Flower Essences Market Report
Global Flower Essences Market, Trends, Dynamics, Market Analysis See less
Global Flower Essences Market, Trends, Dynamics, Market Analysis
This report has been segmented by Type (Single Essence, Combination Essences), By Application (Oral, Direct), By End Use (Healthcare, Personal Care, Others), and Region - COVID-19 Impact Analysis and Forecast to 2026. This market report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Flower essences market. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.
The Global Flower Essences Market is estimated to grow from USD 39.2 million in 2020 to USD 55.5 million by 2026 at a healthy CAGR of 6.1% during the forecast period.
Figure: Global Flower Essences Market Size, 2020-2026 (USD Million)
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Flower essences can be defined as herbal medicine used in flower therapy. Flowers have a healing vibrational energy. Flower essences are made by submerging flowers in natural spring water which is then boiled and placed in the sun to extract the energy of flowers. The water is then filtered and preserved with brandy. Flower essences are used to balance the emotions and improve mental, spiritual and physical wellness. It also helps to improve depression, immunity, and psychological disorders.
Key players operating in the global Flower Essences market are-
The growth of the global flower essence market is primarily driven by its widespread usage in healthcare.
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The healthcare segment accounted for more than 35% share of the market and is likely to dominate in the coming years.
Based on End Use, the market has been segmented into healthcare, personal care, and others. The market growth can be attributed to widespread usage of flower therapy in treating various health disorders such as insomnia, depression, anxiety, and stress.
Regionally, North America accounted for the largest market share in 2020.
The market growth can be attributed to presence of established healthcare industry in the region coupled with rising geriatric populace and high demand for natural remedies. The market in Asia-Pacific is projected to register fastest CAGR during the review period owing to wide availability of raw material and increasing product awareness.
The concern for good health amidst this Covid-19 is likely to drive the demand for flower essence which helps to cure health problems such as anxiety & stresss.
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Here is the list of the group of customers that the flower essence market hopes to have the greatest opportunity to convert-
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The flower essences market is expected to witness an impressive growth of 6.1% CAGR in the foreseeable future.
Nelsons (UK), Australian Bush Flower Essences (Australia), Himalayan Flower Enhancers (Australia), Saskia's Flower Essences (UK), Living Essences of Australia (Australia), Yorkshire Flower Essences (UK), Desert Alchemy (US), Tree Frog Farm (US), Spirit-in-Nature Essences (US), Findhorn Flower Essences (Australia) are among the key players in the flower essences market.
The flower essences market is expected to reach USD 55.5 million in the coming years.
North America accounted for the largest share of the flower essences market in 2020.
The healthcare segment is expected to remain dominant end-use industry in the flower essences market over the next five years.
Asia-pacific is expected to register the fastest CAGR in the flower essences market during the forecast period.