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The anhydrous caffeine industry is being aided by the growing demand for caffeine in industries like food and beverages, and nutrition and pharmaceuticals, among others. Based on end-use sectors, the functional foods segment is expected to significantly contribute to the industry growth. The rising consumer demand for functional foods to meet the nutritional requirements is driving the growth of the segment. Anhydrous caffeine is being increasingly adopted by the manufacturers as it is rich in antioxidants, which strengthens the immune system and provide several other benefits. Thus, the growing trend of consuming functional foods owing to the increasing shift towards health and wellness is pushing manufacturers to launch new products. For instance, No Cow, the Denver-based manufacturer of dairy-free, high-protein, and low-sugar products, introduced a new energy bar with high-caffeine and low-sugar content. No Cow Energy Bar contains 45 mg of natural caffeine and just 1 g of sugar and is packed with real whole food ingredients, including oats, nuts, and others. Such developments are expected to aid the industry in the coming years.
Moreover, the expanding distribution channels in countries with high growth potential for caffeine infused products are expected to further propel the market growth. Easy availability of caffeine infused dietary supplements, personal care products, and energy bars, among others, through retail channels like Walmart Inc (NYSE: WMT) and Amazon.com, Inc. (NASDAQ: AMZN) is expected to significantly contribute to the industry growth.
Market Breakup by Type, Form, Source, End Use, and Region:
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The major players in the global anhydrous caffeine market include Foodchem International Corporation, BASF SE, Aarti Industries Limited, and CSPC Pharmaceutical Group Limited, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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