According to the research of Future Market Insights, over the projected period, the market for flower extract is expected to expand at a CAGR of 5.2%. The industry's estimated value will increase from US$ 2,773.7 Mn in 2022 to US$ 4,604.9 Mn in 2032. The Flower Extract was worth US$ 2,646.7 Mn at the end of 2021.
Market Size Value in 2022
US$ 2,773.7 Mn
Market Forecast Value in 2032
US$ 4,604.9 Mn
Global Growth Rate (2022-2032)
5.2%
Forecast Period
2022-2032
Global Market Share of US, Germany, Japan, and Australia
72.0%
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Historical Outlook versus Future Projections for Flower Extract
With a CAGR of 4.8% between 2017 and 2021, the global market for flower extract expanded from US$ 2,194.1 Mn to US$ 2,646.7 Mn.
The growing demand for natural and organic cosmetics is a key driver of the flower extract market. Consumers are increasingly becoming aware of the harmful effects of synthetic chemicals on their skin and are therefore opting for natural and organic cosmetics products. This is expected to drive the demand for flower extracts, as they are rich in antioxidants and provide various other benefits to the skin.
The growing awareness of the health benefits offered by flower extracts is another key driver of the market. Flower extracts are known to be rich in vitamins, minerals, and antioxidants, which offer a host of health benefits such as reducing inflammation, boosting immunity, and fighting free radicals.
With a high CAGR of 5.2% over the projected period, it is expected that the global Flower Extract market would increase from US$ 2,773.7 Mn in 2022 to US$ 4,604.9 Mn by 2032.
Country-wise Insights
How is the Flower Extract market developing in North America?
The Flower Extract market in North America is growing at a rapid pace. The main drivers of this growth are the increasing demand for natural and organic products, the growing popularity of Ayurvedic and herbal medicine, and the rising disposable incomes of consumers.
The Flower Extract market in North America is highly fragmented, with a large number of small-scale suppliers competing for market share. The leading players in the market are Nature's Herbs, Inc., Starwest Botanicals Inc., and Mountain Rose Herbs.
The future of the Flower Extract market in North America looks promising, with strong growth expected in both the retail and wholesale segments.
How is the market for Flower Extract in Europe developing?
The market for flower extract in Europe is developing rapidly. The demand for flower extract is increasing in Europe due to its many benefits. Flower extract is used in many cosmetics and skincare products. It is also used in food and beverage industry.
The growth of the market is driven by the rising demand for natural ingredients in cosmetics and skincare products, and the growing food and beverage industry.
How is the market for Flower Extract expanding in Asia Pacific?
The market for flower extract is expanding in Asia Pacific. This is due to the growing demand for natural cosmetics and the increasing awareness of the benefits of flower extract. The major players in the market are from Japan, China, and South Korea.
The major drivers of growth in the region are the growing population, rising disposable incomes, and changing lifestyles.
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Category-wise Insights
How Flower Extracts are used in food & beverage industry?
Flower extracts are commonly used in the food & beverage industry as they provide natural flavors and colors. Rose extract is used to flavor chocolate, while hibiscus extract is often used to add color to beverages. Lavender extract is commonly used in baking, while chamomile extract can be found in many teas. Flower extracts are also used in liqueurs and perfumes.
How Flower Extracts are used in pharmaceutical industry?
Flower extracts have long been used in traditional medicines and cosmetics. Recent studies have shown that they can also be used in the pharmaceutical industry.
The most common flower extracts used in the pharmaceutical industry are rose, chamomile, and lavender. These flowers are known for their calming and healing properties. They can be used to treat a variety of conditions, including anxiety, depression, and insomnia.
Flower extracts are typically taken orally or applied topically to the skin. They are safe for most people to use, but it is always best to speak with a healthcare professional before taking any new supplements or medications.
How Flower Extract can be used in powder form?
