The global lotus extract market is witnessing significant growth, propelled by its diverse applications across industries such as cosmetics, pharmaceuticals, and food and beverages. Valued at US$ 69 million in 2022, the market is projected to soar to US$ 168.7 million by the end of 2032, exhibiting a robust CAGR of 9.3%. With Europe leading the charge in market share and increasing demand for lotus extract in various end-use applications, the lotus extract market presents lucrative opportunities for industry stakeholders.

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Key Players and Market Developments
Some of the key players in the market are Mane KANCOR, HDDES, Naturex, Manohar Botanical Extracts Pvt. Ltd., Veda Oils, Texas Natural Supply LLC, Carrubba, Vivaan, Mother Herbs Private Ltd., Omkar Herbals, Herbadiet, Hawaii Pharm LLC, etc.

Market Dynamics:

In the lotus extract market, the business-to-business segment dominates the distribution channel, with a market value of US$ 47.4 million in 2022. This segment is expected to continue its growth trajectory, driven by increasing demand from various industries. The conventional segment holds a significant market share, expected to reach US$ 132.5 million by 2032, owing to its widespread adoption and versatility across applications.

Market Trends:

One of the key trends shaping the lotus extract market is the rising demand in cosmetics and personal care products. Lotus extract is gaining popularity as a skincare ingredient, offering antioxidant, anti-inflammatory, and skin-nourishing properties. With consumers increasingly seeking natural and botanical ingredients in their skincare routines, lotus extract emerges as a favored choice, contributing to improved skin texture and hydration.

Moreover, the pharmaceutical industry is witnessing a surge in demand for lotus extract, attributed to its diverse medicinal properties. From weight loss supplements to cardiovascular health, lotus extract offers a wide range of benefits, including antioxidant effects, blood pressure regulation, and menstrual bleeding management. This growing demand from the pharmaceutical sector further fuels the expansion of the lotus extract market.

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