The global cassia extract market revenue is projected to reach US$ 462.7 million in 2024. The market has been forecasted to expand at a CAGR of 6.7% to reach a value of US$ 885 million by the end of 2034.
Due to shifting preferences, more regular scent consumers are looking for newer, more sophisticated products. Leading cassia extract producers are improving their products to meet these changing demands. Example products include room fresheners, perfumes, and aromatic items made with cassia extract. Manufacturers of nutraceuticals, herbals, and pharmaceuticals are contributing significantly to the growth of the cassia extract market.
Plant-based products are becoming increasingly popular among more consumers across the world. Furthermore, the expanding reach of e-Commerce platforms and advancements in extraction technology have increased the availability of these products, complementing cassia extract market growth. The market is also being positively influenced by the rising demand for holistic treatment for several lifestyle diseases.
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Key Takeaways from the Market Study:
“Improved extraction processes are enhancing the purity and efficacy of cassia extract, making it more appealing to consumers. Manufacturers are expanding into nutraceutical and pharmaceutical sectors,” says a Fact.MR analyst.
Cassia Oil Playing Crucial Role in Improving Digestion and Blood Circulation
Cassia oil is useful for cleaning and cooking, but it also has significant health benefits. Cassia oil is known to boost the immune system, allowing the entire body to function normally. It also promotes digestive health and improves blood circulation. Cassia oil is also an antidepressant and has been used for many years to increase courage and self-esteem. It warms the body and relaxes the mind.
Cassia oil generates a warming sensation when applied and thereby soothes muscle tension, providing a comforting effect on the body. This dual action of warming the body and calming the mind contributes to its reputation as a versatile oil for both physical and emotional wellness.
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More Valuable Insights on Offer:
Fact.MR, in its new offering, presents an unbiased analysis of the cassia extract market for 2019 to 2023 and forecast statistics for 2024 to 2034.
The study details the cassia extract market based on nature (organic, conventional), form (powder, oil), and application (food & beverages, cosmetics & personal care, nutraceuticals), across seven major regions of the world (North America, Latin America, Western Europe, Eastern Europe, East Asia, South Asia & Pacific, and MEA).
Key Companies Profiled:
Mane KANCOR Ingredients Private Limited; Naturalin Bio-Resources Co., Ltd.; Shaanxi Yongyuan Bio-Tech Co., Ltd.; Xi'an Nature Choice Co. Ltd.; Xi'an Sost Biotech Co., Ltd.; Xuancheng Quality Herb Co. Ltd.; NOW Foods; AG Industries; Agrim Pte Ltd.; Changsha Botaniex Inc.; De Monchy Aromatics; Edens Garden; FYZ Ingredients; Hawaii Pharm LLC; Janvi Herbs; Katyani Exports.
Industry News:
Edens Garden released three new room sprays in November 2021, along with other products. The products introduced were themed around Christmas and winter. The products come in glass bottles, making them environmentally friendly.
In September 2021, Mane KANCOR Ingredients Private Limited opened an innovation center in Angamaly, India, complete with cutting-edge technology. It is one of the largest buildings on the Angamaly Campus, where all research and product development takes place.
Naturalin Bio-Resources Co. Ltd., Xuancheng Quality Herb Company Ltd., and Katyani Exports are among the key players in this dynamic market, having received certifications such as USDA Organic, ISO 9001, GMP, FSSC, and many others.
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Cassia extract is derived from the bark of the cassia tree and is used in various products, including perfumes and room fresheners, due to its aromatic properties.
Market growth refers to the increase in demand for a product or service over time, often measured in terms of revenue or market share.
CAGR stands for Compound Annual Growth Rate, which measures the mean annual growth rate of an investment over a specified time period, assuming reinvestment of profits.
E-commerce refers to the buying and selling of goods or services using the internet, which has significantly increased the availability of products like cassia extract.
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