Global Chamomile Extract Market - 2023-2030

Overview

Global Chamomile Extract Market reached US$ 987.5 million in 2022 and is expected to reach US$ 1,855.1 million by 2030, growing with a CAGR of 8.2% during the forecast period 2023-2030.

Chamomile extract is gaining popularity as a natural and herbal ingredient in various food and non-food applications. Manufacturers produce various types of chamomile extract such as food grade and pharmaceutical grade based on its end-use applications. Increasing demand for natural and clean-label products positively influences the chamomile extract market growth.

Chamomiles possess curative and preventive properties. The terpenoids and flavonoids in the chamomiles improve the medicinal properties of the product. The high medicinal value of chamomile extracts improves its use in allopathic and ayurvedic medicines. They are considered a relaxing herb and a sleep aid to treat insomnia and anxiety.

The introduction and use of mechanical and automatic chamomile picking machines increase the yield of the plant that can be used as a raw material for the extraction of the chamomile from them. Some of the most used mechanical harvesting methods possess a picking rate of 200-400 kg per hour and an area output of about 3.5 ha per day. The advancements in the production and processing of chamomile plants boost the market growth.

Dynamics

Health Benefits Associated with Chamomile

The increasing health consciousness among consumers is driving the market for various natural products that support the health and wellness of consumers. Chamomile extracts are viral for their medicinal properties and health benefits. They constitute several chemical constituents including terpenoids, flavonoids and additional compounds. The chamomile extracts are used as traditional medicine to treat various health issues.

According to the National Institute of Health, chamomile is used as an antioxidant, anti-inflammatory and healing medicine. The healing properties of chamomile help provide a soothing effect and relieve pain. Chamomile is greatly promoted to enhance gastrointestinal health by relieving conditions of constipation, indigestion and ulcers. It helps in relieving inflammation or irritation of mucosal membranes of the digestive system.

Professional and personal stress is creating sleeping disorders among most of the global population, creating a greater need for a relaxing sleep aid. According to the World Sleep Day Organization, sleep problems are threatening the health and quality of life of about 45% of the world's population. The sedative effects of the chamomile extracts are greatly responsible for their use in aromatherapy to treat sleeping disorders.

High Use of Chamomile Extract in Personal Care and Cosmetics Products

The high content of powerful anti-oxidants such as phytochemicals and polyphenols in chamomile helps in protecting and improving skin conditions, increasing its applications in personal care products. The chamomile extract supports the skin's blood flow and improves circulation. These chamomile extract oils help in addressing hyperpigmentation and acne, increasing their use in beauty products.

New product launches with these ingredients drive market growth. For instance, in May 2023, Mattlook Cosmetic, an Indian cosmetic brand, announced the launch of Mattlook Cleanse and Calm Makeup Remover Wipes. The product is enriched with aloe vera and chamomile extracts that help in cleansing and soothing skin. These wipes are recommended for gentle and effortless makeup removal due to the natural ingredient composition of chamomile and aloe vera.

In August 2023, Ciele Cosmetics announced the new product offerings with the launch of Ciele Blush and Protect Liquid Cheek Paint. The product is designed with key ingredients such as allantoin and bisabolol that help moisturize and keep the skin vibrant. Chamomile derivative is used as a latter in the product that helps in soothing skin and reducing redness of the skin.

Alternative Products Availability

Chamomile extracts have greater applications and benefits that make them a prior choice selection for their use in food & beverage, pharmaceutical and personal care products production. But, there are also many herbal and natural substitute products that are available in the market that act as a major competition and limit the market growth.

The ability of other herbs to replace chamomile extracts in multiple applications is hindering the market growth. For instance, in the case of burns and eczema, people can substitute the use of chamomile with the use of flaxseed and lavender. Turmeric and ginger are preferred by most people in case of any digestive disorders. The availability of multiple natural and herbal ingredients that can easily replace the activity of chamomile hinders the market.

Segment Analysis

The global chamomile extract market is segmented based on type, form, nature, application and region.

Increasing Demand for Natural Products

The global chamomile extract market is segmented based on application into food & beverages, pharmaceuticals, dietary supplements and personal care products. The food & beverages segment has the largest share of the global chamomile market. Chamomile extracts are used as natural flavoring and preservatives in food and beverage products. Various products such as gums, teas and beers are mainly induced with these ingredients that improve the value of the product.

