“Global Caffeine Powder Market to reach a market value of USD 1.3 Billion by 2031 growing at a CAGR of 5.3%”
The Global Caffeine Powder Market size is expected to reach $1.3 billion by 2031, rising at a market growth of 5.3% CAGR during the forecast period. In the year 2023, the market attained a volume of 26,143.3 tonnes experiencing a growth of 12.4% (2020-2023).
The Asia Pacific region is experiencing rapid urbanization and changing lifestyles, leading to increased consumption of caffeinated beverages and products. Consequently, the Asia Pacific region would acquire nearly 32% of the total market share by 2031. Also, Indian food and beverages industry would consume 734.08 tonnes of this powder by 2031. As urban populations grow and lifestyles become more fast-paced, there is a higher demand for energy-boosting products containing this powder to help consumers stay alert and focused throughout the day.
Modern lifestyles often involve busy schedules, long work hours, and multiple responsibilities, leading to fatigue and the need for a quick energy boost to stay alert and focused throughout the day. In addition, athletes and fitness enthusiasts use this powder to enhance their athletic performance and endurance during workouts and competitions. Thus, increasing demand for energy-boosting products is driving the market’s growth. Additionally, this powder is becoming more widely available through various distribution channels, including online retail platforms, health food stores, specialty supplement shops, and traditional brick-and-mortar retailers. Furthermore, the growing availability of this powder is accompanied by a diverse range of product offerings, including different formulations, dosage strengths, and packaging options. In conclusion, the growing availability of this powder drives the market’s growth.
However, this powder is primarily derived from raw materials such as coffee beans and tea leaves. Fluctuations in the prices of these raw materials can significantly impact the production costs of this powder. Furthermore, price volatility of raw materials can create uncertainty in the supply chain for this powder manufacturers. Hence, the price volatility of the raw materials is hampering the market’s growth.
On the basis of application, the market is segmented into food & beverages, pharmaceuticals, cosmetics & personal care, and others. The cosmetics & personal care segment attained 24.5% revenue share in the market in 2023. IN terms of volume, the cosmetics & personal care segment registered 5,556.0 tonnes in 2023. Caffeine is known for its potential benefits when applied topically to the skin. It is believed to have antioxidant properties that help protect the skin from free radical damage and anti-inflammatory properties that can reduce redness and puffiness. These benefits make caffeine an attractive ingredient for skincare products targeting dark circles, under-eye bags, cellulite, and aging skin.
Based on source, the market is divided into synthetic caffeine and natural caffeine. In 2023, the natural caffeine segment attained 39% revenue share in the market. In terms of volume, the natural caffeine segment registered 6,291.2 tonnes in 2023. Consumers are increasingly preferring natural ingredients in their food and beverages. Natural caffeine, derived from coffee beans, tea leaves, and cacao sources, aligns with this preference and is perceived as a healthier and more wholesome alternative to synthetic caffeine.
Free Valuable Insights: Global Caffeine Powder Market size to reach USD 1.3 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 26.8% revenue share in the market in 2023. North America is one of the largest markets for energy drinks formulated with caffeine and other stimulating ingredients to boost energy. The popularity of energy drinks among consumers, particularly young adults and athletes, contributes significantly to the demand for this powder in the region.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 887.5 Million |
| Market size forecast in 2031 | USD 1.3 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 5.3% from 2024 to 2031 |
| Quantitative Data | Volume in Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 248 |
| Number of Tables | 510 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Source, Application, Region |
| Country scope |
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| Companies Included | BASF SE, CSPC Pharmaceutical Group Limited, Shandong Xinhua Pharmaceuticals Co., Ltd., Aarti Pharmalabs Limited, Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.), Alpspure Lifesciences Pvt. Ltd., Merck KGaA, Archer Daniels Midland Company, Cargill, Incorporated and Wacker Chemie AG |
By Source (Volume, Tonnes, USD Billion, 2020-31)
By Application (Volume, Tonnes, USD Billion, 2020-31)
By Geography (Volume, Tonnes, USD Billion, 2020-31)
This Market size is expected to reach $1.3 billion by 2031.
Increasing demand for energy-boosting products are driving the Market in coming years, however, Price volatility of the raw materials restraints the growth of the Market.
BASF SE, CSPC Pharmaceutical Group Limited, Shandong Xinhua Pharmaceuticals Co., Ltd., Aarti Pharmalabs Limited, Spectrum Chemical Mfg. Corp (Spectrum Laboratory Products, Inc.), Alpspure Lifesciences Pvt. Ltd., Merck KGaA, Archer Daniels Midland Company, Cargill, Incorporated and Wacker Chemie AG
In the year 2023, the market attained a volume of 26,143.3 tonnes experiencing a growth of 12.4% (2020-2023).
The Synthetic Caffeine segment led the Market by Source in 2023; thereby, achieving a market value of $787.3 Million by 2031.
The Europe region dominated the Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $469.5 Million by 2031.
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