Growth in Global Caffeine Market
Delivered January 20, 2020. Contributor: Ore A.
Gather relevant data about the Global Caffeine market in order to accurately represent the market's global opportunity.
, the global caffeine market is expected to reach
This expected growth will be achieved with a worldwide
compounded annual growth rate (CAGR) of 6.8%
In 2018, the global caffeinated beverage market size was valued at
The North America market dominated the
Global Caffeinated Beverage Market by Region
in 2018 in terms of market valuation and growth rate.
The highest revenue share to the
Global Caffeinated Beverage Market by Product
in 2018 was made by the carbonated soft drinks market
with over 54%
. This segment is expected to be dominant for the next 5 years.
This market is followed by the energy drinks market and the ready-to-drink tea and coffee market.
Segmentation and Other Information
Over the next few years, major caffeinated beverage producers
such as PepsiCo Inc., Nestle and Red Bull
are targeting emerging markets to boost their global growth figures.
Growth in this market has been attributed to the growing number and influence of
e-commerce online conglomerates
Natures Basket Ltd.
, Bakery Cart, and
, who offer a variety of soft and energy drinks from different brands.
Another reason for a rise in demand for these products is an increase in
globally and, interestingly enough, increased health consciousness of customers.
In addition to this, a few brands have made efforts to consolidate their brands worldwide with partnerships and acquisitions.
expanded its influence greatly in Nigeria with the
acquisition of Chi Ltd.
fast-growing leader in beverages categories
Coca Cola also acquired Costa Coffee
, a leading coffee beverage manufacturer in 2019 for $5.1billion.
PepsiCo acquired SodaStream
, a sparkling water maker.
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