Bergamot Extract Market

Bergamot Extract Market Value and Growth (2023-2028):

Bergamot Extract Market size was worth US$ 99.81 million in 2022 and is anticipated to reach a valuation of US$ 133 million by 2028 with a CAGR of 4.2% 

Bergamot Extract Market Overview:

Bergamot essential oil is derived from citrus fruit. Bergamot is scientifically known as Citrus aurantium or Citrus bergamia. Unlike other essential oils, bergamot essential oil is produced by cold compression rather than steam distillation. Bergamot oil is utilized as a perfume fixative in the cosmetic sector, and its long-lasting smell has led to its widespread use in high-end shampoos, soaps, and cleansers. Furthermore, because of its antiseptic and antibacterial qualities, this oil is used in the pharmaceutical business. Furthermore, it is utilized to make Earl Grey black tea.

Bergamot provides a lot of health benefits, including improved breathing, less pain, lower cholesterol, reduced fever, and reduced fatty deposits in the body. Aromatherapy treatments with bergamot essential oil are very popular. It is thought to clear and stimulate the mind, as well as have an energizing, stabilizing, and bolstering effect on the senses, which helps to alleviate negative moods. It is also utilized in massage therapy and bathing because it relieves muscular soreness caused by strenuous exercise. It also inhibits sagging skin, wrinkles, fine lines, and tissue disintegration, making it an excellent ingredient for skin care products. Furthermore, natural oil products such as bergamot essential oil are growing more popular as consumers' tastes for natural beauty products expand. Furthermore, the accessibility of bergamot essential oil on e-commerce sites has provided consumers with the convenience of purchasing goods without any physical constraints.

REPORT COVERAGE:

Bergamot Extract Market Growth:

With increased health and fitness consciousness, people are looking for items that are healthful without sacrificing taste or smell. These are expected to fuel the bergamot extract market growth.

Global Bergamot Extract Market Drivers:

The rise in health and fitness trends among consumers is one of the factors driving the growth of the bergamot extract market. Dietary supplement demand is expanding at a breakneck pace. More than 70% of persons in the United States use some form of dietary supplement.

Furthermore, people prefer plant-based products because animal-based products may cause negative effects, so bergamot extract can be used by dietary supplement makers to create plant-based supplements. Statins are cholesterol-lowering medications, however, they are not good for everyone because some people experience side effects and develop statin intolerance. Bergamot extract has a "statin-like" mode of action that helps to manage cholesterol levels and can thus be exploited by the pharmaceutical sector to develop new medications for those who are allergic to statins. As a result, the use of bergamot extract in the development of pharmaceutical medications may assist to boost demand. Bergamot essential oil is in high demand due to its sweet aroma and flavour, as well as its numerous health advantages. This multi-purpose essential oil can also be used in toothpaste to improve dental health. Due to its qualities that help soothe skin irritations and make it glow, the increased demand for natural and safe personal care products is also a driving factor for bergamot essential oil market expansion. Bergamot essential oil has long been used as an antidepressant to improve mood and provide an immediate energy boost. Bergamot essential oil is also becoming increasingly popular in massages and aromatherapies due to its ability to reduce anxiety, relieve pain, and improve blood circulation and metabolism. As this adaptable essential oil becomes more popular, so does consumer demand, resulting in a significant increase in the number of manufacturers and suppliers in various industries such as food & beverage, healthcare, and personal care.

Bergamot Extract Market Restraints:

The presence of identical items could be a big stumbling block for the bergamot extract market. Because many firms are keeping track of current market trends and attempting to create plant-based products with high nutritional value, the bergamot extract market's growth may be hampered by fierce competition.

Recent Developments in the Global Bergamot Extract Market:

In May 2022, Organic Citrus Bergamot for Women and Organic Citrus Bergamot are two new high-potency natural formulations from Healthy Extracts Inc., a leading provider of clinically validated plant-based medicines for heart and brain health. These items can be found on e-commerce sites as well as at select supermarkets.

Bergamot Extract Market Segmentation: 

By Nature:

• Organic

• Conventional

The bergamot extract market has been divided by type into, organic and conventional bergamot extract. The one which took the largest bergamot extract market share was the conventional. This dominance was observed mostly due to the production cost difference. However, organic is growing at a rapid rate and is expected to outstrip the conventional type by 2032. It is because of these reasons that we see the conventional taking the bigger bergamot extract market share.

By End-Use:

• Food and beverages

• Pharmaceuticals

• Skin and personal care

• Haircare

• Aromatherapy

The bergamot extract market has been divided by end-use into, Food and Beverages, Pharmaceuticals, Skin & Personal Care, Haircare and Aromatherapy. In this segment, the one which took the larger bergamot extract market share in terms of end-use was Foods and Beverages. These sales were driven primarily because of the increase in consumption of processed foods with a citrusy flavouring, some examples include juices, vitamin water, etc. It is because of these reasons that we see food and beverages taking the bigger bergamot extract market share. This is the bergamot extract market trends we see with regards to the end-use.

Bergamot Extract Market Regional Analysis: 

The Global Bergamot Extract Market Report includes the segmentation of Regions:

• North America

1. The U.S.

2. Canada

3. Mexico

Herbal medications have become more popular in the United States and Canada due to the assumption that they promote healthy living. Bergamot-based oils and lotions are gaining popularity due to their numerous health advantages.

Medicines based on bergamot extract are used to treat high cholesterol and stress reduction. Bergamot oil is utilised as a perfume fixative in the cosmetic sector, and its long-lasting scent has led to its widespread use in luxury shampoos all across region. During the evaluation period, these figures are predicted to increase at a steady rate, in the North American market., the bergamot extract market growth is expected to grow at a steady X.X% during the forecasted period

• Europe

1. The U.K.

2. France

3. Germany

4. Netherlands

5. Russia

6. Italy

Due to the many applications of bergamot extract, many enterprises across different industries use bergamot extract to deliver products in the Europe bergamot extract market. Also, as processed food, essential oils, etc. consumption is increasing at an exponential rate in the western countries, the bergamot extract market sales are predicted to do well. During the evaluation period, these figures are predicted to increase at a steady rate in the European market., the bergamot extract market growth is expected to grow at a steady X.X% during the forecasted period

• Asia Pacific

1. India

2. China

3. Japan

According to a survey from the National Library of Medicine, the use of herbal medical items and supplements has expanded dramatically in the last two to three decades, with the acceptance of bergamot extracts for several aspects of primary healthcare in the region.

Because of its antibacterial and anti-inflammatory characteristics, bergamot extract is widely used as an aromatherapy treatment and in the treatment of acne and skin infections. During the evaluation period, these figures are predicted to increase at a steady rate in the Asia Pacific market., the Bergamot Extract market growth is expected to grow at a steady X.X% during the forecasted period.

Bergamot Extract Market Key Players:

1. Nutrionn

2. Swanson Health

3. Sunergetic

4. Lorann

5. Double Wood Supplements

6. Twinlab

7. Amoretti

8. Jorrow

9. AOR

10. Mountain Rose Herbs, Inc.