About Lavender Extract
Lavender also known as Lavandula is a type of flowering plant from the mint family. The plant is geographically found across the world from Europe to all the way till South East Asia in India. The plant is naturally known for its rich aromatic smell as well as for ancient medical applications especially for healing. The lavender extract is available in market in the forms of absolutes, blends and concentrates. They are used for a variety of applications, but most notably as ingredient of cosmetic products, fragrances as well as for cooking and baking applications. Currently, Europe is the biggest market of the lavender extract, followed by Asia Pacific region.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Lavender Extract market companies operating in these industries are focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
doTERRA International, LLC (United States), International Flavours and Fragrances Inc. (United States), Intergrow Brands Pvt. Ltd. (India), China Boton Group (China), Firmenich SA (Switzerland), Takasago International Corporation (Japan), Givaudan SA (Switzerland), Aromaland Inc. (United States), Symrise AG (Germany) and Young Living Essential Oils (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Sydney Essential Oil Co (Australia), NHR Organic Oils (United Kingdom) and Mother Herbs Private Limited (India).
Segmentation Overview
AMA Research has segmented the market of Global Lavender Extract market by Type (Absolutes, Concentrates and Blends), Application (Therapeutics, Personal Care, Cosmetics, Aromatherapy, Food and Beverages and Others) and Region.
On the basis of geography, the market of Lavender Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel , the sub-segment i.e. Direct will boost the Lavender Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging , the sub-segment i.e. Glass Bottle will boost the Lavender Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Cooking and Baking Applications for Lavender Extract are rising in Popularity
Market Growth Drivers:
Increasing Demand for Natural Flavors and Fragrances and Growth in the End User Industries
Challenges:
Presence of Adulterated or Contaminated Products in Market
Restraints:
Emergence of Lot of Local and Global Players in the Market
Opportunities:
Personal Care specifically Fragrances has Huge Opportunities to Grow
Market Leaders and their expansionary development strategies
In 2019, Givaudan SA, a Swiss multinational manufacturer of fragrances, flavors as well as active cosmetic ingredients has announced acquisition of Albert Vieille, which is a French manufacturer of natural ingredients. This natural ingredients made by Albert Vieille is used in perfumery and aromatherapy. The acquisition deal will strengthen the Swiss Givaudan’s market standing.
In 2020, New Wave Holdings Corp., an investment issuer as well as capital and support services provider has announced acquisition of Way of Will Inc., which is a Canada based manufacturer of Aromatherapy products. This deal will allow Way of Will to further expand both its product portfolio as well as expand its market geographically.
Key Target Audience
Lavender Extract Manufacturers, Suppliers and Distributors, Raw Material Suppliers, New Entrants/Investors, Venture Capitalists and Private Equity Firms and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.