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Vegetable Wax Market By Type of Vegetable Wax (Carnauba Wax, Soy Wax, Candelilla Wax, Jojoba Wax, Rice Bran Wax) By Application (Cosmetics and Personal Care, Food and Beverage, Candles, Pharmaceuticals, Adhesives and Sealants) -Growth, Future Prospects & Competitive Analysis, 2022 – 2030

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Published: | Report ID: 23271 | Report Format : PDF

Market Insights

  • The global demand for vegetable wax was valued at USD 100.5 Million in 2022 and is expected to reach USD 170.1 Million in 2030, growing at a CAGR of 6.8% between 2023 and 2030.
  • The carnauba wax segment is the market leader by type of vegetable wax, accounting for more than 30% of total value in 2022, while the candelilla wax segment is estimated to grow rapidly in the projection period.
  • The cosmetics & personal care application segment dominates the global need for vegetable wax, accounting for more than 25% in 2022, and is predicted to expand at a high CAGR.
  • The manufacturing category dominated the market with 28% of the total revenue share by the end-use industry. In contrast, the consumer goods category will expand fastest over the projected time frame.
  • North America is driving the expansion of the vegetable wax industry, accounting for more than one-third of the market in 2022, while Asia Pacific and Europe accounted for just under 54% of the market in 2022. In 2022, Europe had a market revenue share of more than 20%.
  • Emerging awareness among consumers about the benefits of natural products is driving the robust demand for vegetable waxes in various applications, including cosmetics, food, and pharmaceuticals.
  • With the increasing focus on sustainable packaging solutions, vegetable waxes are used in eco-friendly packaging materials, fueling their market growth.
  • The cosmetics & personal care industry is a significant consumer of vegetable waxes, especially in products like lip balms, lotions, and hair care items.
  • Developing countries with expanding food, cosmetics, and pharmaceutical industries are becoming prominent consumers of vegetable waxes, contributing significantly to market expansion.

Vegetable Wax Market

Executive Summary

Market Definition

Vegetable wax, also known as plant-based wax, refers to a natural wax derived from various plant sources. It is obtained by processing specific parts of plants, such as fruits, seeds, or leaves. Vegetable waxes are commonly used in various industries, including cosmetics, pharmaceuticals, food, and candles, due to their natural origin and eco-friendly properties. These waxes are known for their biodegradability, renewable nature, and ability to provide a smooth texture and glossy finish to products. Vegetable waxes serve as alternatives to petroleum-based waxes, appealing to environmentally conscious consumers and industries seeking sustainable materials for their products.

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Market Overview

The global vegetable wax market has witnessed rapid growth in recent years and is expected to grow at a CAGR of 6.8% between 2023 and 2030. The market was valued at USD 100.5 million in 2022 and is expected to reach USD 170.1 million in 2030.

Vegetable wax is a natural wax obtained from plant fruits, seeds, or leaves. It can also be acquired through the rendering of vegetable or animal fat. The most popular varieties of vegetable wax are candelilla wax, carnauba wax, and beeswax. Vegetable waxes have a wide range of applications in the culinary, cosmetics, pharmaceutical, and other industries. Vegetable wax is frequently used as filler in candles to extend their burn time, as binders in pharmaceutical tablets & capsules, as a coating agent on food items like chocolate and almonds, and as an additive in cosmetics like lipstick and eye shadow.

Vegetable waxes, derived from plant sources such as soy, palm, and rice bran, have gained popularity as a renewable and eco-friendly alternative to synthetic waxes. Additionally, the pharmaceutical sector has shown interest in vegetable waxes for their applications in drug delivery and medical formulations. As environmental concerns and sustainability become paramount, the vegetable wax market is expected to grow, with North America and Europe holding substantial market shares. At the same time, the Asia Pacific region exhibits strong potential for expansion. Despite the positive outlook, the market faces challenges related to supply chain disruptions, price fluctuations of raw materials, and competition from other natural waxes.

Segmentation by Type of Vegetable Wax

  • The candelilla wax segment is poised to grow at the highest CAGR during the forecasted period. Candelilla wax is known for its unique properties, such as high melting point and excellent gloss, making it popular in various industries.
  • Carnauba wax continues to dominate the market share, accounting for over 30% in 2022. It is highly valued for its hardness, high melting point, and natural gloss, making it a preferred choice in cosmetics, automotive, and food applications.

Segmentation by End-Use Industry

  • The consumer goods segment is expected to register the highest CAGR, driven by the rising demand for natural ingredients in products like candles, furniture polish, and leather goods.
  • The manufacturing segment leads the market with a share of over 28% in 2022, owing to the extensive use of vegetable waxes, including lubricants and coatings, in industrial processes.

Segmentation by Application

  • In the pharmaceuticals category, vegetable waxes are projected to exhibit the highest CAGR in the forecasted period. They are valued for their role in pharmaceutical formulations, serving as excipients and binders.
  • Cosmetics and personal care applications currently dominate the market share, accounting for over 25% in 2022. The growing consumer preference for natural and sustainable beauty products has driven the use of vegetable waxes in cosmetics.

Segmentation by Region

  • North America remains a highly profitable region, holding over one-third of the global vegetable wax market share in 2022. This is attributed to a well-established consumer goods industry and a demand for sustainable, plant-based ingredients.
  • Asia Pacific and Europe collectively contribute to nearly 54% of the market share, with the Asia Pacific region displaying significant potential for growth due to the expanding cosmetics and pharmaceutical sectors.
  • Europe maintains a substantial share of over 20% in the same year, driven by the strong presence of cosmetics and personal care industries that favor vegetable waxes.
  • The rest of the world, encompassing regions like Latin America, the Middle East, and Africa, contributes to the remaining demand for vegetable wax, with growing applications in various industries.

Vegetable Wax Market Research

The growing consumer preference for natural & organic products, the environmental benefits of vegetable waxes, and the increasing need for sustainable and eco-friendly materials in numerous industries support the global vegetable wax market share.

North America leads the global vegetable wax market due to several key factors. The region has a robust demand for natural and sustainable products, leading to the increasing adoption of vegetable waxes in various industries, including cosmetics, food, and pharmaceuticals. The United States, in particular, has a well-established cosmetics and personal care industry that values plant-based ingredients, driving the demand for vegetable waxes as natural alternatives to synthetic chemicals. Moreover, consumer awareness and preferences for clean-label and eco-friendly products are strong in North America, further promoting the use of vegetable waxes in food and packaging applications. The advanced R&D capabilities and technological innovations also contribute to the regional growth of vegetable wax applications.

