Market Highlights
Global Sugarcane Wax Market is projected to be worth USD 1.73 Billion by 2030, registering a CAGR of 4.90% during the forecast period (2021 - 2030)
The global market growth is primarily driven by the rising demand for sugarcane wax in the food industry, particularly in fruit vegetable processing, chewing gum, and chocolate products. Additionally, the growing pharmaceutical industry with increased spending on dietary supplements is expected to fuel the demand for sugarcane wax at a substantial rate during the review period. Furthermore, the growing popularity of organic and natural cosmetics products on account of increasing awareness about the benefits of natural products is likely to create lucrative opportunities for market players during the review period. Increasing demand for sugarcane wax as an alternative to candelilla wax, carnauba wax, and chitosan for edible coating of fruits and vegetables, is expected to upsurge its demand during the forecast period. Market participants are investing in RD activities for the development of economic and sustainable production processes of sugarcane wax and improving the economy of recovering and refining the wax likely to create an opportunity for the market participants during the forecast period. For instance, since 2018, Sucrochem (PTY) Ltd (South Africa) is making efforts toward RD of sugarcane wax through sustainable approaches.
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Segment Analysis
Global Sugarcane Wax Market has been segmented on the basis of Application and Region.
On the basis of application, the global market is segmented into pharmaceuticals, food, textile leather, cosmetics, and others. The pharmaceuticals segment accounted for the largest market share of 36.6% in 2021, and was valued at USD 15.7 million; it is expected to register a CAGR of 3.7% during the forecast period. The growth of the segment is attributed to the increasing awareness about the advantages of sugarcane wax extracts on health and the ongoing research in the medical field. Moreover, the policosanol and octacosanol derived from sugarcane wax extract are widely used as supplements owing to their lipid-lowering property in animals and humans. However, cosmetics is the fastest-growing application segment of sugarcane wax. The growth of the market is attributed to the increasing demand for natural and bio-based products in the cosmetics industry.
Regional Analysis
Global Sugarcane Wax Market, by region, has been segmented into Asia-Pacific, North America, Europe, Middle East Africa, and Latin America.
The European market accounted for the largest market share of 35.5% in 2021 and is expected to grow at 2.8% CAGR during the review period. The growth of the regional market can be attributed to the strong presence of chocolates, pharmaceuticals, and personal care cosmetic industries. The sugarcane wax uses market in Asia-Pacific accounted for the second-largest share in 2018 and is expected to register the highest CAGR of 5.18% during the review period. The regional market is expected to be driven by the rapid growth of the major end-use industries and socio-economic factors such as increasing disposable income, changing lifestyles, increasing urbanization, and increase in consumption of dietary supplements as a result of rising health awareness.
Prominent Players
Market Research Future (MRFR) recognizes CERAX (South Africa), DEUREX AG (Europe), Origen chemicals (South Africa), Godavari Biorefineries (India), and Huzhou Shengtao Biotech LLC (China) as some to the Prominent Players in the Global Sugarcane Wax Market.
Key Findings of the Study
- The Global Sugarcane Wax Market is projected to register a CAGR of 3.9% during the forecast period to reach USD 55.7 million by 2025.
- Europe accounted for the largest share of the global sugarcane wax market in 2018, however Asia-Pacific to register the fastest regional growth.
- By application, the pharmaceutical segment accounted for the largest market share in 2018, while cosmetics is the fastest-growing application segment of sugarcane wax.
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The Global Sugarcane Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.The comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Sugarcane Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/20178-sugarcane-wax-market-reportThe report also covers the complete competitive landscape of the global Sugarcane Wax market with company profiles of key players such as:TonixchemShengtaoEvonikCompanyKOSSIK FILTERTECHNIKDeurex AGThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By ProductsType IType IIBy End UsersFoodTextilesCosmeticsPharmaceuticalsOthersBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Sugarcane Wax Market @ https://www.decisiondatabases.com/contact/download-sample-20178The Global Sugarcane Wax Market has been exhibited in detail in the following chapters –Chapter 1 Sugarcane Wax Market Preface Chapter 2 Executive SummaryChapter 3 Sugarcane Wax Industry AnalysisChapter 4 Sugarcane Wax Market Value Chain AnalysisChapter 5 Sugarcane Wax Market Analysis By ProductsChapter 6 Sugarcane Wax Market Analysis By End UsersChapter 7 Sugarcane Wax Market Analysis By GeographyChapter 8 Competitive Landscape Of Sugarcane Wax CompaniesChapter 9 Company Profiles Of Sugarcane Wax IndustryPurchase the complete Global Sugarcane Wax Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-20178Other Reports by DecisionDatabases.com:Global Montan Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Micronized Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Carnauba Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
Global Sugarcane Wax Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 – DecisionDatabases.comThe comprehensive value chain analysis of the market will assist in attaining better product differentiation, along with detailed understanding of the core competency of each activity involved.
The market attractiveness analysis provided in the report aptly measures the potential value of the market providing business strategists with the latest growth opportunities.
The report classifies the market into different segments.
These segments are studied in detail incorporating the market estimates and forecasts at regional and country level.
The segment analysis is useful in understanding the growth areas and probable opportunities of the market.Final Report will cover the impact of COVID-19 on this industry.Browse the complete Global Sugarcane Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @ https://www.decisiondatabases.com/ip/20178-sugarcane-wax-market-reportThe report also covers the complete competitive landscape of the global Sugarcane Wax market with company profiles of key players such as:TonixchemShengtaoEvonikCompanyKOSSIK FILTERTECHNIKDeurex AGThe detailed description of each has been included, with information in terms of H.Q, future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments.SEGMENTATIONS IN THE REPORT: By ProductsType IType IIBy End UsersFoodTextilesCosmeticsPharmaceuticalsOthersBy GeographyNorth America (NA) – US, Canada, and MexicoEurope (EU) – UK, Germany, France, Italy, Russia, Spain & Rest of EuropeAsia-Pacific (APAC) – China, India, Japan, South Korea, Australia & Rest of APACLatin America (LA) – Brazil, Argentina, Peru, Chile & Rest of Latin AmericaMiddle East and Africa (MEA) – Saudi Arabia, UAE, Israel, South AfricaDownload Free Sample Report of Global Sugarcane Wax Market @ https://www.decisiondatabases.com/contact/download-sample-20178The Global Sugarcane Wax Market has been exhibited in detail in the following chapters –Chapter 1 Sugarcane Wax Market Preface Chapter 2 Executive SummaryChapter 3 Sugarcane Wax Industry AnalysisChapter 4 Sugarcane Wax Market Value Chain AnalysisChapter 5 Sugarcane Wax Market Analysis By ProductsChapter 6 Sugarcane Wax Market Analysis By End UsersChapter 7 Sugarcane Wax Market Analysis By GeographyChapter 8 Competitive Landscape Of Sugarcane Wax CompaniesChapter 9 Company Profiles Of Sugarcane Wax IndustryPurchase the complete Global Sugarcane Wax Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-20178Other Reports by DecisionDatabases.com:Global Montan Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Micronized Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026Global Carnauba Wax Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.
