Industry Background:
Sunflower wax is crystalline and hard having high melting point vegetable wax obtained from winterization of organic vegetable oil, i.e. sunflower oil. The growing demand for organic vegetable wax solution has led to its wide application which ranges from food, cosmetic, and pharmaceutical. The wide availability of the raw material sunflower seeds/oil is the major factor attributing to the growth of the very market. Further increasing applications of sunflower wax in cosmetic production and decorative industry for candle manufacturing expected to drive the demand for the sunflower wax over the forecasted period.This growth is primarily driven by Growing Use of Organic Cosmetics Owing To Potential Health Benefits That They Offer and Wide Availability of Raw Material Such As Sunflower Oil.
Globally, a noticeable market trend is evident Increasing Application of Sunflower Wax in the Food & Beverages Industry
. Major Vendors, such as Koster Keunen (United States), Henry Lamotte Oils (Germany), ProTec Ingredia (United States), Poth Hille (United Kingdom), Strahl Pitsch (United States), Archer Daniels Midland (United States), Henry Lamotte Oils GmbH (Germany), The International Group, Inc. (Canada), Gugal Herbs India (India), TKB Trading LLC (United States) and Changge Huading Wax Industry Co., Ltd (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Growing Use of Organic Cosmetics Owing To Potential Health Benefits That They Offer
- Wide Availability of Raw Material Such As Sunflower Oil
Market Trend
- Increasing Application of Sunflower Wax in the Food & Beverages Industry
- Rising Demand for Paraffin and Natural Packaging Materials with Focus on Providing Flexibility in Packaging
Restraints
- Availability of Substitute Products Such As Carnauba Wax and Rice Bran Wax
Opportunities
Rising Health Awareness among Consumers Leading to Rise in Demand for Organic Vegetable Wax Made Products and Growing Popularity of Vegan Diet Coupled With Rise in Number of Vegetarians
Challenges
Increasing Dominance of Local Manufacturers’ Product
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Sunflower Wax Study Sheds Light on
The Sunflower Wax Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Sunflower Wax industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Sunflower Wax industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.