Jasmine Extract Market Size & Analysis: Forecast growth rate of 5.8% in forecast period 2023-2029

The Global Jasmine Extract Market size was valued at US $78.3Mn in 2022 and is forecasted to grow at a CAGR of 5.8% from 2023 to2029, reaching US $152 Mn.

Jasmine Extract market is booming due to an increase in demand for Jasmine extract in the personal care, cosmetics and food & beverage industries. Jasmine extract is a natural flavoring agent that is used in a variety of food & beverage products such as tea, coffee and desserts.It is mainly used because of its calming and relaxing effects which makes it a popular ingredient in aromatherapy.The Jasmine flowers tree are Supercritical fluid extraction to extract the essential oil which is highly esteemed for its sweet, floral aroma and therapeutic applications and to have high yield and purity to the extracted product.The extract has application in perfumes, lotions, soaps, candles and massage oils due to its pleasant scent and potential health benefits.The growth of the market is attributed to the increasing demand for natural ingredients in the food and beverage, personal care, and cosmetics industries.

North America is leading region in the globalJasmine Extract industry with a share of 22% in 2022. Asia Pacific region is forecasted to have rapid growth in the forecasted period of 2023-2029.


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Jasmine Extract Market Dynamics
Jasmine Extract Market Drivers

Driving Factors behind the growing demand for Jasmine Extract in natural and organic products, aromatherapy and cosmetics industries

The Market growth is fostered by the driving factors such as increasing consumer preference for natural and organic products across various industries such as cosmetics, health care and food & beverages. Jasmine extract is obtained as a natural fragrance and flavoring agent which backs with the growing demand for chemical free constituents. Aromatherapy and healthcare practices has also observed growth which leads to a heightened awareness of the therapeutic benefits of scents and essential oils. Jasmine extract is also used as relaxing and mood-enhancing agentin aromatherapy blends. The growing interest in natural perfumery has also propelled the demand for jasmine extract, given its captivating floral aroma. Jasmine is gaining ground in cosmetics because it restores skin lustre and balances moisture to naturally reduce dryness without blocking pores. Dry skin overproduces sebum causing acne. Jasmine naturally hydrates skin to regulate sebum.

Jasmine Extract Market Opportunities 

Analyzing and implementing the lucrative market opportunities for Jasmine Extract: Natural Cosmetics, Aromatherapy and Sustainable Sourcing

The Jasmine Extract Market observes a significant opportunity as the market presents lucrative opportunities for the new entrants and the current businesses. The market presents lucrative opportunities fostered by the growth of the natural and organic cosmetics industry as there is a growing preference for clean and sustainable beauty products. Locking the emerging markets in the high opportunity region which unlocks the untapped potential due to the cultural significance of jasmine in the regions. Aromatherapy products are trending opportunity for innovation where the jasmine extract is used for its relaxing and mood-enhancing catering to the rising demand for overall good will practices. Collaboration with the food & beverage industry leads to the development of jasmine-infused products while the natural perfumery segment provides an opportunity to position jasmine extract as a premium fragrance component. Studying and analyzing the potential health benefits of jasmine extract and focusing on sustainable sourcing of jasmine and opting well established supply chain network fostering the opportunities for the emerging businesses.

Jasmine Extract Market Restraints and Challenges

The jasmine extract market faces many restraints and challenges alongside various market opportunities. The challenges and restraints are high cost of production, seasonal availability of jasmine flowers, competition from synthetic jasmine and lack of awareness about the benefits of jasmine extract. Jasmine flowers are a perishable item and the extraction process is complex and time-consuming which makes is more and more expensive for the buyers. So the market is filled with growing competition from synthetic jasmine which is cheaper and production is easy. This makes it difficult for natural jasmine extract producers to compete. Solutions to this challenges are investment in research and development and Educate consumers about the benefits of jasmine extract.

Jasmine Extract Market Trends

The Market is observing an upward trend due to increase in the consumer demand for natural and sustainable products including a preference for fragrance and flavor ingredients like jasmine extract derived from natural sources and align with sustainability goals. Cosmetics and personal care industry is observing an increasing trend of utilizing jasmine extract in skincare products, perfumes and hair care items due to its pleasing aroma and potential skincare benefits. The food & beverage industry has embraced jasmine extract for its floral and delicate taste that incorporates various products such as teas, desserts and beverages. Emerging regions are witnessing growing market penetration of jasmine extract due to their cultural association with jasmine fragrance.


Jasmine Extract Market Segmentation
In the research report, the Market is segmented by application, by extraction, by nature and by region.

By Application, the Jasmine Extract Market is segmented as cosmetics and personal care, aromatherapy, pharmaceuticals and food and beverages.The cosmetic and personal care segment is the largest application segment over 42% of the total market due toits large application in the cosmetic and personal care products such as perfumes, lotions and soaps. The food & beverage segment is also growing due to application in various food & beverage products such as tea, coffee and desserts. The aromatherapy segment is the third-largest application segment for jasmine extract due to the use of essential oils to promote relaxation and improve overall health.

By Extraction, the Jasmine Extract Market is segmented as Steam distillation, Solvent Extraction and Supercritical fluid extraction (SCFE). The SCFE segment is forecasted to grow at the fastest rate of 33.5% during the forecast period as it has high yield and purity to the extracted product.The steam distillation segment is the second-largest as it is a reliable and efficient method of extraction and is comparatively inexpensive.The solvent extraction segment is the third-largest segment and it is declining due to less efficient method of extraction.

