Synthetic Caffeine Market: Market Outlook
Synthetic Caffeine is the caffeine derivatives which is produced from the synthetic sources. Unlike the natural caffeine which is obtained from the coffee leaves, tea leaves, cocoa leaves, and other natural sources, the synthetic caffeine is manufactured in a laboratory from the various chemical compounds. Urea and cyanoacetic acid are the key synthetic sources which are used to produce synthetic caffeine. The prime application areas for synthetic caffeine are the various food and beverage products, cosmetics, dietary supplements, and others. Furthermore, synthetic caffeine is also widely utilized in pharmaceutical as it is one of the vital drug compounds for mental alertness.
The beverage products are the prime end-use for synthetic caffeine. The beverage manufacturers are increasingly approaching the use of synthetic caffeine in different types of beverages owing to its capability to increase the energy and focus level. The energy drinks, sports drinks, energy bars, baked goods are among the food and beverage products where synthetic caffeine is used. The growing consumption of multi-functional beverages, functional beverages are some of the growth factors for the synthetic caffeine market. The growing caffeine intake to acquire mental stimulation is also a considerable aspect for the growth of the synthetic caffeine market.
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Growing consumption of caffeinated food products is driving the growth of synthetic caffeine market
The synthetic caffeine market is driven by the increasing consumption of caffeinated food products across the world. The food manufacturers have adopted the use of synthetic caffeine in various food products as it is positively impacting physical and mental performance. Mostly beverages, bakery, dairy, and confectionery products are approached food products for the addition of synthetic caffeine due to the high consumption rate of these foods. Furthermore, the upturn in the consumption of energy drinks is benefiting the synthetic caffeine market. Synthetic caffeine is among the vital ingredients, which is used in energy drinks. Caffeine contains properties, which are useful to increase alertness, focus, and also for improving the performance. Apart from that, caffeine is also capable to reduce fatigue and sleepiness during work. Moreover, the wide applicability of synthetic caffeine is providing prominent growth to the market in the future. Synthetic caffeine is one of the widely used drugs or components for different industries. Along with the food and beverage industry, it is also applicable for cosmetics and personal care, pharmaceutical, chemical, and other industries as well. However, growing caffeine intolerance in consumers is hampering the growth of the synthetic caffeine market.
Global Synthetic Caffeine Market: Segmentation
On the basic of form, the global synthetic caffeine market has been segmented as –
On the basic of end use, the global synthetic caffeine market has been segmented as –
- Food & Beverages
- Cosmetics & Personal Care
- Dietary Supplements & Functional Food
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Global Synthetic Caffeine Market: Key Players
Some of the key players of synthetic caffeine market are-
- BASF SE
- Cambridge Commodities Limited
- CSPC Pharmaceutical Group Limited
- Aarti Industries Limited
- Spectrum Chemical Manufacturing Corp.
- LobaChemie Pvt. Ltd.
- Central Drug House
- Foodchem International Corporation
- Stabilimento Farmaceutico Cav. G. Testa Srl
- Kudos Chemie Limited