Global Guarana Market is Estimated To Witness High Growth Owing To Increasing Demand for Natural and Healthy Beverage Options
The global Guarana Market is estimated to be valued at US$ 5,062.1 million in 2020 and is expected to exhibit a CAGR of 7.1% over the forecast period 2021-2028, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
Guarana is a climbing plant native to the Amazon basin and is recognized for its small, bright red fruit. These fruits contain black seeds that are rich in caffeine, which is two to three times more potent than the caffeine found in coffee beans. Guarana-based products, such as energy drinks, dietary supplements, and soft drinks, have gained popularity due to their natural and healthy properties. Guarana is known for its potential health benefits, such as increased energy, mental alertness, weight loss, and improved cognitive function. The market is witnessing significant growth due to the rising awareness about the benefits of natural and healthy beverage options.
B) Market Dynamics:
1. Increasing consumer preference for natural and healthy beverages: In recent years, consumers have become more conscious of their health and are actively seeking natural and healthy alternatives to traditional beverages. Guarana-based products, being natural and rich in caffeine, offer a healthier substitute for energy drinks and soft drinks that are often high in sugar and artificial ingredients. As a result, the demand for guarana-based beverages is on the rise.
2. Growing popularity of energy drinks: Energy drinks have gained immense popularity among consumers, especially millennials and young adults, due to their ability to boost energy levels and enhance performance. Guarana is a popular ingredient in energy drinks as it provides a natural source of caffeine and acts as a stimulant. The increasing demand for energy drinks is driving the growth of the guarana market.
C) SWOT Analysis:
Strengths:
1. Natural and healthy properties
2. Increasing popularity of energy drinks
Weaknesses:
1. Limited availability of guarana in certain regions
2. High caffeine content may be a concern for some consumers
Opportunities:
1. Rising demand for functional beverages
2. Growing market for dietary supplements
Threats:
1. Intense competition from other natural stimulants like coffee and tea
2. Stringent regulations on caffeine content in food and beverages
D) Key Takeaways:
- The global Guarana Market Share is expected to witness high growth, exhibiting a CAGR of 7.1% over the forecast period, due to increasing consumer preference for natural and healthy beverage options.
- Regional analysis shows that North America is the fastest-growing and dominating region in the guarana market. This can be attributed to the rising demand for energy drinks and the growing health-conscious population in the region.
- Key players operating in the global guarana market include Vitaspice Brasil Ltda, Prover Brasil for Export Ltda, Herboflora Produtos Naturais Ltda, Ambev, Duas Rodas Industrial Ltd, A R De Sousa Ribeiro & Cia Ltd, Natural Amazon Herbs Producao De Extratos Ltda, Iris Trade Inc., The Green Labs LLC, and Nutra Green Biotechnology Co., Ltd. These players focus on product innovation, strategic partnerships, and geographical expansion to maintain their market position.
In conclusion, the global guarana market is witnessing significant growth due to the increasing demand for natural and healthy beverage options. Guarana-based products offer a healthier alternative to traditional energy drinks and soft drinks, driving their popularity among health-conscious consumers. With the rising popularity of energy drinks and the growing market for functional beverages, the demand for guarana is expected to continue to grow in the coming years.
English
Arabic
Français
Español
Português
Deutsch
Dutch
Italiano
Russian
Romaian