Apr 08, 2022/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Flower Essences Market.

It was estimated prior to this unanticipated outbreak that the 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. 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. 

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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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Segments’ Analysis

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.  

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)

Features of the Report

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Flower Essences analysis report discusses the following heads in great detail:

  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

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