In APAC, India, and China will account for more than 66% of the vegetable wax market revenue by 2025 - Arizton

The global vegetable wax market is expected to grow at a CAGR of over 5% during the period 2019-2025.

The vegetable wax market has emerged a lot over the last few years. As the demand has shifted from synthetic products to natural products, especially after 2010, the utility of vegetable wax has significantly increased. In addition, the combination of vegetable wax with other types of waxes has opened many opportunities for the vendors operating in the market. However, the global market for vegetable wax is undergoing several transformations with regard to the research of innovative technologies and their integration in application sectors. Also, the demand and rise in use of vegetable wax are high due to numerous reasons such as urban development and a rise in living standards across societies and more focus on getting natural products. The market in terms of revenue is likely to witness significant growth in the coming years.

Arizton's latest market research report considers the present scenario of the vegetable wax market and its market dynamics for the period 2019-2025. It covers a detailed overview of several market growth enablers, restraints, and trends. The study offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent companies operating in the market.

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Vegetable Wax Market - Dynamics

Here are the list of trends and drivers that are impacting the revenues and profitability in the vegetable wax market:

o Rising Demand for Cleaner Raw Materials
o Opportunity in Cosmetic Industry
o Expected Rise in Demand from Candle & Food Sectors
o Increase in Environmental Concerns
o Emphasis on Human Health
o Shifting Consumer Focus on Organic Products

Vegetable Wax Market - Segmentation

This research report includes a detailed segmentation by distribution, product, application, and geography.

o The US dominates the candelilla wax market and is projected to continue its dominance due to rising awareness of natural products. Furthermore, North and Latin America are major producers of candelilla wax due to the easy availability of raw materials, as Mexico is the major producer of the candelilla plant.
o The food industry makes considerable use of wax as a protective coating for fruits and vegetables. One of the primary reasons for waxing is the prevention of water loss from fruits, such as citrus fruits and apples, thus preventing shrinkage and spoilage and enhancing the appearance.
o The growth in online sales is set to increase by over 5% during the forecast period. This is primarily because online stores offer more options than retail stores. Some vendors offer YouTube videos (video tutorials) and help beginners get knowledge about the applications and make them aware of these products.

Market Segmentation by Product
o Carnauba Wax
o Candelilla Wax
o Castor Wax
o Others
Market Segmentation by Distribution
o Wholesale
o Online
Market Segmentation by Application
o Candles
o Cosmetic
o Food
o Industry Applications
o Others

Vegetable Wax Market - Geography

In 2019, APAC dominated the global vegetable wax market. The penetration of vegetable wax in APAC countries, such as China and India, is increasing rapidly. For instance, India is likely to witness a CAGR growth of over 5% in demand for vegetable wax between 2019 and 2025 due to the rising awareness of natural beauty products. The demand for vegetable wax in Europe is growing, while upgrades in natural cosmetics and replacements are also driving the market. Furthermore, Western European economies are witnessing maturing markets with product saturation due to low product differentiation. However, Central and Eastern European countries are expected to exhibit new demand.

Market Segmentation by Geography
o Europe
o UK
o France
o Spain
o Italy
o Germany
o Nordic
o APAC
o China
o Japan
o India
o Australia
o South Korea
o North America
o US
o Canada
o Latin America
o Brazil
o Mexico
o Argentina
o MEA
o UAE
o Saudi Arabia
o South Africa

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Vegetable Wax Market - Vendor Landscape

The global vegetable wax market is fragmented in nature due to the presence of many local and international market players. The key leading vendors in the global vegetable wax market are Cargill and Koster Keunen, among others. The competition among these key players is intense. The market concentration in developed countries such as the US and other Western European countries is high, while the markets in developing economies such as China and India are at a moderate stage because of the entry of many international brands in these countries. The market competition is based on offerings and pricing and vendors using new business models and focusing on developing the portfolio of their establishments to drive growth. Focus is also shifting toward natural cosmetics, which are likely to provide vendors vast opportunities.

Key Vendors
o Cargill
o Huzhou Shentgtao Biotech
o Koster Keunen

Other Vendors
o Croda Industrial Chemicals
o Brenntag (EPChem)
o Marcus Oil
o Argan Co.
o FAITH Industries
o BASF
o CALWAX
o PJ Group India
o Falcon
o Foncepi
o Carna�ba do Brasil
o Brasil Ceras
o KAVYA IMPEX
o Shri Ram Sons Wax Private Ltd.