Over the projection period, the Asia Pacific is estimated to emerge as the fastest-growing market for vegetable wax. This growth is driven by several factors, including the expanding regional population, increasing disposable income, and growing awareness of the benefits of natural and plant-based products. As consumers in countries like India, China, and Southeast Asian nations become more health-conscious and environmentally aware, the demand for products incorporating vegetable waxes in various industries, such as cosmetics, food, and pharmaceuticals, is expected to rise significantly. Additionally, the region’s diverse flora provides a rich source of raw materials for vegetable wax production, making it an attractive market for local and international manufacturers. As a result, the Asia Pacific offers substantial growth opportunities for the vegetable wax market.

Key Highlights of the Report

The global vegetable wax market is segmented by type of vegetable wax, application, end-use industry, and region. Carnauba wax is a leading choice among vegetable wax types due to its natural gloss and high melting point, making it preferred in cosmetics, automotive, and food applications. The consumer goods end-use segment experiences substantial growth owing to the increasing demand for natural ingredients in products such as candles, furniture polish, and leather goods. Vegetable waxes, with their applications as excipients and binders in pharmaceutical formulations, exhibit promising growth within the pharmaceutical industry.

The global vegetable wax market expansion is primarily driven by the rising consumer preference for natural and organic products, leading to increased demand in various industries like cosmetics, pharmaceuticals, and food packaging. Additionally, the growing awareness about the environmental benefits of vegetable waxes, such as biodegradability and renewable sourcing, further fuels market growth. On the other hand, the market faces challenges due to the limited availability of certain raw materials, which can impact production scalability. Fluctuating prices of raw materials, influenced by factors like climate change and agricultural conditions, also pose a significant challenge to market players.

North America is a highly profitable region with a strong presence in the market. The established consumer goods industry and a growing preference for sustainable, plant-based ingredients contribute to its leadership. The Asia Pacific region demonstrates significant growth potential, driven by expanding cosmetics and pharmaceutical sectors.

What Are The Main Drivers Of The Global Vegetable Wax Market?

Growing consumer preference for natural and organic products, including cosmetics and food items, is boosting the demand for vegetable waxes as sustainable and eco-friendly alternatives to synthetic waxes. Besides, the increasing awareness of the environmental and health benefits associated with vegetable wax products, along with stringent regulations promoting eco-friendly and biodegradable materials, has led to the adoption of vegetable waxes in various industries. The versatility of vegetable waxes in applications such as food coatings, cosmetics, and pharmaceuticals, along with their potential as a renewable resource, further contributes to the market’s growth.

What Are The Major Challenges Faced By The Global Vegetable Wax Market?

One of the primary market challenges is the competition from other types of natural waxes, such as animal-based and mineral waxes. In addition, price volatility and fluctuations in the availability of raw materials, which weather conditions and crop yields can influence, pose challenges to market stability. Vegetable waxes can be sensitive to temperature and humidity variations, affecting their performance in various applications. Moreover, addressing issues related to consistency, quality, and the need for advanced processing techniques can be demanding. Meeting evolving consumer demands, such as vegan and organic product preferences, while maintaining cost-competitiveness is another challenge for the industry.

What Are The Growth Opportunities In The Global Vegetable Wax Market?

Increasing consumer preference for natural and sustainable products provides a strong market opportunity, as vegetable waxes are biodegradable and derived from renewable resources. The cosmetics and personal care industry offers growth potential, driven by the rising demand for natural and organic ingredients in beauty and skincare products. Similarly, the food and beverage sector can benefit from the use of vegetable waxes in food packaging, coatings, and preservation, aligning with the clean label and natural food trends. Furthermore, the pharmaceutical industry has opportunities for incorporating vegetable waxes in drug delivery systems and pharmaceutical formulations. With ongoing research & development, manufacturers are exploring innovative applications and formulations that can expand the use of vegetable waxes in various industries, contributing to the market’s growth and diversification.

Market Drivers

Several factors drive the global vegetable wax market. The following are the key drivers of the global vegetable wax market:

Increasing Demand in the Cosmetics & Personal Care Sector

Vegetable waxes, such as carnauba wax and soy wax, are widely used in cosmetics and personal care products, including lipsticks, creams, lotions, and hair care items. The growing consumer preference for natural and organic products has driven the demand for vegetable waxes in the cosmetics industry. These waxes provide natural textures, enhance product stability, and offer a sustainable alternative to synthetic waxes, meeting the rising demand for eco-friendly beauty products.

Market Restraints

The global vegetable wax market faces challenges that may hinder its growth. These include the following:

Competition from Synthetic and Mineral Waxes

Vegetable waxes face stiff competition from the increasing use of synthetic and mineral waxes. Synthetic waxes, such as paraffin and microcrystalline wax, offer specific advantages, including lower costs, stable supply, and consistent quality. They can be formulated to meet precise product requirements and are often preferred in applications like candles, packaging, and industrial processes. Mineral waxes, such as montan wax, are another competitive alternative. In some cases, the cost-effectiveness and reliability of synthetic and mineral waxes make them preferred choices, especially in mass production and cost-sensitive applications. This competition poses a challenge for vegetable waxes in maintaining market share and pricing competitiveness.

Opportunities

The global vegetable wax market offers significant growth opportunities. These include the following:

Growing Preferences for Natural and Sustainable Products

The increasing consumer preference for natural and sustainable products presents a substantial opportunity for vegetable waxes. With rising environmental awareness and concerns about the impact of petroleum-based products, there is a growing demand for eco-friendly alternatives. Vegetable waxes, being natural and biodegradable, are seen as environmentally friendly options. They are used in various applications, such as cosmetics, food, and packaging. The demand for natural waxes in candles, where consumers prefer non-toxic and environmentally safe options, is rising. The market can capitalize on this trend by promoting vegetable waxes as renewable resources, attracting eco-conscious consumers and environmentally responsible industries.

