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Carnauba Wax Market Size, Share & Trends Analysis Report By Product (Type 1, Type 3, Type 4), By Application (Cosmetics, Food, Automotive, Pharmaceutical), By Region, And Segment Forecasts, 2023 - 2030

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  • 89 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899564
Description Jump to:
The global carnauba wax market size is expected to reach USD 385.8 million by 2030, registering a CAGR of 3.4% during the forecast period. The market is expected to witness high growth owing to increasing use of the product as a food glazing agent which provides a superior shine, thus improving its aesthetic ability. Carnauba wax market is highly influenced by the favorable regulations enforced by the regulatory agencies such as European Union (EU) and Food and Drug Administration (FDA). The industry is highly dependent on the raw materials which form a major part of the operational cost for the manufacturers. The raw material is supplied majorly by the farmers and landholders, employing primitive techniques for wax extraction. However, in some cases, the manufacturers may be backward integrated to the extraction of raw materials.

The manufacturing of the product is limited to Brazil due to the exclusivity of the Brazilian palm tree to the region. The production is dominated by four wax manufacturers namely Brasil Ceras, Carnauba do Brasil, Foncepi, and Pontes. The companies in the market resort to external third party distribution channels to sell their product in the international market while the domestic distribution is carried out through the company established distribution channels. The industry is characterized by the presence of a number of suppliers and distributors spread across the major carnauba wax consuming regions such as North America, Europe, and Asia Pacific.

The investment feasibility for the market declares the low-profit margins for the raw materials suppliers and the manufacturers, and a relatively higher margins for the suppliers and the wholesalers. The price of the product is lower in North America and Europe, but higher in Asia Pacific. The product is manufactured solely in Brazil, leading to a comparatively lower cost in Central and South America as compared to North America and Europe. The prices significantly vary across region owing to transportation cost. As a result, the prices in North America are significantly lower as compared to the cost in Asia Pacific.

