Ylang Ylang Extract Market to Document Massive CAGR of 5.6% from 2022-2032

Ylang Ylang Extract Market Outlook 2032

The global ylang ylang extract market was valued at US$ 37.9 Mn in 2021

It is estimated to expand at a CAGR of 5.6% from 2022 to 2032

The global ylang ylang extract market is expected to reach US$ 69.1 Mn by the end of 2032

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Ylang Ylang Extract Market: Overview

The market value for ylang ylang extract in the year 2022 is estimated to be US$ 40.1 Mn, finds Transparency Market Research (TMR) in a recent study. According to the report, the market is further anticipated to reach US$ 69.1 Mn by 2032, at a CAGR of 5.6%.

East Asia and South Asia are among the major regions which are having a growth rate at CAGRs of 7.1% and 6.1%, correspondingly, in the regional segment of the market.

The conventional segment among the nature category holds the largest share in the global market, however, the organic segment is expected to have a significant growth at value CAGR of 6.9% with the rising trend of utilization of organic ylang ylang essential oil in the cosmetics and personal care segment.

In the extraction method segment of ylang ylang extract, the production ylang ylang extract through solvent extraction process holds the highest market share of around 70.7% in 2022.

Rising consumer preference towards organic and healthy ingredients for cosmetic care products and natural flavor ingredients is anticipated to boost the market growth, especially in the developing regions such as China, India, South Africa, and others. Trends such as utilization of ylang ylang extract as a natural flavor additive, customized floral extracts and increased consumer spending on personal care products with preservative-free ingredients are the major factors fueling the global market of ylang ylang extract.

Ylang Ylang Extract: Market Frontrunners

Nowadays, consumers are becoming more health-conscious, and as a result, they are paying greater attention to their personal well-being. Consumers have understood that adequate water and nutrients are necessary for human health, not only to live but also to maintain a good physique. As a result, in order to stay active and fit, consumers are adjusting their diets by incorporating more plant-based goods and foods.

Although vegans and vegetarians are most likely to consume meat or dairy alternatives such as various plant-based foods. Moreover, flexitarians and omnivores also make up a great percentage of the market and is also likely to drive the sale of the plant-based products.

The increasing usage of chemicals and fertilizers for the production of floral extracts, have also prompted the consumers to demand for transparency regarding the production of floral products. The rising awareness regarding the health problems associated with contaminated foods has also led to increased consumer awareness related to the quality of floral products.

Europe is expected to dominate the global market for ylang ylang extract with a market value share of 29.0% in 2022. This is attributable to the increased consumer demand for nutritious and healthy food flavouring ingredients along with the usage of ylang ylang extract for cosmetics and personal care purposes as an aromatic and skincare ingredient.

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Ylang Ylang Extract Market: Trends

Increasing demand for organic and natural ingredients in cosmetic & personal care products to benefit product market

A global trend has emerged in recent years, with consumers increasingly preferring organic and natural components in cosmetics and personal care products. As a result of this ongoing trend, consumers' purchasing criteria have also evolved. As a result of growing awareness, consumer demand for natural or organic products is increasing, putting pressure on flower extract producers to deliver natural component combinations or organic products.

Demand for eco-friendly cosmetics is increasing as people's concerns about their health and the environment grows. Socially conscious consumers all around the world is having a growing preferences for sustainable products that are good for both the consumer and the environment. As a result, natural and organic components like floral extracts are in higher demand for cosmetic and personal care products.

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Floral Extracts with Multiple Health Benefits Taking Centre Stage with Millennial Consumers

Floral extracts comprises of vitamins and antioxidants which helps in moisturizing, cleaning, and smoothening skin. The floral extracts also aids in reducing the early signs of aging and free radical damage. These floral extracts are available to the consumers in form of specially formulated floral essential oils which are utilized as a cosmetic care ingredient in the personal care industry.

The advancement of the technology and the incorporation of state-of-the-art manufacturing facilities for production of floral extracts helps the manufacturers to offer its consumers with new and improved flower-based products which have improved functional properties. These latest technologies also helps the companies in maintaining a consistent quality of products along with an emphasis on product quality and management.

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