Theacrine Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast - 2022 to 2028

The global Theacrine market is anticipated to grow at a considerable CAGR of5.2% during the forecast period (2022-2028). Theacrine is a purine alkaloid known for its anti-inflammatory, and analgesic effects having its application in various conditions including benefits in mental & physical performance, common cold, and others. The major factor attributing to the growth of the global theacrine market iincludes the rising application of theacrine for fatigue treatment due to increasing cases of insomnia, depression, and others. According to the article published by The Recovery Village Drug and Alcohol Rehab in April 2021, around 70 million people in the US are diagnosed with the sleep disorder. The most common sleep disorder is insomnia affecting around 40% of adults. Furthermore, according to the report published by the Centres for Disease Control and Prevention (CDC) in September 2020, around 18.5% of adults in the US experiences symptoms of depression. Among these, around 2.8% experience severe symptoms, around 4.2% experience moderate symptoms, and 11.5% of adult experiences mild symptoms of depression. Thus, increasing the complaints of fatigue resulting in the high demand for theacrine.

A full report of Theacrine Market is available at:https://orionmarketreports.com/theacrine-market/104388/  

In addition, the application of theacrine in the common cold is also increasing.As described by the Centers for Disease Control And Prevention (CDC), adults are affected by the common cold 2 to 3 times every year and children are considered to be affected more times. Common cold can affect people at any time of the year showing several symptoms including sore throat, coughing, sneezing, and headaches, among others. Similarly, the application of theacrine is also increasing for the enhancement of mental and physical performance by acting like caffeine and stimulating the activity of the central nervous system at a high dosage.

The market players are alsocontributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in January 2021, Nutrition21 LLC announced its nooLVL component for use in Rule One Protein's supplement called Player1. Player1 uses nooLVL as a key component containing theacrine, carotenoids, choline, and others.

Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Application
By Distribution Channel
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Shandong Minglang Chemical Co., Arcadia Biosciences, Autech Industry Co. ltd., Hangzhou Lingrui Chemical Co. Ltd., and AK Scientific Inc., among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Theacrine Market Report by Segment

By Application

Mental Performance
Physical Performance
Common Cold
Anti-aging Cosmetics
Fatigue
Other Conditions

By Distribution Channel

Hospital Pharmacies
Online
Retail Drug Stores
 

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This release was published on openPR.