Frangipani Extract Market

Frangipani Extract Market Size, Share, Growth (2023-2028)

Frangipani Extract Market was valued at US$ 35.92 Million in 2022 to reach US$ 55.38 Million by 2028 with a CAGR of 5.4%.

Frangipani Extract Market Overview

Frangipani Extract is obtained from Plumeria Alba by solvent extraction or steam distillation, which has aromatic properties. The frangipani extract was mainly given importance in aromatherapy due to its therapeutical properties, such as anti-inflammatory and anti-oxidant, which relieves stress and mild headaches. Frangipani Extract was used to manufacture essential oils and fragrance oils used in pharmaceuticals and cosmetics as it helps rejuvenate skin and treats dry and broken skin by hydration. Frangipani Extract is also used in nebulizers, burners, inhalers, and other carrier oils to massage deeply into pressure points, which relaxes the mind and body. The sturdy aroma of Frangipani Extract was significantly used in the perfume industry. The demand for natural products by luxurious restaurants in the Food and beverages Industry for different and decent Flavors that can be used in various beverages and teas.

Frangipani Extract Market Drivers

The Frangipani Extract is given importance for aromatherapy for its therapeutic properties, prompting the Frangipani Market demand. Frangipani Extract's aromatic characteristics are gaining traction in the perfume industries and personal care products, increasing the demand in Frangipani Extract Market. Natural extracts in personal care products have been increasing due to awareness of the skin reactions caused by chemicals. Therapeutic properties such as anti-inflammatory and anti-oxidant were observed in Frangipani Extract, which drives the Pharmaceuticals. The Food & Beverages Industry was also adopting the use of new and different Flavors in various food products, increasing the demand for Frangipani Extract Market. The Frangipani Extract in the form of essential oil has the highest market size as it was used in aromatherapy, which helps relieve muscular body aches. The aromatherapy was gaining attention because people were showing interest in the experimental methods for well-being, which drove the market value of Frangipani Extract. The leading players are investing in research to improve the activities of the Frangipani Flower, which also drives the market growth.

Frangipani Extract Market Restraints

The high cost of the product was the main restraining factor affecting the market demand for Frangipani Extract. Oil extraction from Frangipani Extract was a vast process that cost labor. The availability of the frangipani flower, which is a primary raw material component for the extraction, was difficult, which caused an increase in the cost of the product and a decrease in the market demand. Cultivation and harvesting of Frangipani flowers were challenging, influencing the Frangipani Extract Market. According to the market trend, many substitutes replace the original products, giving the same result at low costs. This shows the impact on the Frangipani Extract Market revenue share.

COVID-19 Impact on the Frangipani Extract Market

COVID-19 was declared a pandemic by WHO (WORLD Health Organization). The plant extracts are widely used in personal care products and pharmaceuticals for their activity. Due to the emergence of COVID-19, people are concerned about natural products to maintain health, influencing the market for plant extracts. However, the world lockdown with strict regulations affected the farming conditions, which impacted the supply of raw materials. This increased the price of raw materials, which affected the manufacturers by increasing the market price of the product. The supply of raw materials through borders has been complex due to the legal regulations of lockdown. The availability of labor was hard for manufacturing due to the pandemic lockdown.

Frangipani Extract Market Segmentation

By Type:

• Essential Oil

• Fragrance Oil

• Absolute Oil

The Essential Oil segment has the dominant market share of around 42% in 2022, which has a high impact on the demand of market growth. Essential Oils are primarily used in aromatherapy, which relieves lifestyle disorders such as stress, muscle weakness, and backaches and induces sound sleep. Essential oils are also used in various products like shampoos, room fresheners, and shower gels. These factors induce the Frangipani Extract Market.

Fragrance Oil has also gained traction in recent years used in perfumes and other beauty products, which was expected to expand in the forecast period of 2023 to 2028 with more significant revenue share.

