Lotus Extract Market

Global Lotus Extract Market Size (2024 to 2029)

Lotus Extract Market share value in 2022 was 69 million, and it is expected to grow at a CAGR of 9.3% during the forecast period 2023-2028 to reach USD 117.64 million by 2028.

Lotus is an aquatic plant that is grown on aquatic bases such as lakes and rivers. The extract of lotus is a natural substance that is made from lotus. Lotus is also called Nelumbo nucifera. This lotus extract has been used as a traditional medicine for centuries. This is made from the petals, leaves, and seeds of the plant. This lotus extract is made from various extraction methods. Lotus extract consists of bioactive compounds such as vitamins, minerals, flavonoids, and antioxidants. This extract is traditionally used to treat skin problems. This acts by its antioxidizing property to treat skin from any free radical damage that is caused by environmental issues. This extract also acts as an antiaging agent, hence helping to treat wrinkles. Lotus extract's anti-inflammatory qualities can help to reduce skin irritation and redness. Additionally, it might aid with illnesses like dermatitis and acne. This characteristic may decrease the visibility of pores and enhance the texture of the skin. Lotus extract can also be found in hair care products in addition to skincare. It might provide the scalp with nutrition, boosting thicker, healthier hair growth and enhancing hair lustre. Additionally, the aroma of lotus extract is thought to provide calming and stress-relieving properties in aromatherapy, encouraging relaxation and a sense of well-being.

The increase in demand for lotus extract as traditional medicine across the globe is creating opportunities in the lotus extract market. This is due to the health benefits offered by the lotus extract. Numerous biological activities, including antioxidant, free radical scavenging, anti-inflammatory, and immuno-modulatory properties, have been stated for extracts from different parts of the lotus plant. Additionally, the increase in demand for organic and herbal products increases the demand for lotus extracts. The increase in innovations and the launch of new products of lotus extract are creating opportunities in the lotus extract market. Lotus extract has a lot of potential as a significant ingredient in skincare, haircare, and other beauty products because of the expanding demand in the cosmetics and personal care industry for natural and sustainable ingredients. The increase in mergers and acquisitions with the various companies of lotus extract is increasing the demand for lotus extract. 

Global Lotus Extract Market Drivers:

The increase in demand for lotus extract in the cosmetics industry is one of the major driving factors in the lotus extract market. This is due to the properties of lotus help in treating skin. The lotus consists of anti-oxidizing agents such as flavonoids and alkaloid compounds. These anti-oxidizing compounds help to treat skin by reacting with free radicals. Quercetin and catechin, two substances found in lotus, may be able to stop or lessen the inflammatory processes. For instance, according to the National Library of Medicine, Nelumbo nucifera, or Lotus leaf, and its active ingredients suppress inflammatory reactions in macrophages. Additionally, Lotus extract can also be found in hair care products in addition to skincare. It might provide the scalp with nutrition, boosting thicker, healthier hair growth and enhancing hair lustre. Hence, the lotus extract is used during the manufacturing of many creams, lotions, shampoos, conditioners, etc. This increases the demand for lotus extract in the cosmetics industry.The increase in the use of lotus extract in the food and beverage industry boosts the market growth. This is due to various parts of the lotus plant being used as food across the globe. The seeds and rhizomes of the lotus are used in the food and beverage industry in China and Japan. The extract is also used in preparing many traditional pastries and desserts in Chinese and Japanese.

Global Lotus Extract Market Restraints:

The lack of availability of lotus in huge amounts is one of the restraining factors to the lotus extract market growth. This is due to the unavailability of water sources so that the cultivation of water can be done. This leads to an increase in the cost of lotus as they are limited. The supply chain disruption of Lotus is hampering the growth of the market. Additionally, the hard extraction process and handling of the raw material required skilled personnel. This leads to hindering the market growth of the lotus extract market growth. The strict rules and regulations associated with the extraction of herbal and natural products decrease the market growth for lotus extracts. In addition, the disadvantage associated with the use of lotus extract is decreasing the market growth. Some customers may have allergic reactions to flowers, and if some consumers are suffering from any skin issue, they have to first contact a physician. This decreases the market for lotus extract. These are the factors that are restraining the growth of the lotus extract market.

