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The key highlights of the report include:
Market Overview: -
- Forecast CAGR (2021-2026): - 8%
Due to their ability to increase physical and mental stamina, energy drinks are increasingly being perceived as beneficial for consumption. The use of anhydrous caffeine is a key ingredient in energy drinks. Caffeine contains properties that are useful to increase alertness and concentration, as well as to boost overall efficiency. Besides this, caffeine is also able to reduce occupational fatigue and lassitude. Consumers favour the consumption of food supplements to satisfy their nutrient needs. Caffeine, due to its performance enhancing capabilities, is one medication that customers are focused on consuming. In addition, because of its property of increasing energy at the time of exercise, caffeine, as a substitute, is also gaining popularity. Therefore, anhydrous supplements also have the potential of increased sales along with the rise in demand for dietary supplements, thereby aiding the growth of the anhydrous caffeine market.
Industry Definition and Major Segments
Naturally, caffeine is found in plants such as tea, cacao, and coffee beans, and is synthesised in water by boiling the parts of plants such as stems, leaves, etc. The water is further permitted to evaporate, and a dry, crystalline, white powder, known as anhydrous caffeine, is obtained. Anhydrous caffeine is more potent since it does not contain water and is, thus, in a more concentrated form than regular caffeine.
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On the basis of type, the industry is divided into:
By form, the market is bifurcated into:
Based on sources, the industry is divided into:
- Coffee Beans
- Tea Leaves
- Cacao Beans
- Synthetic Sources
- Guarana Beans
Based on end-use sector, the market is segmented into:
- Food and Beverages
- Cosmetics and Personal Care
- Dietary Supplements and Functional Foods
On the basis of region, the industry is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Overweight and obesity issues in populations across the globe are growing. In 2016, about 13 percent of adults were obese, while more than 39 percent of adults were overweight, according to the World Health Organisation. The prevalence of obesity worldwide is growing at a very high pace, and consumer demand for weight loss supplements is also expected to grow in the future. As a weight loss supplement, anhydrous caffeine has been a common option, and, thus, the rise in weight-management issues is expected to serve as a significant driver for the demand for anhydrous caffeine. Anhydrous caffeine has an anti-inflammatory property that helps minimise swelling and dark circles of the skin and has thus been used in many personal care items such as soaps, creams, lotions, etc. The cosmetic industry is expected to develop in the Asia Pacific region because of shifting lifestyles and the influence of Western culture. Consumer demand for cosmetics is also growing, and anhydrous caffeine is therefore expected to serve as an acceptable choice for the development of natural cosmetic products. Because of this, during the forecast period, the anhydrous caffeine market is expected to develop further.
Key Market Players
The major players in the market are Foodchem International Corporation, BASF SE, Aarti Industries Limited, and CSPC Pharmaceutical Group Limited, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 1: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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