Frangipani Extract Market Outlook 2032
- The global frangipani extract market was valued at US$ 34.85 Mn in 2022.
- It is estimated to grow at a CAGR of 4.9% from 2022 to 2032
- The global frangipani extract market is expected to reach value of US$ 56.10 Mn by the end of 2032
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Overview of Frangipani Extract Market
Frangipani extract is greatly valued for its therapeutic properties in traditional medicine. The fragrance/aromatic profile of frangipani lends itself to perfumes and beauty product utilization. The fragrant floral extract has nourishing aesthetic properties, making it a popular ingredient in a variety of beauty products. Frangipani extract is also used in aromatherapy because of its invigorating scent, which relaxes the mind and body and also treats tinnitus, inflammation, headaches, and back discomfort along with providing excellent overall health and well-being since it contains powerful antioxidant and anti-inflammatory properties.
Rise in Popularity of Aromatherapy Practices to Increase Demand for Frangipani Essential Oil
Aromatherapy is a therapeutic practice that involves the use of essential oils and blends of multiple extracts. Based on application, aromatherapy is expected to reach around US$ 21.74 Mn with a value CAGR of 5% by the end of 2032. Aromatherapy has been practiced for thousands of years, and is also known as a holistic treatment that promotes mental, physical, and spiritual well-being. Frangipani extract is used to treat common lifestyle diseases like stress and exhaustion by diffusing essential oils using electric diffusers. It can also be used in nebulizers, burners, inhalers, and other carrier oils to massage deeply into muscles and pressure points, relax the mind, ease stress, and create a sound sleep.
Based on type of frangipani extract, the total value of frangipani essential oil consumed is estimated to reach US$ 23.34 Mn by 2032 with an expected CAGR of 4.5%. The oil form of frangipani extract is used to cure severe headaches because it contains anti-inflammatory characteristics that aid to relieve severe headaches as well as other symptoms, including muscular aches and back pain. The aromatherapy business is growing due to increased consumer experimentation with alternative health problem-solving techniques. Due to its potential to treat a variety of medical ailments, frangipani is becoming a popular product among consumers, and this growing popularity is likely to boost demand over time.
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Increase in Adoption of Frangipani Extract Due to Anti-inflammatory and Purifying Properties
Based on application, cosmetics and personal care hold around 45% market value share in the year 2022. The growing popularity of natural products, as well as their expanded use in various types of cosmetic formulations such as facial treatment, hair care, and perfumes, is predicted to drive the growth of the frangipani extract market. Furthermore, rising demand for organic cosmetics due to increased public awareness about environmental protection and rising disposable incomes have led to an increase in the number of manufacturers using flower extract ingredients in their cosmetic formulations for the products such as facial creams or body lotions, etc. propelling market growth.
Frangipani extract has a rich, strong, and exotic fragrance that is widely used in perfumery. It also helps in moisturizing dry skin and making it soft, supple, and glowing. Owing to its potent anti-inflammatory and purifying properties, which are useful in fading skin pigmentation and making the skin blemish-free.
Profitable Opportunities for Frangipani Extract Market Players in Food Beverage Industry
The consumption of floral extract in food and beverages remains an unusual concept for the people, which is generating opportunities for the companies to expand the application of frangipani extract in the food beverage industry. While these products and ideas are currently targeted at luxury cuisine and gourmet restaurants, the flavors industry is now paying more attention to floral flavors, which will assist to develop flower concepts’ prospects in the food beverage industry. Frangipani extract has a pure, pristine flavor that may be used in a variety of beverages, teas, and even candied in sweet syrup.
The food beverage industry is constantly changing, and the industry has to respond quickly to new trends to satisfy consumer expectations and follow the new trends. The foodservice industry is also offering a wide range of food and beverage products with innovation and creativity. The foodservice industry ensures that consumers’ expectations are met by providing a diverse choice of beverage solutions with the experience and expertise needed to launch new craft cocktails with sophisticated twists such as frangipani martini, frangipani punch, etc. which will increase the demand for frangipani extract in the future.
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Strategies of Global Frangipani Extract Market
Manufacturers of Frangipani Extract are focusing on enhancing extraction technology and expanding their business on a global level to fulfill increased consumer demand by providing better products and services.
- Mane Kancor’s extract made from frangipani is an aromatic, volatile liquid that is either steam/hydro distilled from plant parts. It uses both traditional and state-of-the-art technology to separate and purify the product before it is used in a variety of applications.
- HDDES upgraded its quality standards recently by obtaining ISO 22000: 2018 and FSSC 22000 certifications and manufacturers extracting using the steam distillation and solvent extraction methods and is enhancing its technology by researching. It is also expanding its presence in Myanmar, Germany, Japan, Dubai, and the U.S
Key Players in Global Frangipani Extract Market
Some of the key players in the market are Mane KANCOR, Veda Oils, INDIA AROMA OILS, AND COMPANY, HDDES, Manohar Botanical Extracts Pvt Ltd., Avi Naturals, A. G. Industries, Oshadhi, and Nature’s Flavors, Inc., The Plant Extracts Company Pty Ltd., Pure Oils India, Aromaaz International, Kush Aroma Exports, D.S. Fragrances, Floral Essential Oil, etc.
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