Latin America Guarana Seed Extract Market Value to Increase from USD 1.11 billion in 2022 to USD 1.65 Billion by 2028, at a CAGR of 8.1%. The market is showing apparent potential in the mentioned forecasting period.
Guarana seed extract is the gathering of vital crude mixes from extraction of various parts of Guarana seed, which is extracted by using ethanol as solvent. The Latin America Guarana market is anticipated to develop with the highest CAGR over the forecast period due to increasing production of Guarana in Brazil.
Guarana being the best substitute for caffeine is expected to create a huge demand over the forecast period because of its health benefits over caffeine and is expected to increase the demand for the energy drinks application segment in the Latin America Guarana market.
The lifestyle of the Latin America 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. Increasing 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.
The Latin America 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 Latin America Guarana market and encourage companies to innovate across the supply chain in order to enhance the nutritional profile of Guarana.
The Latin America 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.
Geographically the Latin America Guarana Seed Extract Market is segmented into Brazil, Mexico, Argentina, Chile and Rest of Latin America. Globally, among all regions, Latin America has developed as the most dominant region in global Guarana seed extract market.
Key Players in the Market:
Major Key Players in the Latin America Guarana Seed Extract Market are
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