Jasminum officinale is flower species, commonly known as jasmine and belongs to olive family of flowering plants. In terms of characteristics, this flower has very good scent and sharp pointed pinnate leaves and used as an extract and as well as its oil extracted from jasminum officinale (Jasmine) has wide application in cosmetic and healthcare industry. In essential oil segment, jasminum officinale is also known as king of oils and extracted from solvent extraction process. Asia-Pacific countries are the largest producers of jasminum officinale in the world.
Market Dynamics of Jasminum Officinale:
Key market driver which influence the demand of jasminum officinale is from manufacturers of cosmetic industry as it is one of the prime ingredient which is used in cosmetic products because of its sweet scent and natural fragrance. On the other side, this product is also trending in market due to its heavy demand among the health conscious consumers, as they always seeks for cosmetics products made from herbal ingredient and free from side effects. Jasminum officinale is also gaining demand from medicinal purpose where its oil is mostly used in therapies, skin diseases, itching, ulcer and to cure from many other health related problems.
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Market Segmentation of Jasminum Officinale:
Market of jasminum officinale is segmented on the basis of form and application. On the basis of form jasminum officinale is segmented into powder, extract and liquid form. As per the application, jasminum officinale is segmented in three different segment which includes cosmetic industry, medicinal purpose, home care products and other (food and beverage). Demand of jasminum officinale is growing from the cosmetic industry where its flowers and its oil used in perfumes, body lotions, cream, shampoos, hair oil, soaps, talcum powder and in many other body care products. Increasing middle class population, particularly in developing nations of the world states the consumers have enough income to spend their money in other areas like health and hygiene products, beauty care, home care and in many other products after meeting their essential requirements. Emphasizing on this factor cosmetic companies are offering those products which comprised from natural fragrance and natural ingredient and also free from any side effects. Jasminum officinale flowers and its oil have all such qualities and due to which it is used in cosmetic and personal care products to satisfy the growing demand of consumers related to their wellbeing. Owing to market segment of jasminum officinale, it is expected that cosmetic industry acquires majority of share in terms of both value and volume.
Oil extracted from jasminum officinale has application in medicinal purpose like in treatment of spasms, dermatitis, dehydrated skin and to fight with infections and for many other purposes. Jasminum officinale also has application in home care products, where companies are generally using them in detergent powders, dishwashing liquid, room fresheners etc as a fragrance extract. Moreover, jasminum officinale also has a demand as a food flavor ingredient in culinary products, confectionery products, tea, desserts etc.
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Regional Outlook of Jasminum Officinale:
On the basis of regional outlook, jasminum officinale market is segmented in seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. As per production, major jasminum officinale producing countries are China and India from Asia-Pacific region. On the other side in terms of consumption, increasing demand of cosmetic, herbal and personal care products in European region supports the market growth over forecast period.
Key Players in Jasminum Officinale Market:
Key players in jasminum officinale market are Penn Herb Company, Young Living Essential Oils, The Jasmine Pearl, LLC., Bigelow Tea, YARDLEY LONDON, Hello Dollface, Eden Botanicals and AayurMed Biotech (P) Ltd.
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