Anhydrous caffeine market projected to reach $3.43 billion by 2034 with growing demand

From GlobeNewswire: 2025-01-09 09:20:00

The global anhydrous caffeine market is projected to reach US$ 2.13 billion in 2024, with a CAGR of 4.9% from 2024 to 2034. North America leads in demand, while East Asia is also showing significant growth due to sports and fitness activities. Synthetic anhydrous caffeine is preferred over natural sources for economic and production-related reasons, driving its demand. Key market players include Caffeine Anhydrous, BASF SE, and Central Drug House.

Demand for energy drinks is expected to surpass US$ 37.80 billion in 2022, with a projected CAGR of 8% by 2031. The global coffee market is valued at US$ 34.1 billion and is expected to grow at a CAGR of 4.6% to reach US$ 53.5 billion by 2033. The market for instant coffee is projected to reach US$ 69.2 billion by 2033.

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