Frangipani Extract Market to Hit USD 56.10 Million by 2032, Driven by Demand in Cosmetics and Aromatherapy | TMR Study

The frangipani extract market is a dynamic sector witnessing steady growth, driven by increasing consumer interest in natural and therapeutic ingredients across multiple industries such as cosmetics, personal care, food & beverages, and aromatherapy. Valued at US$ 34.85 Mn in 2022, the global market is projected to grow at a CAGR of 4.9%, reaching US$ 56.10 Mn by 2032. This article delves into the market's key aspects, including its size, growth trajectory, competitive landscape, and future outlook.

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Market Size and Growth

The frangipani extract market has been witnessing consistent growth, driven by its expanding applications.

2022: Market valuation at US$ 34.85 Mn.

2032: Projected to reach US$ 56.10 Mn, with a CAGR of 4.9% during the forecast period.

This growth is largely attributed to the rising awareness of natural and organic products, as well as increasing investments in R&D activities aimed at enhancing the functionality of frangipani extract. The aromatherapy segment alone is projected to achieve a market value of US$ 21.74 Mn by 2032, growing at a CAGR of 5%.

Competitive Landscape

The competitive landscape is marked by key players focusing on innovation, technological advancements, and global expansion. Notable strategies include:

Mane Kancor: Utilizes both traditional and state-of-the-art extraction technologies to ensure high-quality frangipani extract for diverse applications.

HDDES: Recently upgraded quality standards with ISO 22000:2018 and FSSC 22000 certifications and expanded its presence to countries like Myanmar, Germany, Japan, and the U.S.

Other Major Players: Companies such as Veda Oils, INDIA AROMA OILS, Avi Naturals, and A.G. Industries are actively contributing to the market's competitive ecosystem.

These companies are enhancing extraction techniques, developing new blends, and diversifying their product portfolios to meet rising consumer demand.

Market Segmentation
Aromatherapy

Frangipani essential oil is a cornerstone of the aromatherapy segment. Known for its ability to alleviate stress, treat headaches, and enhance sleep quality, the demand for this oil is growing rapidly. By 2032, the aromatherapy application of frangipani extract is expected to account for US$ 23.34 Mn, with a CAGR of 4.5%.

Cosmetics and Personal Care

Accounting for around 45% of the market share in 2022, the cosmetics and personal care segment is fueled by the increasing consumer preference for natural ingredients. Frangipani extract is a popular ingredient in facial creams, body lotions, perfumes, and hair care products. Its anti-inflammatory and purifying properties make it an effective solution for skin pigmentation and blemishes.

Food & Beverage Industry

Although relatively nascent, the application of frangipani extract in the food & beverage sector is emerging as a profitable avenue. The floral flavors of frangipani are being incorporated into gourmet beverages, teas, and innovative cocktails such as frangipani martinis and punches. This trend reflects the growing sophistication of consumer preferences in the foodservice industry.

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Regional Analysis
Asia-Pacific

Asia-Pacific is a leading region in the frangipani extract market, driven by traditional medicine practices and a strong cosmetics industry. Countries like India and Japan are key contributors to market growth, with significant investments in R&D and export-oriented manufacturing.

North America

The North American market is growing steadily due to increased consumer awareness of natural and organic products. The U.S. remains a dominant player, with a robust aromatherapy and wellness market.

Europe

Europe's market growth is bolstered by the region's demand for high-quality, sustainable cosmetic ingredients. Germany and the U.K. are key markets with a strong focus on luxury and premium products.

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