According to Future Market Insights research, during the projected period, the Global Jasmine Officinale market is expected to grow at a CAGR of 5.4%. The market value is projected to increase from US$ 364.5 Million in 2022 to US$ 599.4 Million by 2032. The Jasmine Officinal was valued at US$ 345.5 Million at the end of 2021 and is anticipated to exhibit CAGR growth of 5.1% in 2022.
| Attributes | Details |
|---|---|
| Market Size Value in 2022 | US$ 364.5 Million |
| Market Forecast Value in 2032 | US$ 599.4 Million |
| Global Growth Rate (2022 to 2032) | 5.1% CAGR |
| Forecast Period | 2022 to 2032 |
| Market Share of the Uk in Europe | 5.4% |
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Jasminum officinale is flower species, commonly known as jasmine and belongs to the olive family of flowering plants. It has a very good scent and sharp pointed pinnate leaves and is used as an extract and as well as its oil extracted from Jasmine (Jasmine) has wide applications in the cosmetic and healthcare industry. Asia-Pacific countries are the largest producers of this flower species in the world.
It is evident from historical data for the global jasmine officinal market that growth and consumption have significantly increased in recent years. This is due to a variety of causes, including the rising demand for items made with jasmine, the expansion of the nations where jasmine is grown, and the rising accessibility of jasmine oil.
There are various reasons to think that this tendency will continue in the future. First, as more people become aware of jasmine's numerous advantages, the demand for products containing it is anticipated to increase globally. Second, new production methods should increase yields while decreasing expenses, making jasmine more accessible to buyers all around the world.
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For making different cosmetic products, body care creams, perfumes, or for enhancing essence Jasmine Officinale oil is consumed. The jasmine flower has been used for centuries in perfumes and cosmetics. The oil from the jasmine flower is said to have many benefits for the skin, including reducing wrinkles and evening out skin tone. Jasmine officinale oil is also known to be an effective antidepressant and can help to improve mood.
Jasmine officinale is grown in many parts of the world, including Europe, Asia, and Africa. The plant prefers warm climates and does not tolerate frost. In colder regions, it is grown as an annual or indoors as a houseplant. The cultivation of jasmine officinale has many benefits for farmers. One of the most crucial reasons to grow this plant is for profit. The essential oil extracted from jasmine officinale flowers is very valuable. A single kilogram can sell for upwards of $500.
There are three main chemical compounds found in Jasmine Officinale oil: benzoic acid, benzaldehyde, and jasmone. All three of these compounds are essential to the oil's unique fragrance. Benzoic acid is the primary component of Jasmine Officinale oil, making up about 60-70% of the oil's composition. Benzaldehyde is responsible for the floral aroma of the oil, while jasmone adds a sweet, fruity note to the scent. Jasmine Officinale oil is used in a variety of cosmetics and perfume products due to its unique, pleasant scent. The oil can be used on its own or blended with other oils to create custom fragrances.
Based on the labor of numerous regional plants, the Jasminum officinale market is divided into seven geographical regions: North America, Latin America, Western Europe, Eastern Europe, the Asia-Pacific region, the Middle East, and Africa.
China and India dominate the Asia-Pacific Jasminum officinale market due to their great supply. In the essential oil segment, jasmine officinale is also known as the king of oils and is extracted from a solvent extraction process. Asia-Pacific countries are the largest producers of jasmine officinale in the world.
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Demand for sustainably sourced Jasmine Officinal is growing among various manufacturing industries including cosmetic care and clothing, food, food service, and retail. The main driver of the global market for Jasmine Officinal is the increasing consumption of Jasmine Officinal among various sectors around the world.
The projected sale of Jasmine Officinal through Jasmine Officinal is expected to increase the success of this product line worldwide.
Investments in environmentally friendly or naturally grown products are expected to drive the demand for Jasmine Officinal on the open market, which in turn will taxable years as an organization in the Jasmine Officinal business.
Jasminum officinale market is divided into seven geographical areas based on regional outlook: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East, and Africa. China and India are the two largest Jasminum officinale-producing nations in the Asia-Pacific area in terms of production. On the other hand, rising demand for cosmetic, herbal, and personal care products in the European region throughout the predicted period boosts market expansion.
DRIVERS: Manufacturers in the cosmetic sector are a major factor influencing the demand for Jasminum officinale because it is a key component used in cosmetic products due to its pleasant scent and all-natural fragrance.
In contrast, this product is also in high demand in the market since people who care about their health often look for cosmetics created with natural ingredients and without negative effects. Jasminum officinale is also growing in popularity for medicinal uses, where its oil is mostly used in treatments for skin conditions, ulcers, itching, and other health issues.
| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2032 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD Million for Value and Units for Volume |
| Key Regions Covered |
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| Key Segments Covered |
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| Report Coverage | Market Forecast, Company Share Analysis, Competitive Landscape, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The global Jasmine Officinal market will reach a valuation of US$364.5 Million by the end of 2022.
The global Jasmine Officinal market is forecasted to surpass US$5.1% Million by the end of 2032.
USA, Germany, Japan, and China are the major countries driving demand for Jasmine Officinal Market.
The US Jasmine Officinal Market is contributing 38 % of the total market share which values at US$ 38 % Million.
The UK Jasmine Official market is expected to register a 5.4% CAGR between 2022 and 2032.
The demand for Jasmine Officinal is expected to grow at a 4.1% CAGR between 2022 and 2032.
The India Jasmine Officinal market will grow at 5.5% CAGR between 2022 and 2032.
The global Jasmine Officinal market will reach a valuation of US$ 364.5 Million by the end of 2022.
The North American Jasmine Officinal Market is contributing 38 % of the total market share which values at US$31.8 % Million.
In Germany Jasmine Officinal Market is contributing 25.6% of the total market share which values in the year 2022.
The demand for Jasmine Officinal is expected to grow at 2.4% % of the global market share value which valued in the year 2022.
The Japan Jasmine Officinal market will grow at 9.2% global market share value which values in the year 2022.
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Jasmine Officinale Market
