Lavender oil is an essential oil, obtained from the extraction of the flowers of lavender, also known aslavandula oil. Lavender oil extract is the collection of crucial crude mixtures from extraction of various parts of lavender flower, which is extracted by using solvent for instance ethanol or water. Among all the essential oils, it is the most versatile & expensive one. This product is popular in the cosmetic sector as it is used for the purpose of fragrance and in food industry lavender oil is used for flavoring purpose in dairy products, culinary herb, jelly andtea. It also finds applications in the pharmaceutical industry where it is used in the therapies,diabetes, dermatitis, insect repellant, cold, asthma, and for many other purposes.
According to study, “Global Lavender Essential Oil Extract Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” the key companies operating in the global lavender essential oil extract market areZen Supplements Ltd., Sun Bio Naturals India Private Limited, Xi'an DN Biology Co., Ltd.,Vietgo Company Limited, Wuhan Vanz Pharm Inc., SNN Natural Products, Sri Venkatesh Aromas, Praveen Aroma Pvt Ltd., Sky Petro-Chem Pte. Ltd.,Natures Natural India, Nuvaria Ingredients,Cn Lab Canada, Asian Group, Contek Life Science Co., Ltd.,Amarnath Exports, Bo International,Adept Impex Private Limited. The key companies are likely to expand their business by enhancing their product portfolio in global Lavender essential oil extract market.
Based on type, lavender essential oil extract market is segmented into <90%, 90%-95%, 95%-98% and >98%. Based on extraction method, market is segmented into steam distillation, hydro distillation, and solvent extraction. Based on distribution channel, market is segmented into pharmacy & drug stores, online retailing, health & beauty stores, and others. In addition, based on application, market is segmented into dietic foods, drug formula, cosmetics,research uses, and others. Cosmetic segment is
The lavender essential oil extract market is driven by high demand in the beauty care & body care products, followed by increase in population, rise in disposable income of consumers, change in lifestyle pattern of people,rise in consumer preference for natural lavender extract based products and increase in awareness about health benefits of lavender essential oil. However, high cost of oil may impact the market. Moreover, rise indemand for natural ingredients of lavender extracts oil in processed foods is a key opportunity for market.
Based on geography, the European region holds major share in lavender essential oil extract market, followed by Asian-Pacific region owing to rise in usage of oils in skincare products extracted from lavender flower in the region. Whereas, the North-American region is anticipated to exhibit substantial growth rate due to rise in demand from food & beverage industry over the forecast period. In upcoming years, it is projected that the market will be reached at rapid pace as a result of increase in consumer preference to buy food & beverages which are rich in terms of natural flavor, natural ingredient, taste, aroma etc. during the forecast period.
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Ankur Gupta, Head Marketing & Communications