Competitive Landscape

Vegetable Wax Market Report

Key Players

The competitive landscape of the global vegetable wax market is characterized by the presence of several key players and a mix of both large multinational corporations and smaller regional manufacturers. The following are some of the top market players and their market shares:

  • Cargill
  • Kline & Company
  • Faith Industries
  • Dow Corning
  • BASF SE
  • Akzo Nobel
  • Koster Keunen
  • Kemie Industries
  • Dhariwal Corporation
  • Megha Group of Companies
  • Paragon Metachem
  • Triveni Chemicals
  • Unichem Polymers Pvt Ltd
  • Excel Polymer Industries
  • Synergy Poly Additives Pvt Ltd
  • Petroleum Product Mfg. Society
  • Australian Wax Co.
  • Kavya Impex
  • Katyani Exports
  • Delhi Wax Refinery
  • Waxoils Pvt Ltd
  • Shri Ram Sons Wax Pvt Ltd
  • Chaitanya Solvex Pvt Ltd
  • Others

These leading companies actively focus on product innovation, sustainable sourcing, and expanding their production capacities to meet the growing demand for vegetable waxes. Market players often engage in strategic partnerships and collaborations with end-use industries to enhance their market presence and cater to specific customer demands. Additionally, research & development activities play a crucial role, enabling companies to create new formulations and applications for vegetable waxes, thus staying competitive in the market. Furthermore, the market experiences moderate competition due to the presence of numerous players, both at the regional and global levels, leading to continuous efforts in quality improvement and cost-efficiency to maintain a competitive edge.

In August 2021, The International Group Inc., a Toronto-based polymer & vegetable wax company, purchased Rheogistics LLC, a lubrication systems supplier based in Picayune, Mississippi, to strengthen its position in the rigid PVC industry.

Summary of Key Findings

  • The market is segmented by type of vegetable wax, application, end-use industry, and region.
  • Vegetable waxes are used in pharmaceuticals, especially in the production of tablets and capsules. Their properties, such as binding and coating capabilities, make them valuable components in pharmaceutical formulations.
  • The rise in veganism and plant-based lifestyles has created a demand for vegetable waxes as alternatives to animal-derived waxes in various applications, promoting market growth.
  • Vegetable waxes are considered healthier alternatives to some synthetic waxes and are environmentally friendly. Growing health and environmental concerns among consumers fuel the adoption of vegetable waxes.
  • The popularity of handmade and craft items, such as artisanal candles and natural cosmetics, has increased, propelling the demand for vegetable waxes as key ingredients in these products.
  • The growth of e-commerce and online retail channels has expanded the reach of vegetable wax-based products, such as natural cosmetics and eco-friendly packaging materials, to a global audience.

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Future Outlook

  • Researchers and manufacturers are continuously exploring new applications for vegetable waxes, such as in the production of candles, polishes, and adhesives, expanding the market opportunities.
  • Supportive regulations and policies favoring the use of natural and biodegradable products encourage the adoption of vegetable waxes in multiple industries, boosting market developments.
  • Vegetable waxes are used in organic farming to provide a protective coating on fruits and vegetables. As the demand for organic produce rises, the market for vegetable waxes in agriculture sees a positive impact.

Segmentation

  • By Type of Vegetable Wax
    • Carnauba Wax
    • Soy Wax
    • Candelilla Wax
    • Jojoba Wax
    • Rice Bran Wax
  • By Application
    • Cosmetics and Personal Care
    • Food and Beverage
    • Candles
    • Pharmaceuticals
    • Adhesives and Sealants
  • By End-Use Industry
    • Manufacturing
    • Consumer Goods
    • Pharmaceutical and Healthcare
    • Art and Crafts
    • Automotive
  • By Region
    • North America
      • The U.S.
      • Canada
      • Mexico
    • Europe
      • Germany
      • France
      • The U.K.
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • South-east Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Argentina
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of the Middle East and Africa

Adjacent Markets

Several adjacent markets have high revenue growth opportunities in the vegetable wax market. The key adjacent markets for the vegetable wax market –

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Market Introduction

 

2. Executive Summary

2.1. Market Snapshot: Global Vegetable Wax Market

2.1.1. Global Vegetable Wax Market, By Application

2.1.2. Global Vegetable Wax Market, By End-Use Industry

2.1.3. Global Vegetable Wax Market, By Type of Vegetable Wax

2.1.4. Global Vegetable Wax Market, By Region

2.2. Insights from Primary Respondents

 

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Vegetable Wax Market Value, 2017-2030, (US$ Mn)

3.1.2. Y-o-Y Growth Trend Analysis

3.2. Market Dynamics

3.2.1. Vegetable Wax Market Drivers

3.2.2. Vegetable Wax Market Restraints

3.2.3. Vegetable Wax Market Opportunities

3.2.4. Major Vegetable Wax Industry Challenges

3.3. Growth and Development Patterns

3.4. Investment Feasibility Analysis

3.5. Market Opportunity Analysis

3.5.1. Application

3.5.2. End-Use Industry

3.5.3. Type of Vegetable Wax

3.5.4. Geography

 

4. Market Competitive Landscape Analysis

4.1. Company Market Share Analysis, 2022

4.1.1. Global Vegetable Wax Market: Company Market Share, Value 2022

4.1.2. Global Vegetable Wax Market: Top 6 Company Market Share, Value 2022

4.1.3. Global Vegetable Wax Market: Top 3 Company Market Share, Value 2022

4.2. Global Vegetable Wax Market: Company Revenue Share Analysis, 2022

4.3. Company Assessment Metrics, 2022

4.3.1. Stars

4.3.2. Emerging Leaders

4.3.3. Pervasive Players

4.3.4. Participants

4.4. Startups/SMEs Assessment Metrics, 2022

4.4.1. Progressive Companies

4.4.2. Responsive Companies

4.4.3. Dynamic Companies

4.4.4. Starting Blocks

4.5. Strategic Development

4.5.1. Acquisition and Mergers

4.5.2. New Product Launch

4.5.3. Regional Expansion

4.5.4. Partnerships

4.6. Key Player Product Matrix

4.7. Potential for New Players in the Global Vegetable Wax Market

 

5. Premium Insights

5.1. STAR (Situation, Task, Action, Results) Analysis

5.2. Porter’s Five Forces Analysis

5.2.1. Threat of New Entrants

5.2.2. Bargaining Power of Buyers/Consumers

5.2.3. Bargaining Power of Suppliers

5.2.4. Threat of Substitute Types

5.2.5. Intensity of Competitive Rivalry

5.3. PESTEL Analysis

5.3.1. Political Factors

5.3.2. Economic Factors

5.3.3. Social Factors

5.3.4. Technological Factors

5.3.5. Environmental Factors

5.3.6. Legal Factors

5.4. Key Market Trends

5.4.1. Demand Side Trends

5.4.2. Supply Side Trends

5.5. Value Chain Analysis

5.6. Technology Analysis

5.6.1. Research and development in the global market

5.6.2. Patent Analysis

5.6.3. Emerging technologies and their potential disruption to the market

5.7. Consumer Behaviour Analysis

5.7.1. Consumer Preferences and Expectations

5.7.2. Factors Influencing Consumer Buying Decisions

5.7.2.1. North America

5.7.2.2. Europe

5.7.2.3. Asia Pacific

5.7.2.4. Latin America

5.7.2.5. Middle East and Africa

5.7.3. Consumer Pain Points

5.8. Analysis and Recommendations

5.9. Adjacent Market Analysis

 

