Scope of the Study
Flower extract is defined as the collection of important crude mixtures from the extraction of different parts of flowers that are extracted by using solvent such as ethanol, water, among others. It mainly contains containing phytochemical compounds such as flavonoids and carotenoids are primarily used in tea, bakery products, and cosmetics, among others. Rise in the use of oils in the personal care products, rise in the use of the skin care products which are made from the flower extracts are propelling the growth of the market. The market for flower extract is expected to register a CAGR of over 7.2% during the forecast period
The market study is being classified by Type (Hibiscus, Safflower, Rose, Passion and others), by Application (Pharmaceuticals, Cosmetics, Chemicals, Food and Beverages Industry, Dyes and Others) and major geographies with country level break-up.
Wild Hibiscus Flower Co., (Australia), Naturalin Bio-Resources Co., Ltd. (China), Shaanxi Pioneer Biotech Co., Ltd., (China), NESSO-Natural & Essential Oils Pvt. Ltd. (India), Katyani Exports (India), Nature's Way Products, LLC (United States) and Hangzhou Gosun Biotech Co., Ltd., (China) are some of the key players profiled in the study.
Research Analyst at AMA predicts that China Vendors will contribute to the maximum growth of Global Flower Extract market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Flower Extract market by Type, Application and Region.
On the basis of geography, the market of Flower Extract has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Powder will boost the Flower Extract market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in the demand for the natural ingredients
- Increasing awareness among the consumers about the health benefits
- Increasing adoption of the flower extract-based products
- Issue related to High Manufacturing Cost
- Availability of Substitutes of flower extract such as Flavoring oils and extracts
- Rising Demand from Emerging Economics Such as China and India
- Identifying and Marketing New Spices and Flower in Accordance With the Changing Consumption Trends
- Lack of Awareness of Flower Extract Products
- Limited or Inadequate Supply and Varying Prices of Herbs & Spices
Market Leaders and their expansionary development strategies
Flower Extract Manufacturers, Regulatory bodies, Intermediary Suppliers and End Users
In January 2019, India’s leading beauty retailer Nykaa will be bringing the drew Barrymore flower beauty line to India in March 2019. In addition, the brand will be sold exclusively on the Nykaa platform as well as retail stores across India. Hence, it will affect the growth of the market in the future.
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