Global Berry Wax Market, By Product Type (Organic, Non-organic), Type (Industrial Grade, Cosmetic Grade), Application (Cosmetic, Personal Care Products, Others), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Berry wax market size is valued at USD 0.16 billion by 2028 and is expected to grow at a compound annual rate of 6.80% in the forecast period 2021 to 2028. The rapid increase in the demand of berry wax from cosmetic industry is the factor for the growth of berry wax market in the forecast period of 2021 to 2028.
Berry wax is a soft wax with a light color and is generally derived from berry fruit peels of Asian sumac trees. This natural wax, is also known as Japan wax, and contains a high amount of glycerol ester of C16-18 fatty acid. It is a COSMOS-approved product and supplied in a pellet form.
The major growing factor towards berry wax market is the rising awareness of the health benefits related to berries which increases its application and makes it a preferred ingredient in RTD/RTE products. The prime factor driving the demand for berry wax is the various usages of berries so as to increase application mainly in the food and beverage industry. Furthermore, the berries are usually used as dietary food or functional ingredients; and these fruits are also used for natural food flavoring, food coloring and other purposes as well which is also heightening the overall demand for berry wax market over the forecast period of 2021 to 2028. Moreover, the increasing demand for berry wax in various applications, counting candles, packaging, rubber and plastic processing, cosmetics and toiletries, fire logs, pharmaceuticals, and household and automotive polishes also serves as foremost drivers for increasing the demand for berry wax market at a global level. In addition, the increasing health consciousness, rise in beverages and confectionery sector and high adoption of beauty and personal care segments are also lifting the growth of the berry wax market.
However, the high manufacturing costs as well as the and some side effects coupled with the product are projected to act as a restraint towards the growth of berry wax market, whereas the supply chain disruption associated with labor shortages have the potential to challenge the growth of the berry wax market.
Moreover, the constant R&D and innovations in the berry wax as well as increasing demand for eco-friendly and renewable products will further generate new opportunities for the berry wax market in the forecast period of 2021 to 2028.
This berry wax market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on berry wax market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Berry Wax Market Scope and Market Size
Berry wax market is segmented on the basis of product type, type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the berry wax market has been segmented into organic and non-organic.
- Based on type, the berry wax market has been segmented into industrial grade and cosmetic grade.
- The application segment of the berry wax market has been segmented into cosmetic, personal care products and others.
Berry Wax Market Country Level Analysis
Berry wax market is analyses and market size, volume information is provided by country, product type, type and application as referenced above.
The countries covered in the berry wax market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific(APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe leads the berry wax market because of the rapidly rising awareness regarding the various health benefits of berries and the rising popularity of super foods in the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 due to the lot of experience in growing many blueberry varieties within this region. China and Japan are leading countries in the production of fresh berry in this region.
The country section of the berry wax market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Berry Wax Market Share Analysis
Berry wax market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to berry wax market.
The major players covered in the berry wax market report are Brenntag Ingredients (India) Pvt. Ltd., KahlWax, Kinetik Tech, NOREVO, behawe Naturprodukte, Ruby's Organics and FalconPro Industries among other domestic and global players. Market share data is available for Global, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analyst understands competitive strengths and provide competitive analysis for each competitor separately.