Published by maria gbaf
Posted on January 28, 2022
Future Market Insights (FMI), in its new offering, investigates the floral extract market and provides critical insights for the forecast period of 2019-2029. The report expects that the global sales of floral extract will increase 4.5% year-over-year to reach ~US$ 2.3 billion in 2019, primarily driven by shifting consumer preference towards cosmetic and personal care products based on natural ingredients.
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.
Get a Sample Copy of Report: 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.
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.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-10294
Competitive Landscape
Leading players operating globally in the market are focusing on expansion, development, and new product launches in order to expand their business globally.
For instance:
Key Companies Profiled
Global Floral Extract Market by Category
By Extracts:
By Nature:
By Source:
By Method:
Ask Us Your Questions About This Report: https://www.futuremarketinsights.com/ask-question/rep-gb-10294
Explore FMI’s Extensive Coverage on Consumer Product Domain
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/floral-extract-market
Press Release Source: https://www.futuremarketinsights.com/press-release/floral-extract-market
Future Market Insights (FMI), in its new offering, investigates the floral extract market and provides critical insights for the forecast period of 2019-2029. The report expects that the global sales of floral extract will increase 4.5% year-over-year to reach ~US$ 2.3 billion in 2019, primarily driven by shifting consumer preference towards cosmetic and personal care products based on natural ingredients.
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.
Get a Sample Copy of Report: 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.
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.
Request a Complete TOC of this Report with figures: https://www.futuremarketinsights.com/toc/rep-gb-10294
Competitive Landscape
Leading players operating globally in the market are focusing on expansion, development, and new product launches in order to expand their business globally.
For instance:
Key Companies Profiled
Global Floral Extract Market by Category
By Extracts:
By Nature:
By Source:
By Method:
Ask Us Your Questions About This Report: https://www.futuremarketinsights.com/ask-question/rep-gb-10294
Explore FMI’s Extensive Coverage on Consumer Product Domain
Antimicrobial Wipes Market: The antimicrobial wipes market to exhibit a CAGR of 10% between 2020 and 2030
Window Coverings Market: The window coverings market to rise at a moderate 4% CAGR between 2020 and 2030
Protective Clothing Market: The protective clothing market is estimated to cross US$ 9 Bn in 2020 and is anticipated to expand more than 6% CAGR during the forecast period of 2020-2030
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Corporate Headquarter
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/floral-extract-market
Press Release Source: https://www.futuremarketinsights.com/press-release/floral-extract-market
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