The Asia Pacific Carnauba Wax market size was valued at US$ 132.5 million in 2024 and is projected to reach US$ 168.7 million by 2030, at a CAGR of 4.1% during the forecast period 2024-2030.
Carnauba wax is a natural wax derived from the leaves of the carnauba palm tree, widely used in cosmetics, food products, pharmaceuticals, and industrial applications due to its glossy finish, hardness, and high melting point.
The Asia Pacific carnauba wax market is experiencing steady growth, driven by increasing demand in the cosmetics and food industries. Japan leads with a 30% market share, followed by China at 25% and South Korea at 20%. In 2023, the cosmetics and personal care sector consumed 40% of total production, with food coatings at 30% and automotive polishes at 15%. The market saw a 5% increase in demand for organic-certified carnauba wax in natural cosmetics. Key players include Foncepi Comercial Exportadora Ltda (Brazil) and Carnauba do Brasil Ltda (Brazil), collectively holding a 35% market share in the region.
by Products type:
T1
T3
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