Global Flower Extract Market Size & Share Outlook up to 2024
Global Flower Extract Market: Overview
The flower extract is extracted with the help of solvents such as water or ethanol, they are basically a mixture of essential crudes which is extracted from different parts of the flower. Flower extracts have many beneficial properties and hence they are widely used in many of the end-use industries such as cosmetic, pharmaceutical, food and beverage, etc.
Global Flower Extract Market: Segmentation
The global market for the flower extract is fragmented into form, type, and application. According to the form, the market is segregated into liquid, powder, and others. Based on the type, the market is categorized into decoctions and oils. The oils segment includes safflower, passion, hibiscus, rose, and others. The decoctions are widely used for the medicinal purposes. The oils segment will dominate the market in the coming years. Depending on the applications, the market is divided into cosmetics, food and beverages industry, pharmaceuticals, chemicals, dyes. The cosmetic segment is dominating the market which is followed by the pharmaceutical industry.
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Global Flower Extract Market: Growth Factors
The key factor that is driving the flower extract market is the rise in the demand for the natural ingredients that are extracted from the flower in the processed food industry. The flower extracts are used in multiple applications such as in the medical sector as certain flower extracts have medicinal properties and they are also used in food industry to add colors to the food products. The significant growth of the cosmetic industry and the organic food industry are other factors that will contribute to the market growth in the future years. The increasing awareness among the consumers about the health benefits of the flower extracts and the increasing adoption of the flower extract-based products are other major factors that are driving the global flower extracts market.
Global Flower Extract Market: Regional Analysis
The region wise segmentation of the global flower extract market is diversified into North America, Asia-Pacific, Western Europe, Eastern Europe, the Middle East and Africa, and Latin America. The region that is dominating the flower extract market is Asia Pacific region. The region that is following the footsteps of the Asia Pacific region is the North America. The factors that are contributing to the market growth are the rise in the use of oils in the personal care products, rise in the use of the skincare products which are made from the flower extracts, use of flower extracts in the processed foods have significantly contributed to the revenue of the flower extract market. All these factors will significantly contribute to the robust growth of the market in the future years.
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Global Flower Extract Market: Competitive Players
The key market players that are involved in the flower extract market include Wild Hibiscus Flower Co., Naturalin Bio-Resources Co., Ltd., Shaanxi Pioneer Biotech Co., Ltd., NESSO-Natural & Essential Oils Pvt. Ltd., Katyani Exports, New Way Herbs, Hangzhou Gosun Biotech Co., Ltd., and many more.
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