Report Description
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:
Definition
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.
Market Drivers
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.
Market Restraints
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.
Opportunities
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.
Trends
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
Segment Covered:
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 Emulsions
q Mascaras
q Lipsticks
q Hair Care
q Others
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.
Report Highlights:
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
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
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.
Salient Features:
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
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Sunflower Wax Market
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