Press release
Caffeine Market Size to Worth Around US$ 28.52 Bn by 2031 | BASF SE, Spectrum Chemical Manufacturing Corp.
Caffeine Market
The global caffeine market is estimated to surpass US$ 28.52 Bn by the end of 2030 in terms of revenue, exhibiting a CAGR of 6.7% during the forecast period (2023 to 2030).
Market Dynamics:
The caffeine market is witnessing high growth owing to rising consumption of energy drinks and demand for functional beverages among young population. According to the report, the global energy drinks market size was valued at USD 53.01 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. Moreover, growing health consciousness is also prompting consumers to opt for beverages with functional benefits like enhanced immunity, which has augmented the demand for caffeinated drinks over the forecast period.
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Major Market Drivers
Increase in Coffee Shops and Cafes Boosting Caffeine Market Growth
The number of coffee shops and cafes has increased significantly over the past decade. According to data, the number of coffee shops in the US alone has grown from around 20,000 in the early 1990s to over 30,000 currently. This rise in coffee culture has led to an increase in demand for caffeinated beverages like coffee and energy drinks. Customers frequenting these coffee shops on a daily basis is driving the need for various caffeine products. Coffee shop chains have also expanded internationally, further fueling the global caffeine market.
Major Market Opportunity
Emergence of Decaffeinated Beverage Options Opening New Growth Avenues
While caffeine has traditionally been the key functional ingredient driving beverage sales, customers are now more health-conscious and looking for options without compromising on taste. This consumer behavioral shift provides opportunities for decaffeinated variants of popular beverages. Manufacturers leveraging advanced decaffeination techniques are launching array of decaf coffee, tea and soft drink alternatives. Their clean label appeal without the caffeine is winning customers. The availability of these decaf drinks in cafes and retail outlets has boosted their consumer base. This emerging decaffeinated beverage segment presents lucrative opportunities for the caffeine market to attract new customers and increase overall revenue prospects.
Major Market Trend
Innovation of Delivery Formats such as Capsules Driving Market Premiumization
To appeal to evolving taste preferences and hectic lifestyles, caffeine product manufacturers are focusing on novel delivery formats. Single-serve capsule systems for coffee machines providing convenience and consistency are fast gaining popularity. These capsules filled with premium ground coffee allow for an authentic fresh brew experience on the go. Likewise, energy shot vials and tablets delivering a quick caffeine boost are resonating well with time-strapped users. Advanced ready-to-drink formats incorporating functional extras are also enhancing caffeinated beverages' image. Such innovation and premiumization of caffeine delivery channels is driving higher unit prices in the market. This upward trend provides opportunities to manufacturers for portfolio expansion and improved profitability.
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Top Companies Included in This Report:
★ BASF SE
★ Spectrum Chemical Manufacturing Corp.
★ Kudos Chemie Limited
★ AVT Natural Products
★ Tianjin Zhong'an
★ Pharmaceutical Company Ltd.
★ Shandong Xinhua Pharma
★ Aarti Industries Limited
★ Bakul Group
★ Taj Pharmaceuticals Limited.
★ Jilin Shulan Synthetic Pharmaceutical Co. Ltd.
Market Segmentation:
By Product Type:
★ By Caffeine Source: Green Tea, Pekoe Tea, Coffee, Guarana, White Tea, Others
★ By Nature: Organic, Inorganic
★ By Demographics: Below 18 years, 18-34 years, 35-50 years, 50-64 years, Above 65 years
By Applications:
★ By Application: Food & Beverages, Pharmaceuticals, Personal Care, Others
Key Regions/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Caffeine Market by Players
Chapter 4: Market Size of the Caffeine Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Caffeine Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Caffeine industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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