Lavender Extracts Market Forecasts to 2028 – Global Analysis By Form (Powder, Oil and Other Forms), By Dilution (Absolutes, Concentrates and Other Dilutions), By Application (Therapeutics, Aromatherapy and Other Applications), Distribution Channel and By

Lavender Extracts Market Forecasts to 2028 – Global Analysis By Form (Powder, Oil and Other Forms), By Dilution (Absolutes, Concentrates and Other Dilutions), By Application (Therapeutics, Aromatherapy and Other Applications), Distribution Channel and By Geography.

According to Stratistics MRC, the Global Lavender Extracts Market is accounted for $121.56 billion in 2022 and is expected to reach $183.49 billion by 2028 growing at a CAGR of 7.1% during the forecast period. Lavender Extract is one of the most extensively used and adaptable aromatherapy essential oils. It is extracted from the flower spikes of lavender species through distillation process such as steam distillation, hydro-distillation, and solvent extraction. It is used in massage therapy to induce relaxation by contacting the skin directly and it is used to treat anxiety, fungal infections, allergies, depression, insomnia, eczema, nausea, and menstrual cramps. It also possesses anticancer properties and is used to treat skin conditions such as acne, wrinkles, and psoriasis etc. Lavender oil is frequently used in the food and beverage industry, fragrance industry, personal care sector as well as in the pharmaceutical industry, where it is used in therapies hence all these factors are expected to boost the market growth.

According to the Journal of Resources 2019, the research conducted to know green consumer behavior in cosmetics market and the research result shows that 70% of the participants want to buy natural cosmetics. 56% of them want to buy brands that are new to the cosmetics market. 70% of the participants are willing to pay extra for a natural cosmetic made of natural ingredients.

Market Dynamics:

Driver:

Increasing demand for cosmetics with natural ingredients

Skin care products are one of the important segments in the overall cosmetic products. The growth of the skin care products with natural ingredients and extracts is likely to be driven by various factors. Increasing obsession towards fair complexion among the youth and women population, and rising instances of social discrimination based on skin colour is driving the growth of the skin care products with natural extracts. Organic skin care products are manufactured from natural ingredients extracted from plants, herbs and flowers under eco-friendly conditions. Growing urbanization, rising concerns for health safety, increasing go green consciousness and growing consumer awareness towards the hazards of synthetic chemicals has driven the demand for organic skin care products. All the factors are expected to boost the overall growth of lavender extracts market at a global level.

Restraint:

Strict regulations

Regulatory authorities are providing standards and regulations for products involving botanical extracts for consumer safety. Key players in the lavender extracts market are required to fulfil the rules and regulations set by the government. The concerned authorities are responsible for controlling permits, setting regulations for the entry of new players, residual management issues, and inspection of expiry dates for certain products like essential oils and herbal formulations. The type of products that can be introduced in the market, the amount of ingredients that can be used, and the labelling criteria for various ingredients those are to be mentioned on product labels. In addition, the lavender extracts used for manufacturing products needs to be tested before and it should be regarded as generally recognized as safe. All these regulatory authorities keep a close eye on natural extract manufacturers to provide safe and high-quality products for human consumption. All these procedures consumes more time hence making it a major restrain for the market growth.

Opportunity:

Consumer inclination towards aromatherapy

Aromatherapy is expected to expand at a high pace in the coming years. Increasing consumer inclination towards therapeutic uses of essential oils has led to the growth of the aromatherapy. There are various factors driving the growth of the market. For example, a large pool of the patient population opting for essential oils and carrier oils for aromatherapy massages, which is expected to boost the growth of the aromatherapy products market which involves the lavender extracts. Growing sales of essential oils for home usage is a key factor responsible for enhancing the revenue of the lavender extracts.

Threat:

Side effects

Even though lavender extracts has numerous number of benefits it also involves some serious complications as well as side effects such as constipation, diarrhoea and headache when taken by mouth. When it is used or applied for the skin it may cause skin infection. It can also slow down the central nervous system hence it is safe not to use lavender when under surgery. The lavender oil is also considered as endocrine disruptor which hinders the overall market growth.

