Jasmine Oil Market: Current Analysis and Forecast (2022-2030)

Jasmine Oil Market: Current Analysis and Forecast (2022-2030)

Jasmine Oil is an essential oil that is derived from the flowers of the Jasmine plant. The Jasmine plant is a flowering vine that is native to tropical and subtropical regions of the world, including India, China, and some other Asian countries. The flowers of the Jasmine plant are typically harvested by hand, and the oil is extracted through a process of steam distillation. The Jasmine Oil market is currently experiencing a bullish trend, driven by the increasing demand for natural and organic products, the growing popularity of aromatherapy, and the rising consumption of cosmetics and personal care products.

The jasmine oil market is expected to grow at a steady rate of around 6% owing to the increasing awareness of the health benefits of jasmine oil is also contributing to the growth of the market. Jasmine oil is known to have antibacterial, antifungal, and antioxidant properties, which makes it a popular ingredient in the cosmetic and personal care industry. Furthermore, jasmine oil is being researched for therapeutic applications, such as its antimicrobial, anti-inflammatory, and antioxidant properties. These findings can drive demand for jasmine oil in the medical and wellness industries.

• Based on type, the market is bifurcated into jasminum grandiflorum and jasminum officinale. The Jasminum grandiflorum category is to witness a higher CAGR during the forecast period. Due to its exceptional fragrance and high demand in various industries. The distinct, sweet floral scent of Jasmine grandiflorum makes it a preferred choice for perfumes, cosmetics, and aromatherapy products which will further drive the growth of the market.
• On the basis of application, the market is categorized into personal care, food and beverage, pharmaceuticals, and others. Among these, personal care held a significant share of the market in 2021. This is mainly due to the increasing demand for natural & organic personal care products such as soaps, shampoos, & perfumes due to their pleasant aroma. Furthermore, the versatility of jasmine oil and its various therapeutic properties have also made it a popular ingredient in personal care products, further contributing to its growth.
• Based on distribution channel, the jasmine oil market has been classified online and offline. The offline category is to witness higher adoption of jasmine oil during the forecast period. This is mainly due to the increasing number of health & wellness stores and spas that offer jasmine oil-based products is also driving the growth of the offline segment. In addition, the rising demand for natural and organic beauty products, as well as a growing awareness among consumers contribute to the growth of this market.
• For a better understanding of the market adoption of the jasmine oil industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the significant demand for the product in the cosmetics and personal care industry. The increasing awareness among consumers regarding the benefits of natural and organic products, as well as the growing demand for high-quality and authentic products, are driving the growth of the jasmine oil market in the region. Additionally, the increasing number of health & wellness centers and spas that offer oil-based products and therapy is also driving the growth of the market.
• Some of the major players operating in the market include Norex Flavours Private Limited; Mane KANCOR; VedaOils.com; Organoveda; aromaazinternational.com; Floral Essential Oil; OLD TREE; JIANGXI PROVINCE FOREIGN TRADE PROMOTION CENTER; Kush Aroma Exports; INDIA AROMA OILS AND COMPANY

The jasmine oil market was valued USD 85.85 Million in year 2021 and is expected to grow at a strong CAGR of around 6% during the forecast period (2022-2030) owing to the growth of the spa and wellness industry worldwide creates opportunities for jasmine oil as it is used in massages, facials, and other spa treatments. Moreover, jasmine oil is widely used in aromatherapy due to its calming and relaxing properties, which help to reduce stress and anxiety. The growing awareness of the benefits of aromatherapy and the increasing demand for natural and organic aromatherapy products have contributed to the growth of the Jasmine Oil market. Furthermore, jasmine oil is also widely used in the cosmetics and personal care industry. It is commonly used in skincare products, hair care products, and perfumes due to its pleasant aroma. The increasing demand for natural and organic personal care products has also contributed to the growth of the Jasmine Oil market. Also, Continuous research and development efforts to improve the quality, purity, & formulation of jasmine oil products, increasing consumer awareness, Jasmine oil is being researched for therapeutic applications, such as its antimicrobial, anti-inflammatory, and antioxidant properties. These findings can drive demand for jasmine oil in the medical and wellness industries.

Some of the major players operating in the market include Norex Flavours Private Limited; Mane KANCOR; Dabur International Limited; Parachute Advansed; aromaazinternational.com; Floral Essential Oil; OLD TREE; Jiangxi Hairui Natural Plants Co., Ltd.; Kush Aroma Exports; INDIA AROMA OILS AND COMPANY Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
 
Insights Presented in the Report

“Amongst application, the food and beverage category is expected to grow at the fastest rate during the forecast period”

Based on application, the market is segmented into personal care, food and beverage, pharmaceuticals, and others. Amongst these, the food and beverage category is expected to grow at the fastest rate during the forecast period. This is due to its wide applications in the food and beverage industry for its fragrance and flavoring properties. It is used in a variety of food and beverage products, such as tea, coffee, bakery products, and confectionery. The increasing demand for natural and organic food and beverage products is also driving the growth of the jasmine oil market in this industry.

“Amongst distribution channel, the online category held the majority share of the market in 2021”

By distribution channel, the market is bifurcated into online and offline. Among these, the online category captured the majority share of the jasmine oil market in 2021. This is mainly due to the increasing popularity of e-commerce platforms and the growing number of online retailers offering jasmine oil-based products that are driving the growth of the online segment. Moreover, the convenience and accessibility of online shopping are also contributing to the growth of the online segment. For instance, Robertette launched a brand-new online sales platform for essential oil in September 2022. This platform provides a variety of essential oils, vegetal oils, and floral waters, with absolute CO2 extracts.

“China Dominated the Jasmine Oil Market in 2021”

The growing demand for the product in the cosmetics and personal care industry. The increasing awareness among consumers regarding the benefits of natural and organic products, as well as the growing demand for high-quality and authentic products, are driving the growth of the jasmine oil market in the region. In addition, the increasing number of health and wellness stores and spas that offer jasmine oil-based products is also driving the growth of the market. China is the largest market for jasmine oil in the region, with significant demand for the product in the cosmetics and personal care industry.

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