6. Market Positioning of Key Players, 2022

6.1. Company market share of key players, 2022

6.2. Competitive Benchmarking

6.3. Market Positioning of Key Vendors

6.4. Geographical Presence Analysis

6.5. Major Strategies Adopted by Key Players

6.5.1. Key Strategies Analysis

6.5.2. Mergers and Acquisitions

6.5.3. Partnerships

6.5.4. Product Launch

6.5.5. Geographical Expansion

6.5.6. Others

 

7. Impact Analysis of COVID-19 and Russia – Ukraine War on Vegetable Wax Market

7.1. Ukraine-Russia War Impact

7.1.1. Uncertainty and Economic Instability

7.1.2. Supply chain disruptions

7.1.3. Regional market shifts

7.1.4. Shift in government priorities

7.2. COVID-19 Impact Analysis

7.2.1. Supply Chain Disruptions

7.2.2. Demand Fluctuations

7.2.3. Shift in Product Mix

7.2.4. Reduced Industrial Activity

7.2.5. Regional Impact Analysis

7.2.5.1. North America

7.2.5.2. Europe

7.2.5.3. Asia Pacific

7.2.5.4. Latin America

7.2.5.5. Middle East and Africa

 

8. Global Vegetable Wax Market, By Application

8.1. Global Vegetable Wax Market Overview, by Application

8.1.1. Global Vegetable Wax Market Revenue Share, By Application, 2022 Vs 2030 (in %)

8.2. Cosmetics and Personal Care

8.2.1. Global Vegetable Wax Market, By Cosmetics and Personal Care, By Region, 2017-2030 (US$ Mn)

8.2.2. Market Dynamics for Cosmetics and Personal Care

8.2.2.1. Drivers

8.2.2.2. Restraints

8.2.2.3. Opportunities

8.2.2.4. Trends

8.3. Pharmaceuticals

8.3.1. Global Vegetable Wax Market, By Pharmaceuticals, By Region, 2017-2030 (US$ Mn)

8.3.2. Market Dynamics for Pharmaceuticals

8.3.2.1. Drivers

8.3.2.2. Restraints

8.3.2.3. Opportunities

8.3.2.4. Trends

8.4. Candles

8.4.1. Global Vegetable Wax Market, By Candles, By Region, 2017-2030 (US$ Mn)

8.4.2. Market Dynamics for Candles

8.4.2.1. Drivers

8.4.2.2. Restraints

8.4.2.3. Opportunities

8.4.2.4. Trends

8.5. Food and Beverage

8.5.1. Global Vegetable Wax Market, By Food and Beverage, By Region, 2017-2030 (US$ Mn)

8.5.2. Market Dynamics for Food and Beverage

8.5.2.1. Drivers

8.5.2.2. Restraints

8.5.2.3. Opportunities

8.5.2.4. Trends

8.6. Adhesives and Sealants

8.6.1. Global Vegetable Wax Market, By Adhesives and Sealants, By Region, 2017-2030 (US$ Mn)

8.6.2. Market Dynamics for Adhesives and Sealants

8.6.2.1. Drivers

8.6.2.2. Restraints

8.6.2.3. Opportunities

8.6.2.4. Trends

 

9. Global Vegetable Wax Market, By End-Use Industry

9.1. Global Vegetable Wax Market Overview, by End-Use Industry

9.1.1. Global Vegetable Wax Market Revenue Share, By End-Use Industry, 2022 Vs 2030 (in %)

9.2. Manufacturing

9.2.1. Global Vegetable Wax Market, By Manufacturing, By Region, 2017-2030 (US$ Mn)

9.2.2. Market Dynamics for Manufacturing

9.2.2.1. Drivers

9.2.2.2. Restraints

9.2.2.3. Opportunities

9.2.2.4. Trends

9.3. Consumer Goods

9.3.1. Global Vegetable Wax Market, By Consumer Goods, By Region, 2017-2030 (US$ Mn)

9.3.2. Market Dynamics for Consumer Goods

9.3.2.1. Drivers

9.3.2.2. Restraints

9.3.2.3. Opportunities

9.3.2.4. Trends

9.4. Pharmaceutical and Healthcare

9.4.1. Global Vegetable Wax Market, By Pharmaceutical and Healthcare, By Region, 2017-2030 (US$ Mn)

9.4.2. Market Dynamics for Pharmaceutical and Healthcare

9.4.2.1. Drivers

9.4.2.2. Restraints

9.4.2.3. Opportunities

9.4.2.4. Trends

9.5. Automotive

9.5.1. Global Vegetable Wax Market, By Automotive, By Region, 2017-2030 (US$ Mn)

9.5.2. Market Dynamics for Automotive

9.5.2.1. Drivers

9.5.2.2. Restraints

9.5.2.3. Opportunities

9.5.2.4. Trends

9.6. Art and Crafts

9.6.1. Global Vegetable Wax Market, By Art and Crafts, By Region, 2017-2030 (US$ Mn)

9.6.2. Market Dynamics for Art and Crafts

9.6.2.1. Drivers

9.6.2.2. Restraints

9.6.2.3. Opportunities

9.6.2.4. Trends

 

