Guarana market is projected to grow from US$ 129.6 Million in 2020 to US$ 249.4 Million by 2029.
Guarana
Market is projected to grow from US$
129.6 Million in 2020 to US$ 249.4 Million by 2029.Increasing adoption of Guarana
for dietary supplements is a key factor driving the global guarana market. In
addition, growing use of guarana by the beverage industry owing to its
therapeutic properties is also propelling growth of the global guarana market.
Furthermore, rising popularity of guarana has an antioxidant profile similar to
that of coffee is boosting growth of the global guarana market over the
forecast period. For instance, in April 2015, National Institutes of Health and
Medicine publish guarana provides additional stimulation over caffeine.
Introducing guarana seed powder infused cosmetic products in the market, owing
to its anti-ageing and cellulite treating properties can create lucrative
opportunity for players operated in the global guarana market.
The report "Global Guarana
Market, By Product Form (Liquid and Powder), By Application (Dietary
Supplements, Energy Drinks, Cosmetics, and Confectionery), and
Region - Global Forecast to 2029"
Key Highlights:
·
In November
2018, for instance Coca Cola Co. had
announced new brand Coca-Cola Energy will have made with guarana extracts.
Key Market Insights from the
report:
The global guarana market accounted for US$ 129.6
Million in 2020 and is projected to register a CAGR of 7.5 % over the forecast
period. The market report has been segmented on the basis of product form, and region.
·
By product form, the
liquid segment accounted for major revenue
share in 2018, owing to its easy convenience and soluble properties
on beverage items.
·
By application, the energy
drinks segment accounted for major revenue
share in 2018, owing to rise in
demand for different health drinks among consumers and its advantages such as
to increase energy and mental focus.
·
By
region, North America guarana market accounted for major revenue share of the
global guarana market and is
further anticipated to maintain its dominance over the forecast period. This
is owing to increasing consumption of guarana as a flavoring ingredient in food
& beverage industries and high adoption of guarana in fruit based energy
drinks in the countries of the North America region. Europe guarana market
accounted for second-highest market share, in 2018 due to increase in the obese
population in the European countries. Asia Pacific guarana market is expected
to grow at the highest rate during the forecast period, due to rising
population of type -2 diabetics and changing eating patterns are resulting in
major health issues among the population in countries of the region.
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The prominent player operating in the global
guarana market includes AR De Sousa Ribeiro & Cia
Ltda, Natural Amazon Herbs Producao De Extratos Ltd., Herboflora, Iris Trade
Inc., The Green Labs LLC, AmBev SA, Duas Rodas Industrial Ltda., Nutra Green
Biotechnology Co., Ltd., VITASPICE BRASIL LTDA, and Prover Brasil For
Export Ltd.
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