PRESS RELEASE: Call for Vegan Cosmetics to Take the Floral Extract Market Reach a Revenue of US$ 3.8 Bn at a CAGR of 5.1% During the Forecast Period of 2022-29. Get Data Analysis by FMI
NEWARK, Del: The global floral extract market stands at US$ 2.6 Bn and is expected to reach US$ 3.8 Bn by the year 2029 at a CAGR of 5.1% between 2022 and 2029.
Floral essential oils have been contributing for more than 60% of the overall market, as the key participants are concentrating on manufacturing absolutes, thereby capitalizing on an ever-increasing demand for premium perfumes and fragrances. Also, growing awareness regarding the vitality of organically-sourced and skin care products is expected to accelerate the floral extract market.
Additionally, changing lifestyles, growing demand for organic cosmetics, and preference for vegan extracts are driving the floral extract market. Environmentally-friendliness is taken care of by itself. These days, formulations of cosmetics like body lotions and facial creams contain floral extract.
It has been observed that social consciousness has taken over craving for synthetic products, which is actually compelling the key participants to go for natural ingredient mixed/organic products. Floral extract serves the purpose over here.
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Healthy living is being prioritized these days. The benefits offered by floral extract include that of them acting as whitening/lightening agents, healing agents, and likewise. Amongst the other floral extracts, rose is in great demand as it’s a rich source of minerals and vitamins. Oil works well with dry skin. Being a good astringent, it proves to be powerful against acne, inflammations, and redness. Coming to methods of extraction, distillation holds the largest market share as it serves flowers well. Still, certain flowers are so delicate that distillation process does not go well with them. In such cases, solvent extraction is used. Certain floral extracted fragrances do have a stronger demand as well as healthy adoption regarding premium perfume series. The restraints that floral extract market is subject to include higher costs of extraction processes. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Floral Extract Market’.
Key Takeaways for Floral Extract Market
North America holds the largest market share due to the US being influenced by the rising vegan population, and increasing emphasis of natural and organic ingredients that have actually transformed all aspects of beauty care.
Europe is one of the key markets for floral extract market. Germany holds the largest market share due to beauty brands emerging in large numbers, that too, emphasizing on organic and natural ingredients.
Coming to the Asia-Pacific, India is turning out to be a hub of beauty and fragrance vertical due to rapid urbanization. Men grooming products are also in greater demand.
“Natural or organic products to be the cornerstone of floral extract market in the forecast period”, says an analyst from Future Market Insights.
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Competitive Landscape
Firmenich, in December 2021, announced launching ‘Of pure Imagination’. It’s a novel collection of fragrances that draws inspiration from Pantone Color of the Year.
Carruba Inc. provides custom fragrances, botanical extracts, flavors, and natural deodrants for various manufacturers across the globe.
Katyani Exports are into producing floral absolutes, mint oils, carrier oils, spice oils, and natural essential oils.
Plantex provides jasmine grandi floral concretes absolute, sampack concretes absolute, tube rose concretes, and franki pani concretes.
What does the Report Cover?
Future Market Insights offers an exclusive perspective and various real-time insights on the floral extract market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2029.
The research study is based on extract (concretes, absolutes, and essential oil), by nature (organic and natural), by source (jasmine, rose, lavender, tuberose, mimosa, marigold, lotus, ylang ylang, frangipani, chmapaca, and others), by method (solvent extraction, distillation, expression (cold pressed), and supercritical fluid extraction), and by application (skincare (creams, lotion, facial cleansers & toner, serum, sunscreen, facepacks/masks, and anti-ageing & anti-pollution products), haircare (shampoos & shower gel, conditioner & serum, hair rinses, hair color & dye, and hair oil & tonics), make-up (facial products, eye products, lip products, and nail products), body care & toiletries (soap, body wash, and massage & bath oil), and fragrances (perfumes, deodrants, and colognes).
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Table of Content
Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
Report Preview: https://www.futuremarketinsights.com/reports/floral-extract-market