10. Global Vegetable Wax Market, By Type of Vegetable Wax

10.1. Global Vegetable Wax Market Overview, by Type of Vegetable Wax

10.1.1. Global Vegetable Wax Market Revenue Share, By Type of Vegetable Wax, 2022 Vs 2030 (in %)

10.2. Carnauba Wax

10.2.1. Global Vegetable Wax Market, By Carnauba Wax, By Region, 2017-2030 (US$ Mn)

10.2.2. Market Dynamics for Carnauba Wax

10.2.2.1. Drivers

10.2.2.2. Restraints

10.2.2.3. Opportunities

10.2.2.4. Trends

10.3. Soy Wax

10.3.1. Global Vegetable Wax Market, By Soy Wax, By Region, 2017-2030 (US$ Mn)

10.3.2. Market Dynamics for Soy Wax

10.3.2.1. Drivers

10.3.2.2. Restraints

10.3.2.3. Opportunities

10.3.2.4. Trends

10.4. Candelilla Wax

10.4.1. Global Vegetable Wax Market, By Candelilla Wax, By Region, 2017-2030 (US$ Mn)

10.4.2. Market Dynamics for Candelilla Wax

10.4.2.1. Drivers

10.4.2.2. Restraints

10.4.2.3. Opportunities

10.4.2.4. Trends

10.5. Jojoba Wax

10.5.1. Global Vegetable Wax Market, By Jojoba Wax, By Region, 2017-2030 (US$ Mn)

10.5.2. Market Dynamics for Jojoba Wax

10.5.2.1. Drivers

10.5.2.2. Restraints

10.5.2.3. Opportunities

10.5.2.4. Trends

10.6. Rice Bran Wax

10.6.1. Global Vegetable Wax Market, By Rice Bran Wax, By Region, 2017-2030 (US$ Mn)

10.6.2. Market Dynamics for Rice Bran Wax

10.6.2.1. Drivers

10.6.2.2. Restraints

10.6.2.3. Opportunities

10.6.2.4. Trends

 

11. Global Vegetable Wax Market, By Region

11.1. Global Vegetable Wax Market Overview, by Region

11.1.1. Global Vegetable Wax Market, By Region, 2022 vs 2030 (in%)

11.2. Application

11.2.1. Global Vegetable Wax Market, By Application, 2017-2030 (US$ Mn)

11.3. End-Use Industry

11.3.1. Global Vegetable Wax Market, By End-Use Industry, 2017-2030 (US$ Mn)

11.4. Type of Vegetable Wax

11.4.1. Global Vegetable Wax Market, By Type of Vegetable Wax, 2017-2030 (US$ Mn)

 

12. North America Vegetable Wax Market Analysis

12.1. Overview

12.1.1. Market Dynamics for North America

12.1.1.1. Drivers

12.1.1.2. Restraints

12.1.1.3. Opportunities

12.1.1.4. Trends

12.2. North America Vegetable Wax Market, by Application, 2017-2030(US$ Mn)

12.2.1. Overview

12.2.2. SRC Analysis

12.3. North America Vegetable Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

12.3.1. Overview

12.3.2. SRC Analysis

12.4. North America Vegetable Wax Market, by Type of Vegetable Wax, 2017-2030(US$ Mn)

12.4.1. Overview

12.4.2. SRC Analysis

12.5. North America Vegetable Wax Market, by Country, 2017-2030 (US$ Mn)

12.5.1. North America Vegetable Wax Market, by Country, 2022 Vs 2030 (in%)

12.5.2. U.S.

12.5.3. Canada

12.5.4. Mexico

 

13. Europe Vegetable Wax Market Analysis

13.1. Overview

13.1.1. Market Dynamics for North America

13.1.1.1. Drivers

13.1.1.2. Restraints

13.1.1.3. Opportunities

13.1.1.4. Trends

13.2. Europe Vegetable Wax Market, by Application, 2017-2030(US$ Mn)

13.2.1. Overview

13.2.2. SRC Analysis

13.3. Europe Vegetable Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

13.3.1. Overview

13.3.2. SRC Analysis

13.4. Europe Vegetable Wax Market, by Type of Vegetable Wax, 2017-2030(US$ Mn)

13.4.1. Overview

13.4.2. SRC Analysis

13.5. Europe Vegetable Wax Market, by Country, 2017-2030 (US$ Mn)

13.5.1. Europe Vegetable Wax Market, by Country, 2022 Vs 2030 (in%)

13.5.2. UK

13.5.3. France

13.5.4. Germany

13.5.5. Italy

13.5.6. Spain

13.5.7. Benelux

13.5.8. Russia

13.5.9. Rest of Europe

 

14. Asia Pacific Vegetable Wax Market Analysis

14.1. Overview

14.1.1. Market Dynamics for North America

14.1.1.1. Drivers

14.1.1.2. Restraints

14.1.1.3. Opportunities

14.1.1.4. Trends

14.2. Asia Pacific Vegetable Wax Market, by Application, 2017-2030(US$ Mn)

14.2.1. Overview

14.2.2. SRC Analysis

14.3. Asia Pacific Vegetable Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

14.3.1. Overview

14.3.2. SRC Analysis

14.4. Asia Pacific Vegetable Wax Market, by Type of Vegetable Wax, 2017-2030(US$ Mn)

14.4.1. Overview

14.4.2. SRC Analysis

14.5. Asia Pacific Vegetable Wax Market, by Country, 2017-2030 (US$ Mn)

14.5.1. Asia Pacific Vegetable Wax Market, by Country, 2022 Vs 2030 (in%)

14.5.2. China

14.5.3. Japan

14.5.4. India

14.5.5. South Korea

14.5.6. South East Asia

14.5.7. Rest of Asia Pacific

 

15. Latin America Vegetable Wax Market Analysis

15.1. Overview

15.1.1. Market Dynamics for North America

15.1.1.1. Drivers

15.1.1.2. Restraints

15.1.1.3. Opportunities

15.1.1.4. Trends

15.2. Latin America Vegetable Wax Market, by Application, 2017-2030(US$ Mn)

15.2.1. Overview

15.2.2. SRC Analysis

15.3. Latin America Vegetable Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

15.3.1. Overview

15.3.2. SRC Analysis

15.4. Latin America Vegetable Wax Market, by Type of Vegetable Wax, 2017-2030(US$ Mn)

15.4.1. Overview

15.4.2. SRC Analysis

15.5. Latin America Vegetable Wax Market, by Country, 2017-2030 (US$ Mn)

15.5.1. Latin America Vegetable Wax Market, by Country, 2022 Vs 2030 (in%)

15.5.2. Brazil

15.5.3. Argentina

15.5.4. Rest of Latin America

 

