Jasmine Oil Market : Current Analysis and Forecast (2022-2030)
Emphasis on Type (Jasminum Grandiflorum and Jasminum Officinale); Application (Personal Care, Food and Beverage, Pharmaceuticals, and Others); Distribution Channel (Online and Offline); and Region/Country
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.
Jasmine Oil Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global jasmine oil market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to contact us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Jasmine Oil Market Analysis (2022-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Jasmine Oil Market were the three major steps undertaken to create and analyze the adoption of smart homes in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global Jasmine Oil Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Jasmine Oil Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Jasmine Oil Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, application, and distribution channel. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Jasmine Oil Market. Further, we conducted factor analysis using dependent and independent variables such as type, application, and distribution channel of the Jasmine Oil Market. A thorough analysis was conducted of demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Jasmine Oil Market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Jasmine Oil Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Jasmine Oil Market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Jasmine Oil Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Jasmine Oil Market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the type, application, distribution channel in the global Jasmine Oil Market.
The main objective of the Global Jasmine Oil Market Study
The current & future market trends of the global Jasmine Oil Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Jasmine Oil Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
- Segments in the study include areas of the type, application, and distribution channel.
- Define and analysis of the regulatory framework for the smart home
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the Jasmine Oil Market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Jasmine Oil Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
- Deep dive regional level analysis of the industry
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