Covid-19 Impact

Due to Covid-19 pandemic outbreak sudden drift has been observed in the consumer’s choices regarding healthy and organic, natural dietary options, which in turn, raised the overall demand for the lavender extracts. Certain hurdles were faced by the manufacturing and supply chain, which has impacted the consumer’s consumption pattern. Therefore, the beneficiaries of the lavender extract have necessitated individuals to opt for such products in the upcoming years. Moreover, the lowered demand for botanical extracts is creating hesitation in the transportation industry. The governments of various countries have forced strict containment and preventive measures to control the impact of the outbreak resulting in restricted transportation of raw materials across the globe. Therefore, a demand and supply gaps formed, resulting in the condensed production of pharmaceutical, personal care, and aromatherapy products. This tendency is expected to continue owing to the uncertainty in the global market.

The Oil segment is expected to be the largest during the forecast period

The Oil segment is estimated to have a lucrative growth, due to its numerous health benefits as well as skin benefits such as, it help with everything from stress to sleep, hormone health to home cleaning, and beyond. The lavender oil is extracted by a steam distillation process, in which the flowers are steamed, the steam is captured, and the oil is separated and collected from the water and hence used in various purposes. The major reasons why the lavender oil is mostly used is due to its stress management property as well as its fungal infection combating property, due to which there is a significant growth in the global market.

The Aromatherapy segment is expected to have the highest CAGR during the forecast period

The Aromatherapy segment is anticipated to witness the fastest CAGR growth during the forecast period, due to its extensive usage in improving physiological and physical well being. Aromatherapy is often offered as a complementary therapy or as a form of alternative treatment. Aroma therapists utilize various blends of therapeutic essential oils that can be used as a topical application, massage, inhalation or water immersion, aromatherapy with lavender oil helps in treating anxiety, depression and ease certain pains including kidney stones, osteoarthritis and helps in maintaining skin health. All these Factors help in boosting the lavender extracts market.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to expanding consumption of natural components in cosmetic goods, new product releases, and rising income levels. Several causes, including growing worries about aging, UV damage, and hair loss, are anticipated to promote expansion in these areas. Furthermore, consumers in these areas are ready to spend large sums of money on personal care and cosmetics, which is expected to contribute to revenue growth in the region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to the busy lifestyle of individuals in these regions creates more demand for lavender extracts due to its soothing action to the body. Individuals feel relaxed and peaceful with this treatment. Also, the awareness about skin benefits provided by the lavender oil is massive in Europe. Its health and mental benefits attract more customers in aromatherapy market Europe region. Also, it is the region with the highest essential oil sales. The growth of online shopping is creating more opportunities for the lavender extracts market.

Key players in the market

Some of the key players profiled in the Lavender Extracts Market include Alteya Group , Alpha Aromatics, NOW Foods, Ovvio Oils, Biolandes, Enio Bonchev Productions Ltd, Young Living Essential Oils, Mother Herbs Private Limited, NHR Organic Oils, Ultra International B.V., Essential Oils and herbs Ltd., Bontoux SAS .

Key Developments:

In Nov 2022, Alteya Organics announces the establishment of a London office and the UK launch of its Award-Winning Organic Rose Otto Regenerating Concentrate. They are excited to establish an office in one of the most important markets in Europe. This will allow them to offer fast delivery, better service and lower pricing in the UK. Their extensive experience in Europe combined with the focus on creating the finest certified organic beauty care will be a perfect fit for the UK beauty market.

In April 2022, Young Living announced partnership with Utah Scientists for Pioneering Bee Research Project. The research project, which will start at Young Living’s farms in Mona, Utah and Simiane-la-Rotonde, France, will study native bee species at both locations and provide much-needed insights to help these bee populations thrive. With learning’s from this research, Young Living will be able to make landscaping changes at its farms to better suit these native bee species.

Forms Covered:
• Powder
• Oil
• Other Forms

Dilutions Covered:
• Absolutes
• Concentrates
• Blends
• Other Dilutions

Applications Covered:
• Therapeutics
• Aromatherapy
• Cosmetics
• Personal Care
• Food & Beverages
• Other Applications

Distribution Channels Covered:
• Health & Beauty Stores
• Pharmacy
• Drug Stores
• Online Retailing
• Other Distribution Channels

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements