Frangipani Extract Market Report Scope And Overview:

The Frangipani Extract Market size was USD 33.9 million in 2022 and is expected to Reach USD 49.3 million by 2030 and grow at a CAGR of 4.8% over the forecast period of 2023-2030. 

Frangipani extract is a concentrated form of the frangipani flower's scent and therapeutic components. Usually, the essential oil is obtained from the flowers through solvent extraction or steam distillation. Aromatherapy and fragrance both frequently use the rich, sweet, and exotic scent of frangipani extract. Additionally, it possesses a number of possible health advantages, including anti-inflammatory, antibacterial, and antioxidant qualities.

Based on the Extraction process, the extraction process segment is segmented into solvent extraction and steam distillation. The steam distillation segment dominated the market with the largest market share of 59% and market revenue of USD 21.53 billion in 2022.

Based on application, the application segment is categorized into aromatherapy, cosmetics & personal care, and household. The cosmetics & personal care segment accounted for the largest share of the market, with 43.46% market share, and had a market revenue of USD 16.12 billion in 2022.

MARKET DYNAMICS

KEY DRIVERS

• Increasing popularity of aromatherapy

Aromatherapy is a holistic healing technique that promotes health and well-being by utilizing natural plant extracts such as essential oils. Essential oils are concentrated plant extracts with medicinal effects. Frangipani extract is a popular aromatherapy essential oil due to its relaxing, tranquil, and uplifting aroma. It is frequently used to induce a sense of serenity and tranquillity, as well as to relieve tension and worry. Aromatherapy with frangipani extract is popular across the world, but it is especially popular in tropical and subtropical countries where the frangipani flower grows. These regions include  Indonesia, Thailand, Malaysia, and other countries.

RESTRAIN

• Lack of awareness of Frangipani Extract

Many customers are unaware of the presence or possible benefits of frangipani extract. In the personal care and wellness business, frangipani is a relatively recent component. Another problem is that frangipani is less well-known than essential oils like lavender and peppermint. This can make it difficult for producers to sell and promote their products.

• Stringent regulation

OPPORTUNITY

• Health benefits of Frangipani Extract

Anti-inflammatory chemicals found in frangipani extract can aid in lessening inflammation throughout the body. This can help those with illnesses like arthritis, asthma, and eczema. The antimicrobial properties of frangipani extract can aid in the killing of bacteria and fungi. Also, frangipani extract offers a peaceful and relaxing aroma that can aid with stress and anxiety relief. It can also help with sleep quality. Frangipani extract includes anti-inflammatory chemicals that can help enhance the immune system. People may be less susceptible to illness as a result of this. These benefits had increased its use in pharmaceutical and cosmetics sectors. Frangipani extract has a number of potential health benefits that drive the Frangipani extract market growth.

• Rising applications of frangipani extract in various sectors

CHALLENGES

• High-cost Frangipani Extract

Frangipani flowers are not usually cultivated, which limits the supply of frangipani extract. It is normally extracted using solvent extraction or steam distillation, both of which are sophisticated and costly processes. The extraction and processing of frangipani extract necessitate a substantial amount of manual labor, which contributes to the product's high price. The high cost of frangipani extract may limit the market's growth by making it less affordable to customers. It can also make competing with makers of synthetic fragrance items challenging for manufacturers of frangipani extract products.

IMPACT OF RUSSIA UKRAINE WAR

The war between Russia and Ukraine is anticipated to have a severe negative effect on the market for frangipani extract. The cost of raw materials, transportation, and energy has risen as a result of the war. The cost of making frangipani extract has risen as a result. Europe is a big buyer of frangipani extract. The battle is predicted to impair Europe's supply of frangipani extract. Since the start of the war, the price of frangipani extract has risen by 20%. Since the commencement of the conflict, there has been a 50% decline in the demand for frangipani extract in Russia and Ukraine.

IMPACT OF ONGOING RECESSION

Recessions can have a major impact on the frangipani extract market in a variety of ways. Frangipani extract is a luxury item, and customers are more likely to cut back on spending on such items. The popularity of aromatherapy is increasing in various tourist places as a technique of relaxing and calming but due to the rising prices consumers are willing to reduce expenses on luxury items. According to a recent World Bank study, global production of frangipani flowers will fall by 5% in 2022. The price of frangipani extract is expected to rise by 7%. The supply of frangipani extract is expected to fall by 5%. 

MARKET SEGMENTATION

By Type

• Fragrance Oil

• Absolute Oil

• Essential Oil

By Nature

• Organic

• Conventional

By Extraction Process

• Solvent Extraction  

• Steam Distillation

By Distribution Channel  

• Supermarkets/ Hypermarkets

• Specialty Stores

• Online Retail

• others

By Application

• Aromatherapy

• Cosmetics & Personal Care

• Pharmaceuticals

• Food & Beverages

• Household

REGIONAL ANALYSIS

Asia Pacific emerged as the largest market for the frangipani extract market, with a 39% share of the market revenue in 2022. Asia Pacific region dominated the market due to the presence of key players. Furthermore, countries such as India, China, and Japan have a high demand for Frangipani Extract oil, which will significantly boost the market. Also, there is increasing demand for frangipani oil in developing countries, as there are rising consumers with high disposable income, and they are willing to spend on luxury goods like aromatherapy.

The North American market for frangipani extract is the largest followed by Europe, with a market share of more than 30%. The United States is the region's largest user of frangipani extract. The increased popularity of natural and organic products in the region is driving demand for frangipani extract. In the region, frangipani extract is a common ingredient in cosmetics, pharmaceuticals, personal care goods, and aromatherapy items.

The European market is the largest in the world, accounting for a market share of 20%. The region has the largest market in countries such as France, Germany, and the United Kingdom. Frangipani extract is used as a common ingredient in cosmetics, personal care goods, and aromatherapy items in the Europe region. the stringent regulations of the use of natural and organic products drive the market growth.

REGIONAL COVERAGE

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS

Some key players for Frangipani Extract are Mane KANCOR, Essential Oils Company, Moksha Lifestyle Products, Buckley & Phillips Aromatics, Herbo Nutra Extract Private Limited, Aromaaz International, India Aroma Oils And Company, Avi Naturals, NATIVE EXTRACTS Pty Ltd, Venkatramna Industries, Aethon International LLP, A. G. Organica Pvt Ltd., Veda Oils, and other key players.

Essential Oils Company-Company Financial Analysis