Flower Essences Market Report

Market Insights

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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What are Flower essences?

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

Key players operating in the global Flower Essences market are-

• 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)

Market Dynamics

The growth of the global flower essence market is primarily driven by its widespread usage in healthcare.

• Growing emphasis on introducing innovative solutions to health-related problems such as anxiety and depression is likely to boost the demand for flower essences.
• Increasing consumer preference towards natural remedies for health problems is likely to add to the market growth significantly.
• In addition to this, changing lifestyle due to hectic work schedules has resulted in increased stress and anxiety among professionals which is anticipated to bolster the growth of the flower essences market substantially during the forecast period.
• Furthermore, the rapidly growing service industry is expected to create lucrative opportunities for the players operating in the global flower essence market.

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Market Segmentation

End Use Trends

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.

Regional Trends

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.  

COVID-19 Impact on Global Flower Essences Market

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.

• The product supply was impacted amid the outbreak due to trade restrictions and supply chain disruptions.
• The imposition of lockdown amid the covid-19 outbreak resulted in tremendous fear and anxiety among some people due to various factors such as separation from family and friends, fear of being alone, anxiety about loved ones, and loss of income.

Critical questions answered in the report –

• What are the key trends in the global flower essences market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global flower essences market?
• What are the key strategies adopted by the major vendors to lead in the global flower essences market?
• What is the market share of the top vendors?

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Target Audience

Here is the list of the group of customers that the flower essence market hopes to have the greatest opportunity to convert-

• Flower essences manufacturers
• Flower essences distributors
• Flower essences suppliers
• Government bodies
• Organizations

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