Global Ylang-Ylang Market

Ylang-Ylang Market Size, Share, Growth Analysis, By Nature(Organic, Conventional), By Extract Type(Oil, Powder, Others), By Application(Food, Beverages, Medical, Personal Care), By Distribution Channel(Online, Offline), By Region - Industry Forecast 2024-2031

Report ID: SQMIG30L2230 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 117 | Figures: 77

Ylang-Ylang Market Insights

Ylang-Ylang Market size was valued at USD 37.9 million in 2019 and is poised to grow from USD 40.02 million in 2023 to USD 57.86 million by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

Essential Oils are gaining massive momentum due to its inclusion in various end user industries recently. Ylang ylang is derived from a herbal flower known as Cananga odorata genuina. Its aesthetically pleasing smell and benefits makes it ideal for a number of end uses. Global ylang ylang market will grow during the forecast period as they promote relaxation, reduced head lice, increased stamina, lower blood pressure, improved memory and thinking skills. It is also popularly used in food additives and beverages. Additionally, it finds application in cosmetic and skincare products used worldwide.

Plant based products are shaping the future of the market as an increasing number of people are turning towards conscious consumerism and ethical consumption.

According to a thorough review of the ylang-ylang extract market demand, items in the food and beverage industry have seen increased demand due to the proven and alleged health advantages of ylang-ylang. Rising interest in meat and dairy substitutes has also improved market possibilities.

Numerous research has shown that ylang-ylang extracts are quite effective in treating stomach upset, rheumatism, gout, and headache. Numerous investigations have also discovered that the products are effective in easing various diseases as well as anxiety.

US Ylang-Ylang Market is poised to grow at a sustainable CAGR for the next forecast year.

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Ylang-Ylang Market size was valued at USD 37.9 million in 2019 and is poised to grow from USD 40.02 million in 2023 to USD 57.86 million by 2031, growing at a CAGR of 5.6% in the forecast period (2024-2031).

The market is fragmented in nature. The prominent players operating in the market are constantly adopting various growth strategies in order to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. The key market players are also constantly focused on R&D in order to supply industries with the most efficient and cost-effective solutions. 'Albert Vieille SAS', 'Farotti Essenze SRL', 'Frager S.A', 'Mane SA', 'Robertet Group', 'Symrise AG', 'T. Hasegawa Co. Ltd.', 'Ultra international B.V.', 'Givaudan SA', 'International Flavors and Fragrances Inc.', 'Firmenich SA', 'Sensient Technologies Corporation', 'Kerry Group', 'Takasago International Corporation', 'Cargill, Inc.', 'Takamatsu Kagaku Co., Ltd.', 'Huabao International Holdings Limited', 'BASF SE', 'Dupont De Nemours, Inc.', 'Archer Daniels Midland Company (ADM)'

Consumers are paying more attention to their own personal well-being today since they are becoming more health-conscious. The general public is aware that getting enough water and nutrients is important for human health, both for survival and for maintaining a fit body. As a result, people are changing their diets to include more plant-based products and foods in order to stay active and fit. Despite the fact that vegetarians and vegans are more likely to eat plant-based alternatives to meat or dairy. Additionally, a sizable portion of the market is made up of flexitarians and omnivores, who will probably fuel demand for plant-based products. Further, due to the ongoing trend of sustainability, consumers today also favor plant-based products that have information about environmental claims on their packaging. Plant-based foods aid in constructing a robust immune system that defends against a variety of infectious diseases. These plant-based compounds, such ylang-ylang extracts, rose extracts, and others, are also used to flavor food.

Consumer preference for organic and natural ingredients in cosmetics and personal care products has been a trend in recent years. This continued tendency has caused customers' purchase criteria to change. Consumer demand for natural or organic products is rising as a result of increased awareness, putting pressure on manufacturers of flower extract to supply natural component combinations or organic products. As public concern for the environment and people's health grows, so does the need for eco-friendly cosmetics. Sustainable products that benefit both the consumer and the environment are becoming increasingly popular with socially conscious consumers all around the world. The demand for natural and organic ingredients like floral extracts in cosmetic and personal care products is rising as a result.

In 2021, Asia-Pacific is expected to have the biggest market share of 42.0%. Throughout the forecast period, Asia-Pacific is anticipated to account for a sizable portion of the market. This is explained by the population's propensity for improved lifestyles and well-being. Along with this, the major firms are also addressing the region's untapped market, which draws a sizable consumer base and helps the players establish themselves in the market. Additionally, it is predicted that Europe would account for a sizeable portion of the industry. The efforts in nations like France and Germany are responsible for the regional growth. The majority of the citrus and peppermint oils used in the food and beverage industry are imported from these nations. Additionally, the European Union runs a number of healthcare initiatives to increase public awareness of the use of essential oils and the creation of medicinal drugs which in turn will enhance the growth of the market in the coming years.

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Global Ylang-Ylang Market

Report ID: SQMIG30L2230

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