Caffeine is found in tea, coffee, mate, and other food products. It is a psychoactive drug used in pharmaceuticals. Major factor driving growth of the global caffeine market is growing consumption of caffeinated drinks among consumers. However, high consumption of caffeine for prolong period adversely affects health of an individual, causing irritation, stomach ache, insomnia, etc. which may affect growth of the target market.
The global caffeine market has been segmented on the basis of type, application, and region. On the basis of type, the market is segmented into natural caffeine and synthetic caffeine. Natural caffeine is found in coffee beans, tea, etc. Growing preference for natural caffeine is anticipated to witness lucrative growth of this segment.
On the basis of application, the market is segmented into pharmaceuticals, food, beverages, and flavors and fragrances. Beverage segment dominated the global market in terms of revenue and is expected to maintain its position in the near future, owing to growing popularity of soft drinks and energy drinks among consumers.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Market in North America and Europe dominates the global market in terms of revenue and expected to witness lucrative growth over the forecast period. Regular consumption of caffeinated beverages such as tea, coffee, and soft drinks among consumers, as well as availability of variety of caffeinated beverages are factors fueling growth of the target market in these regions. Market in Asia Pacific is expected to witness high growth in terms of revenue in the near future, owing to rising popularity of various types of caffeinates drinks among consumers. In addition, increasing use of caffeine in pharmaceuticals is another factor expected to fuel growth of the target market in Asia Pacific region.
Key players operating in the global caffeine market include CSPC Pharmaceutical Group Ltd, BASF SE, Shandong Xinhua Pharmaceutical Co Ltd, Kudos Chemie Limited, Aarti Healthcare Ltd, Tianjin Zhong’an Pharmaceutical Co., Ltd., Jilin Shulan Synthetic Pharmaceutical Co., Ltd, YouHua Pharmaceutical & Chemical Technology Co., Ltd., Spectrum Chemical Manufacturing Corp., and Taj Pharmaceuticals Ltd.