A recent market intelligence report that is published by Data Insights Partner on the global Sunflower Wax Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Sunflower Wax Market. The research also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and global Sunflower Wax Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of global Sunflower Wax Market is offered. In accordance with the report, the global Sunflower Wax Market is projected to expand by healthy CAGR over the period of forecast.
Market Insight, Drivers, Restraints, Opportunity & Trends of the Market:
Sunflower Wax is derived from the different segments of the sunflower plant. These waxes are organically obtained during the process of derivation of sunflower oil. Sunflower wax primarily comprises of a variety of FA esters and fat-based alcohols. It is obtained through the process of winterization of oil. Sunflower Wax is mainly situated in the hull of sunflower seeds. The composition of sunflower seed is determined by the type and origin of sunflower seeds and the proportion of hull taken from the sunflower plant. It is a hard wax with a high melting point.
Sunflower Wax being a vegetable wax is highly demand. Awareness among consumers to consume nature-based products is driving the demand for organic wax that is sunflower wax.
On account of the pale color and low odor of sunflower wax, it is gaining momentum as a replacement of candelilla wax, carnauba wax and rice bran wax.
The capacity to bind oil, non-stickiness, its role as a thickener and stabilizers is making possible its wide spread application in the food and beverage industry.
Also, sunflower wax is finding new areas of application in the cosmetics and wellness industry, foods and beverage industry and pharmaceutical industry owing to its natural content.
The widespread accessibility of raw materials namely sunflower seeds and sunflower oil is fueling the production of sunflower wax which in turn is fueling the sunflower wax market.
With the surging importance of aesthetic pleasure and the need for home decor, sunflower wax is used in the preparation of candles which is powering the growth of this market.
Apart from the above drivers, the expansion of the vegan population coupled with the rising health conscious population is propelling the growth prospects of the sunflower wax market.
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Although sunflower wax can be used as replacement for candelilla wax, carnauba wax and rice bran wax but we cannot do away with the possibility of the reverse. That is, rice bran wax and carnauba wax have a great potential to act as a substitution for sunflower wax. This is severely restraining the growth of the sunflower wax market.
The sunflower market is highly fragmented as a result of the attendance of both regional players and major players. Despite the dominance of major players, the regional and local players that comprises of producers and manufacturers are gaining importance. This severely hinders the long run prospects of sunflower wax market.
The growth of the personal cosmetics and wellness industry coupled the penetration of internet and social media and the escalation of lifestyle blogging is a great opportunity for the growth of the sunflower wax market.
The deliberate actions of the people to ensure a healthy lifestyle and consume organic food to avoid adverse impact on human body is a great scope to expand the application of sunflower wax in the food and beverage industry. The association of health consideration together with the ever-increasing food and beverage industry can unfurl new opportunities for the sunflower wax market.
The broadening of vegan population owing to health issues and to avoid animal cruelty is a good set of circumstances for the sunflower wax market.
The market of North America is likely to have future growth prospects owing to the presence of a variety of cosmetics and personal wellness brands. The high standard of living of this region can positively influence the sunflower wax market. The Europe market is likely to show considerable growth owing to the rising demand of home décor, candles and many more. Moreover, technological advancement and research and development activities in this field is likely to develop the market structure in the forecast years. Also, the growing vegan population across the globe is likely to develop the market for sunflower wax
This market intelligence report on the global Sunflower Wax Market encompasses market segments based on product type, application, and country.
By Product Type, the global Sunflower Wax Market has been divided into:
q Active Ingredients
q Specialty Additives
q Functional Ingredients
By application, the global Sunflower Wax Market has been divided into:
q Hair Care
By country/region, the global Sunflower Wax Market has been divided into:
q North America (the U.S., Canada),
q Latin America (Brazil, Mexico, Argentina and other countries),
q Europe (Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market Players:
This business intelligence report offers profiling of reputed companies that are operating in the market. Companies such as:
q Strahl Pitsch
q Poth Hille
q ProTec Ingredia
q Natural Dog Company
q Henry Lamotte Oils
q Koster Keunen
q Goyel Chemical Corporation
q Popatlal Jeshingbhai And Co
q V H Trading Company
q Shree Krishna Lubricants
others have been profiled into detail so as to offer a glimpse of the market leaders. Moreover, parameters such as Sunflower Wax Market related investment & spending and developments by major players of the market are tracked in this global report.
In-depth analysis of the micro and macro indicators, market trends, and forecasts of demand is offered by this business intelligence report. Furthermore, the report offers a vivid picture of the factors that are steering and restraining the growth of this market across all geographical segments. In addition to that, IGR-Growth Matrix analysis is also provided in the report so as to share insight of the investment areas that new or existing market players can take into consideration. Various analytical tools such as DRO analysis, Porter’s five forces analysis has been used in this report to present a clear picture of the market. The study focuses on the present market trends and provides market forecast from the year 2020-2028. Emerging trends that would shape the market demand in the years to come have been highlighted in this report. A competitive analysis in each of the geographical segments gives an insight into market share of the global players.
Few Recent Developments
Avon Products launched a new cosmetic brand by the name Distillery. This brand provides nature-based products that are guaranteed to offer the said results. Distillery comprises of a liquid lip that is composed of sunflower wax which is supposed to be launched by 2020.
Koster Keunen has opened a new production site with the most advanced technology in Netherlands. This new production unit is committed towards the research and development of beeswax after removing pesticides. The impact of this on its sunflower wax segment is ambiguous to comprehend.
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Ø This study offers comprehensive yet detailed analysis of the Sunflower Wax Market, size of the market (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking into account 2019 as the base year
Ø It explains upcoming revenue opportunities across various market segments and attractive matrix of investment proposition for the said market
Ø This market intelligence report also offers pivotal insights about various market opportunities, restraints, drivers, competitive market strategies of leading market players, emerging market trends, and regional outlook
Ø Profiling of key market players in the world Sunflower Wax Market is done by taking into account various parameters such as company strategies, distribution strategies, product portfolio, financial performance, key developments, geographical presence, and company overview
Ø The data of this report would allow management authorities and marketers of companies alike to take informed decision when it comes to launch of Type of models, government initiatives, marketing tactics and expansion, and technical up gradation
Ø The world market for Sunflower Wax caters to the needs of various stakeholders pertaining to this industry, namely suppliers, manufacturers, investors, and distributors for Sunflower Wax Market. The research also caters to the rising needs of consulting and research firms, financial analysts, and new market entrants
Ø Research methodologies that have been adopted for the purpose of this study have been clearly elaborated so as to facilitate better understanding of the reports
Ø Reports have been made based on the guidelines as mandated by General Data Protection Regulation
Ø Ample number of examples and case studies have been taken into consideration before coming to a conclusion
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v Identification of key factors driving investment opportunities in the Sunflower Wax Market
v Facilitate decision-making based on strong historic and forecast data
v Position yourself to gain the maximum advantage of the industry’s growth potential
v Develop strategies based on the latest regulatory events
v Identify key partners and business development avenues
v Respond to your competitors’ business structure, strategy and prospects
v Identify key strengths and weaknesses of important market participants
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