[Start of Market Research Report Handling] Global Market Report on Candelilla Wax 2023-2030

The global market for candelilla wax, estimated at 570.8 million USD in 2023, is projected to grow at a CAGR of 8.2% during the analysis period from 2023 to 2030, reaching 992 million USD by 2030. One of the segments analyzed in this report, the confectionery application, is expected to record a CAGR of 8.4% and reach 307 million USD by the end of the analysis period. The growth in the bakery application sector is estimated to have a CAGR of 8.1% over the next seven years.
The candelilla wax market in the United States is estimated at 149.6 million USD in 2023. China, the world's second-largest economy, is projected to grow at a CAGR of 12.1% during the analysis period from 2023 to 2030, reaching a market size of 248.6 million USD by 2030. Other notable regional markets include Japan and Canada, which are expected to grow at rates of 4% and 7.2%, respectively, from 2023 to 2030. In Europe, Germany is expected to grow at a CAGR of approximately 5%.
■ Issued by
Global Industry Analysts, Inc.

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