By Nature:

• Organic

• Conventional

The Organic nature segment has the greatest market size in the Frangipani Extract Market, with a market share of 58.36% in 2022. The increase in demand for organic products among customers for well-being was driving the market share for the organic segment. The adoption of reviewing the products by people was increasing the awareness towards organic products compared to conventional products.

The Conventional nature segment was expected to rise due to low cost compared to organic products. The conventional segment was expected to increase in Frangipani Extract Market in the forecast period of 2023 to 2028.

By Extraction Process:

• Solvent Extraction

• Steam Distillation

The steam distillation extraction segment has dominated the market in 2022 with a market share of around 60%. Steam distillation was preferred; it was a cost-effective and easy oil extraction process. Steam was applied at low pressure, which vaporized the volatile components of the plant material easily. Due to these, the steam distillation has the largest revenue share in the Frangipani Extract Market.The solvent extraction was the technique where unwanted components were also dissolved by the solvent, and evaporation of solvent may also evaporate the functional volatile components of the plant material. Due to these disadvantages, steam distillation was preferred.

By Distribution Channel:

• B2B (Business to Business)

• B2C (Business to Consumers)

  • Hypermarket/Supermarket

  • Speciality Stores

  • Online Retail

The business-to-business segment has the largest market size in the Frangipani Extract Market, with a market share of 56.85% in 2022. Business-to-business deals are between the business entities where bulk deals are done, bringing profit and demand for the market value. This segment also benefits both manufacturers and buyers. 

The business-to-consumer segment involves supermarkets, stores, and online retail. This segment has gained traction in recent years as online marketing has shown rapid market growth. Hence, it was expected to increase the market value of the Frangipani Extract Market in the upcoming years.

By Application:

• Cosmetic and Personal Care

• Aromatherapy

• Pharmaceuticals

• Household/Retail

• Food & Beverages

The cosmetics & personal care segment has the dominant share in the Frangipani Extract Market size, with a market share of 43.56% in 2022. The Frangipani Extract was used in many products such as candles, perfumes, shampoos, shower gels, and others, increasing the market demand for the Frangipani Extract. This extract was helpful for rejuvenating the skin and repairing dry and broken skin by providing hydration.

Aromatherapy was also gaining attention as people are being habituated to well-being where aromatherapy uses essential oil by massaging it relieves body aches by inducing sound sleep. It was expected to have the highest growth rate, increasing the market value in the forecast period of 2023 to 2028.

Food & Beverages and Pharmaceutical segments are also expected to have a decent increase in the upcoming years due to their anti-inflammatory and antioxidant properties. The innovative ideas of developing new and different trends to improve the activity of Frangipani have been prompting market demand.

Frangipani Extract Market Regional Analysis:

• North America

• Europe

• Asia-Pacific

• Latin America

• Middle East and Africa

Asia-Pacific region holds the largest market size in Frangipani Extract Market globally in 2022, with a market share of 40%. The key market players are prominent in this region, which is influencing the market growth. The countries China, Japan, and India have tremendous importance in the natural products, which was prompting the expansion of market value in this region.

The North American Region holds the second largest market share in the Global Frangipani Extract Market. The increase in attention towards natural beauty and personal care products has been rising the North American region towards market value. The fragrance of frangipani flowers and their concentrates are being used in many applications, such as lotions, creams, soaps, and shampoos, which demand market growth. 

The European region holds the third largest market value in the global Frangipani Extract Market. It was expected to have an increase in the market revenue of the Frangipani Extract Market in the forecast period of 2023 to 2028. The resorts, spas, and hotels are using frangipani aromas at their amenities to improve the divine feel of the surroundings.

Frangipani Extract Market Key Players

1. Mane KANCOR

2. Veda Oils

3. India Aroma Oils and Company

4. HDDES

5. Manohar Botanical Extracts Pvt Ltd.

6. Avi Naturals

7. The Plant Extracts Company Pvt Ltd.

8. Aethon International LLP

9. Buckley & Phillips Aromatics

10. Essential Oils Company