According to a new market research report published by Acute Market Reports, “Caffeine Market (By Product Type (Synthetic Caffeine and Natural Caffeine), By Application (Food & Beverage, Pharmaceutical, Flavor & Fragrance, and Others), By Geography (North America, Europe, Asia Pacific, and Rest of the World)) - Growth, Future Prospects, and Competitive Landscape, 2023 -2030”, the global caffeine market was valued at US$ 263.6 Mn in the year 2021 and expected to reach US$ 398.4 Mn by year 2030, expanding at a CAGR of 4.7% during the forecast from 2023 to 2030.

Market Insights

"Rising demand of Drinks and Beverages boosts the Global Caffeine Market"

Caffeine is a white crystalline powder extracted from some natural plants. In the pharmaceutical industry, it is recognized as a drug that stimulates the nervous system. Increasing caffeine consumption in form of beverages, drinks, medicines, and other food products is one of the prime factors that uplifts the market growth. Other than food & pharmaceutical products caffeine is significantly used to cure cancer including colon, liver, and colorectal cancers. Henceforth, the increasing usage of caffeine in various products is sputtering its production worldwide.

Caffeine is usually extracted from coffee beans as plantation of coffee is largest compared to other sources of natural caffeine. As per Foreign Agriculture Services, the global coffee production for the 2023-20 season was 174.6 Mn bags (each bag weighs 60 Kg). Brazil, Vietnam, and Colombia are the largest coffee producing countries that contribute around 60% of the total world coffee produced.

Top manufacturers in the global caffeine market majorly belong to South Asia, Middle East, Latin America, and a few from Europe. This is mainly attributed to the large production sites available in these regions. In addition, manufacturers adopt strategic pricing strategy to attract huge mass of customers.

Industrial Developments

• On August 14, 2023, Atomo Coffee Inc. announced to secure US$ 2.6 Mn for developing the world’s first molecular coffee that is prepared without using beans. The company targets to stop the deforestation by reverse engineering the coffee beans.

Key Market Movements:

• Globally, the caffeine market projected to witness a CAGR of 4.7% during the forecast period from 2023 to 2030
• North America and Europe dominated the global caffeine market in the year 2021. The significant revenue share of regions is majorly attributed to the rising consumption of caffeine along with hectic lifestyle and heavy workload.
• Latin & Central America, Middle East & Africa, and South Asia are the prime producers of coffee plants owing to favorable climate conditions and extensive farming lands.
• Food & beverage analyzed to grow at an alarming rate during the forecast period due to increasing demand for energy drinks and rising penetration of soft drink manufacturers in energy drinks and other ready to drink beverages.
• Synthetic caffeine is expected to gain preference in the near future because of increasing dependence of people on instant energy foods.

List of Companies Covered:

• 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.
• Tianjin Zhong'an Pharmaceutical Co. Ltd.
• Taj Pharmaceuticals Ltd.
• Bakul Group

Browse the full report at https://www.acutemarketreports.com/report/caffeine-market

The Global Caffeine Market is Segmented into:

*Complete segmentation list is on report page