Lavender Extracts Market Size, Share and Analysis By Type (Powder, Liquid), By Applications (Cosmetics, Food & Beverages, Pharmaceuti-cals)and Regional Forecast, 2024-2032

Lavender extracts are the essential crude mixtures derived from the lavender flower using the solvent such as ethanol and water. It has high demand among consumers across the globe due to its natural and organic properties. The growing popularity of natural plant-based extracts also increases the demand for lavender extracts in the market.

Over the years, the role of lavender derivatives in food and beverage, pharmaceuticals, and cosmetics has also spiked at a higher pace. Furthermore, the driving factors responsible for the rise in demand for lavender extracts are its natural quality and health benefits. The health benefit properties further helps to strengthen the revenue of the global lavender market.

Lavender extracts are the excellent source of phytochemicals, such as carotenoids and flavonoids, which majorly drives its demand in the market. Also, it is used as a flavoring agent and thus gaining more demand from the food industries. It also helps in reducing stress, and anxiety levels, and soothes the sleep cycle. The importance of lavender extract has poised the market rate due to the rising awareness about health and wellness and healthy dietary options amongst the consumers. The presence of large number of lavender extract companies in the market, such as Young Living Essential Oils, TERRA, NOW Foods, Ovvio Oils, Enio Bonchev, Alteya Group, Alpha Aromatics, Mother Herbs Private Limited, Sydney Essential Oil Co., Pty Ltd, and NHR Organic Oils, further boosts the market in the coming years.

Impact of COVID-19 on Lavender extract market

Due to the viral pandemic outbreak, a sudden drift has been observed in the consumers' choices for healthy and organic or natural dietary options, which in turn, raised the overall demand for the lavender extracts. Certain hurdles were faced by the manufacturing and supply chain, which has impacted the consumers' consumption pattern. Therefore, the beneficiaries of the lavender extracts have necessitated individuals to opt for such products in the upcoming years.

Key Insights

The report will cover the following key insights:

• Overview of parent/related market


• Drivers, restraints, and opportunities


• Key Trends and Innovations


• Regulatory Analysis


• Impact of COVID-19 on the Lavender Extracts Industry

Analysis by Applications

Based on the application, the lavender extract market is segregated into food and beverages, cosmetics, and pharmaceuticals. Lavender extracts are widely used in the food and beverage industries, especially as a flavoring agent. In addition, lavender or lavender extracts are also used in pharmaceuticals for treating diabetes, asthma, insomnia, dermatitis, and cold. Lavender extracts are also well-known for their use in the cosmetics industry, such as hair care, perfumes, and other beauty products. The change in the lifestyle and growing awareness about the natural products are the major factors for the rise in demand for the lavender-based extract market.

Regional Analysis

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Western Europe accounts for the highest revenue share of the global lavender extract market. An increase has been witnessed in demand for natural lavender extracts, specifically due to growing health-consciousness among consumers and rising awareness regarding natural and organic plant extracts. Thus, the growing consumer shift towards natural and organic products boosts the expenditure on botanical extracts.

Key Players

This report includes the profile of prominent players such as Young Living Essential Oils, TERRA, NOW Foods, Ovvio Oils, Enio Bonchev, Alteya Group, Alpha Aromatics, Mother Herbs Private Limited, Sydney Essential Oil Co., Pty Ltd, and NHR Organic Oils and others.

Segmentation

Key Industrial Developments

• February 2022, a leading personal beauty care brand, Trycone, has launched three new varieties of skin serums under its range of skin products. Such products are enriched with natural and artificial chemicals such as Niacinamide, Hyaluronic acid, Salicyclic acid, Lavender Oil, Mulberry, and Turmeric extracts.


• February 2022, Buddha Teas has launched two CBD teas and three functional teas such as CBD Cacao Fusion, CBD Sleepy Buddha Blend, Echinacea Elderberry Blend, Meditation Moment, and Throat Bliss Blend. These new drinks are rich in chamomile, lavender, licorice, spearmint, and others.