16. Middle East Vegetable Wax Market Analysis

16.1. Overview

16.1.1. Market Dynamics for North America

16.1.1.1. Drivers

16.1.1.2. Restraints

16.1.1.3. Opportunities

16.1.1.4. Trends

16.2. Middle East Vegetable Wax Market, by Application, 2017-2030(US$ Mn)

16.2.1. Overview

16.2.2. SRC Analysis

16.3. Middle East Vegetable Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

16.3.1. Overview

16.3.2. SRC Analysis

16.4. Middle East Vegetable Wax Market, by Type of Vegetable Wax, 2017-2030(US$ Mn)

16.4.1. Overview

16.4.2. SRC Analysis

16.5. Middle East Vegetable Wax Market, by Country, 2017-2030 (US$ Mn)

16.5.1. Middle East Vegetable Wax Market, by Country, 2022 Vs 2030 (in%)

16.5.2. UAE

16.5.3. Saudi Arabia

16.5.4. Rest of Middle East

 

17. Africa Vegetable Wax Market Analysis

17.1. Overview

17.1.1. Market Dynamics for North America

17.1.1.1. Drivers

17.1.1.2. Restraints

17.1.1.3. Opportunities

17.1.1.4. Trends

17.2. Africa Vegetable Wax Market, by Application, 2017-2030(US$ Mn)

17.2.1. Overview

17.2.2. SRC Analysis

17.3. Africa Vegetable Wax Market, by End-Use Industry, 2017-2030(US$ Mn)

17.3.1. Overview

17.3.2. SRC Analysis

17.4. Africa Vegetable Wax Market, by Type of Vegetable Wax, 2017-2030(US$ Mn)

17.4.1. Overview

17.4.2. SRC Analysis

17.5. Africa Vegetable Wax Market, by Country, 2017-2030 (US$ Mn)

17.5.1. Middle East Vegetable Wax Market, by Country, 2022 Vs 2030 (in%)

17.5.2. South Africa

17.5.3. Egypt

17.5.4. Rest of Africa

 

18. Company Profiles

18.1. Cargill

18.1.1. Company Overview

18.1.2. Products/Services Portfolio

18.1.3. Geographical Presence

18.1.4. SWOT Analysis

18.1.5. Financial Summary

18.1.5.1. Market Revenue and Net Profit (2019-2022)

18.1.5.2. Business Segment Revenue Analysis

18.1.5.3. Geographical Revenue Analysis

18.2. Kline & Company

18.3. Faith Industries

18.4. Dow Corning

18.5. BASF SE

18.6. Akzo Nobel

18.7. Koster Keunen

18.8. Kemie Industries

18.9. Dhariwal Corporation

18.10. Megha Group of Companies

18.11. Paragon Metachem

18.12. Triveni Chemicals

18.13. Unichem Polymers Pvt Ltd

18.14. Excel Polymer Industries

18.15. Synergy Poly Additives Pvt Ltd

18.16. Petroleum Product Mfg. Society

18.17. Australian Wax Co.

18.18. Kavya Impex

18.19. Katyani Exports

18.20. Delhi Wax Refinery

18.21. Waxoils Pvt Ltd

18.22. Shri Ram Sons Wax Pvt Ltd

18.23. Chaitanya Solvex Pvt Ltd

18.24. Others

 

19. Research Methodology

19.1. Research Methodology

19.2. Phase I – Secondary Research

19.3. Phase II – Data Modelling

19.3.1. Company Share Analysis Model

19.3.2. Revenue Based Modelling

19.4. Phase III – Primary Research

19.5. Research Limitations

19.5.1. Assumptions

 

List of Figures

FIG. 1 Global Vegetable Wax Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom Up Approach

FIG. 3 Global Vegetable Wax Market Segmentation

FIG. 4 Global Vegetable Wax Market, by Application, 2022 (US$ Mn)

FIG. 5 Global Vegetable Wax Market, by End-Use Industry, 2022 (US$ Mn)

FIG. 6 Global Vegetable Wax Market, by Type of Vegetable Wax, 2022 (US$ Mn)

FIG. 7 Global Vegetable Wax Market, by Geography, 2022 (US$ Mn)

FIG. 8 Attractive Investment Proposition, by Application, 2022

FIG. 9 Attractive Investment Proposition, by End-Use Industry, 2022

FIG. 10 Attractive Investment Proposition, by Type of Vegetable Wax, 2022

FIG. 11 Attractive Investment Proposition, by Geography, 2022

FIG. 12 Global Market Share Analysis of Key Vegetable Wax Market Manufacturers, 2022

FIG. 13 Global Market Positioning of Key Vegetable Wax Market Manufacturers, 2022

FIG. 14 Global Vegetable Wax Market Value Contribution, By Application, 2022 & 2030 (Value %)

FIG. 15 Global Vegetable Wax Market, by Cosmetics and Personal Care, Value, 2017-2030 (US$ Mn)

FIG. 16 Global Vegetable Wax Market, by Pharmaceuticals, Value, 2017-2030 (US$ Mn)

FIG. 17 Global Vegetable Wax Market, by Candles, Value, 2017-2030 (US$ Mn)

FIG. 18 Global Vegetable Wax Market, by Food and Beverage, Value, 2017-2030 (US$ Mn)

FIG. 19 Global Vegetable Wax Market, by Adhesives and Sealants, Value, 2017-2030 (US$ Mn)

FIG. 20 Global Vegetable Wax Market Value Contribution, By End-Use Industry, 2022 & 2030 (Value %)

FIG. 21 Global Vegetable Wax Market, by Manufacturing, Value, 2017-2030 (US$ Mn)

FIG. 22 Global Vegetable Wax Market, by Consumer Goods, Value, 2017-2030 (US$ Mn)

FIG. 23 Global Vegetable Wax Market, by Pharmaceutical and Healthcare, Value, 2017-2030 (US$ Mn)

FIG. 24 Global Vegetable Wax Market, by Automotive, Value, 2017-2030 (US$ Mn)

FIG. 25 Global Vegetable Wax Market, by Art and Crafts, Value, 2017-2030 (US$ Mn)

FIG. 26 Global Vegetable Wax Market Value Contribution, By Type of Vegetable Wax, 2022 & 2030 (Value %)

FIG. 27 Global Vegetable Wax Market, by Carnauba Wax, Value, 2017-2030 (US$ Mn)

FIG. 28 Global Vegetable Wax Market, by Soy Wax, Value, 2017-2030 (US$ Mn)

FIG. 29 Global Vegetable Wax Market, by Candelilla Wax, Value, 2017-2030 (US$ Mn)

FIG. 30 Global Vegetable Wax Market, by Jojoba Wax, Value, 2017-2030 (US$ Mn)

FIG. 31 Global Vegetable Wax Market, by Rice Bran Wax, Value, 2017-2030 (US$ Mn)

