The tuberose extract market is anticipated to expand at a high CAGR over the forecast period.
The Tuberose Extract is obtained from tuberose flower petals. Its scientific name is Polianthes tuberosa and the oil is extracted from its flowers picked before the petals open. It is an exotic flower variety that is delicate and sensational and blooms at night. Hence, it generates excellent fragrance at night. It is also known as night queens or mistress of the night. The flower is found in abundance in the region of Central America and India and is also in high demand for the production of perfumes in the Indian Subcontinent, the Middle East, and Africa. The extraction method used to extract the oil is solvent-based. Tuberose oil is used for many medicinal purposes as it helps in reducing inflammation and joint pain, aphrodisiac, for relaxation purposes, and also as a warming substance. The cosmetic industry holds a notable share of the tuberose extract market. Apart from being used in the beauty industry, it is also used in the medical industry and food industry.
Market Drivers
Consumer demand for natural products is increasing due to increased awareness about the benefits of organic products, and also because of improved health and wellness awareness. The natural consumer goods categories, such as infant, personal care, housekeeping, and cosmetics, are visible in demand, as a result, companies are looking for natural ingredients for the manufacturing of their products.
Tuberose extract is used in the making of essential oils, perfumes, and cosmetic products. Cosmetic products such as Tuberose Body Lotion, a rejuvenating blend of tuberose, pomegranate, and saffron, deeply moisturize, and nourish the skin. Additionally, Tubrose Skin Cream, a combination of aloe vera, almond, and honey, protects the skin against radiation, and also nourishes the skin, and works as a natural exfoliator product.
Tuberose products are also used in temples such as Phool natural incense cones – tuberose, which is made from tuberose essential oil. It is also used in making premium quality perfumes like Herrera Tuberose by Carolina. Therefore increase in demand for tuberose extract is expected in the cosmetic industry in the upcoming time, for its fragrance and medicinal properties.
Consumer demand for tuberose extract is increasing due to its benefits of relaxation, and reducing stress, and anxiety. Consumer increasing interest in natural perfumes, is visible, as a result, companies are looking for natural ingredients for the manufacturing of perfumes.
In aromatherapy, tuberose is used in the form of essential oil due to its therapeutic benefits. TubeRose Oil known as rajanigandha in India is manufactured by Puja Perfumer and is used in aromatherapy as well as in the making of perfumes. Tuberose Absolute Essential Oil (Polianthes Tuberosa).
Increased customer awareness about various chemicals used in making perfumes and their side effects fueled the demand for its natural alternatives due to which demand for perfumes made from tuberose is sought. Solid Wax Perfume Tuberose Fragrance is an alcohol-free alternative to perfumes which are full of chemicals. It is also a natural option to traditional liquid perfumes. Wax perfumes are activated by the heat of the body and are applied to the pulse point.
Market Restraints
The Tuberose extract market is highly dependent on the availability of good quality tuberose flowers to produce a potent extract. The limited availability of quality tuberoses and the high extraction cost hamper the market growth. Skilled farmers are required to handle the delicate flowers. These limitations affect the overall supply of Tuberose Extract and also impact its pricing. Another challenge revolves around the complex extraction process. Extracting good-quality compounds from tuberose flowers is very intricate and requires specialized equipment and expertise. Although the proper supply chain and preservatives for the tuberose could maintain prices and availability.
The Tuberose extract market by production type is segmented into organic and conventional-
The tuberose extract market by production type is segmented into organic and conventional types. Organic type farming has high production costs but has a premium demand for herbal medicines. The demand for organic is increasing due to awareness of benefits of the natural products. The conventional farming type has high production and it has all applications like cosmetics and others.
Asia Pacific region is anticipated to hold a significant share of the tuberose extract market.
Asia Pacific region is anticipated for a notable share of the tuberose extract market. An increasing health awareness among consumers in the region propels the demand for products having natural ingredients in the product. Tuberose oil is sought after for its health benefits and antibacterial, antioxidant, anti-diabetic, antifertility, anti-inflammatory, anti-stress, neuroprotective, and wound healing properties. Asia Pacific region has the major share of the market because of countries like India and China where people rely on traditional medicines obtained from plants thus fueling the demand in the region.
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