According to the research report titled ‘Global Floral Extract Market Size study, by Source (Jasmine, Rose, Lavender, Tuberose, Mimosa, Marigold, Others) by Application (Skincare, Haircare, Makeup, Body Care & Toiletries, Fragrances) and Regional Forecasts 2022-2028’, available with MarketStudyReport, global floral extract market was worth USD 2.2 billion in the year 2021 and is slated to expand at 4.3% CAGR during the assessment period, generating a valuation of USD 3 billion by the end of 2028.

The growth of global floral extract market is backed by various parameters such as surging concerns regarding environment and health, coupled with the increasing demand for natural products.

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For the unversed, floral extract is a non-toxic daisy flower extract that is commonly used to brighten skin and restrain hyperpigmentation. The decoction has antibacterial properties that can remove bacteria from the layers of the skin, maintaining its health.

Besides, rising popularity of natural products and organic cosmetics is further likely to escalate industry development during the review period.

Despite the optimistic outlook, high cost of products, combined with numerous challenges in terms of transportation of commodities across borders are estimated to hinder the progress of the business sphere in the forthcoming years.

To give a clear comprehension of worldwide floral extract market dynamics, the report segregates it in terms of source and application. The growth rate estimates of each vertical help the stakeholders in understanding the revenue scope of the industry for the research timeline.

From a geographic standpoint, North America market is poised to gain substantial revenue share during the analysis period, owing to the shift in lifestyle & consumption patterns of individuals, prompting higher usage of organic cosmetics & natural products. 

Meanwhile, Asia Pacific industry is anticipated to record significant growth rate during the speculated timeline, due to rapid urbanization, surge in disposable income, and soaring preference for men’s grooming products across the region. 

The well-known players highlighting the competitive framework of global floral extract industry include names like Katyani Exports, Lebermuth Co. Inc., Kancor Ingredients Limited, Carrubba Incorporated, Kalishankar Export, Firmenich SA, International Flavors & Fragrances Inc., Givaudan Company, Herbarom Laboratoire, and HDDES Group among others.