Caffeine Market to reach USD 1.4 Bn by 2029, growing at a CAGR of 5 percent and forecast (2023-2029)

Dublin, April 19, 2023 (GLOBE NEWSWIRE) — Maximize Market Research, an international business & consultancy firm has recently published a research report on the “Caffeine Market”. The total global market size for the “Caffeine Market” was valued at USD 0.8 Bn in 2022 and is expected to grow at a CAGR of 5 percent over the forecast period to reach USD 1.4 Bn by 2029.

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Caffeine Market Report Scope and Research Methodology

The report provides analysis of the Caffeine Market through top key players, share, size, major drivers, challenges, opportunities, market competitive landscape, new product development, technological innovations, and growth. The report presents an analysis of major industry players and their market segments, business strategy, geographical expansion, cost & manufacturing, and pricing structures. PESTLE, a SWOT analysis was used for the industry analysis. The Caffeine Market attractiveness index is provided on the basis of Porter’s five-force analysis. The reports provide an estimated value of the size and growth potential of the Caffeine Market based on the kind of product, the end-use industry, the application and the region. The report includes a comprehensive competitive analysis of the leading players in the Caffeine Market, including their company profiles, recent developments, and insights about their products, business offerings and important market tactics.

Caffeine Market Overview

Caffeine is white crystalline purine, a methylxanthine alkaloid with a bitter taste, which is consumed psychoactive drug that acts as a stimulant for the central nervous system (CNC). It is found in more than 60 plants such as coffee beans, tea leaves, cocoa beans, guarana, and other plant species.

High consumption of energy drinks to drive the market growth

The increasing population, active lifestyle and preference for caffeine beverages are responsible factors for market growth. In the pharmaceutical industry, caffeine is used for various applications such as caffeine beverages for reducing metabolism. The increasing demand for weight loss supplements is expected to influence market growth. Similarly, demand for caffeinated drinks and beverages and trends like coffee-based products including hot and cold coffee, coffee chocolates, coffee-flavored cakes, ice creams and others are expected to boost the market growth during the forecast period. However, the high use of caffeine-included drinks made more side effects on health and creates issues and is expected to restrain the market growth.

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The demand for high consumption of caffeinated food products to fuel market growth in North America

North America accounted for the largest global Caffeine Market share in 2022 and is expected to sustain its dominance over the forecast period. The Canada and USA are major caffeine-consumer countries. The rise in demand for ready-to-drink coffees and other caffeinated drinks as well as the use of caffeine in personal and cosmetic products are expected to boost the Caffeine Market in the region.

Caffeine Market Segmentation

By Product:

• Natural
• Synthesized

Based on the Product, the Natural Caffeine segment is to dominate the market over the forecast period

In 2022, the natural segment held the largest Caffeine Market share and is expected to grow at a significant CAGR over the forecast period. Natural caffeine has high demand due to its various health benefits such as antioxidants, polyphenols, flavonoids and catechins. The consumer demand for instance energy drinks to drive this segment’s growth in the Caffeine Market.

By Type:
• Nutraceutical
• Pharmaceutical
• Food & Beverages
• Cosmetic & Personal care

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Based on the Type, the food and beverage Caffeine segment is to dominate the market over the forecast period

The food and beverage Caffeine segment held the largest market share in 2022 and is expected to maintain its dominance over the forecast period. This segment growth is driven by growing consumer demand for tea, coffee and soft drinks. The flavors and fragrances are expected to boost the food and beverage Caffeine segment growth in the market throughout the forecast period.

Caffeine Key Players include:

• BASF SE
• Aarti Industries Limited
• CSPC Pharmaceutical Group Limited
• Jilin Province Synthetic Pharmaceutical Co., Ltd
• Taj Pharma Group
• Xinhua Pharm
• Spectrum Laboratory Products, Inc
• Ravago Group
• Kudos Blends
• Tate & Lyle
• Pharma Greven GmbH
• Prinova USA.
• AIDP, Inc.
• CellMark AB
• Biesterfeld Spezialchemie GmbH.

Key questions answered in the Caffeine Market are:

• What are Caffeine?
• What was the Caffeine Market Size in 2022?
• What is the expected Caffeine Market size by 2029?
• What is the growth rate of the Caffeine Market?
• What are the key benefits of the Caffeine Market?
• What are the new trends in Caffeine?
• Which segment dominated the Caffeine Market growth?
• What is the demand pattern for the Caffeine Market?
• What are the driving, opportunity and restraining factors in the global Caffeine Market?
• Which are the factors expected to drive the Caffeine Market growth?
• Which factors are expected to restrain the Caffeine Market growth?
• Which region held the largest share of the Caffeine Market?
• Who are the key players in the Caffeine Market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by Product, Type and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

Maximize Market Research is a leading Food & Beverages research firm that has also published the following reports:

Craft Tea Market: The total market size was valued at USD 330.21 Mn in 2021 and the total revenue is expected to grow at a CAGR of 4.2 percent from 2022 to 2029, reaching USD 458.91 Mn. The Health benefits associated with the consumption of craft tea is expected to drive market growth.

Fruit Juice Market: The total market size was valued at USD 140.2 Bn in 2021 and the total revenue is expected to grow at a CAGR of 4.31 percent from 2023 to 2029, reaching USD 196.49 Bn. The increasing number of consumers are hesitating in consuming carbonated drinks is expected to drive market growth.

Energy bar Market: The total market size was valued at USD 3.07 Bn in 2021 and the total revenue is expected to grow at a CAGR of 3.31 percent from 2022 to 2029, reaching USD 4 Bn. Increasing demand for healthy and convenient food is expected to drive market growth.

Coffee Beans Market: The total market size was valued at USD 29.90 Bn in 2021 and the total revenue is expected to grow at a CAGR of 6.8 percent from 2022 to 2029, reaching USD 50.62 Bn. The increasing consumption of coffee and beverages among the population are expected to drive market growth.

Coffee Market: The total market size was valued at USD 115.20 Bn in 2021 and the total revenue is expected to grow at a CAGR of 6.2 percent from 2022 to 2029, reaching USD 186.41 Bn. The growth of local and global franchise coffee shops is expected to drive market growth.

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic Industries, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified Type estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.