Caffeine prices closely followed coffee bean prices during the period, mostly remaining high. Lower-than-expected production yields for the third consecutive year, along with increased labor costs, shipment expenses, and packaging and energy expenditures, led to elevated upstream costs. Despite difficult supplies, stable and consistent market demands contributed to positive market sentiments for Caffeine prices during the said period.
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Definition
Caffeine is a natural stimulant belonging to the xanthine class. It is commonly found in coffee, tea, and various energy drinks. As a central nervous system stimulant, it temporarily wards off drowsiness and restores alertness. Caffeine is widely consumed worldwide for its ability to boost mental and physical performance.
Key Details About the Caffeine Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Caffeine in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Caffeine Price chart, including India Caffeine price, USA Caffeine price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Caffeine Price Trend:
Caffeine has several key industrial uses across various sectors. Its primary application lies in the food and beverage industry, where it is used as a natural stimulant in coffee, tea, energy drinks, and some soft drinks. Additionally, caffeine is utilized in the pharmaceutical industry as an ingredient in medications, particularly for its stimulant and diuretic properties.
Key Players:
- BASF SE
- Spectrum Chemical Manufacturing Corp.
- Kudos Chemie Limited
- AVT Natural Products
- Shandong Xinhua Pharma
News & Recent Development:
Global coffee prices are expected to rise further due to a shortage in supply for the third consecutive year, with Robusta beans facing a significant deficit. ED&F Man, a leading coffee merchant, estimates a 3.8 million bag shortage for the next season. Arabica coffee prices have already reached a four-month high, driven by Brazil’s crop issues and a delayed harvest. The decline in stocks at the Intercontinental Exchange and India’s reduced coffee crop size also add to the upward price pressure.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
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Reference Link: https://theprocurementexpert.com/caffeine-prices/
