Ylang Ylang Extract Market Size, Share, Opportunities, And Trends By Application (Food And Beverages, Cosmetics, Others), By Type (Organic, Conventional), By End-User (Individuals, Industry), And By Geography - Forecasts From 2024 To 2029

The ylang ylang extract market is projected to grow considerably during the forecast period

Derived from the star-shaped yellow blooms of the Cananga tree (Cananga odorata), the ylang-ylang flower serves as a valuable source of essential oil, a prized addition to perfumes, lotions, and soaps. Through the process of steam distillation, various types of essential oils are crafted from the ylang-ylang flower, each differing in the intensity of its aromatic profile. Renowned for its euphoric and sedative impact on the nervous system, ylang-ylang oil proves beneficial in alleviating anxiety, tension, shock, fear, and panic, while its aphrodisiac qualities offer assistance with impotence and frigidity.

In the market landscape, the Ylang Ylang market is segmented by application, into food and beverages, cosmetics, and others. Furthermore, the market is categorized by type, between organic and conventional variants. The Ylang Ylang market caters to both Individuals and Industry as its end-users. This range of applications of versatility and widespread usage of ylang ylang, positioning it as a multifaceted ingredient with diverse benefits across various sectors.

Market Drivers

• Versatile Usage

Ylang Ylang's versatility extends across various industries, leveraging its delightful fragrance and potential skin-conditioning attributes. It is a good ingredient in perfumes, lotions, soaps, and shampoos, exemplified by offerings like the HUEMN x Olfa Originals Perfume, priced at ?9,500.00. This perfume contains ingredients such as lily-of-the-valley, hyacinth, jasmine, ylang-ylang, and almond, creating a luxurious olfactory experience.

Beyond the realm of personal care, Ylang Ylang extract finds application as a natural flavoring agent, enhancing the taste of beverages, desserts, and ice cream. Notable products like the COFFEEMINT CANANGA showcase its intense botanical infusion, featuring the floral essence of Cananga.

Ylang Ylang's antimicrobial and anti-inflammatory properties take center stage in natural health remedies and pharmaceutical products, as seen in offerings like Zoe's Kawakawa Ylang Ylang Hand Balm. This versatile balm serves as a multi-purpose moisturizer and a perfume, embodying the essence of Ylang Ylang for a holistic experience. The adaptability of Ylang Ylang, catering to both aesthetic and health-related needs, positions it as an ingredient for diverse industrial demands.

• Growing awareness about aromatherapy

The increasing popularity of aromatherapy signifies a heightened preference for alternative and integrative therapies that complement conventional medical treatments. Essential oils, including those sourced from Ylang Ylang, are integral to the practice of aromatherapy. From pain, nausea, and vomiting to preoperative anxiety, critical care, and overall well-being, aromatherapy including essential oil proves beneficial across various health domains, encompassing anxiety, depression, stress, insomnia, respiratory issues, dementia, and oncology.

Aromatherapy's influence is notably expanding into the spa industry, which witnessed remarkable growth in 2022, adding 280 locations in the US compared to the previous year. This surge reflects the increasing pursuit of avenues for relaxation and stress reduction. Aromatherapy, coupled with essential oils, has evolved into a more dynamic and integral aspect of the spa and wellness sector. This evolving trend highlights demand for the essential oils.

Market Restraints

• Price Challenges-

One of the restraints for the Ylang Ylang market revolves around price volatility. The market experiences fluctuations in prices attributable to variations in crop yield, consumer demand, and competitive dynamics. This instability poses obstacles for manufacturers and consumers alike, disrupting the ability to engage in long-term planning and establish a stable operational framework. For this challenge, it is necessary to understand market dynamics and the implementation of strategies to mitigate the impact of price volatility.

The Ylang Ylang extract market is segmented by type into organic and conventional.

The  Ylang Ylang market is segmented by type into organic and conventional. Organic ylang-ylang extract is grown and harvested according to strict organic agricultural standards, avoiding synthetic pesticides and fertilizers. Whereas, conventional ylang-ylang extract is grown and harvested using conventional agricultural methods, which may involve the use of synthetic pesticides and fertilizers.

Europe is anticipated to hold a significant share of the Ylang-Ylang extract market.

Europe will hold a notable share in the Ylang-Ylang extract market. With a retail sales value estimated at €88 billion in 2022, as reported by Cosmetics Europe, the region stands as a global frontrunner in the cosmetics and personal care products market. The considerable standing of Ylang Ylang extract within the realm of personal care and cosmetics will show its demand among both consumers and manufacturers.

Market Developments-

• January 2023-  Veda Oils introduced its 'Cosmetic Raw Material Range' for personal care brands, providing a diverse array of raw materials to facilitate the creation of cosmetic products. This comprehensive range includes various essential components such as emollients, emulsifiers, texturizers, and fillers, unique elements like dead sea mud and activated charcoal powder. The launch aimed to empower brands with the essential building blocks for formulating high-quality and innovative cosmetic products within the dynamic and evolving beauty industry.

Company Products

• Organic Ylang-Ylang Essential Oil.-  Organic Ylang-Ylang Essential Oil, priced at Rs. 545.00. This oil is available in a 10 ml size, weighing 70 g. Committed to sustainability, it is 100% Vegan. With a shelf life of 2 years after opening.
• Ylang Ylang Essential Oil - Ylang Ylang essential oil offered by Blossom Kochhar Beauty Products Pvt. Ltd., is available in a 20 ml size at an affordable Rs. 545.00. This exquisite essential oil offers a myriad of benefits, including skin rejuvenation, imparting a radiant shine to hair, and providing relief from nervous tension.
• Ylang Ylang Essential Oil by Soul Flower - Ylang Ylang Essential Oil designed by Soul Flower for thickness, available at the regular price of Rs. 450. This versatile essential oil extends its benefits beyond hair care, addressing concerns such as scars, blemishes, and dry, dehydrated, or rough skin. For a sense of relief from panic, fear, and shock with this essential oil.

Market Segmentation

• By Application
  • Food And Beverages
  • Cosmetics
  • Others
• By Type
  • Organic
  • Conventional
• By End-user
  • Individuals
  • Industry
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Indonesia
    • Thailand
    • Others