Guarana Market

Guarana Market Size, Share, Growth (2023-2028)

Guarana Market was estimated at USD 5.77 billion in 2023 and is expected to reach over USD 8.17 billion by 2028 with a CAGR of 7.20%.

Guarana Market Overview:

Guarana, an ideal substitute for caffeinated products, is assumed to grow at a significant growth rate during the outlook period due to its various health benefits and antioxidant properties. Being an effective stimulant with medicinal properties, these seeds are often used to relieve symptoms of fatigue and weakness, heart problems, low blood pressure, and headaches, among others. Additionally, as a dietary supplement, guarana is considered a useful option for treating obesity and type II diabetes. Therefore, the health benefits of guarana are expected to trigger market growth during the projection period. In addition to the health benefits associated with guarana seeds, the expansion of the retail market facilitates the buying process for consumers, stimulating the global guarana market. Guarana is mainly used as a stimulant due to its high caffeine content. It is also used to treat various diseases such as diarrhea, low blood pressure, cardiac problems, fever, headache, and joint pain among others. Furthermore, Guarana is also utilized as a flavoring ingredient in confectioneries and beverages. Guarana is used across a variety of applications such as confectionery products, energy drinks, fruit juice-based drinks, dietary supplements, and others including weight loss products. The driving factors of the global Guarana market are rising awareness of health benefits linked with the consumption of guarana-infused products among people. Obesity and diabetes and are among major health issues across the globe. Consumers prefer the consumption of healthy beverages and food products in order to prevent these chronic ailments. However, strong competition from other superfoods is likely to constrain the growth of the global guarana market.

Guarana Market Drivers and Restraints:

The hectic life of the urban population has led to neglecting health, which has resulted in an increase in the number of chronic diseases. This has resulted in increased health awareness and consumption of healthy foods and beverages among consumers to prevent these persistent problems.

Therefore, the use of guarana seeds in the food and beverage industry increases the global guarana market during the forecast period. Furthermore, increased awareness of the health benefits of guarana-infused products should provide a substantial growth opportunity for industry players. Guarana is used mainly for the treatment of various diseases such as diarrhea, joint pain, low blood pressure, headache, fever, etc., and the increasing demand for guarana by end-users is a crucial factor in the growth of the global guarana market. Furthermore, the increasing adoption of guarana for dietary supplements and the high caffeine content of guarana used to stimulate the central nervous system (CNS), heart and muscles, are the main factors believed to be driving growth in the market Guarana. In addition, guarana is used as a flavoring ingredient in food and beverages, and the increasing use of guarana in shampoos, disinfectants, conditioners, etc. Providing flavor is another factor that is anticipated to stimulate world market demand for guarana during the forecast period.

Guarana Market Restraints:

Guarana seeds are known to have anti-hunger properties, facilitating weight loss among consumers. These substances are also known to help improve mental health and intellectual performance. Furthermore, it acts as a natural anesthetic, helping those who suffer constant pain such as headaches and migraines. Manufacturers are also bringing cosmetic products infused with powdered guarana seeds to the market due to their anti-aging and anti-cellulite properties and the general increase in ethical consumption. However, the high cost of guarana products is a key factor holding back the growth of the global guarana market size. Moreover, the availability of a number of guarana substitutes in the market that are profitable and readily available to customers are important factors that are suspected of hindering the global guarana market growth during the forecast time.

REPORT COVERAGE:

Recent Developments in Guarana Industry: 

• British beverage brand Brain Füd introduced a new range of "smarter energy drinks" products as an alternative to coffee and sugar-rich drinks. These drinks contain natural caffeine from guarana. The launch of this product has helped the company improve its product portfolio and expand its presence in the global Guarana market.

• BAWLS has added a new flavor, BAWLS Guarana Ginger, to its range of premium caffeinated soft drinks. According to company sources, it is the only caffeinated ginger product on the market. The company is also focusing on increasing its presence on social media, organizing online promotions, and expanding distribution channels with specialty and retail stores.

Guarana Market Segmentation:

Based on Form:

• Liquid Form

• Powdered Form

Based on Application:

• Confectionary Items

• Beverages

The liquid form of guarana is expected to hold the largest share of the market due to soluble properties on beverage items and its easy convenience. In terms of application, the global guarana market can be divided into confectionery items and beverages. The beverage segment is expected to account for the largest share of the guarana market share due to the growth in demand for different health drinks among consumers.

Guarana Market Regional Analysis:

• North America

• Europe

• Asia Pacific

• Latin America

• Middle-East & Africa 

Among all regions, North America, dominated by the size of the guarana market in Mexico, Canada, and the United States, could see substantial gains due to growing awareness of consumer health benefits and lifestyle changes. The increase in the consumption of energy drinks, the increase in disposable income and the increase in the number of women in the labor market should stimulate the Guarana Market for energy drinks and cosmetics, thus contributing to the demand for local products.

Europe, dominated by the UK, France, Italy and Germany, the size of the guarana market, is expected to post significant gains due to its health benefits, which will serve the growing obese population in the region. The consumer's penchant for natural skincare ingredients versus synthetic chemicals in cosmetic products will help grow the regional Guarana Market during the forecast period. The Asia Pacific guarana market is driven by the size of the business in South Korea, Japan, India, and China, which could grow significantly during the projection period. The increase in disposable income and the expansion of the retail market could trigger the growth of the regional industry. The growing demand for sugar-free, organic, low-calorie and functional food products may stimulate the Guarana market, which should boost demand for products in this sector. The launch of new products, advertising campaigns and the expansion of the product portfolio of the leading established players in this region can positively influence the guarana market during the outlook period 

Guarana Market Key players

1. Herboflora

2. Iris Trade Inc

3. Duas Rodas Industrial

4. The Green Labs LLC

5. AR De Sousa Ribeiro

6. Natural Amazon Herbs Producao De Extratos Ltd

7. Nutra Green Biotechnology Co., Ltd

8. Vitaspice

9. Ambev

10. Prover Brasil