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Global Frangipani Extract Market Forecast 2022-2032 - Market Size, Drivers, Trends, And Competitors | Transparency Market Research, Inc
Market Size and Growth
The global frangipani extract market has exhibited significant growth over the past decade. In 2022, the market was valued at approximately US$ 34.85 Mn and is projected to reach US$ 56.10 Mn by 2032, growing at a CAGR of 4.9% during the forecast period . This growth is attributed to increasing consumer preference for natural products and the expanding applications of frangipani extract across various sectors.
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Market Segmentation
By Type:
• Essential Oil
• Fragrance Oil
• Absolute Oil
By Nature:
• Organic
• Conventional
By Extraction Process:
• Steam Distillation
• Solvent Extraction
• Supercritical Fluid Extraction
By Application:
• Cosmetics & Personal Care
• Aromatherapy
• Pharmaceuticals
• Food & Beverages
• Household Products
By Distribution Channel:
• Online Retail
• Offline Retail (Specialty Stores, Supermarkets/Hypermarkets)
• Business to Business (B2B)
By Industry Vertical:
• Beauty and Cosmetic Industry
• Healthcare and Pharmaceuticals
• Food and Beverage Industry
• Household and Cleaning Products
By Region:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
Regional Analysis
In 2022, the Asia-Pacific region dominated the frangipani extract market, accounting for 39% of the global revenue . Countries like China, India, and Japan have witnessed a surge in demand due to the growing popularity of natural and organic products. North America and Europe also represent significant markets, driven by increasing consumer awareness and the presence of key industry players.
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Market Drivers
• Rising Demand for Natural Ingredients: Consumers are increasingly seeking products with natural and organic components, propelling the demand for frangipani extract in cosmetics and personal care items.
• Growth in Aromatherapy Practices: The therapeutic properties of frangipani extract, such as stress relief and relaxation, have led to its widespread use in aromatherapy.
• Expansion of the Wellness Industry: The global wellness industry's growth has amplified the incorporation of frangipani extract in spa treatments and wellness products.
Market Challenges
• Limited Availability of Raw Materials: Frangipani flowers are native to specific tropical regions, leading to supply constraints and potential price volatility.
• High Production Costs: The extraction process, especially for essential oils, is labor-intensive and costly, impacting the final product's pricing.
• Regulatory Hurdles: Ensuring compliance with international standards and regulations can be challenging, especially for new market entrants.
Market Trends
• Sustainable and Ethical Sourcing: Companies are emphasizing sustainable harvesting practices and ethical sourcing to meet consumer expectations and regulatory requirements.
• Product Innovation: The development of new formulations and blends incorporating frangipani extract is on the rise, catering to diverse consumer needs.
• E-commerce Expansion: The proliferation of online retail platforms has made frangipani extract products more accessible to a broader consumer base.
Competitive Landscape
The frangipani extract market is characterized by the presence of several key players focusing on product quality, innovation, and strategic partnerships. Notable companies include:
• Mane KANCOR
• Veda Oils
• INDIA AROMA OILS AND COMPANY
• HDDES
• Manohar Botanical Extracts Pvt Ltd
• Avi Naturals
• A. G. Industries
• Oshadhi
• Nature's Flavors, Inc
• The Plant Extracts Company Pty Ltd
• Pure Oils India
• Aromaaz International
• Kush Aroma Exports
• D.S. Fragrances
• Floral Essential Oil
These companies are investing in research and development, expanding their product portfolios, and exploring new markets to strengthen their market position.
Future Outlook
The frangipani extract market is poised for continued growth over the next decade. Factors such as increasing consumer awareness, the shift towards natural products, and the expansion of application areas will drive market expansion. However, addressing challenges related to raw material availability and production costs will be crucial for sustained growth.
Key Market Study Points
• Market Valuation: Projected to reach USD 60.46 billion by 2032.
• Dominant Region: Asia-Pacific leading with a 39% market share in 2022.
• Leading Application: Cosmetics and personal care segment holds the largest market share.
• Growth Drivers: Natural ingredient demand, wellness industry expansion, and aromatherapy popularity.
• Challenges: Raw material scarcity, high production costs, and regulatory compliance.
Recent Developments
• Mane KANCOR's Expansion: In June 2023, Mane KANCOR inaugurated its largest frangipani extract manufacturing facility in Byadgi, Karnataka. This facility aims to quadruple production capacity and increase direct employment by 50%, aligning with eco-friendly practices and India's Make-In-India initiative .
• Product Launches: Leading cosmetic brands have introduced new skincare lines featuring frangipani extract, highlighting its moisturizing and rejuvenating properties .
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About Us:
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports
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