Product Code: ETC219443 | Publication Date: Aug 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
South Korea Candelilla Wax market currently, in 2023, has witnessed an HHI of 2762, Which has decreased slightly as compared to the HHI of 2991 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
This market involves the production and distribution of candelilla wax, used in cosmetics, food, and pharmaceuticals for its emulsifying and protective properties.
Growth in the South Korean candelilla wax market is driven by its applications in cosmetics, pharmaceuticals, and food products. Candelilla wax offers natural emollient, binding, and glossing properties, replacing synthetic ingredients in skincare, lip balms, coatings, and confectionery products.
Ensuring sustainable sourcing practices and managing price volatility due to supply chain disruptions pose challenges for market participants.
Government policies in South Korea concerning the candelilla wax market focus on cosmetic safety, regulatory compliance, and international trade standards. Regulations govern the production, import, and use of candelilla wax in cosmetics, pharmaceuticals, and food products to ensure product quality, purity, and consumer safety. Government agencies enforce labeling requirements, product registration, and manufacturing practices to uphold regulatory standards and protect public health. Policies also support research into sustainable wax extraction methods, environmental stewardship, and industry collaboration to promote market growth and regulatory compliance in the candelilla wax market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Candelilla Wax Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Candelilla Wax Market Revenues & Volume, 2021 & 2028F |
3.3 South Korea Candelilla Wax Market - Industry Life Cycle |
3.4 South Korea Candelilla Wax Market - Porter's Five Forces |
3.5 South Korea Candelilla Wax Market Revenues & Volume Share, By Form, 2021 & 2028F |
3.6 South Korea Candelilla Wax Market Revenues & Volume Share, By Application, 2021 & 2028F |
4 South Korea Candelilla Wax Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for natural and organic cosmetics and personal care products in South Korea |
4.2.2 Increasing awareness about the benefits of candelilla wax in various industries such as food, pharmaceuticals, and packaging |
4.2.3 Rising focus on sustainable and eco-friendly products driving the adoption of candelilla wax as a renewable resource |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials impacting the production cost of candelilla wax |
4.3.2 Stringent regulations and standards related to the quality and purity of candelilla wax affecting market accessibility |
5 South Korea Candelilla Wax Market Trends |
6 South Korea Candelilla Wax Market, By Types |
6.1 South Korea Candelilla Wax Market, By Form |
6.1.1 Overview and Analysis |
6.1.2 South Korea Candelilla Wax Market Revenues & Volume, By Form, 2018 - 2028F |
6.1.3 South Korea Candelilla Wax Market Revenues & Volume, By Powder, Flakes and Granules, 2018 - 2028F |
6.1.4 South Korea Candelilla Wax Market Revenues & Volume, By Crude Lump, 2018 - 2028F |
6.1.5 South Korea Candelilla Wax Market Revenues & Volume, By Refined Lump, 2018 - 2028F |
6.2 South Korea Candelilla Wax Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 South Korea Candelilla Wax Market Revenues & Volume, By Polishes, 2018 - 2028F |
6.2.3 South Korea Candelilla Wax Market Revenues & Volume, By Lubricants, 2018 - 2028F |
6.2.4 South Korea Candelilla Wax Market Revenues & Volume, By Chewing Gum Base, 2018 - 2028F |
6.2.5 South Korea Candelilla Wax Market Revenues & Volume, By Cosmetics, 2018 - 2028F |
6.2.6 South Korea Candelilla Wax Market Revenues & Volume, By Waterproofing Paper, 2018 - 2028F |
6.2.7 South Korea Candelilla Wax Market Revenues & Volume, By Pharmaceutical, 2018 - 2028F |
7 South Korea Candelilla Wax Market Import-Export Trade Statistics |
7.1 South Korea Candelilla Wax Market Export to Major Countries |
7.2 South Korea Candelilla Wax Market Imports from Major Countries |
8 South Korea Candelilla Wax Market Key Performance Indicators |
8.1 Sustainability certifications obtained by candelilla wax manufacturers |
8.2 Number of new product launches containing candelilla wax |
8.3 Investment in research and development for enhancing the properties of candelilla wax |
9 South Korea Candelilla Wax Market - Opportunity Assessment |
9.1 South Korea Candelilla Wax Market Opportunity Assessment, By Form, 2021 & 2028F |
9.2 South Korea Candelilla Wax Market Opportunity Assessment, By Application, 2021 & 2028F |
10 South Korea Candelilla Wax Market - Competitive Landscape |
10.1 South Korea Candelilla Wax Market Revenue Share, By Companies, 2021 |
10.2 South Korea Candelilla Wax Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |