As per the report titled ‘Global Flower Essences Market Research Report 2020’, available with Market Study Report, global flower essences market was valued at USD 37 million in 2020 and is expected to reach USD 56 million by the year 2026, expanding at 6% CAGR.

 

Flower essences are liquid extracts from various flowers and are used to combat the issues associated with well-being of mental and physical state of humans. These essences help regulate the imbalances on emotional, spiritual, mental, and physical levels.

 

Hectic lifestyle has increased anxiety and stress levels among professionals, prompting the demand for natural remedies for various health disorders. This factor coupled with ongoing innovations in medical ground are driving the growth of global flower essences market. Furthermore, minimal to zero side effects and no age restriction are encouraging the product adoption.  

 

Based on the type, the industry is bifurcated into single essence and combinations essence, wherein single essence segmented accounted for 64% market share in 2018 and is expected to display strong growth trends in the forthcoming years.

 

Speaking of the application spectrum, medical care segment is anticipated to record substantial growth during the forecast period. Flower essences are beneficial in treating disorders such as clinical depression, anxiety, stress, and insomnia. Increasing healthcare expenditure in developed as well as developing economies coupled with wide product usage in homeopath and aromatherapy are driving segment growth.

 

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As per the regional analysis, global flower essences market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is anticipated to record a robust growth during the analysis period, with emerging markets like India and China as key contributors. Abundance of raw materials and growing awareness regarding the use and benefits of flower essence are supporting the regional market expansion.

 

Major players in global flower essences market are Nelsons, Australian Bush Flower Essences, Flower Essence Services, Yorkshire Flower Essences, La Vie de la Rose, Himalayan Flower Enhancers, Living Essences of Australia, Desert Alchemy, Saskia’s Flower Essences, Spirit-in-Nature Essences, Power of Flowers, Tree Frog Farm, and Findhorn Flower Essences.