Latin America Candelilla Wax Market is expected to grow with the healthy CAGR of 7.7% in the forecast period 2020 to 2027. The years considered for study are as mentioned below:

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Latin America candelilla wax market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments in expanding their production facility for manufacturing of different types of candelilla wax, various acquisitions and partnership to enter in specific market have led the manufacturers to established their foot prints.

The major players dealing in Latin America candelilla wax market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio.

• In April 2019, KahlWax launched new product 6427 Megasoft Complex which is a special blend of natural oils and waxes, emollients with a melting range of 52–58°C which is having uses in cosmetics industry. This development has helped the company to widen its product portfolio which has ultimately increased the brand image of the company.

Multiceras is the dominating player in the Latin America candelilla wax market and the other players in the market include Henry Lamotte Oils GmbH, NOREVO, KahlWax, Brenntag AG, The International Group, Inc., C.E. Roeper GmbH, CALWAX, Koster Keunen, Poth Hille, Roger A. Reed, Inc., and Spectrum Chemical Manufacturing Corp among others.

Multiceras

Multiceras headquartered in Mexico and founded in 1978. The company is specialized in design, fabrication and commercialization of natural, synthetic and petroleum waxes, as well as of related products for industrial applications. The company deals in various product categories and they are Candelilla Real, Wax Emulsion, Beewax, Carnauba Wax, Candeuba, CartoWax, Synthetic Waxes, Microcrystalline, Paraffin Waxes, and Petrolatum. The market focused category for our market is Candelilla Real. The company has regional presence that is in Mexico.

Henry Lamotte Oils GmbH

Henry Lamotte Oils GmbH headquartered in Germany which was founded in 1925. The company focuses on the highest quality standards and daily cooperation in partnership with the production partners of the company around the globe. The company deals in number of product categories and they are Oils, Fats and Waxes, Organic Range, Maritime Products, Press Cakes & Flour, Oleoresins, Pharmacy Range. The market focused category for our market is Oils, Fats and Waxes. The company has received various recognitions their business. The company has regional presence that is in Germany.

For instance,

• 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.

NOREVO

NOREVO is headquartered in Germany. The company focuses on offering candelilla wax which is certified with Ecocert certification that enhances its candelilla wax brand equity in terms of quality and authenticity. The company deals in different product categories such as Confectionery Performers, Licorice, Honey, Gum Arabic, Waxes. The market focused category for our business is Waxes. The company showcases its products in various exhibitions to create brand awareness and increase sales opportunities. The company has its strong present across the globe such as North America, South America, Europe, and Asia-Pacific.

For instance,

• In November 2019, NOREVO 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.