FIG. 32 North America Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 33 U.S. Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 34 Canada Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 35 Mexico Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 36 Europe Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 37 Germany Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 38 France Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 39 U.K. Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 40 Italy Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 41 Spain Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 42 Benelux Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 43 Russia Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 44 Rest of Europe Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 45 Asia Pacific Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 46 China Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 47 Japan Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 48 India Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 49 South Korea Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 50 South-East Asia Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 51 Rest of Asia Pacific Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 52 Latin America Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 53 Brazil Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 54 Argentina Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 55 Rest of Latin America Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 56 Middle East Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 57 UAE Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 58 Saudi Arabia Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 59 Rest of Middle East Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 60 Africa Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 61 South Africa Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 62 Egypt Vegetable Wax Market, 2017-2030 (US$ Mn)

FIG. 63 Rest of Africa Vegetable Wax Market, 2017-2030 (US$ Mn)

 

List of Tables

TABLE 1 Market Snapshot: Global Vegetable Wax Market

TABLE 2 Global Vegetable Wax Market: Market Drivers Impact Analysis

TABLE 3 Global Vegetable Wax Market: Market Restraints Impact Analysis

TABLE 4 Global Vegetable Wax Market, by Competitive Benchmarking, 2022

TABLE 5 Global Vegetable Wax Market, by Geographical Presence Analysis, 2022

TABLE 6 Global Vegetable Wax Market, by Key Strategies Analysis, 2022

TABLE 7 Global Vegetable Wax Market, by Cosmetics and Personal Care, By Region, 2017-2022 (US$ Mn)

TABLE 8 Global Vegetable Wax Market, by Cosmetics and Personal Care, By Region, 2023-2030 (US$ Mn)

TABLE 9 Global Vegetable Wax Market, by Pharmaceuticals, By Region, 2017-2022 (US$ Mn)

TABLE 10 Global Vegetable Wax Market, by Pharmaceuticals, By Region, 2023-2030 (US$ Mn)

TABLE 11 Global Vegetable Wax Market, by Candles, By Region, 2017-2022 (US$ Mn)

TABLE 12 Global Vegetable Wax Market, by Candles, By Region, 2023-2030 (US$ Mn)

TABLE 13 Global Vegetable Wax Market, by Food and Beverage, By Region, 2017-2022 (US$ Mn)

TABLE 14 Global Vegetable Wax Market, by Food and Beverage, By Region, 2023-2030 (US$ Mn)

TABLE 15 Global Vegetable Wax Market, by Adhesives and Sealants, By Region, 2017-2022 (US$ Mn)

TABLE 16 Global Vegetable Wax Market, by Adhesives and Sealants, By Region, 2023-2030 (US$ Mn)

TABLE 17 Global Vegetable Wax Market, by Manufacturing, By Region, 2017-2022 (US$ Mn)

TABLE 18 Global Vegetable Wax Market, by Manufacturing, By Region, 2023-2030 (US$ Mn)

TABLE 19 Global Vegetable Wax Market, by Consumer Goods, By Region, 2017-2022 (US$ Mn)

TABLE 20 Global Vegetable Wax Market, by Consumer Goods, By Region, 2023-2030 (US$ Mn)

TABLE 21 Global Vegetable Wax Market, by Pharmaceutical and Healthcare, By Region, 2017-2022 (US$ Mn)

TABLE 22 Global Vegetable Wax Market, by Pharmaceutical and Healthcare, By Region, 2023-2030 (US$ Mn)

TABLE 23 Global Vegetable Wax Market, by Automotive, By Region, 2017-2022 (US$ Mn)

TABLE 24 Global Vegetable Wax Market, by Automotive, By Region, 2023-2030 (US$ Mn)

TABLE 25 Global Vegetable Wax Market, by Art and Crafts, By Region, 2017-2022 (US$ Mn)

TABLE 26 Global Vegetable Wax Market, by Art and Crafts, By Region, 2023-2030 (US$ Mn)

TABLE 27 Global Vegetable Wax Market, by Carnauba Wax, By Region, 2017-2022 (US$ Mn)

TABLE 28 Global Vegetable Wax Market, by Carnauba Wax, By Region, 2023-2030 (US$ Mn)

TABLE 29 Global Vegetable Wax Market, by Soy Wax, By Region, 2017-2022 (US$ Mn)

TABLE 30 Global Vegetable Wax Market, by Soy Wax, By Region, 2023-2030 (US$ Mn)

TABLE 31 Global Vegetable Wax Market, by Candelilla Wax, By Region, 2017-2022 (US$ Mn)

TABLE 32 Global Vegetable Wax Market, by Candelilla Wax, By Region, 2023-2030 (US$ Mn)

TABLE 33 Global Vegetable Wax Market, by Jojoba Wax, By Region, 2017-2022 (US$ Mn)

TABLE 34 Global Vegetable Wax Market, by Jojoba Wax, By Region, 2023-2030 (US$ Mn)

TABLE 35 Global Vegetable Wax Market, by Rice Bran Wax, By Region, 2017-2022 (US$ Mn)

TABLE 36 Global Vegetable Wax Market, by Rice Bran Wax, By Region, 2023-2030 (US$ Mn)

TABLE 37 Global Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 38 Global Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 39 Global Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 40 Global Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 41 Global Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 42 Global Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 43 Global Vegetable Wax Market, by Region, 2017-2022 (US$ Mn)

TABLE 44 Global Vegetable Wax Market, by Region, 2023-2030 (US$ Mn)

TABLE 45 North America Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 46 North America Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 47 North America Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 48 North America Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 49 North America Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 50 North America Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 51 North America Vegetable Wax Market, by Country, 2017-2022 (US$ Mn)

TABLE 52 North America Vegetable Wax Market, by Country, 2023-2030 (US$ Mn)

TABLE 53 United States Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 54 United States Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 55 United States Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 56 United States Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 57 United States Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 58 United States Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 59 Canada Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 60 Canada Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 61 Canada Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 62 Canada Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 63 Canada Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 64 Canada Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 65 Mexico Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 66 Mexico Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 67 Mexico Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 68 Mexico Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 69 Mexico Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 70 Mexico Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 71 Europe Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 72 Europe Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 73 Europe Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 74 Europe Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 75 Europe Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 76 Europe Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 77 Europe Vegetable Wax Market, by Country, 2017-2022 (US$ Mn)

TABLE 78 Europe Vegetable Wax Market, by Country, 2023-2030 (US$ Mn)

