Oakmoss Extract Market

Oakmoss Extract Market Research, Share, Trend, Price, Future Analysis, Regional Outlook

Oakmoss Extract Market: Overview

  • The global oakmoss extract market is valued at US$ 36.3 Mn and is predicted to grow to US$ 63.4 Mn by the end of 2032
  • The consumption of oakmoss extract in the U.S. is projected to be 186 MT by the end of 2022 which accounts for a share of approximately 83.6% in the North American market for oakmoss extract. Furthermore, the market is predicted to rise at a volume CAGR of approximately 6.2% during the forecast period.
  • Oakmoss extract’s main application is in the cosmetic & personal care industry, which is valued at US$ 22.7 Mn in 2022 and is predicted to expand at a value CAGR of approximately 5.0% during the forecast period.

Oakmoss Extract Market Outlook 2032

  • The global oakmoss extract marketis estimated to value US$ 36.3 Mn in 2022
  • It is predicted to grow at a CAGR of 7%from 2022 to 2032
  • The global oakmoss extract marketis expected to reach the value of US$ 63.4 Mn by the end of 2032

Oakmoss Extract: Market Frontrunners

  • Oakmoss extract in liquid form find its applications in numerous industries including the cosmetics & personal care industry, processed food & beverage industry, and aromatherapy. The cosmetics & personal care industry is considered the biggest market for oakmoss extract owing to its rising use as a fixing base in the perfumery industry.
  • The global oakmoss extract market is expected to produce approximately US$ 63.4 Mn in 2032, up from US$ 36.3 Mn in 2022, owing to rising awareness about the benefits of aromatherapy and due to changing interests in the natural care and back-to-nature products – this trend will provide momentum to the development of organic or natural ingredients with healing abilities.
  • Oakmoss is a moss, which means it thrives in a symbiotic relationship with fungi. They resemble plants but are not true plants. An absolute is produced by solvent extraction of lichen that has been soaked in water for a long time. Oakmoss extracts are used in a wide range of products including cosmetics, and the food & beverage industry.

Oakmoss Extract: Market Trends

  • Rise in demand for aromatherapy

Aromatherapy is a naturopathic remedies technique that boosts well-being and health by using natural plant extracts. Essential oils are widely utilized in aromatherapy as they benefit both psychological and physiological activities in the body at the same time. Moreover, the increase in demand for aromatherapy can be attributed to several variables, the most significant of which being the general increase in income over the last decade. Aromatherapy was formerly considered a complementary therapy, but it is now considered a mainstream treatment.

Oakmoss extract utilized in aromatherapy has several health benefits, including cold, stress, headache, cough, and anxiety, among others. Due to its functional characteristics, aromatherapy is administered in three ways to heal patients oral, transdermal, and inhalation.

Volatile Prices of Raw Materials for Oakmoss Extract Hampers Market Growth

  • Inconsistencies in vendor manufacturing capacity have resulted from the excessive volatility in the prices of critical raw materials. It’s challenging to establish a global baseline that provides a consistent revenue stream due to price variations. As a result, profit margins fluctuate, making it impossible to identify a consistent growth path.
  • Although this oakmoss oil is good for fragrance, it is frequently contaminated by tree moss during the time of harvesting. In certain individuals, it might irritate delicate skin and cause hypersensitivity reactions. Dermal application to damaged skin, hypersensitive, sick, or damaged skin, along with infants under the age of two, is not recommended.

Oakmoss Extract Market: Strategies

  • Oakmoss extract manufacturers are concentrating on raising product awareness and developing their business on a global scale to meet rising consumer demand by providing better products and services.
  • In March 2022, Firmenich established its new regional state-of-the-creation and development center at Dubai’s Science Park. The company’s research and innovation skills are further expanded through cutting-edge technology at the new Creation & Development Center, which will serve consumers in more than 60 countries across the Middle East and Africa area. The 3,500-square-meter space houses a cutting-edge research and science facility.
  • In February 2021, Givaudan (France) successfully acquired Myriss. This acquisition will help Givaudan’s long-term Beauty & Fragrance strategy to experience in Artificial Intelligence which would assist in proposing new organoleptic approaches to its customers.

Oakmoss Extract Market: Key Players

Some of the key players in the market are Scent Fill, BMV Fragrances Private Limited, Sweet Essentials, Eden Botanicals, BERJE INC., Bristol Botanicals, Veda Oils, Midwest Sea Salt Co., Mountain Rose Herbs, Divine Essence, Givaduan, Firmenich, Biolandes, Sigma-Aldrich, Plantlife, Inc., and Ventos, among others. 

About Us Section:

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.