Report ID: UCMIG30G2036
Report ID:
UCMIG30G2036 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Guarana Market, surpassing a valuation of over USD 120 million in 2019, is anticipated to experience growth at a Compound Annual Growth Rate (CAGR) exceeding 7% from 2020 to 2026. The robust expansion of the global guarana industry can be attributed to the burgeoning consumer health awareness coupled with the increasing demand for clean and naturally derived ingredients. As consumers seek healthier alternatives and natural sources of energy, guarana, known for its natural caffeine content and potential health benefits, is gaining prominence as an ingredient in various food and beverage products. This trend reflects the market's alignment with evolving consumer preferences for natural, sustainable, and health-enhancing choices, driving the growth of the guarana market as a pivotal player in the global shift towards more conscious consumption patterns.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Soft Drinks by segment aggregation, the contribution of the Soft Drinks in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG30G2036