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Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Candelilla Wax Market Outlook

The global candelilla wax market is expected to grow in the forecast period of 2024-2032 at a CAGR of 8%.

Candelilla Wax Market

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Growing Cosmetic and Personal Care Industries to Drive the Demand for Candelilla Wax

The steadily-expanding personal care and cosmetics industries are a major contributor to the growth of the candelilla wax industry. Its properties as a barrier agent to protect the plant from harsh, dry conditions have led to applications in the manufacture of cosmetics and skincare products such as moisturisers, lip balms, lotions, and others.

North America and Latin America are expected to be the leading regions in the candelilla wax industry in terms of the production and consumption of the product. This is due to the cheaply available raw materials and the increasing demand due to its numerous end-uses in various industries. North America and Europe are seeing a rise in demand for plant-based products due to the growing eco-consciousness and, thus, candelilla wax products are expected to capture the market for animal-based products such as beeswax.

Candelilla Wax Market by Application

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Candelilla Wax: Market Segmentation

Candelilla (scientifically known as Euphorbia antisyphilitica) is a flowering plant that is shrubby in appearance with erect stems that are in densely-packed clusters. It is found naturally in the United States and in Mexico. Candelilla wax is the wax derived from the coated stems of this plant. The product obtained is a yellowish-brown, brittle, aromatic substance, which may be opaque or translucent in appearance.

The major forms of candelilla wax are:

  • Lumps
  • Slabs
  • Pastilles
  • Flakes
  • Spray Powder
  • Ground Powder
  • Others

The market can be broadly categorised on the basis of its applications into:

  • Additive
  • Glazing Agent
  • Binder
  • Emulsifier
  • Others

The end uses of candelilla wax include:

The EMR report looks into the regional markets of candelilla wax like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Candelilla Wax Market by Region

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Growing Vegan Population to Boost the Demand for Candelilla Wax Products

Veganism is the practice of completely avoiding animal products. The rising vegan population, especially in the developed countries of the North American and European regions are expected to drive demand for plant-based products, including candelilla wax. As health-consciousness spreads globally, more and more consumers are opting for organic substitutions to the products they use on a daily basis. This is due to the improved health characteristics associated with naturally-sourced products, and is expected to lead to an increase in the production capacity for the candelilla wax industry on a global scale.

The recent surge in the pharmaceuticals and FMCG industry is expected to persist during the forecast period, which is predicted to drive the demand for candelilla wax due to its use as a glazing agent and binder in the pharmaceuticals sector, as well as in the manufacture of everyday products.

Key Industry Players in the Global Candelilla Wax Market

The report presents a detailed analysis of the following key players in the global candelilla wax, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Norevo GmbH
  • Carmel Group
  • Kahl GmbH & CO. K.G.
  • Koster Keunen
  • Multiceras S.A. de C.V.
  • Arjun Beeswax Industries 
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Form
  • Application
  • End Use
  • Region
Breakup by Form
  • Lumps
  • Slabs
  • Pastilles
  • Flakes
  • Spray Powder
  • Ground Powder
  • Others
Breakup by Application
  • Additive
  • Glazing Agent
  • Binder
  • Emulsifier
  • Others
Breakup by End Use
  • Cosmetics and Personal Care
  • Food
  • Pharmaceuticals
  • Textiles
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Norevo GmbH
  • Carmel Group
  • Kahl GmbH & CO. K.G.
  • Koster Keunen
  • Multiceras S.A. de C.V.
  • Arjun Beeswax Industries 
  • Others
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The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Candelilla Wax Market Report Snapshots

Candelilla Wax Market Size

Candelilla Wax Market Demand

Candelilla Wax Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In the forecast period of 2024-2032, the global candelilla wax market is expected to grow at a CAGR of 8%.

The major drivers of the industry, such as rising disposable incomes, steadily-expanding cosmetics and personal care industry, growing eco and health-consciousness, rapid urbanisation, and the rise in vegan population, are expected to aid the market growth.

The key industry trend in the market is the recent surge in the pharmaceuticals and FMCG industries.

The major regional markets include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

The major forms of candelilla wax are lumps, slabs, pastilles, flakes, spray powder, and ground powder, among others.

Candelilla wax finds its applications as an additive, glazing agent, binder, and emulsifier, among others.

The end-uses of the product are cosmetics and personal care, food, pharmaceuticals, textile, and others.

The key industry players of the market are Norevo GmbH, Carmel Group, Kahl GmbH & CO. K.G., Koster Keunen, Multiceras S.A. de C.V., and Arjun Beeswax Industries, among others.

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+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124