Vegetable Wax Market - Table of Contents

1 Research Methodology
2 Research Objectives
3 Research Process

4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of The Study
4.3.1 Market Segmentation by Product
4.3.2 Market Segmentation by Application
4.3.3 Market Segmentation by Geography

5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation

6 Market at a Glance
7 Introduction
7.1 Overview

8 Market Opportunities & Trends
8.1 Rising Demand for Cleaner Raw Materials
8.2 Opportunity in Cosmetic Industry
8.3 Expected Rise in Demand from Candle & Food Sectors

9 Market Growth Enablers
9.1 Increase in Environmental Concerns
9.2 Emphasis on Human Health
9.3 Shifting Consumer Focus on Organic Products

10 Market Restraints
10.1 Fluctuation in Material Price
10.2 Political Problems Hampering Market Growth
10.3 Change in Climatic Conditions

11 Value Chain Analysis
11.1 Value Chain Overview
11.1.1 Overview
11.1.2 Raw Material Suppliers
11.1.3 Manufacturers
11.1.4 Distributors/Dealers
11.1.5 Retailers
11.1.6 End-users

12 Market Landscape
12.1 Historical Data 2017--2018
12.2 Market Size & Forecast
12.2.1 Revenue
12.2.2 Volume
12.3 Market by Geography
12.3.1 Revenue
12.3.2 Volume
12.4 Five Forces Analysis
12.4.1 Threat of New Entrants
12.4.2 Bargaining Power of Suppliers
12.4.3 Bargaining Power of Buyers
12.4.4 Threat of Substitutes
12.4.5 Competitive Rivalry

13 Vegetable Wax Market by Product
13.1 Market Snapshot & Growth Engine - Revenue
13.2 Market Snapshot & Growth Engine - Volume
13.3 Market Overview
13.4 Candelilla Wax
13.4.1 Market Size & Forecast - Revenue & Volume
13.5 Market by Geography
13.5.1 Revenue
13.5.2 Volume
13.6 Carnauba Wax
13.6.1 Market Size & Forecast - Revenue & Volume
13.7 Market by Geography
13.7.1 Revenue
13.7.2 Volume
13.8 Castor Wax
13.8.1 Market Size & Forecast - Revenue & Volume
13.9 Market by Geography
13.9.1 Revenue
13.9.2 Volume
13.10 Other Wax
13.10.1 Market Size & Forecast - Revenue & Volume
13.11 Market by Geography
13.11.1 Revenue
13.11.2 Volume

14 Vegetable Wax Market by Application
14.1 Market Snapshot & Growth Engine - Revenue
14.2 Market Snapshot & Growth Engine - Volume
14.4 Market Overview
14.5 Candles
14.5.1 Market Size & Forecast - Revenue & Volume
14.6 Market by Geography
14.6.1 Revenue
14.6.2 Volume
14.7 Cosmetics
14.7.1 Market Size & Forecast - Revenue & Volume
14.8 Market by Geography
14.8.1 Revenue
14.8.2 Volume
14.9 Food
14.9.1 Market Size & Forecast - Revenue & Volume
14.10 Market by Geography
14.10.1 Revenue
14.10.2 Volume
14.11 Industry
14.11.1 Market Size & Forecast - Revenue & Volume
14.12 Market by Geography
14.12.1 Revenue
14.12.2 Volume
14.13 Others
14.13.1 Market Size & Forecast - Revenue & Volume
14.14 Market by Geography
14.14.1 Revenue
14.14.2 Volume

15 Vegetable Wax Market by Distribution Channel
15.1 Market Overview
15.1.1 Manufacture, Production, & Distribution
15.1.2 Distribution through Wholesale Channels
15.1.3 Distribution through Online Channels

16 Vegetable Wax Market by Geography
16.1 Market Snapshot & Growth Engine - Revenue
16.2 Market Snapshot & Growth Engine - Volume
16.3 Geographic Overview

