The global chrysanthemum extract market is anticipated to grow at a CAGR of nearly 7.6% during the forecast period (2022-2028). Chrysanthemum is a flowering plant used for chest pain (angina), high blood pressure, and other conditions. It is usually generated from leaves, flowers, and roots are found in the form of powder, liquid, and oil. It possesses high medicinal value as it contains anti-inflammatory properties and traditionally is used to treat headaches, fever, inflammation, and dizziness along with the treatment of hypertension, vertigo, pneumonia, and other conditions.
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In addition, owing to the properties of antimicrobials and antioxidants, it acts as a soothing agent in the cosmetic industry which is further pushing the growth of the market. The rise in awareness among the consumers regarding the benefits of the chrysanthemum extracts, multiple applications in modern medicine are a few reasons which support the global chrysanthemum extracts market to grow during the forecast period. Moreover, R&D by researchers focusing on anti-cancer properties of chrysanthemum and looking forward to its applications in cancer medicine. This, in turn, attract the consumers towards chrysanthemum tea which is manufactured using powder of dried leaves and flowers are also propelling the growth of the market during the forecast period.
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Some major players in the market include Bio-Botanica, Frutarom Industries Ltd., and Givaudan Schweiz AG, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Form
- By Nature
- By End Users
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Bio-Botanica, Frutarom Industries Ltd., and Givaudan Schweiz AG, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Chrysanthemum Extract Market Report by Segment
By Form
- Powder
- Liquid
- Oil
By Nature
- Organic
- Conventional
By End Users
- Food & Beverages
- Cosmetics
- Personal Care
- Dietary Supplements & Sports Nutrition
- Functional Foods
- Pharmaceutical
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