltd, Dow, Dymax, HK Wentworth Ltd, H.B. Fuller Company, Henkel AG & Co. KGaA, ITW, Kisco Ltd, MG Chemicals, Panacol-Elosol GmbH, Shin-Etsu Chemical Co. Ltd, and Momentive. Altana and Dow account for the major market shares in the global market owing to their strong manufacturing and distribution network across the globe.
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The major players in the synthetic caffeine market include BASF SE, Cambridge Commodities Limited, CSPC Pharmaceutical Group Limited, Aarti Industries Limited, Spectrum Chemical Manufacturing Corp., LobaChemie Pvt.
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Growing awareness about the health benefits of caffeine to further propel its consumption in the coming years.
