Latin America Guarana Market was worth USD 0.76 billion in 2021 and is estimated to be growing at a CAGR of 7.46%, to reach USD 1.09 billion by 2027
Guarana is a climber plant which belongs to the maple family and is native to the Amazon basin and are widely found in Brazil. Guarana features clusters of large leaves, flowers, and its fruit colour ranges from red to brown. Guarana is mainly used as a stimulant due to its high caffeine content. It is also used to treat various diseases such as diarrhoea, low blood pressure, cardiac problems, fever, headache, and joint pain among others. Furthermore, Guarana is also utilized as a flavouring ingredient in confectioneries and beverages. Guarana is used across a variety of applications such as confectionery products, energy drinks, fruit juice-based drinks, dietary supplements and others which includes weight loss products.The driving factors of Latin America Guarana market are rising awareness of health benefits linked with the consumption of guarana-infused products among people. Obesity and diabetes and are among major health issues across the globe. Consumers prefer the consumption of healthy beverages and food products in order to prevent these chronic ailments. However, strong competition from other super foods are likely to constrain the growth of Latin America's guarana market.
based on
form
application
By form,
liquid form
powdered form
The liquid form of guarana is expected to hold the largest share of the market due to its soluble properties on beverage items and its easy convenience. In terms of application, the Latin America guarana market can be divided into confectionery items and beverages. The beverage segment is expected to account for the largest share of the guarana market share due to the growth in demand for different health drinks among consumers. Guarana finds its application in different soft drinks, non-carbonated drinks, carbonated drinks, energy drinks, and fruit juice drinks. Athletes consume energy drinks so as to improve their performance, and this is likely to drive the Latin American guarana market during the forecast period.
Regional Analysis
Brazil
Argentina
Chile
Peru
Latin America region has the third largest market for guarana seeds in the world by share. It is also the fastest growing region in the world for guarana, owing to rising production in the region. Factors such as rising awareness about the health benefits which can be obtained from guarana and growing application in various food products is expected to boost the market growth in the region.
Keyplayers
Herboflora
Iris Trade Inc.
Duas Rodas Industrial
The Green Labs LLC
AR De Sousa Ribeiro
Natural Amazon Herbs Producao De Extratos Ltd
Nutra Green Biotechnology Co., Ltd.
Vitaspice
Ambev
Prover Brasil
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