Global Carnauba Wax Market Analysed & Forecast by GlobalInfoResearch in Its Cutting-Edge Report Now Available at MarketPublishers.com13 Sep 2017 • by Natalie Aster
LONDON – Over 2017-2022, the global market for carnauba wax is set to gain traction at a quick pace, demonstrating a double-digit CAGR. The key factors expected to fuel growth in this market include rising adoption of carnauba wax in confectionery products like chewing gums and jellies, increasing consumption of chewy confectionery especially in the APAC region, expanding usage of this product as a food glazing agent and favourable regulations.
As for applications, the food industry grabs the lion’s share of the total revenues of the world’s carnauba wax; this is primarily attributed to the increasing usage of carnauba wax in confectionery and fruit coatings.
Given the high market maturity in North America and Europe, demand for carnauba wax in these regional markets is likely to be curtailed. Meantime, due to robust industrialisation and, as a result, to the rapid development of various end-use industries, the APAC carnauba wax market is likely to enjoy high growth in the foreseeable future.
Top companies involved in the carnauba wax industry include, amid others, Brasil Ceras, Grupo Biobras, Norevo, Foncepi, Carnauba do Brasil, Cerasmel Relumay.
Cutting-edge report titled “Global (North America, Europe and Asia-Pacific, South America, Middle East and Africa) Carnauba Wax Market 2017 Forecast to 2022” recently issued by GlobalInfoResearch offers a detailed analysis of the current situation in the market, describing its product scope, opportunities, risks, market growth driving and limiting forces. The report also provides relevant information on sales and sales channels, revenues, prices as well as on the top manufacturers, distributors, traders and dealers active in the carnauba wax domain. Moreover, the report sheds light on key competitive pressures, comprises a holistic market segmentation analysis (by types, applications, manufacturers, countries and regions), touches upon the top trends and the hottest issues, and also gives future forecasts for the world’s carnauba wax market through 2022.
Many other research reports elaborated by GlobalInfoResearch are available at its page at MarketPublishers.com.