Impact of COVID-19 on the Lotus Extract Market:

The COVID-19 pandemic affected the growth of the lotus extract market negatively. This is due to the restrictions and the strict rules associated with the travel ban, which decreased the demand for lotus extract across the globe. The lack of labor required in the extraction process decreased the production of the lotus extract market. The lack of expertise required to handle the hard extraction process hindered the growth of the lotus extract market. The closure of the end users' industries, such as cosmetics, food, and development, decreased the demand for the lotus extract market across the globe. The change in consumer buying patterns during the pandemic also hindered the market growth. 

REPORT COVERAGE: 

This research report on the Lotus Extract Market has been segmented and sub-segmented based on product type, extraction method, application, end user and region.     

Global Lotus Extract Market - By Product Type:

• Lotus Flower Extract
• Lotus Leaf Extract
• Lotus Root Extract

Among these, the lotus flower extract segment dominates the lotus extract market due to an increase in demand from the cosmetics industry. Mostly, lotus flower is used in the cosmetics industry. The lotus flower consists of various antioxidants, which act as anti-inflammatory agents; hence, used in the cosmetics industry, this increases the demand for lotus flower extract. The lotus root extract is expected to show the fastest CAGR growth over the forecasting period. 

Global Lotus Extract Market - By Applications:

• Cosmetics and Personal Care
• Pharmaceuticals
• Food and Beverages
• Nutraceuticals

Among these, the cosmetics and personal care segment dominates the lotus extract market due to the benefits associated with the use of lotus extract in the cosmetics industry. Additionally, the lotus extract is used as an anti-aging agent, hence used to treat wrinkles. The increase in the use of lotus extract in perfumery increases segmental growth. Natural plant ingredients like antioxidants, flavonoids, fatty acids, vitamins, calming, anti-inflammatory properties, and minerals aid in detoxifying the skin in the form of lotus extract. The pharmaceutical segment is expected to show the fastest CAGR growth in the lotus extract market over the forecasting period. 

Global Lotus Extract Market - By Extraction method:

• Solvent Extraction
• Supercritical Fluid Extraction

Among these, the solvent extraction method dominates the lotus extract market. The solvent method is expected to show the fastest CAGR growth over the forecasting period. Solvent extraction involves isolating the bioactive components using solvents like ethanol or water, whereas supercritical fluid extraction methods, such as supercritical carbon dioxide extraction, guarantee the extraction of bioactive chemicals while keeping their integrity. The supercritical fluid extraction method is expected to show the fastest CAGR growth over the forecasted period.

Global Lotus Extract Market - By End User:

• Traditional medicine
• Cosmeceuticals
• Aromatherapy

The traditional medicine segment is leading with the highest shares of the market owing to the rising prevalence of ayurvedic medicine due to its therapeutic properties. The aromatherapy segment is next in leading the prominent market size. Aromatherapy plays a crucial role in relieving stress, and the demand for this segment is increasing due to the growing awareness of the use of lotus extract for relaxation. 

Global Lotus Extract Market – By Region:

• North America
• Europe
• Asia-pacific
• Middle-East and Africa
• Latin America

Regionally, the North American region dominates the Lotus Extract Market due to an increase in demand for lotus extract for various industries such as cosmetics, pharmaceuticals, and food and beverage. The majority of the population in the United States and Canada prefers herbal and plant-based ingredients, hence increasing the demand for lotus extract. The increase in popularity of using plant-based cosmetics drives the market growth in the region. Additionally, the increase in the formulation of plant-based products drives the region's growth.

The European region is expected to show the fastest CAGR growth in the lotus market growth over the forecasting period. This is due to an increase in demand for natural and plant-based products for the cosmeceutical industry. Additionally, to meet the growing customer demand for products with clear labels that are health-conscious, the food and beverage sector in Europe is exploring the usage of lotus extracts as natural flavorings and functional ingredients. The Asia Pacific region is expected to show moderate growth in the lotus extract market over the forecasting period. This is due to emerging countries such as India, China, and Japan using lotus extract as a medication.

KEY MARKET PLAYERS:

Key players of Lotus Extract Market  are Nutra Botanics, Nature's Way, Herbal Science, Source Naturals, Swanson Health Products, Herb Pharm, Gaia Herbs, Planetary Herbals, Zand, American Botanicals.

RECENT HAPPENINGS IN THE INDUSTRY:

In March 2021, Lotus Herbals Enters the Global E-Commerce Beauty Market Launches Lotus Botanicals