TABLE 79 Germany Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 80 Germany Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 81 Germany Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 82 Germany Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 83 Germany Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 84 Germany Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 85 France Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 86 France Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 87 France Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 88 France Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 89 France Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 90 France Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 91 United Kingdom Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 92 United Kingdom Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 93 United Kingdom Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 94 United Kingdom Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 95 United Kingdom Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 96 United Kingdom Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 97 Italy Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 98 Italy Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 99 Italy Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 100 Italy Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 101 Italy Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 102 Italy Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 103 Spain Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 104 Spain Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 105 Spain Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 106 Spain Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 107 Spain Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 108 Spain Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 109 Benelux Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 110 Benelux Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 111 Benelux Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 112 Benelux Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 113 Benelux Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 114 Benelux Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 115 Russia Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 116 Russia Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 117 Russia Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 118 Russia Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 119 Russia Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 120 Russia Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 121 Rest of Europe Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 122 Rest of Europe Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 123 Rest of Europe Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 124 Rest of Europe Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 125 Rest of Europe Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 126 Rest of Europe Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 127 Asia Pacific Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 128 Asia Pacific Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 129 Asia Pacific Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 130 Asia Pacific Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 131 Asia Pacific Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 132 Asia Pacific Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 133 China Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 134 China Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 135 China Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 136 China Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 137 China Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 138 China Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 139 Japan Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 140 Japan Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 141 Japan Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 142 Japan Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 143 Japan Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 144 Japan Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 145 India Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 146 India Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 147 India Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 148 India Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 149 India Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 150 India Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 151 South Korea Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 152 South Korea Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 153 South Korea Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 154 South Korea Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 155 South Korea Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 156 South Korea Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 157 South-East Asia Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 158 South-East Asia Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 159 South-East Asia Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 160 South-East Asia Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 161 South-East Asia Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 162 South-East Asia Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 163 Rest of Asia Pacific Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 164 Rest of Asia Pacific Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 165 Rest of Asia Pacific Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 166 Rest of Asia Pacific Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 167 Rest of Asia Pacific Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 168 Rest of Asia Pacific Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 169 Latin America Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 170 Latin America Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 171 Latin America Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 172 Latin America Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 173 Latin America Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 174 Latin America Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 175 Brazil Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 176 Brazil Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 177 Brazil Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 178 Brazil Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 179 Brazil Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 180 Brazil Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 181 Argentina Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 182 Argentina Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 183 Argentina Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 184 Argentina Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 185 Argentina Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 186 Argentina Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 187 Rest of Latin America Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 188 Rest of Latin America Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 189 Rest of Latin America Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 190 Rest of Latin America Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 191 Rest of Latin America Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 192 Rest of Latin America Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 193 Middle East Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 194 Middle East Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 195 Middle East Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 196 Middle East Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 197 Middle East Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 198 Middle East Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 199 UAE Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 200 UAE Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 201 UAE Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 202 UAE Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 203 UAE Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 204 UAE Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 205 Saudi Arabia Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 206 Saudi Arabia Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 207 Saudi Arabia Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 208 Saudi Arabia Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 209 Saudi Arabia Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 210 Saudi Arabia Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 211 Rest of Middle East Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 212 Rest of Middle East Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 213 Rest of Middle East Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 214 Rest of Middle East Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 215 Rest of Middle East Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 216 Rest of Middle East Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 217 Africa Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 218 Africa Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 219 Africa Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 220 Africa Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 221 Africa Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 222 Africa Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 223 South Africa Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 224 South Africa Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 225 South Africa Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 226 South Africa Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 227 South Africa Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 228 South Africa Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 229 Egypt Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 230 Egypt Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 231 Egypt Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 232 Egypt Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 233 Egypt Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 234 Egypt Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

TABLE 235 Rest of Africa Vegetable Wax Market, by Application, 2017-2022 (US$ Mn)

TABLE 236 Rest of Africa Vegetable Wax Market, by Application, 2023-2030 (US$ Mn)

TABLE 237 Rest of Africa Vegetable Wax Market, by End-Use Industry, 2017-2022 (US$ Mn)

TABLE 238 Rest of Africa Vegetable Wax Market, by End-Use Industry, 2023-2030 (US$ Mn)

TABLE 239 Rest of Africa Vegetable Wax Market, by Type of Vegetable Wax, 2017-2022 (US$ Mn)

TABLE 240 Rest of Africa Vegetable Wax Market, by Type of Vegetable Wax, 2023-2030 (US$ Mn)

 

Frequently Asked Questions

What is the current size of the global vegetable wax market?

The global vegetable wax market was valued at USD 100.5 Million in 2022.

What is the expected growth rate of the vegetable wax market between 2023 and 2030?

The vegetable wax market is expected to grow at a CAGR of 6.8% between 2023 and 2030, reaching USD 170.1 Million in 2030.

Which segment is leading the market share in terms of type of vegetable wax?

Carnauba wax is the leading segment by type of vegetable wax, holding over 30% share in value in 2022.

Which end-use industry segment governs the global demand for vegetable wax?

The manufacturing segment governs the global demand for vegetable wax, holding a massive market share of over 28% in 2022.

Which application segment will post the highest CAGR in the forecast period?

The pharmaceuticals segment will post the highest CAGR over the projection period.

Which region is fueling the growth of the vegetable wax industry?

North America contributes to the rapid growth of the vegetable wax industry, accounting for more than one-third of its market share in 2022.

Who are the main players in the global vegetable wax market?

The top players include Cargill, Kline & Company, Faith Industries, Dow Corning, BASF SE, Akzo Nobel, Koster Keunen, Kemie Industries, Dhariwal Corporation, Megha Group of Companies, Paragon Metachem, Triveni Chemicals, Unichem Polymers Pvt Ltd, Excel Polymer Industries, Synergy Poly Additives Pvt Ltd, Petroleum Product Mfg. Society, Australian Wax Co., Kavya Impex, Katyani Exports, Delhi Wax Refinery, Waxoils Pvt Ltd, Shri Ram Sons Wax Pvt Ltd, Chaitanya Solvex Pvt Ltd, and Others.

What are the major market drivers of the vegetable wax industry?

The major market drivers of the vegetable wax industry are the growing demand for sustainable and eco-friendly products, increased applications in various sectors such as cosmetics and food, and the rising preference for natural ingredients in consumer products.

What are the major market restraints of the vegetable wax industry?

The major market restraints for the vegetable wax industry may involve potential supply chain disruptions due to climate change and variable crop yields, price fluctuations for raw materials, and regulatory challenges associated with international trade and sustainability certifications.

What are the major market opportunities of the vegetable wax industry?

The major market opportunities in the vegetable wax industry encompass the expanding applications in personal care products like natural cosmetics, organic food products, and pharmaceuticals. Also, the growth of e-commerce and the rise of clean labels and green packaging trends create opportunities for vegetable waxes in packaging applications.

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