Immortelle Extract Market REPORT OVERVIEW
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The global immortelle extract market size was in USD 12 million 2022. As per our research, the market is expected to reach USD 15 million by 2028, exhibiting a CAGR of 3.3% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden decline in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The immortelle extract, alternatively recognized as Helichrysum extract, is a naturally occurring botanical substance extracted from the blossoms of the Helichrysum italicum plant. It is esteemed within the cosmetic, pharmaceutical, and aromatherapy sectors for its multitude of potential advantages in promoting health and enhancing beauty. Originating from the Mediterranean region, the Helichrysum italicum plant is renowned for its striking yellow flowers, and it is from these blooms that the immortelle extract is obtained.
COVID-19 Impact: Increased Demand for Immunity-Boosting Products among Population to Fuel Market Growth
Amidst the pandemic, there was an elevated consciousness regarding health and immunity. The immortelle extract, renowned for its potential health advantages encompassing anti-inflammatory and antioxidant properties, could have experienced heightened consumer interest as individuals sought out natural solutions to bolster their immune defenses.
Lockdowns, transportation limitations, and labor shortages may have potentially disrupted the manufacturing and supply of immortelle extract, thereby impacting the ingredient's accessibility for manufacturers.
LATEST TRENDS
"Rising Demand for Natural Ingredients, and Clean and Sustainable Beauty to Fuel Market Growth "
In recent times, consumers have displayed an increasing awareness of the components used in their products, spanning cosmetics, skincare, and personal care items. A growing apprehension regarding potential health hazards linked to synthetic or chemical ingredients has surfaced. Natural ingredients like Immortelle extract are regarded as safer alternatives due to their lower likelihood of causing skin irritations or adverse reactions. These natural components are often associated with perceived health benefits. Notably, Immortelle extract is recognized for its potential antioxidant and anti-inflammatory properties, which are deemed advantageous for both skin health and overall well-being. Consequently, consumers are actively seeking products that not only enhance their physical appearance but also potentially contribute to their health. Sustainability and environmental awareness were emerging as notable trends, with brands increasingly directing their efforts toward responsibly sourcing immortelle extract and adopting eco-friendly packaging for these products.
SEGMENTATION
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By Type
Based on Type market is classified as Immortelle Extract Oil, and Immortelle Extract Powder.
By Application
Based on Application market is classified as Personal Care, Cosmetics, and Pharmaceuticals.
DRIVING FACTORS
"Increasing Interest in Natural and Organic Products to Fuel Market Growth "
There is immortelle extract market growth as consumers display a heightened awareness of their product choices and an expanding preference for natural and organic ingredients. The immortelle extract, being a botanical derivative, is perfectly positioned to capitalize on this trend, which is driving the demand for cleaner and more natural solutions in the beauty and wellness sectors.
"Health and Wellness Trends to Stimulate Market Progress"
The recognition of immortelle extract for its potential health benefits, such as its anti-inflammatory and antioxidant properties, has motivated its incorporation into a variety of products. Consumers are actively searching for products that not only improve their physical appearance but also positively impact their overall health and well-being.
RESTRAINING FACTORS
"Limited Geographic Distribution to Harm Market Growth "
The predominant habitat of Immortelle plants is the Mediterranean region, which imposes a restriction on the worldwide accessibility of the extract. This geographical limitation has the potential to result in supply shortages and elevated production expenses for manufacturers situated in other areas.
REGIONAL INSIGHTS
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"Mediterranean Region to dominate the Market due to having Favorable Climate"
The Mediterranean region, known for its native Immortelle plants, commands a substantial immortelle extract market share in the production of Immortelle extract. Leading producers in this region include France, Italy, and Spain. The favorable climate here frequently results in the highest quality and availability of the extract.
KEY INDUSTRY PLAYERS
"Multitude of companies that played a pivotal role in expansion of immortelle extract "
In the market, numerous influential industry participants include both manufacturers and brands that integrate immortelle extract into their product offerings. One notable example is L'Occitane, a distinguished beauty and skincare brand celebrated for its utilization of natural components, among which immortelle extract holds a prominent place. L'Occitane boasts an array of skincare and anti-aging products enriched with Immortelle extract.
List of Market Players Profiled
- Helichrysum-croatia (England)
- Youngliving (U.S.)
- Talia (U.K.)
- Italchile (Italy)
- Janousek (U.S.)
REPORT COVERAGE
The future demand for the immortelle extract market is covered in this study. The Research report includes the Increased Demand for Immunity-Boosting Products due to the Covid-19 Impact. The report covers the latest trends in Rising Demand for Natural Ingredients. The paper includes a segmentation of the market. The research paper includes the driving factors that are Increasing Interest in Natural and Organic Products. The report also covers information on Regional Insights where the region which has emerged leading market for immortelle extract.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 12 Million in 2022 |
Market Size Value By |
US$ 15 Million by 2028 |
Growth Rate |
CAGR of 3.3% from 2022 to 2028 |
Forecast Period |
2022-2028 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
