The global jasmine extract market has been experiencing a blossoming trajectory, poised for substantial growth in the coming decade. Valued at US$ 77.4 million in 2022, the market is projected to surge at a notable CAGR of 9.8%, reaching an estimated value of US$ 196.2 million by the end of 2032. As consumer preferences veer towards natural and healthy ingredients, jasmine extract, with its myriad applications and nutritional benefits, emerges as a frontrunner in various sectors, from cosmetics to food and beverage.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=84785

Key Players and Market Developments
Some of the key players in the market include Norex Flavours Private Limited, Mane KANCOR, VedaOils, Synthite Industries Ltd., Organoveda, Norex Flavours Private Limited, Aromaaz International, Floral Essential Oil, NATURE SPARSH HEALTH CARE, OLD TREE, Ji'An ZhongXiang Natural Plants Co.,Ltd, Kush Aroma Exports, INDIA AROMA OILS AND COMPANY, AVI Naturals, Flavor & Extract Manufacturers Assoc., etc.

Market Dynamics:

The conventional segment dominates the jasmine extract market, accounting for approximately 85.2% of the market volume share in 2022. Within the end-use segment, the cosmetic & personal care sector holds a significant value share of around 39.6%, valued at US$ 30.6 million in 2022. This segment is anticipated to witness a steady growth rate of 9.4% during the forecast period. Supercritical fluid extraction (SCFE) emerges as the leading extraction method, holding a value market share of 33.5% in 2022 and expected to reach US$ 66.5 million by 2032.

Market Trends:

Jasmine extract finds extensive application in various sectors, fuelling its consumption worldwide. In the cosmetic industry, it is revered for its ability to restore skin luster and balance moisture, offering a natural solution for dry and acne-prone skin. Moreover, its aroma is utilized in aromatherapy to boost energy levels and stimulate emotional well-being.

The nutritional value associated with jasmine extract, coupled with rising consumer awareness regarding health benefits, is propelling market growth further. Rich in antioxidants such as catechins and polyphenols, jasmine extract is sought after for its anti-inflammatory properties, aiding in the prevention of chronic diseases like arthritis and cancer.

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