17 North America
17.1 Market Overview
17.1.1 Historic Data 2017-2018
17.2 Pest Analysis
17.2.1 Political
17.2.2 Economic
17.2.3 Social
17.2.4 Technology
17.3 Market Size & Forecast
17.3.1 Revenue
17.3.2 Volume
17.4 Product
17.4.1 Market Size & Forecast - Revenue
17.4.2 Market Size & Forecast - Volume
17.5 Application
17.5.1 Market Size & Forecast - Revenue
17.5.2 Market Size & Forecast - Volume
17.6 Key Countries
17.6.1 Market Snapshot & Growth Engine - Revenue
17.6.2 Market Snapshot & Growth Engine - Volume
17.7 US
17.7.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
17.8 Canada
17.8.1 Vegetable Wax Market Size & Forecast - Revenue & Volume

18 APAC
18.1 Market Overview
18.1.1 Historic Data 2017-2018
18.2 Pest Analysis
18.2.1 Political
18.2.2 Economic
18.2.3 Social
18.2.4 Technology
18.3 Market Size & Forecast
18.3.1 Revenue
18.3.2 Volume
18.4 Product
18.4.1 Market Size & Forecast - Revenue
18.4.2 Market Size & Forecast - Volume
18.5 Application
18.5.1 Market Size & Forecast - Revenue
18.5.2 Market Size & Forecast - Volume
18.6 Key Countries
18.6.1 Market Snapshot & Growth Engine - Revenue
18.6.2 Market Snapshot & Growth Engine - Volume
18.7 China
18.7.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
18.8 India
18.8.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
18.9 Japan
18.9.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
18.10 Australia
18.10.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
18.11 South Korea
18.11.1 Vegetable Wax Market Size & Forecast - Revenue & Volume

19 Europe
19.1 Market Overview
19.1.1 Historic Data 2017-2018
19.2 Pest Analysis
19.2.1 Political
19.2.2 Economic
19.2.3 Social
19.2.4 Technology
19.3 Market Size & Forecast
19.3.1 Revenue
19.3.2 Volume
19.4 Product
19.4.1 Market Size & Forecast - Revenue
19.4.2 Market Size & Forecast - Volume
19.5 Application
19.5.1 Market Size & Forecast - Revenue
19.5.2 Market Size & Forecast - Volume
19.6 Key Countries
19.6.1 Market Snapshot & Growth Engine - Revenue
19.6.2 Market Snapshot & Growth Engine - Volume
19.7 UK
19.7.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
19.8 Germany
19.8.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
19.9 France
19.9.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
19.10 Italy
19.10.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
19.11 Spain
19.11.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
19.12 Nordic
19.12.1 Vegetable Wax Market Size & Forecast - Revenue & Volume

20 Latin America
20.1 Market Overview
20.1.1 Historic Data 2017-2018
20.2 PEST ANALYSIS
20.2.1 Political
20.2.2 Economic
20.2.3 Social
20.2.4 Technology
20.3 Market Size & Forecast
20.3.1 Revenue
20.3.2 Volume
20.4 Product
20.4.1 Market Size & Forecast - Revenue
20.4.2 Market Size & Forecast - Volume
20.5 Application
20.5.1 Market Size & Forecast - Revenue
20.5.2 Market Size & Forecast - Volume
20.6 Key Countries
20.6.1 Market Snapshot & Growth Engine - Revenue
20.6.2 Market Snapshot & Growth Engine - Volume
20.7 Mexico
20.7.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
20.8 Brazil
20.8.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
20.9 Argentina
20.9.1 Vegetable Wax Market Size & Forecast - Revenue & Volume

21 Middle East & Africa
21.1 Market Overview
21.1.1 Historic Data 2017-2018
21.2 Pest Analysis
21.2.1 Political
21.2.2 Economic
21.2.3 Social
21.2.4 Technology
21.3 Market Size & Forecast
21.3.1 Revenue
21.3.2 Volume
21.4 Product
21.4.1 Market Size & Forecast - Revenue
21.4.2 Market Size & Forecast - Volume
21.5 Application
21.5.1 Market Size & Forecast - Revenue
21.5.2 Market Size & Forecast - Volume
21.6 Key Countries
21.6.1 Market Snapshot & Growth Engine - Revenue
21.6.2 Market Snapshot & Growth Engine - Volume
21.7 Saudi Arabia
21.7.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
21.8 UAE
21.8.1 Vegetable Wax Market Size & Forecast - Revenue & Volume
21.9 South Africa
21.9.1 Vegetable Wax Market Size & Forecast - Revenue & Volume

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