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Global Ylang Ylang Extract Market – Industry Trends and Forecast to 2031

Food & Beverage

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Global Ylang Ylang Extract Market – Industry Trends and Forecast to 2031

  • Food & Beverage
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Ylang Ylang Extract Market, By Nature (Organic, Conventional), By Extraction Method (Solvent Extraction, SCFE), By Distribution Channel (Supermarkets/Hypermarkets, Specialty Stores, Online Retail, other), By End User (Food and Beverage Industry, Cosmetic and Personal Care, Aromatherapy, Retail/Household, other) – Industry Trends and Forecast to 2031.

Ylang Ylang Extract Market

Ylang Ylang Extract Market Analysis and Size

The global ylang-ylang extract market is primarily driven by the increasing demand for natural ingredients in the cosmetics and personal care industry. Ylang-ylang oil is valued for its exotic floral fragrance and is widely used in perfumes, skincare, and haircare products. Growing awareness of the therapeutic properties of ylang-ylang, such as stress relief and relaxation, is fueling its incorporation in aromatherapy and wellness products. In addition, the rising trend towards natural and organic products in the fragrance and flavor industry contributes to the market's expansion.

Data Bridge Market Research analyses that the global ylang ylang extract market which was USD 108.60 million in 2023, will reach USD 180.10 million by 2031, and is expected to undergo a CAGR of 6.60% during the forecast period. “ Organic” dominates the nature segment of the global ylang ylang extract market  due to the growing consumer preference for natural and sustainable products, aligning with the rising demand for organic ingredients in the beauty and wellness sectors. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

By Nature (Organic, Conventional), By Extraction Method (Solvent Extraction, SCFE), By Distribution Channel (Supermarkets/ Hypermarkets, Specialty Stores, Online Retail, other), By End User (Food and Beverage Industry, Cosmetic and Personal Care, Aromatherapy, Retail / Household, other)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa

Market Players Covered

AG Industries Pvt. Ltd. (India), Firmenich SA (Switzerland), VedaOils (India), HERBO NUTRA (India), Banyan Botanicals(U.S.), Robertet Group (France), Norex Flavours Private Limited (India), BOS Natural Flavors (P) Limited (India), HDDES Group (India), among others

Market Opportunities

  • Growth in the deployment of advanced technologies
  • High cost of raw material
  • Rising research and development opportunities

Market Definition

Ylang-ylang extract is an essential oil derived from the flowers of the Cananga odorata tree, primarily through steam distillation. Known for its sweet, floral aroma, ylang-ylang extract is widely used in the fragrance and cosmetic industries, featuring in perfumes, skincare products, and aromatherapy. It is valued for its distinct fragrance profile and potential therapeutic benefits, including relaxation and stress relief. The oil is often categorized into different grades based on the distillation process, with variations such as Ylang Ylang Extra, Ylang Ylang I, Ylang Ylang II, and Ylang Ylang III.

Global Ylang Ylang Extract Market Dynamics

Drivers

  • Rising demand for natural and organic products

Consumers are increasingly seeking items manufactured from natural components and free of synthetic chemicals and artificial smells. Because of its lovely scent and therapeutic characteristics, ylang ylang essential oil is a popular choice for consumers seeking natural and organic products. Aromatherapy is also growing more popular, and ylang ylang essential oil is a popular choice for aromatherapy owing to its calming and relaxing qualities. The rising popularity of natural and organic products is likely to fuel the global ylang ylang extract market expansion.

  •  Expanding Application in Various Industries

Ylang-ylang extract has witnessed a surge in demand owing to its expanding applications across diverse industries. Renowned for its captivating floral fragrance, the extract has become a staple in the perfumery sector, where it contributes to the formulation of exotic and sensual fragrances. Its presence in cosmetics, including skincare and haircare products, has also grown, with the natural properties of ylang-ylang believed to enhance skin and hair health. Its versatile nature extends to pharmaceuticals, where traditional medicinal practices explore its potential antimicrobial and anti-inflammatory properties. Beyond these, ylang-ylang extract has made occasional appearances in the food and beverage sector, adding a unique flavoring element, particularly in desserts and drinks. This diverse range of applications underscores the widespread appeal of ylang-ylang extract, positioning it as a multifaceted ingredient with relevance in various consumer products and industries.

Opportunities

  • Expanding markets in developing countries

Consumers in developing countries are spending more money on luxury things as their disposable incomes rise. Ylang ylang essential oil is used in many of these products, and rising demand for these items is propelling the global ylang ylang extract market in emerging countries. Urban customers are more likely to be exposed to ylang ylang essential oil through the media and to have the spare income to buy ylang ylang goods. In emerging countries, increased awareness is fuelling demand for ylang ylang essential oil.

