Asia Pacific Guarana Seed Extract Market Value to Increase from USD 1.35 Billion in 2022 to USD 1.90 Billion by 2028, at a CAGR of 7.92%.The market is showing apparent potential in the mentioned forecasting period. The guarana seed extract is the gathering of vital crude mixes from the extraction of various parts of Guarana seed, which is extracted by using ethanol as solvent.
Guarana being the finest substitute for caffeine is anticipated to create a huge demand over the forecast period because of its health benefits over caffeine and is anticipated to increase the demand for the energy drinks application segment in the Asia-Pacific Guarana market.
The Asia-Pacific Guarana market is expected to register a major value over the forecast period owing to increasing per capita energy drinks consumption worldwide. The health and wellness trend is also expected to support the Asia-Pacific Guarana market and encourage companies to innovate across the supply chain in order to enhance the nutritional profile of Guarana.
The routine of the Asia-Pacific urban population is fast-paced compared to that of the rural population. The urban population is more health conscious, which is a major factor causing a shift in inclination towards natural ingredient-based energy drinks and fruit juices. Growing health worries among consumers and shifting inclination towards extra healthy dietary supplements are factors expected to considerably increase demand for Guarana in the near future.
APAC Guarana Seed Extract Market Segmentation Analysis:
The Asia-Pacific Guarana seed extract market is segmented on the basis of form, application, and distribution channel and region type. It is segmented on the basis of its form into powder and liquid. Among these form segment powder segment is expected to contribute more than half of the market share and expected to grow at higher pace. On the basis of distribution channel it includes health stores, drug stores, online retailing and other (direct selling) distribution channels. On the basis of application, the market is segmented into pharmaceuticals, dietary supplements, cosmetics, food and beverages, and others.
On the basis of geography, the Asia-Pacific market is analysed under various regions namely India, China, Japan, Australia, and New Zealand.
Key Players in the Market:
Some of the major companies dominating the market are Nutra Green Biotechnology Co. Ltd, Mountain Rose Herbs, Xi'an Pincredit Bio-Tech Co., Ltd., The Green Labs LLC, Nexira, Indena S.p.A, and others.
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