Jasmine Extract Market Forecast, 2022-2032
Jasmine Extract Market Outlook 2032
- The global jasmine extract market was valued at US$ 77.4 Mn in 2022
- It is estimated to expand at a CAGR of 9.8 from 2022 to 2032
- The global jasmine extract market is expected to reach US$ 196.2 Mn by the end of 2032
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Jasmine Extract Market: Overview
- The global jasmine extract market is currently valued around US$ 77.4 Mn in 2022 and is expected to reach US$ 196.2 Mn by the end of 2032
- Based on nature, conventional segment of jasmine extract is majorly consumed across the globe. The conventional segment holds a market volume share of around 85.2% and is estimated at 1,906 Metric Tons in 2022.
- Based on end use, cosmetic & personal care segment holds a majority of value share of around 39.6% with a value of US$ 30.6 Mn in 2022 and is expected to grow at a CAGR of 9.4% during the forecast period.
- Based on extraction method, the Supercritical fluid extraction (SCFE) segment holds the value market share of 33.5% with the total value is US$ 25.9 Mn approximately in 2022 and is anticipated to reach around US$ 66.5 Mn by the end of 2032.
Jasmine Extract: Market Frontrunners
- North America holds a market value share of 22.0% of the global market. Whereas, U.S. holds the market value share of around 86.7% within the region and it is currently valued at US$ 14.8 Mn.
- Jasmine extracts are gentler and softer character then the sultry and heady jasmine absolutes. The extract is light green or brown in appearance and has an exquisitely rich and captivating aroma.
- The robust preference of including antioxidants in the food products is escalating with the increasing demand in the market. The global trend of consuming natural and healthy food ingredients is fueling the demand for jasmine extract in the market.
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Jasmine Extract Market: Trends
- Various application related to jasmine fueling consumption of jasmine extract
Jasmine is widely preferred in the cosmetic sector as it helps in restoring skin luster and balances moisture in the skin to naturally reduce dryness without clogging pores, acne-prone skin is dry, which generates an overproduction of sebum which causes acne. Jasmine helps in naturally hydrating skin to maintain sebum production.
Additionally, jasmine extract is used in aromatherapy to boost the energy level and stimulate the brain, which creates emotional well-being. Additionally, jasmine is known for its authentic flavor aroma, and the presence of various health benefits makes it the preferred choice in the manufacturing of various food and beverage.
- Nutritional value associated with jasmine extract coupled consumer awareness driving jasmine extract market
Jasmine extract encompasses various antioxidants such as catechins, polyphenols, like epigallocatechin gallate (EGCG), and some anti-inflammatory properties which makes the jasmine extract preferred by the consumer to counter various chronic diseases like arthritis as the anti-inflammatory nature of organic elements in jasmine can help in reducing inflammation and swelling of joints by inhibiting unwanted cellular oxygenation, cancer can be prevented by the help of catechins as it activates intracellular antioxidants and interacts with the gastrointestinal enzymes to support healthy bowel function.
Jasmine Extract Market: Strategies
- Key players operating in jasmine extract market are capitalizing on their Research and Development (R&D) synergy, product innovation and base expansion – these developments are providing much needed traction in the growth trajectory of global jasmine extract market.
- For instance, Mane Kancor invests heavily in research & development and product quality testing and has state-of-the-art equipment to ensure quality and innovative products for its customers. For instance, its labs are equipped with sophisticated equipment to meet the current food & safety requirements and are also accredited by National Accreditation Board for Testing and Calibration Laboratories (NABL), India.
- Norex Flavours Private Limited has two manufacturing units set up in India in order to cater to the growing demands of its customers. These units have extraction capacity of 3000 MT/annum. Both the manufacturing plants are equipped with state-of-art manufacturing units, which include latest plant equipment & sophisticated technologies in compliance with the international quality standards.
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Jasmine Extract Market: Key Players
- Some of the key players in the market include Norex Flavours Private Limited, Mane KANCOR, VedaOils, Synthite Industries Ltd., Organoveda, Norex Flavours Private Limited, Aromaaz International, Floral Essential Oil, NATURE SPARSH HEALTH CARE, OLD TREE, Ji’An ZhongXiang Natural Plants Co.,Ltd, Kush Aroma Exports, INDIA AROMA OILS AND COMPANY, AVI Naturals, Flavor & Extract Manufacturers Assoc., etc.
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