  • Expansion into Emerging Markets

The global ylang-ylang extract market has been strategically expanding into emerging markets, capitalizing on the increasing demand for natural and exotic ingredients. As consumer preferences evolve, emerging markets have demonstrated a growing interest in personal care and wellness products, driving the demand for ylang-ylang extract. The extract's entrance into these markets is propelled by its versatile applications in perfumery, cosmetics, and aromatherapy. Manufacturers are leveraging the allure of ylang-ylang's sweet floral fragrance to cater to the diverse needs of consumers in emerging economies. Furthermore, the expansion is often facilitated by collaborations with local distributors and retailers, ensuring effective penetration into these markets. The appeal of ylang-ylang extract in emerging regions lies not only in its aromatic properties but also in its perceived natural and holistic attributes, aligning with the cultural and wellness trends prevalent in these markets. This strategic expansion underscores the adaptability of ylang-ylang extract to diverse cultural contexts and positions it as a sought-after ingredient in the global marketplace.

Restraints/Challenges

  • Specific climatic conditions

Ylang ylang trees require a significant amount of water to thrive. Droughts can reduce yields and even kill trees, which can have a significant impact on the supply of ylang ylang essential oil. Floods can damage ylang ylang trees and wash away flowers, which can also reduce yields. Extreme weather events such as floods, droughts, and heat waves are becoming more often and intense as a result of climate change. This is a major challenge for the ylang ylang market, as it can lead to disruptions in production and increased price volatility.

  •  High prices of Ylang ylang

Ylang ylang essential oil is a rather expensive commodity, which may limit its market. Ylang ylang trees yield a tiny number of blooms, and only a small portion of these blossoms are used to make essential oil. The cost of ylang ylang essential oil can vary depending on a variety of factors, including crop yields and weather conditions. Furthermore, ylang ylang essential oil production is a labor-intensive procedure, which contributes to the high prices.

This ylang ylang extract market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ylang ylang extract market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market. It delivers information by considering the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Developments

  • In May 2023, Niyama Wellness by AHG broadened its range by introducing the Ylang Ylang Spa at Club Punta Fuego. Situated in San Juan, Batangas, Philippines, the spa provides a variety of health treatments and programs, including massages, facials, body wraps, and yoga courses. Named in homage to the indigenous ylang ylang flower of the Philippines, the Ylang Ylang Spa enhances Niyama Wellness's offerings, presenting a serene space for relaxation and rejuvenation amid the scenic surroundings of Club Punta Fuego
  • In October 2022, Tarlac Ylang-Ylang is actively producing essential oil to benefit the ethnic communities of Sarangani. Extracted from the seeds of Ylang-ylang trees in Tarlac, the essential oil now emanates the high-quality fragrance characteristic of this blossoming tree. There are plans to expand the cultivation of Ylang-ylang trees in various locations to ensure a sufficient volume for export purposes

Global Ylang Ylang Extract Market Scope

The ylang ylang extract market is segmented on the basis of nature, extraction method, distribution channel and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Nature

  • Organic
  • Conventional

Extraction Method

  • Solvent Extraction
  • SCFE

Distribution Channel

  • Supermarkets/ Hypermarkets
  • Specialty Stores
  • Online Retail
  • other

End User

  • Food and Beverage Industry
  • Cosmetic and Personal Care
  • Aromatherapy
  • Retail / Household
  • Other

Global Ylang Ylang Extract Market Regional Analysis/Insights

The global ylang ylang extract market is analyzed and market size insights and trends are provided by country, nature, extraction method, distribution channel and end-user as referenced above.

The countries covered in the global ylang ylang extract market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Afric.

Asia-Pacific is estimated to dominate the global ylang ylang extract market due to the high demand in the region's cosmetics and personal care, food and beverage, and aromatherapy industries within the region.

North America is expected to witness significant growth during the forecast period of 2024 to 2031 due to the the growing popularity of natural and organic products, as well as increased knowledge of the health advantages of ylang ylang extract, are driving demand wtthin the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Ylang Ylang Extract Market Share Analysis

The ylang ylang extract market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width, and breadth, application dominance. The above data points provided are only related to the companies' focus related to the ylang ylang extract market.

Some of the major players operating in the ylang ylang extract market are:

  • AG Industries Pvt. Ltd. (India)
  • Firmenich SA (Switzerland)
  • VedaOils (India)
  • HERBO NUTRA (India)
  • Banyan Botanicals(U.S.)
  • Robertet Group (France)
  • Norex Flavours Private Limited (India)
  • BOS Natural Flavors (P) Limited (India)
  • HDDES Group (India)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

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FREQUENTLY ASK QUESTIONS

The Ylang Ylang Extract Market size will be worth USD 180.10 million by 2031 during the forecast period.
The Ylang Ylang Extract Market growth rate is 6.60% during the forecast period.
The Expanding Application in Various Industries, rising demand for natural and organic products are the growth drivers of the Ylang Ylang Extract Market.
The nature, extraction method, distribution channel, and end-user are the factors on which the Ylang Ylang Extract Market research is based.
The major companies in the Ylang Ylang Extract Market are AG Industries Pvt. Ltd. (India), Firmenich SA (Switzerland), VedaOils (India), HERBO NUTRA (India), Banyan Botanicals(U.S.), Robertet Group (France), Norex Flavours Private Limited (India), BOS Natural Flavors (P) Limited (India), HDDES Group (India).
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