By Type,the Jasmine Extract Market is segmented as Organic and Conventional. The conventional market holds the largest market share in 2022 of over 85% of overall jasmine extract market. The rationale behind it is, higher availability and lower cost of conventional jasmine extract compared to organic jasmine extract. The organic segment is forecasted to grow at a faster rate during the forecast period leading an increasing demand for natural and safe products.

The Jasmine Extract Market is divided in 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, and South America.


Jasmine Extract Market Regional Insights 
North America, South America, Europe, Asia-Pacific, Middle East and Africa and South America are the five geographic regions of the market. The Jasmine Extract Market is led by North America market and Asia Pacific market is forecasted to be largest region for Jasmine Extract Market in the forecasted period 2023-2029.

North America: North America region is forecasted to lead the global jasmine extract with market share of 22% in 2022. Rising demand for jasmine extract in North America is due to the increasing popularity of aromatherapy and growing use of jasmine extract in the cosmetic and personal care industry.

Asia-Pacific: Asia Pacific is the second-largest region for  market holding over 20% market share in 2022. These high demand for jasmine extract in Asia Pacific is backed by the increasing popularity of jasmine tea and use of jasmine extract in the food & beverage industry.

Europe:The Europe is forecasted to be the third largest region for Jasmine extract market. The market growth in the region is due to increasing popularity of jasmine essential oil and the growing use of jasmine extract in the pharmaceutical industry.

South America:The South America is forecasted to be the fourth largest region for Jasmine extract market which is attributed to the increasing popularity of jasmine flavored foods & beverages and growing use of jasmine extract in the cosmetic and personal care industry.

Middle East & Africa: The Middle East & Africa is forecasted to be the growing region for Jasmine extract market. Lesser demand for jasmine extract in Middle East & Africa is attributed to the limited awareness about the benefits of jasmine extract and the high cost of jasmine extract.
Jasmine Extract Market Competitive Analysis
The Jasmine Extract Market is competitive with large number of companies entering the market for jasmine extract is fierce with several prominent players striving to establish their dominance in the industry.Mane SA, Phoenix Aromas & Essential Oils LLC, Indukern Fragrance Division, Swiss Arabian Perfume Group and Aroma Chemical Services International SAS. These key players have positioned themselves as market leader by attaining the fragrance, flavor and natural ingredients required for the product. Innovation, sustainability and customer collaboration are key focus areas for these companies as they seek to deliver unique and high quality solutions to meet the evolving needs of customers.
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Jasmine Extract Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2021
Market Size in 2022:
US $ 40.7 Mn.


Forecast Period 2023 to 2029 CAGR:
5.8 %
Market Size in 2029:
US $ 60.4 Mn.


 Segments Covered:
by Application
1. Cosmetics and Personal Care
2. Aromatherapy
3. Pharmaceuticals
4. Food and Beverages


by Extraction
1. Steam Distillation
2. Solvent Extraction
3. Supercritical fluid Extraction


by Type
1. Organic
2. Conventional



Jasmine Extract Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key players in the Global Jasmine Extract Market
In the report, the company portfolio of leading Global Jasmine Extract Marketmanufacturer has been covered on the basis of study and research of the global Jasmine Extract industry.

North America:
1. Ultra International Ltd.
2. Vigon International Inc.
3. Berje Inc.
4. Phoenix Aromas & Essential Oils LLC
5. Essential Ingredients
6. Penta International Corporation

Europe:
1. Albert Vieille SAS
2. Ernesto Ventos SA
3. Nactis Flavours
4. Elixens France SAS
5. Jean Niel SAS
6. Mane SA

Asia-Pacific:
1. Kanta Group
2. Shanghai Pu-Jie Fragrance Co., Ltd.
3. PT. Indesso Aroma
4. Quinessence Aromatherapy Ltd.
5. Jiaxing Sunlong Industrial & Trading Co., Ltd.
6. Gulab Singh Johrimal

Latin America:
1. Fábrica de Aromas S.A.
2. Aroma Chemical Services International SAS
3. Indukern Fragrance Division
4. Lucta S.A.
5. Agronatura Brasil
6. Scentec Indústria e Comércio de Fragrâncias Ltda.

Middle East:
1. El-Khalil Fragrances
2. Mane Egypt S.A.E.
3. Al Haramain Perfumes
4. Rasasi Perfumes Industry LLC
5. Swiss Arabian Perfume Group
6. Abdul Samad Al Qurashi

FAQs
1) What is the estimated value of the Global Jasmine Extract Market in 2022?
Ans. The Global market was estimated to be valued at $40.7 million in 2022.

2)What is the growth rate of the Global Jasmine Extract Market?
Ans. The growth rate of the market globally is 5.8% CAGR, with a forecasted value of $ 60.4million by 2029.

3) Which region has the highest growing potential across the globe?
Ans. Asia Pacific region is forecasted to grow at a CAGR of 5.8% in the Market at highest rate among all regions in the forecast period of 2023-2029.

4) How is Global Market segmented by Application?
Ans. The Jasmine Extract Market is segmented as –food & beverages, pharmaceuticals,cosmetics and personal care and aromatherapy.

5) By Type, how is Global Market segmented?
Ans. By Type, the Jasmine Extract Market is segmented as –Organic and Conventional.

6) How are the top players in Global Jasmine Extract Market?
Ans. As per the studies and research conducted, the report encompasses the key companies in the Jasmine Extract industry are Mane SA, Phoenix Aromas & Essential Oils LLC, Indukern Fragrance Division, Swiss Arabian Perfume Group and Aroma Chemical Services International SAS.