Jasmine Oil Market: Current Analysis and Forecast (2022-2030)

Jasmine Oil is an essential oil that is derived from the flowers of the Jasmine plant. The Jasmine plant is a flowering vine that is native to tropical and subtropical regions of the world, including India, China, and some other Asian countries. The flowers of the Jasmine plant are typically harvested by hand, and the oil is extracted through a process of steam distillation. The Jasmine Oil market is currently experiencing a bullish trend, driven by the increasing demand for natural and organic products, the growing popularity of aromatherapy, and the rising consumption of cosmetics and personal care products.

The jasmine oil market is expected to grow at a steady rate of around 6% owing to the increasing awareness of the health benefits of jasmine oil is also contributing to the growth of the market. Jasmine oil is known to have antibacterial, antifungal, and antioxidant properties, which makes it a popular ingredient in the cosmetic and personal care industry. Furthermore, jasmine oil is being researched for therapeutic applications, such as its antimicrobial, anti-inflammatory, and antioxidant properties. These findings can drive demand for jasmine oil in the medical and wellness industries.

Based on type, the market is bifurcated into jasminum grandiflorum and jasminum officinale. The Jasminum grandiflorum category is to witness a higher CAGR during the forecast period. Due to its exceptional fragrance and high demand in various industries. The distinct, sweet floral scent of Jasmine grandiflorum makes it a preferred choice for perfumes, cosmetics, and aromatherapy products which will further drive the growth of the market.

On the basis of application, the market is categorized into personal care, food and beverage, pharmaceuticals, and others. Among these, personal care held a significant share of the market in 2021. This is mainly due to the increasing demand for natural & organic personal care products such as soaps, shampoos, & perfumes due to their pleasant aroma. Furthermore, the versatility of jasmine oil and its various therapeutic properties have also made it a popular ingredient in personal care products, further contributing to its growth.

Based on distribution channel, the jasmine oil market has been classified online and offline. The offline category is to witness higher adoption of jasmine oil during the forecast period. This is mainly due to the increasing number of health & wellness stores and spas that offer jasmine oil-based products is also driving the growth of the offline segment. In addition, the rising demand for natural and organic beauty products, as well as a growing awareness among consumers contribute to the growth of this market.

For a better understanding of the market adoption of the jasmine oil industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the significant demand for the product in the cosmetics and personal care industry. The increasing awareness among consumers regarding the benefits of natural and organic products, as well as the growing demand for high-quality and authentic products, are driving the growth of the jasmine oil market in the region. Additionally, the increasing number of health & wellness centers and spas that offer oil-based products and therapy is also driving the growth of the market.

Some of the major players operating in the market include: Norex Flavours Private Limited; Mane KANCOR; VedaOils.com; Organoveda; aromaazinternational.com; Floral Essential Oil; OLD TREE; JIANGXI PROVINCE FOREIGN TRADE PROMOTION CENTER; Kush Aroma Exports; INDIA AROMA OILS AND COMPANY