According to Stratistics MRC, the Global Guarana Market is accounted for $130.92 million in 2020 and is expected to reach $262.79 million by 2028 growing at a CAGR of 9.1% during the forecast period. Some of the key factors propelling the market growth include rising demand for guarana from end users, rising adoption of guarana for dietary supplements, high caffeine content in guarana, increasing use of guarana in shampoos, sanitizers, conditioners, etc., and growing consumer health awareness along with the need for clean & naturally derived ingredients. However, high cost of guarana products may restrain the market growth.
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On the basis of geography, Europe region is likely to have lucrative growth during the forecast period, owing to strong domestic demand. This is further anticipated to increase owing to rising R & D activities in the region for manufacturing innovative medicines. Supportive government initiatives implemented by EU commission should boost regional pharmaceutical industry. Initiatives include PRIME (Priority Medicines) by EU commission in which government and medicine producers work together to manufacture medicines for unmet medical conditions. Thus, these factors should accelerate regional market from pharmaceutical application.
Some of the key players in Guarana Market include Glanbia plc, The Green Labs LLC, Iris Trade Inc., Nutra Green Biotechnology Co., Ltd, Duas Rodas Industrial Ltda, Natural Amazon Herbs Producao De Extratos Ltda., AmBev SA, Herboflora Produtos Naturais Ltda, Vitaspice Brasil Ltda, Prover Brasil, A R De Sousa Ribeiro & Cia Ltda, and Hain Celestial.
Forms Covered:
• Liquid
• Powdered
• Paste
Sales Channels Covered:
• Indirect Sales
• Direct Sales
Applications Covered:
• Cosmetics
• Food & Beverages
• Personal Care
• Pharmaceutical
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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