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Soy Wax-Global Market Insights and Sales Trends 2025
Synopsis
Soy candles are candles made from soy wax, which is a processed form of soybean oil. They are usually container candles, because soy wax typically has a lower melting point than traditional waxes, but can also be made into pillar candles if certain additives are mixed into the soy wax.
The global Soy Wax market size is expected to reach US$ 8762.7 million by 2029, growing at a CAGR of 7.2% from 2023 to 2029. The market is mainly driven by the significant applications of Soy Wax in various end use industries. The expanding demands from the Candle, Cosmetics and Other, are propelling Soy Wax market. Pure Soy Wax, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Blend Soy Wax segment is estimated at % CAGR for the next seven-year period.
Consumers have become more conscious of the environmental impact of their purchasing decisions. Soy wax is considered a sustainable option because it is made from soybeans, a renewable resource, and it produces fewer emissions compared to paraffin wax.
Soy wax is preferred by many consumers because it is free from harmful chemicals and toxins commonly found in paraffin candles. This makes soy candles a healthier choice for indoor air quality.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Soy Wax, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Soy Wax market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Soy Wax market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Soy Wax sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Soy Wax covered in this report include Golden Brands, CJ Robinson, Kerax, HCI, IGI Wax, BASF, SRS, EcoSoya and NatureWax, etc.
The global Soy Wax market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Golden Brands
CJ Robinson
Kerax
HCI
IGI Wax
BASF
SRS
EcoSoya
NatureWax
Global Soy Wax market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Soy Wax market, Segment by Type:
Pure Soy Wax
Blend Soy Wax
Global Soy Wax market, by Application
Candle
Cosmetics
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Soy Wax manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Soy Wax in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Soy candles are candles made from soy wax, which is a processed form of soybean oil. They are usually container candles, because soy wax typically has a lower melting point than traditional waxes, but can also be made into pillar candles if certain additives are mixed into the soy wax.
The global Soy Wax market size is expected to reach US$ 8762.7 million by 2029, growing at a CAGR of 7.2% from 2023 to 2029. The market is mainly driven by the significant applications of Soy Wax in various end use industries. The expanding demands from the Candle, Cosmetics and Other, are propelling Soy Wax market. Pure Soy Wax, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Blend Soy Wax segment is estimated at % CAGR for the next seven-year period.
Consumers have become more conscious of the environmental impact of their purchasing decisions. Soy wax is considered a sustainable option because it is made from soybeans, a renewable resource, and it produces fewer emissions compared to paraffin wax.
Soy wax is preferred by many consumers because it is free from harmful chemicals and toxins commonly found in paraffin candles. This makes soy candles a healthier choice for indoor air quality.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Soy Wax, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Soy Wax market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Soy Wax market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Soy Wax sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Soy Wax covered in this report include Golden Brands, CJ Robinson, Kerax, HCI, IGI Wax, BASF, SRS, EcoSoya and NatureWax, etc.
The global Soy Wax market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Golden Brands
CJ Robinson
Kerax
HCI
IGI Wax
BASF
SRS
EcoSoya
NatureWax
Global Soy Wax market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Soy Wax market, Segment by Type:
Pure Soy Wax
Blend Soy Wax
Global Soy Wax market, by Application
Candle
Cosmetics
Other
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Soy Wax manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Soy Wax in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Soy Wax Market Overview
1.1 Soy Wax Product Overview
1.2 Soy Wax Market Segment by Type
1.2.1 Pure Soy Wax
1.2.2 Blend Soy Wax
1.3 Global Soy Wax Market Size by Type
1.3.1 Global Soy Wax Market Size Overview by Type (2018-2029)
1.3.2 Global Soy Wax Historic Market Size Review by Type (2018-2023)
1.3.3 Global Soy Wax Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Soy Wax Sales Breakdown by Type (2018-2023)
1.4.2 Europe Soy Wax Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Soy Wax Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Soy Wax Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Soy Wax Sales Breakdown by Type (2018-2023)
2 Global Soy Wax Market Competition by Company
2.1 Global Top Players by Soy Wax Sales (2018-2023)
2.2 Global Top Players by Soy Wax Revenue (2018-2023)
2.3 Global Top Players by Soy Wax Price (2018-2023)
2.4 Global Top Manufacturers Soy Wax Manufacturing Base Distribution, Sales Area, Product Type
2.5 Soy Wax Market Competitive Situation and Trends
2.5.1 Soy Wax Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Soy Wax Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Soy Wax as of 2022)
2.7 Date of Key Manufacturers Enter into Soy Wax Market
2.8 Key Manufacturers Soy Wax Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Soy Wax Status and Outlook by Region
3.1 Global Soy Wax Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Soy Wax Historic Market Size by Region
3.2.1 Global Soy Wax Sales in Volume by Region (2018-2023)
