Charting Growth Trajectories: Jasmine Officinale Market Strategies for 2032
Future Market Insights research indicates that the global jasmine officinale market is anticipated to grow at a compound annual growth rate (CAGR) of % over the estimated period. According to projections, the market value will rise from US$ 364.5 million in 2022 to US$ 599.4 million in 2032. At the end of 2021, the Jasmine Officinal was valued at US$ 345.5 million. It is projected to expand at a compound annual growth rate (CAGR) of 5.1% in 2022.
Market Dynamics of Jasminum Officinale:
The key market driver which influences the demand for Jasminum officinale is from manufacturers of the cosmetic industry as it is one of the prime ingredients which is used in cosmetic products because of its sweet scent and natural fragrance. On the other side, this product is also trending in the market due to its heavy demand among health-conscious consumers, as they always seek cosmetics products made from herbal ingredient and free from side effects. Jasminum officinale is also gaining demand for medicinal purposes where its oil is mostly used in therapies, skin diseases, itching, ulcer and to cure from many other health-related problems.
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Market Segmentation of Jasminum Officinale:
The market of Jasminum officinale is segmented on the basis of form and application. On the basis of form Jasminum officinale is segmented into powder, extract, and liquid form. As per the application, Jasminum officinale is segmented in three different segments which include the cosmetic industry, medicinal purpose, home care products, and other (food and beverage).
The demand for Jasminum officinale is growing from the cosmetic industry where its flowers and its oil are used in perfumes, body lotions, creams, shampoos, hair oil, soaps, talcum powder, and in many other body care products. The increasing middle-class population, particularly in developing nations of the world states that consumers have enough income to spend their money in other areas like health and hygiene products, beauty care, home care, and in many other products after meeting their essential requirements.
Emphasizing this factor cosmetic companies are offering those products which comprised of natural fragrance and natural ingredients and are also free from any side effects. Jasminum officinale flowers and its oil have all such qualities and due to this, it is used in cosmetic and personal care products to satisfy the growing demand of consumers related to their wellbeing. Owing to the market segment of Jasminum officinale, it is expected that the cosmetic industry acquires the majority of shares in terms of both value and volume.
Oil extracted from Jasminum officinale has applications in medicinal purposes like in the treatment of spasms, dermatitis, dehydrated skin and to fight infections and for many other purposes. Jasminum officinale also has applications in home care products, where companies are generally using them in detergent powders, dishwashing liquid, room fresheners, etc as a fragrance extract. Moreover, Jasminum officinale also has a demand as a food flavor ingredient in culinary products, confectionery products, tea, desserts, etc.
Regional Outlook of Jasminum Officinale:
On the basis of regional outlook, Jasminum officinale market is segmented into seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East, and Africa. As per production, major Jasminum officinale producing countries are China and India from the Asia-Pacific region. On the other side in terms of consumption, increasing demand for cosmetic, herbal, and personal care products in the European region supports the market growth over the forecast period.
Key Players in Jasminum Officinale Market:
Key players in Jasminum officinale market are Penn Herb Company, Young Living Essential Oils, The Jasmine Pearl, LLC., Bigelow Tea, YARDLEY LONDON, Hello Dollface, Eden Botanicals, and AayurMed Biotech (P) Ltd.
The Report covers an exhaustive analysis on:
- Jasminum Officinale Market Segments
- Market Dynamics of Jasminum Officinale Market
- Historical Actual Market Size, 2013-2015 for Jasminum Officinale Market
- Jasminum Officinale Market Size & Forecast 2016 to 2026
- Value Chain
- Jasminum Officinale Market Current Trends/Issues/Challenges
- Competition and Companies Involved in Jasminum Officinale Market
- Jasminum Officinale Market Drivers and Restraints
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Regional analysis for Jasminum Officinale Market includes:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, and Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
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