Transparency Market Research
Rising use of frangipani extract in cosmetics, perfumes, and personal care products is generating growth opportunities in the market
Wilmington, Delaware, United States, June 08, 2022 (GLOBE NEWSWIRE) — The global frangipani extract market is estimated to register growth at a CAGR of 4.9% during the forecast period from 2022 to 2032, state analysts of a report by Transparency Market Research (TMR).
The TMR report covers in-depth data and analysis on major key facets influencing market growth including recent developments in the frangipani extract market. Moreover, it also provides insights on the fastest growing market for frangipani extract.
Frangipani extract is utilized in the treatment of inflammation, tinnitus, back discomfort, and headaches. This aside, it is gaining traction owing to its ability to provide outstanding well-being and health benefits as it comprises anti-inflammatory properties and powerful antioxidants, notes a TMR study on the global frangipani extract market.
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Frangipani extract is being increasingly utilized in the treatment of common lifestyle health disorders such as exhaustion and stress. In such treatments, essential oils are diffused in the body of an individual with the help of electric diffusers. Moreover, the product is also being utilized in burners, nebulizers, inhalers, and other carrier oils in order to provide massage to pressure points and muscles. This process helps in easing stress, relaxing mind, and helping in sound sleep. Owing to these product advantages, the global frangipani extract market is projected to expand at promising pace and gain a valuation of US$ 56.10 Mn by 2032.
Companies are developing sturdy marketing strategy for frangipani extract market in order to boost their sales. Furthermore, players are focused on developing innovative blends of extracts so as to fulfill the increasing demand from end-users. This aside, leading companies in the frangipani extract market are increasing investments in R&Ds in order to advance the functionality of frangipani flowers. These efforts of players are helping in the expansion of the market for frangipani extract.
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Frangipani Extract Market: Key Findings
Frangipani extract is gaining impetus in conventional medicine owing to its therapeutic properties. Owing the aromatic and nourishing aesthetic profile of frangipani, it is being increasingly utilized in varied beauty products as well as perfumes. These applications are estimated to result into sizable business opportunities for players in the global frangipani extract market.