Published by Coherent Market Insights
Posted on September 28, 2021
Caffeine is a xanthine alkaloid that naturally occurs in seeds, leaves and fruits of several plants such as, coffee, tea, and guarana among others. Every day millions of people consume caffeine to alleviate fatigue, increase wakefulness, and to improve concentration & focus. It is also found as an ingredient in medicines for headache and migraine.
The growing coffee consumption globally is one of the driving factors for caffeine market growth. According to the International Coffee Organization (ICO), the global coffee consumption reached to 168.1 million bags in the year 2018-19, representing an average annual growth rate of 2.7% over the last five years. Strongest annual growth rates have been found in Asia Pacific, averaging 3.4% per annum, followed by North America (+2.7%), Africa (+2.3%), and Europe (+2.2%). According to the same source, total exports in 2018-19 amounted for 131.62 million bags, showing an increase of 9.9% compared to 2017.
The global caffeine market is estimated to surpass US$ 23,219.0 Mn by the end of 2027 in terms of revenue, exhibiting a CAGR of 7.4% during the forecast period (2020 to 2027).
Top Key Players in Caffeine market: BASF-STOCKS-70dc04b4-71c7-40d6-b399-c3163c3ba8c4>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., and Jilin Shulan Synthetic Pharmaceutical Co. Ltd.
Regional Analysis For Caffeine Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Caffeine market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Excessive consumption of caffeine causes side effects like restlessness, insomnia, headaches, dizziness, dehydration, anxiety etc. These side effects contributed in driving the consumers to seem for healthy alternatives which will replace caffeine. a number of the alternatives for caffeine are ginseng, pomegranate juice, maca, baobab, and reishi among others. Availability of such substitutes are expected to hamper the caffeine market growth.
Moreover, players operating in the food ingredients industry are focusing on developing products which can replace caffeine in food products, this is also expected to hamper the market growth of caffeine over the forecast period.
Players operating in the caffeine market are focused on developing new ingredients using caffeine for end-use industries. This is expected to drive the market growth for caffeine over the forecast period. For instance, In 2019, OmniActive Health Technologies (a U.S.-based natural ingredients’ manufacturer) launched a new ingredient, Xtenergy. The new ingredient is naturally sourced from green coffee beans and is formulated to provide a uniform release of caffeine over several hours. Moreover, the ingredient is formulated to eliminate the bitterness associated with other caffeine supplements, which makes it ideal for powder applications.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Caffeine market by Forecast to 2027 with Covid-19 Impact, Current and Future Growth Overview and Competitor Analysis appeared first on Gatorledger.
Caffeine is a xanthine alkaloid that naturally occurs in seeds, leaves and fruits of several plants such as, coffee, tea, and guarana among others. Every day millions of people consume caffeine to alleviate fatigue, increase wakefulness, and to improve concentration & focus. It is also found as an ingredient in medicines for headache and migraine.
The growing coffee consumption globally is one of the driving factors for caffeine market growth. According to the International Coffee Organization (ICO), the global coffee consumption reached to 168.1 million bags in the year 2018-19, representing an average annual growth rate of 2.7% over the last five years. Strongest annual growth rates have been found in Asia Pacific, averaging 3.4% per annum, followed by North America (+2.7%), Africa (+2.3%), and Europe (+2.2%). According to the same source, total exports in 2018-19 amounted for 131.62 million bags, showing an increase of 9.9% compared to 2017.
The global caffeine market is estimated to surpass US$ 23,219.0 Mn by the end of 2027 in terms of revenue, exhibiting a CAGR of 7.4% during the forecast period (2020 to 2027).
Top Key Players in Caffeine market: BASF-STOCKS-70dc04b4-71c7-40d6-b399-c3163c3ba8c4>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., and Jilin Shulan Synthetic Pharmaceutical Co. Ltd.
Regional Analysis For Caffeine Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Caffeine market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Excessive consumption of caffeine causes side effects like restlessness, insomnia, headaches, dizziness, dehydration, anxiety etc. These side effects contributed in driving the consumers to seem for healthy alternatives which will replace caffeine. a number of the alternatives for caffeine are ginseng, pomegranate juice, maca, baobab, and reishi among others. Availability of such substitutes are expected to hamper the caffeine market growth.
Moreover, players operating in the food ingredients industry are focusing on developing products which can replace caffeine in food products, this is also expected to hamper the market growth of caffeine over the forecast period.
Players operating in the caffeine market are focused on developing new ingredients using caffeine for end-use industries. This is expected to drive the market growth for caffeine over the forecast period. For instance, In 2019, OmniActive Health Technologies (a U.S.-based natural ingredients’ manufacturer) launched a new ingredient, Xtenergy. The new ingredient is naturally sourced from green coffee beans and is formulated to provide a uniform release of caffeine over several hours. Moreover, the ingredient is formulated to eliminate the bitterness associated with other caffeine supplements, which makes it ideal for powder applications.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Caffeine market by Forecast to 2027 with Covid-19 Impact, Current and Future Growth Overview and Competitor Analysis appeared first on Gatorledger.
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