Carnauba Wax Market Report Highlights

  • The automotive application accounted for the largest revenue share of 45.6% in 2022, on account of high-demand premium shine wax in car waxes to provide a high-gloss finish and protect the car's paint from UV rays, scratches, and other damage.
  • The food application segment is expected to register the fastest CAGR of 3.7%, due to the growing use of carnauba wax in confectionery and fruit coatings.
  • Asia Pacific dominated the market with a revenue share of 34.6% in 2022, due to rapid industrialization in the developing economies such as China and India. Increasing disposable income coupled with the changing consumer preference in the region is expected to drive the demand. The growth of the confectionery industry in the aforementioned economies is expected to benefit the market growth.
  • Key participants in the industry are involved in setting up of the extensive distribution network to cater to the global demand. The distributors are involved in the procurement of the product from the manufacturers, followed by product customization related to the physical form, in accordance with the requirements of the end-users.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Carnauba Wax Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Carnauba Wax Market Analysis Tools
3.6.1. Industry analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Carnauba Wax: Product Estimates & Trend Analysis
5.1. Carnauba Wax Market: Key Takeaways
5.2. Carnauba Wax Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Type 1
5.3.1. Type 1 market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
5.4. Type 3
5.4.1. Type 3 market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
5.5. Type 4
5.5.1. Type 4 market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
Chapter 6. Carnauba Wax: Application Estimates & Trend Analysis
6.1. Carnauba Wax Market: Key Takeaways
6.2. Carnauba Wax Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Cosmetics
6.3.1. Cosmetics market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.4. Food
6.4.1. Food market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.5. Automotive
6.5.1. Automotive market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.6. Pharmaceutical
6.6.1. Pharmaceutical market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
6.7. Others
6.7.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Tons)
Chapter 7. Carnauba Wax Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Carnauba Wax Market by Region: Key Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.4. Europe
7.4.1. UK
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.4.2. Germany
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.4.5. Spain
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.4.6. Russia
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.4.7. Netherlands
7.4.7.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.5. Asia Pacific
7.5.1. China
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.5.2. Japan
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.5.4. South Korea
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.5.5. Southeast Asia
7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.6. Central & South America (CSA)
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
7.7.2. South Africa
7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million, Volume, Tons)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. FONCEPI- Comercial Exportadora Ltda.
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Carnauba do Brasil Ltda
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. Brasil Ceras
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Tropical Ceras Do Brasil Ltda.
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Natural Wax
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Pontes Industria de Cera ltda.
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Strahl & Pitsch, Inc.
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Kahl GmbH & Co. KG
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Norevo GmbH.
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. Koster Keunen Holland
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
8.2.11. The International Group, Inc.
8.2.11.1. Company overview
8.2.11.2. Financial performance
8.2.11.3. Product benchmarking
8.2.11.4. Strategic initiatives
8.2.12. Frank B. Ross, Inc.
8.2.12.1. Company overview
8.2.12.2. Financial performance
8.2.12.3. Product benchmarking
8.2.12.4. Strategic initiatives
8.2.13. Poth Hille
8.2.13.1. Company overview
8.2.13.2. Financial performance
8.2.13.3. Product benchmarking
8.2.13.4. Strategic initiatives
8.2.14. Ter Hell & Co. GmbH
8.2.14.1. Company overview
8.2.14.2. Financial performance
8.2.14.3. Product benchmarking
8.2.14.4. Strategic initiatives
8.2.15. J. Allcock & Sons Ltd.
8.2.15.1. Company overview
8.2.15.2. Financial performance
8.2.15.3. Product benchmarking
8.2.15.4. Strategic initiatives
List of Tables
Table 1 List of abbreviations
Table 2 North America carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 3 North America carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 4 North America carnauba wax market, by region, 2018-2030 (USD Million) (Tons)
Table 5 U.S. carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 6 U.S. carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 7 Canada carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 8 Canada carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 9 Mexico carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 10 Mexico carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 11 Europe carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 12 Europe carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 13 Europe carnauba wax market, by region, 2018-2030 (USD Million) (Tons)
Table 14 UK carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 15 UK carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 16 Germany carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 17 Germany carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 18 France carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 19 France carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 20 Italy carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 21 Italy carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 22 Spain carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 23 Spain carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 24 Russia carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 25 Russia carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 26 Netherlands carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 27 Netherlands carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 28 Asia Pacific carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 29 Asia Pacific carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 30 Asia Pacific carnauba wax market, by region, 2018-2030 (USD Million) (Tons)
Table 31 China carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 32 China carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 33 Japan carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 34 Japan carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 35 India carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 36 India carnauba wax market, by application, (USD Million) (Tons) 2018-2030
Table 37 South Korea carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 38 South Korea carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 39 Southeast Asia carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 40 Southeast Asia carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 41 Central & South America carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 42 Central & South America carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 43 Central & South America carnauba wax market, by region, 2018-2030 (USD Million) (Tons)
Table 44 Brazil carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 45 Brazil carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 46 Argentina carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 47 Argentina carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 48 Middle East and Africa carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 49 Middle East and Africa carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 50 Middle East and Africa carnauba wax market, by region, 2018-2030 (USD Million) (Tons)
Table 51 Saudi Arabia carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 52 Saudi Arabia carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
Table 53 South Africa carnauba wax market, by product, 2018-2030 (USD Million) (Tons)
Table 54 South Africa carnauba wax market, by application, 2018-2030 (USD Million) (Tons)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Carnauba wax: Market outlook
Fig. 9 Carnauba wax: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Carnauba wax market driver impact
Fig. 15 Carnauba wax market restraint impact
Fig. 16 Carnauba wax market strategic initiatives analysis
Fig. 17 Carnauba wax market: Product movement analysis
Fig. 18 Carnauba wax market: Product outlook and key takeaways
Fig. 19 Type 1 market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 20 Type 3 market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 21 Type 4 market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 22 Carnauba wax market: Application movement analysis
Fig. 23 Carnauba wax market: Application outlook and key takeaways
Fig. 24 Cosmetics market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 25 Food market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 26 Automotive market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 27 Pharmaceutical market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 28 Others market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 29 Global carnauba wax market: Regional movement analysis
Fig. 30 Global carnauba wax market: Regional outlook and key takeaways
Fig. 31 North America market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 32 U.S. market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 33 Canada market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 34 Mexico market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 35 Europe market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 36 UK market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 37 Germany market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 38 France market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 39 Italy market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 40 Spain market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 41 Russia market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 42 Netherlands market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 43 Asia Pacific market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 44 China market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 45 Japan market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 46 India market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 47 South Korea market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 48 Southeast Asia market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 49 Central & South America market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 50 Brazil market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 51 Argentina market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 52 Middle East and Africa market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 53 Saudi Arabia market estimates and forecasts, (2018-2030 USD Million) (Tons)
Fig. 54 South Africa market estimates and forecasts, (2018-2030 USD Million) (Tons) (2018-2030 USD Million) (Tons) (2018-2030 USD Million) (Tons)

Companies Mentioned

  • FONCEPI- Comercial Exportadora Ltda.
  • Carnauba do Brasil Ltda
  • Brasil Ceras
  • Tropical Ceras Do Brasil Ltda.
  • Natural Wax
  • Pontes Industria de Cera ltda.
  • Strahl & Pitsch, Inc.
  • Kahl GmbH & Co. KG
  • Norevo GmbH.
  • Koster Keunen Holland
  • The International Group, Inc.
  • Frank B. Ross, Inc.
  • Poth Hille
  • Ter Hell & Co. GmbH
  • J. Allcock & Sons Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages89
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 295.8 Million
Forecasted Market Value ( USD ) by 2030 $ 385.8 Million
Compound Annual Growth Rate3.4%
Regions CoveredGlobal
No. of Companies Mentioned15

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