Lavender extract is the collection of essential crude mixtures from
extraction of different parts of lavender flower, which is extracted
by using solvent such as ethanol or water. Lavandula oil is extracted
from the lavender flowers scientific known as Lavandula Angustifolia.
Production of lavendula oil requires huge laborious work and help of
distillation process, Lavandula oil (Lavender oil) is extracted.
There are different methods from which this essential oil is
extracted such as hydro distillation, steam distillation and solvent
extraction. Lavender extracts contains desirable properties extracted
from herbaceous lavender flowers which is finding increasing and
extensive uses in various industries such as pharmaceuticals for
therapeutic properties and herbal medicines, cosmetics for functional
properties in skincare related products, along with food and
beverages products. Lavender extracts containing phytochemical
compounds such as carotenoids and flavonoids are primarily used in
tea, bakery products, cosmetics, decoction, oils and others, that is
fuelling the demand for global lavender extract market in near
future. Lavender extracts can be used in the form of liquid and
powder form. Cosmetics industries are using Lavender extracts in
their products due to the rising consumer demand for lavender extract
skincare products. Shifting consumer preference for natural lavender
extract based products is a major driving factor for the growth of
lavender extract market.
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Global
Lavender Extract: Market Segmentation
The
global lavender extract market is segmented on the basis of form,
application, and distribution channel and region type. Market segment
as per application, it is segmented on the basis of its application
in cosmetic, food and beverage and pharmaceutical. Among these
application segment cosmetic and pharmaceutical segments are expected
to contribute more that 50% market share and expected to grow at
higher space. Another segment is on the basis of distribution channel
which includes health and beauty stores, pharmacy and drug stores,
online retailing and other (direct selling) distribution channels. On
analyzing the demand of lavender extracts in form of oil on pie, it
was assessed that cosmetic industry acquires majority of share in
terms of volume followed by the demand of lavender extracts in food
and beverage industry. Primary reason behind its increasing demand
for lavender extracts in global level market is due to its richness
in natural quality and organic nature. Lavender extracts in form of
oil has wide application in products of cosmetic industry such as in
perfumes, skin care, and hair care and in many other beauty care
products. Demand for lavender oil is also growing from food and
beverage and pharmaceutical industry. In food and beverage industry,
lavender extracts oil has primarily demand as a food flavoring like
in dairy products, tea, culinary herb, jelly etc. and in
pharmaceutical industry, lavender extracts oil is used for therapies,
dermatitis, diabetes, cold, asthma, insect repellant and for many
other purposes. The global lavender extract market is also segmented
on the basis of form primarily into powder, liquid and others. Among
these, oils segment is expected to fuel the lavender extract market
over the forecast period. Among these industries, the cosmetics
industry is expected to increase significantly followed by
pharmaceuticals industry. Hence, the global lavender extract market
is expected to significantly increase the revenue contribution over
the forecast period.
Global
Lavender Extract Market: Regional Outlook
Geographically,
the global Lavender extract industry can be divided by major regions
which include North America, Latin America, Europe, Asia Pacific,
Middle East and Africa. Globally, among all regions, Western Europe
has developed as the most dominant region followed by Asia Pacific in
global lavender extract market. Increasing usage of oils in skincare
products extracted from lavender flower coupled with rise of lavender
extracts in processed food has strengthened the growth of global
lavender extract market and hence is projected to significantly
expand the revenue contribution of the market over the forecast
period.
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Global
Lavender Extract Market: Growth Drivers
The
global lavender extract market driving factors are increasing demand
for natural ingredients of lavender extracts in processed foods is
important driving factor. Major driver behind increasing demand of
lavender extracts in current market scenario is due to its fragrance
and flavored eminence. Nowadays consumers are mostly influenced
towards that product which has natural quality, organic in nature and
also good for their health, due to which it has higher demand among
growing economies of world. On the other side as per the current
market trend, lavender extract oil is trending in market because of
its wide application in body care and beauty care products. This oil
is mostly used in body creams, lotions, soaps, perfumes and many
other cosmetic products. In addition to this, lavender extract oil is
also gaining demand from specialty food industry where consumers
preferred to buy food and beverages which are rich in terms of
natural ingredient, natural flavor, taste, aroma etc.
Global
Lavender Extract Market: Players
Some
of the key players identified across the value chain of the global
Lavender extract market includes Young Living Essential Oils, TERRA,
NOW Foods, Ovvio Oils, Enio Bonchev, Alteya Group, Alpha Aromatics,
Mother Herbs Private Limited, Sydney Essential Oil Co. Pty Ltd and
NHR Organic Oils and others. The companies are expected to expand
their business by enhancing their product portfolio in global
Lavender extract market. The companies are projected to frame certain
strategies in future in order to gain the competitive advantage in
global lavender extract market till 2025.
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