The larger use of chamomile as an ingredient in beverage products is increasing the segment growth. For instance, in September 2022, Bira 91, the world's fastest-growing premium beer company announced a partnership with VAHDAM, a global wellness brand. The partnership among these companies resulted in the release of a one-of-a-kind tea-based beer, Chamomile Tea Lager. The high-quality green tea and pure chamomile along with orange peels are used to brew this crisp and refreshing beer.

Geographical Penetration

Use of Chamomile in Traditional Medicine of Asian Countries

Asia-Pacific dominated the global chamomile extract market. Chamomile is native to Asia and Europe regions. Chamomile plants are cultivated widely in Asia-Pacific. The cultivation of chamomile started at around 40-50 ha of land and produced about 30-40 tons of flowers in the country with Bihar and Uttar Pradesh leading the production.

Chamomile is famous for its food and pharmaceutical value. The high interest of people in incorporating these products into their daily lifestyles to improve their health condition. The chamomile has a long history of use in Indian and Chinese traditional medicine. They are used in ayurvedic products that are used to treat gastrointestinal and skin problems.

The increased adoption of naturally produced products with health benefits boosts the market growth. The increased consumer awareness regarding the benefits of natural and herbal ingredients increased the demand for these ingredients in the end-use industries such as the food and pharmaceutical industries.

Competitive Landscape

The major global players in the market include: Bio Answer Holdings Inc., BRM Chemicals, Hollywood Secrets, Infinator Pvt Ltd, Carmine Country Private Limited, Changsha Vigorous-Tech, Gehrlicher Pharmazeutische Extrakte, Vaadi Herbals Private Limited, Kshipra Biotech Private Limited and Oregon's Wild Harvest.

COVID-19 Impact Analysis:

The outbreak of the COVID-19 pandemic moderately impacted the global chamomile extract market. The pandemic conditions resulted in the disruption of various distribution channel activities. The decreased sourcing and availability of chamomile raw materials impacted market growth in a negative way due to the lack of raw materials in the extracting process.

The strict regulations from the government resulted in the shutdown of many manufacturing industries, negatively impacting the market for manufacturers are end-users. There was also a disruption in the supply chain activities that reduced economic activity. On the other hand, healthy and natural products were in high demand during the pandemic, with the increased health consciousness among consumers.

The rising consumption of natural food and cosmetic products, in turn, had a positive impact on the chamomile extract market due to increased sales of these ingredients in the end-use industries. In addition, the increased use, accessibility and popularity of the e-commerce sector and the wide availability of these products in online sales increased the market demand.

Russia- Ukraine War Impact

The Russia-Ukraine war had a negative impact on many industrial sectors, including food. The war between these major areas resulted in the disruption of the overall global supply chain. The manufacturers faced challenges in raw material sourcing and developing proper import and export activities. The import and export trade disruption resulted in the global market economic disturbances, negatively affecting the market growth.

By Type

• Pharmaceutical Grade
• Industrial Grade
• Food Grade
• Others

By Form

• Liquid
• Powder

By Nature

• Organic
• Conventional

By Application

• Food And Beverages
• Pharmaceuticals
• Dietary Supplements
• Personal Care and Cosmetics
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Rest of Europe

• South America
  • Brazil
  • Argentina
  • Rest of South America

• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific

• Middle East and Africa

Key Developments

• In August 2023, Hyland's Naturals, a brand Wellness Company, stepped into the Baby Skin Care product line. The brand introduced the company's first baby skin care products including Organic All Purpose Balm and Organic Chest Rub Cream. All these products are claimed to be formulated with various natural and organic ingredients that aid in protecting the soft and sensitive skin of babies. Chamoline and marigold flower extracts are used in the product preparation.
• In August 2023, Nykaa, through its beauty brand Kay, announced the launch of a new lip care product that is incorporated with plum and chamomile oil.
• In April 2022, Ferver, Unilever's skincare brand announced the launch of its new collection of cleansers and moisturizers at Target. Ferver offered cleansers such as Fermented Chamomile Cleansing Face Balm. The face balm is prepared with chamomile extracts that help in hydrating and moisturising the skin.

Why Purchase the Report?

• To visualize the global chamomile extract market segmentation based on type, form, nature, application, end-use and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of chamomile extract market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global chamomile extract market report would provide approximately 69 tables, 68 figures and 214 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies