The global flower extract market size was valued at US$ 2,646.7 Mn in 2021 and it is likely to surpass a valuation of US$ 2,773.7 Mn in 2022. The overall demand for flower extracts is poised to grow at 5.2% CAGR between 2022 and 2032, totalling around US$ 4,604.9 Mn in 2032.
Increasing awareness of the health benefits associated with flower extracts is the main force behind the growth of Europe flower extract market. In addition to being rich in vitamins, minerals, and antioxidants, flower extracts offer several health benefits, such as reducing inflammation, enhancing immunity, and combating free radicals.
Growing health concerns has encouraged people to focus on taking care of their physical body as well as their mental well-being. Therefore, a wide range of personal care and pharmaceutical products containing natural ingredients are being consumed across European countries like the U.K., Germany, and France. This will continue to boost sales of flower extracts during the projection period.
Flowers extracts are excellent sources of phytochemicals that are related to health-promoting benefits like antioxidants, anticancer, antiobesity, anti-inflammatory, and hypoglycemic properties. The flower extract market is on the rise in Europe as people are becoming aware of the various potential health benefits of these extracts.
Manufacturers are focusing on improving manufacturing processes for producing high-quality products at competitive prices. They are also taking initiatives to educate customers about the benefits of flower extracts to increase their sales.
Get Sample Copy@ https://www.futuremarketinsights.com/reports/sample/rep-gb-2480
Key Takeaways from the Flower Extract Market
- The flower extract market in Europe is expected to register a moderate CAGR during the forecast period.
- The U.K. flower extract market is likely to grow at a CAGR of 4.0% during the forecast period.
- In 2021, flower extract market in the U.K. accounted for a significant market valuation.
- Increasing awareness of health benefits of flower extract among people will drive boost sales in Europe through 2032
“Growing awareness about the potential health benefits of flower extracts among Europeans will drive sales in the market over the next decade. Key companies are thus focusing on discovering new varieties to expand their customer base,”– Says an FMI Analyst.
Competition Landscape in the Flower Extract Market
Key players are using numerous strategies such as new product launches, partnerships, mergers, and acquisitions to solidify their position. Besides this, they are introducing new product lines and new flavors in the market to gain huge profits.
Symrise, Robertet, and Anklam Extrakt Gmbh are the key players in the Europe flower extract market
Recent Developments
- In July 2022, Symrise unveiled naturals brand Maison Lautier 1795 and its first three product ranges. The focus is on Mediterranean flowers and plants that are sustainably farmed. This new development will expand the company’s line-up of aroma products.
- In April 2022, Robertet announced the purchase of Omega Ingredients, a UK-based firm that specializes in developing natural flavors and ingredients for the food and beverage industries that are of the highest quality and motivated by provenance. Omega Ingredients is well known across the world for providing cutting-edge biochemistry using only natural ingredients.
Talk to Our Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-2480
Flower Extract by Category
By Type, Flower Extract is segmented as:
- Chamomile
- Rose
- Marigold
- Lotus
- Jasmine
- Others
By Application, Flower Extract is segmented as:
- Food & Beverage
- Cosmetics
- Pharmaceutical
- Others
By Form, Flower Extract is segmented as:
- Powder
- Liquid
By Region, Flower Extract is segmented as:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers, Dubai
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
