The Global Chamomile Extract Market size is anticipated to grow at a CAGR of 8.7% during the forecast period from 2021 to 2028. The market has been witnessing significant growth, owing to factors such as the increasing importance of natural products in the personal care and food industry and the rising demand for organic ingredients used in the production of dietary supplements. In addition, an increase in the use of chamomile extract in cosmetics due to its anti-inflammatory properties will also support the growth of this market.
Chamomile Extract is obtained by extracting the flower’s essential oil using a process called steam distillation. Chamomile extracts are typically used in cosmetics, personal care products, and dietary supplements for their anti-inflammatory properties.
On the basis of Type, the market is segmented into Pharmaceutical Grade (PHA), Industrial Grade (MIAG), and Food Grade (FG). The PHA type consists of chamomile extract which is derived from dried flowers in pharmaceutical industries for production purposes while MIAG extract originates from a variety of sources like plant leaves or roots depending on its availability. FG grade comprises extraction processes that are employed to be safe enough for consumption such as tea blends with herbs or spices owing to their aromatic properties.
Pharmaceutical Grade Chamomile Extract is made from the flowers of Matricaria chamomilla. It is used in pharmaceuticals and cosmetics for its skin-soothing properties. In pharmaceutical application, the herbal extraction has been applied with drugs like allergy relief tablets that contain herbs like ragweed pollen extract because they work synergistically together reducing symptoms while increasing patient compliance in long term.
The industrial-grade of chamomile extract is used in the food and beverage industry. It has a dark yellow color with an earthy flavor, whereas pharmaceutical grades will have a light yellow hue and taste more floral. Chamomile tea made from industrial-grade chamomile usually contains pieces of petals or whole flowers to enhance the flavor profile; while teas made from pharmaceutical-grade extracts are clear and contain no visible solids.
Industrial-grade chamomile extract can also be applied externally for cosmetic purposes as it soothes dry skin and helps prevent acne breakouts by balancing oil production levels on the surface of skin cells where they live. This type may also be found in shampoos, conditioners, etc.
The Food-grade chamomile extract is extracted from dried flowers which are made into powder form by grinding them to get essential oil from it. The major applications for this type of chamomile extract include the food and beverages industry where it can be used as flavoring agents due to its sweet aroma and taste or even for cosmetics and skin care products owing to its anti-inflammatory properties.
On the basis of Application, the market is segmented into Food And Beverages, Pharmaceuticals, Dietary Supplements, and Personal Care/Cosmetics. The Pharmaceuticals segment accounted for the largest share of the market in 2020, followed by Food and Beverages.
On the basis of Region, the market is segmented into North America, Latin America, Europe., Asia Pacific, and Africa. The European market is expected to account for the largest share of this market during the forecast period. Germany and U.K are among the leading regional players operating from Europe, which provide food-grade chamomile extract along with other products such as pharmaceuticals, cosmetics, dietary supplements, etc. The Americas have been projected as a promising region where demand is increasing owing to its high population growth rate coupled with an increased focus on quality health care across developing countries like Brazil and Mexico.
Factors such as high demand for chamomile extract owing to its numerous health benefits and increasing awareness about natural ingredients are driving the global Chamomile Extract Market. However, stringent regulatory norms related to food standards may pose a challenge to the growth of this market over time. Moreover, the lack of substitutes due to the limited availability of other alternatives is hindering the expansion prospects on account of the low price-to-quality ratio among others which can lead to an increase in prices and reduce revenue margins if not managed properly.
Up Market Research published a new report titled “Chamomile Extract Market research report which is segmented by Types (Pharmaceutical Grade, Industrial Grade, Food Grade, Others), By Applications (Food And Beverages, Pharmaceuticals, Dietary Supplements, Personal Care/Cosmetics, Others), By Players/Companies Arjuna Natural Extracts, New Zealand Extracts, Kemin Industries, The Pharmaceutical Plant, Afriplex, Crown Iron Works, Changsha Vigorous-Tech, Gehrliche, Ampak, Nutra Canada, Martin Bauer, Essenchem Plant Extract, Hunan Goldliloo Pharmaceutical”.
|Report Attributes||Report Details|
|Report Title||Chamomile Extract Market Research Report|
|By Type||Pharmaceutical Grade, Industrial Grade, Food Grade, Others|
|By Application||Food And Beverages, Pharmaceuticals, Dietary Supplements, Personal Care/Cosmetics, Others|
|By Companies||Arjuna Natural Extracts, New Zealand Extracts, Kemin Industries, The Pharmaceutical Plant, Afriplex, Crown Iron Works, Changsha Vigorous-Tech, Gehrliche, Ampak, Nutra Canada, Martin Bauer, Essenchem Plant Extract, Hunan Goldliloo Pharmaceutical|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||205|
|Number of Tables & Figures||144|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Pharmaceutical Grade, Industrial Grade, Food Grade, Others and By Application Food And Beverages, Pharmaceuticals, Dietary Supplements, Personal Care/Cosmetics, Others.
Some of the companies that are profiled in this report are:
Chamomile Extract Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chamomile Extract Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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