The floral extract market size is expected to reach USD 2.6 billion in 2022, likely to surge at a vigorous 5.1% CAGR during the assessment period. The report opines that the floral extract market is likely to exhibit a promising growth over the next decade, prominently driven by growing consciousness about health & wellness, especially among millennial demographic, who are constantly rejecting conventional products and shifting to natural products.
As ‘green beauty’, ‘clean beauty’, or ‘natural beauty’ is fast becoming an industry buzzword, cosmetics manufacturers are voluntarily ceasing the use of toxic chemicals and disclosing the ingredients in their products.
The expansion of floral extract market has been working in tandem with greater awareness of natural cosmetics among the consumers and a rising number of celebrities exploiting the ill effects of conventional skincare and makeup on social platforms.
Request for a Sample @
https://www.futuremarketinsights.com/reports/sample/rep-gb-10294
Floral Essential Oils Hold Significant Shares, Absolutes to Witness Rising Demand
While floral essential oils continue to influence the growth strategies, with revenue share of 65% in 2018, manufacturers are focusing on increasing the production of absolutes to capitalize on growing demand for premium fragrances and perfumes. On the one hand, floral concentrates will continue to represent relatively low share as compared to the two types of floral extracts, according to the report.
Apart from serving as a natural ingredient in cosmetic and personal care products, floral extracts possess multi-functional properties such as medicinal and colorant, thereby increasing its application potential in the industry. The study forecasts that the sales of natural floral extracts to increase ~5% y-o-y in 2019, while rapid adoption of organic variants is likely to result in increased market share.
Increased awareness about health & skincare beneficial products along with rising acceptance of organically sourced products will continue to fuel the growth of floral extract market, as suggested by FMI’s analysis.
Use promo code ->> FMITODAY to get flat 20% discount
High Growth Opportunities Abound in East Asia
Regions such as Europe & North America are expected to hold prominent market shares in terms of value. However, the East Asia market for floral extract is expected to project lucrative growth over the forecast period of 2019-2029. Gains will remain propelled by the rapid growth of the cosmetic industry in the region, in the view of growing inclination towards personal grooming and increased disposable income available for purchasing high-end products.
According to the FMI’s research, a majority of key players in floral extract market are directing their investments in R&D on extraction techniques. While distillation and solvent extraction methods are widely adopted for various flowers, manufacturers are targeted towards supercritical fluid extraction method that not only reduces the energy consumption but also eliminates residual solvent in the resulting extracts.
Significantly high application potential of floral extracts is identified in fragrances, which accounted for ~42% in 2018. The rise of vegan perfumes in line with strong desire for cosmetics and fragrances to be cruelty-free will contribute to the overall sales of floral extract. Manufacturers are further exploring the capabilities of floral extracts as colorant and fragrance enhancer in skincare products as well as body care & toiletries.
Sensing an increase in direct sourcing of floral extracts to avoid intermediates in the supply chain, manufacturers are focusing on deepening their collaboration with cosmetic producers. In addition, leading players in the floral extract market are aiming to introduce their own product line of cosmetics and personal care.
View Full Report @
https://www.futuremarketinsights.com/reports/floral-extract-market
Global Floral Extract Market by Category
By Extracts:
- Concretes
- Absolutes
- Essential Oil
By Nature:
- Organic
- Natural
By Source:
- Jasmine
- Rose
- Lavender
- Tuberose
- Mimosa
- Marigold
- Lotus
- Ylang Ylang
- Frangipani
- Chmapaca
- Others
By Method:
- Solvent Extraction
- Distillation
- Expression (Cold Pressed)
- Supercritical Fluid Extraction
By Application:
- Skincare
- Creams, Lotion
- Facial Cleansers & Toner
- Serum
- Sunscreen
- Facepacks/Masks
- Anti-Ageing & Anti-Pollution Products
- Haircare
- Shampoos & Shower Gel
- Conditioner & Serum
- Hair Rinses
- Hair Color & Dye
- Hair Oil & Tonics
- Makeup
- Facial Products
- Eye Products
- Lip Products
- Nail Products
- Body Care & Toiletries
- Soap
- Body Wash
- Massage & Bath Oil
- Fragrances
- Perfumes
- Deodorants
- Colognes
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- MEA
Ask an Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-10294
Explore FMI’s Extensive ongoing Coverage on Consumer Product Domain
Bicycle Shoe Market Outlook: The global bicycle shoe market is projected to increase from a valuation of US$ 1.16 Bn in 2022 to US$ 1.67 Bn by the end of 2029
Protective Clothing Market Analysis: The protective clothing market is estimated at USD 10.32 billion in 2022 and is projected to reach USD 17.60 billion by 2030, at a CAGR of 6% from 2015 to 2021
Down and Feather Market Share: Future Market Insights (FMI) has forecast the market to register a year-on-year growth rate of 6.0% in 2021
Window Coverings Market Sales: The global window coverings market size is valued at US$ 22.2 Bn in 2022, with the market projected to register 4.1% CAGR and top a valuation of US$ 28.4 Bn by the end of 2028
Mineral Sunscreen Market Trends: Global mineral sunscreen market to register a CAGR of over 5% between 2020 and 2030
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs
The post Floral Extract Market Will Grow at a 5.1% CAGR by The End of 2029 | Get Deep Data Analysis by Future Market Insights, Inc. appeared first on Future Market Insights.
Published by: Future Market Insights, Inc.