3.2.2 Global Soy Wax Sales in Value by Region (2018-2023)
3.2.3 Global Soy Wax Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Soy Wax Forecasted Market Size by Region
3.3.1 Global Soy Wax Sales in Volume by Region (2024-2029)
3.3.2 Global Soy Wax Sales in Value by Region (2024-2029)
3.3.3 Global Soy Wax Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Soy Wax by Application
4.1 Soy Wax Market Segment by Application
4.1.1 Candle
4.1.2 Cosmetics
4.1.3 Other
4.2 Global Soy Wax Market Size by Application
4.2.1 Global Soy Wax Market Size Overview by Application (2018-2029)
4.2.2 Global Soy Wax Historic Market Size Review by Application (2018-2023)
4.2.3 Global Soy Wax Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Soy Wax Sales Breakdown by Application (2018-2023)
4.3.2 Europe Soy Wax Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Soy Wax Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Soy Wax Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Soy Wax Sales Breakdown by Application (2018-2023)
5 North America Soy Wax by Country
5.1 North America Soy Wax Historic Market Size by Country
5.1.1 North America Soy Wax Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Soy Wax Sales in Volume by Country (2018-2023)
5.1.3 North America Soy Wax Sales in Value by Country (2018-2023)
5.2 North America Soy Wax Forecasted Market Size by Country
5.2.1 North America Soy Wax Sales in Volume by Country (2024-2029)
5.2.2 North America Soy Wax Sales in Value by Country (2024-2029)
6 Europe Soy Wax by Country
6.1 Europe Soy Wax Historic Market Size by Country
6.1.1 Europe Soy Wax Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Soy Wax Sales in Volume by Country (2018-2023)
6.1.3 Europe Soy Wax Sales in Value by Country (2018-2023)
6.2 Europe Soy Wax Forecasted Market Size by Country
6.2.1 Europe Soy Wax Sales in Volume by Country (2024-2029)
6.2.2 Europe Soy Wax Sales in Value by Country (2024-2029)
7 Asia-Pacific Soy Wax by Region
7.1 Asia-Pacific Soy Wax Historic Market Size by Region
7.1.1 Asia-Pacific Soy Wax Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Soy Wax Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Soy Wax Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Soy Wax Forecasted Market Size by Region
7.2.1 Asia-Pacific Soy Wax Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Soy Wax Sales in Value by Region (2024-2029)
8 Latin America Soy Wax by Country
8.1 Latin America Soy Wax Historic Market Size by Country
8.1.1 Latin America Soy Wax Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Soy Wax Sales in Volume by Country (2018-2023)
8.1.3 Latin America Soy Wax Sales in Value by Country (2018-2023)
8.2 Latin America Soy Wax Forecasted Market Size by Country
8.2.1 Latin America Soy Wax Sales in Volume by Country (2024-2029)
8.2.2 Latin America Soy Wax Sales in Value by Country (2024-2029)
9 Middle East and Africa Soy Wax by Country
9.1 Middle East and Africa Soy Wax Historic Market Size by Country
9.1.1 Middle East and Africa Soy Wax Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Soy Wax Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Soy Wax Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Soy Wax Forecasted Market Size by Country
9.2.1 Middle East and Africa Soy Wax Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Soy Wax Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Golden Brands
10.1.1 Golden Brands Company Information
10.1.2 Golden Brands Introduction and Business Overview
10.1.3 Golden Brands Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Golden Brands Soy Wax Products Offered
10.1.5 Golden Brands Recent Development
10.2 CJ Robinson
10.2.1 CJ Robinson Company Information
10.2.2 CJ Robinson Introduction and Business Overview
10.2.3 CJ Robinson Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.2.4 CJ Robinson Soy Wax Products Offered
10.2.5 CJ Robinson Recent Development
10.3 Kerax
10.3.1 Kerax Company Information
10.3.2 Kerax Introduction and Business Overview
10.3.3 Kerax Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Kerax Soy Wax Products Offered
10.3.5 Kerax Recent Development
10.4 HCI
10.4.1 HCI Company Information
10.4.2 HCI Introduction and Business Overview
10.4.3 HCI Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.4.4 HCI Soy Wax Products Offered
10.4.5 HCI Recent Development
10.5 IGI Wax
10.5.1 IGI Wax Company Information
10.5.2 IGI Wax Introduction and Business Overview
10.5.3 IGI Wax Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.5.4 IGI Wax Soy Wax Products Offered
10.5.5 IGI Wax Recent Development
10.6 BASF
10.6.1 BASF Company Information
10.6.2 BASF Introduction and Business Overview
10.6.3 BASF Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.6.4 BASF Soy Wax Products Offered
10.6.5 BASF Recent Development
10.7 SRS
10.7.1 SRS Company Information
10.7.2 SRS Introduction and Business Overview
10.7.3 SRS Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.7.4 SRS Soy Wax Products Offered
10.7.5 SRS Recent Development
10.8 EcoSoya
10.8.1 EcoSoya Company Information
10.8.2 EcoSoya Introduction and Business Overview
10.8.3 EcoSoya Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.8.4 EcoSoya Soy Wax Products Offered
10.8.5 EcoSoya Recent Development
10.9 NatureWax
10.9.1 NatureWax Company Information
10.9.2 NatureWax Introduction and Business Overview
10.9.3 NatureWax Soy Wax Sales, Revenue and Gross Margin (2018-2023)
10.9.4 NatureWax Soy Wax Products Offered
10.9.5 NatureWax Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Soy Wax Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Soy Wax Industrial Chain Analysis
11.4 Soy Wax Market Dynamics
11.4.1 Soy Wax Industry Trends
11.4.2 Soy Wax Market Drivers
11.4.3 Soy Wax Market Challenges
11.4.4 Soy Wax Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Soy Wax Distributors
12.3 Soy Wax Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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