Latin America Guarana Seed Extract Market Value to Increase from USD 30.77 billion in 2024 to USD 45.42 Billion by 2029, 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 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.
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.
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