Flower extracts are not a new concept. In fact, they have been used in traditional Chinese medicine for centuries. But what many people don't know is that flower extract can also be used in powder form.
There are many benefits to using flower extract in powder form. For one, it is more concentrated than traditional tinctures or liquid extracts. This means that you can get more of the active ingredients in each dose.
Powder form also has a longer shelf life than other forms of flower extract. And because it is more concentrated, you only need to take a small amount to get the desired effect.
Competitive Landscape
The global flower extract market is highly competitive with the presence of a large number of players. The key players in the market are engaged in intense competition to gain a larger share of the pie. The major players in the market include Synergy Flavors, Inc., Firmenich SA, Frutarom Industries Ltd., and Givaudan SA.
The flower extract market is witnessing a rapid growth due to the increasing demand for natural ingredients in food and beverage industry. The manufacturers are offering a wide range of products to cater to the needs of different end-users. For instance, Synergy Flavors, Inc. offers more than 200 varieties of flower extracts including rose, lavender, chamomile, and hibiscus.
The key players in the market are focused on expanding their product portfolio to gain a competitive edge.
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Flower Extract Report Scope
Attribute
Details
Forecast Period
2022-2032
Historical Data Available for
2017-2021
Market Analysis
USD Mn for Value and Units for Volume
Key Regions Covered
North America
Latin America
Europe
Asia Pacific
MEA
Key Countries Covered
Philippines
India
Malaysia
Thailand
US
Germany
China
Japan
Denmark
Canada
Mexico
Poland
UK
Turkey
France
Italy
Spain
South Korea
Russia
Australia
Brazil
Argentina
South Africa
Key Segments Covered
Type
Form
Application
Region
Key Companies Profiled
Synergy Flavors Inc.
Firmenich SA
Frutarom Industries Ltd.
Givaudan SA
Symrise AG
THE LABORATORY OF FLAVORS
Robertet SA
Aroma Actives Ltd.
Sensient Technologies Corporation
Frutarom Industries Ltd.
Kao Corporation
Shiseido Company Limited
L’Oreal SA
Procter & Gamble
Unilever plc
Report Coverage
DROT Analysis, Market Forecast, Company Share Analysis, Market Dynamics and Challenges, Competitive Landscape and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Flower Extract by Category
By Type, Flower Extract is segmented as:
Chamomile
Rose
Marigold
Lotus
Jasmine
Others
By Application, Flower Extract is segmented as:
Food & Beverage
Cosmetics
Pharmaceutical
Others
By Form, Flower Extract is segmented as:
Powder
Liquid
By Region, Flower Extract is segmented as:
North America
Latin America
Europe
Asia Pacific
MEA
Frequently Asked Questions
How big is the Flower Extract Market?
The Flower Extract market will reach nearly US$ 2,773.7 Mn by 2022.
At what rate Flower Extract market is expected to grow?
The Flower Extract market is expected to rise at a CAGR of 5.2%.
Which are the major countries driving the demand for Flower Extract market?
U.S., Canada, Mexico, Argentina, Brazil, Germany, U.K., France, Italy, Russia, Spain China, Japan, India, Indonesia, South Korea, Australia are the major countries driving the demand for Flower Extract market.
At what rate will Flower Extract market grow in China?
The China Flower Extract market will grow at 5.3% CAGR between 2022 and 2032.
At what rate will Flower Extract market grow in India?
The India Flower Extract market will grow at 5.9% CAGR between 2022 and 2032.
At what rate will Flower Extract market grow in UK?
The UK Flower Extract market will grow at 4.0% CAGR between 2022 and 2032.
Which companies dominate the market?
The major players in the market include Synergy Flavors, Inc., Firmenich SA, Frutarom Industries Ltd., and Givaudan SA. Are the companies dominating the Flower Extract market.
What is the demand outlook forecast for the Flower Extract market?
The global demand for Flower Extract market is forecasted to surpass US$ 4,604.9 Mn by the year 2032.
