Latin America Candelilla Wax Market is forecast to grow at 7.7% CAGR with factors such as increasing demand for plant-based ingredients in cosmetics industry and effective properties candelilla wax such as higher melting point, better chemical stability, and water repellency as compared to the substitutes.
Candelilla wax is used as raw material for cosmetic, medicinal, food and other technical uses. The properties offered by candelilla wax makes it a potential ingredient in various industries. It acts as a hardening agent and has a high melting point hence used in several cosmetic applications such as lip balm and lipsticks. Furthermore, candelilla wax is dispersed in fatty oil such as sunflower oil which forms organogel with the texture which is used by food industry.
Meat extract Market Scenario
According to Data Bridge Market Research, the market for Latin America candelilla wax in Mexico has the highest market share followed by Argentina and Brazil. Market leader is Multiceras which accounts an estimated market share approximately 25%. In recent time, Multiceras is playing major role by providing candelilla wax in market and helping cosmetics and food & beverages products manufacturer to fulfill consumer needs.
The company operates in different product categories and they are Candelilla Real, Wax Emulsion, Beewax, Carnauba Wax, Candeuba, CartoWax, Synthetic Waxes, Microcrystalline, Paraffin Waxes, and Petrolatum. The product for candelilla wax belongs in Candelilla Real category.
Trends impacting the market
Now the question is which other regions Multiceras, Henry Lamotte Oils GmbH, and NOREVO are targeting? Data Bridge Market Research has estimated a large growth in Mexico candelilla wax market and the market leaders are targeting Argentina, and Brazil to be their next revenue pockets for 2020.
Latin America candelilla wax market is becoming more competitive every year with companies such as Multiceras, Henry Lamotte Oils GmbH, and NOREVO are the market leaders for candelilla wax. Data Bridge Market Research new reports highlight the major growth factors and opportunities in the Latin America candelilla wax market.
For more analysis on the Latin America candelilla wax market request for a briefing with our analysts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=latin-america-candelilla-wax-market
Latin America Candelilla Wax Market Developments
- In October 2020, Henry Lamotte Oils GmbH has won a Green Ingredient Award at in-cosmetics for the innovative product that are ethically sourced for the collectors of the nuts. This has helped the company to develop its brand image in the market which has eventually helped the company to generate its revenue from the market.
- In November 2019, NOREVO has attended BIOFACH 2020. BIOFACH is the ideal platform for learning about the latest innovations and trends in the industry and many industry experts comes at this exhibition which helps companies to present their products. Norevo has presented its portfolio of bio-certified raw materials for the production of natural cosmetics and organic food. This exhibition has helped company to showcase their broad product portfolio which helped company to generate their revenue.
Scope of the Latin America Candelilla Wax Market
Latin America candelilla wax market is segmented based countries into Brazil, Mexico, Argentina, Chile, Paraguay, Uruguay, Peru, and Rest of Latin America.
All analysis of the Latin America candelilla wax market is further analyzed based on maximum granularity into further segmentation. On the basis of form, Latin America candelilla wax market is segmented into pellet, lump, powder, flakes, granules, emulsion, and others. On the basis of type, Latin America candelilla wax market is segmented into crude and refined. On the basis of grade, Latin America candelilla wax market is segmented into food grade and industrial grade. On the basis of functional properties, Latin America candelilla wax market is segmented into additive, glazing agent, binder, emulsifier and others. On the basis of applications, Latin America candelilla wax market is segmented into food & beverages, pharmaceutical, cosmetic, technical applications and others.
To know more about the study https://www.databridgemarketresearch.com/reports/latin-america-candelilla-wax-market
Key Pointers Covered in the Latin America Candelilla Wax Market Industry Trends and Forecast to 2027
- Market Size
- Latin America candelilla wax Regulatory Framework and Changes
- Recent Developments for Market Competitors
- Sales data for Market Competitors
- Key vendors and disruptors study
- Supply Chain Competiveness
Key Market Competitors Covered in the Report
- NOREVO
- KahlWax
- Multiceras
- Poth Hille
- Spectrum Chemical Manufacturing Corp.
- Roger A. Reed, Inc.
- The International Group, Inc.
- Henry Lamotte Oils GmbH
- CALWAX
- C.E. Roeper GmbH
- Koster Keunen
- Brenntag AG
Above are the key players covered in the report to know about more and exhaustive list of candelilla wax companies contact us https://www.databridgemarketresearch.com/reports/latin-america-candelilla-wax-market
Research Methodology: Latin America Candelilla Wax Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Primary Respondents
- Demand Side: Government Fleets, Personal Consumers, Researchers, Food Specialists
- Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others
Related Reports
- Global Refined Wax Market – Industry Trends and Forecast to 2026
- Europe Refined Wax Market – Industry Trends and Forecast to 2026
- Asia-Pacific Refined Wax Market – Industry Trends and Forecast to 2026
- North America Refined Wax Market – Industry Trends and Forecast to 2026
Browse in Food and Beverage Category Related Reports@ https://www.databridgemarketresearch.com/report-category/food-beverage/
