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Latin America Guarana Market By Form (Liquid Form And Powdered Form), By Application (Confectionary Items And Beverages), And By Region (Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2022 to 2027)

Published: March, 2023
ID: 6013
Pages: 145
Formats: report pdf report excel report power bi report ppt

Latin America Guarana Market Size, Share, Growth (2022-2027)

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

Latin America Guarana Market Overview

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.

Latin America Guarana Market Segmentation

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

  1. Herboflora

  2. Iris Trade Inc.

  3. Duas Rodas Industrial

  4. The Green Labs LLC

  5. AR De Sousa Ribeiro

  6. Natural Amazon Herbs Producao De Extratos Ltd

  7. Nutra Green Biotechnology Co., Ltd.

  8. Vitaspice

  9. Ambev

  10. Prover Brasil

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