Cornflower Extract Market Outlook
Cornflower extract is gaining worldwide popularity, owing to its antioxidant and anti-inflammatory properties, and various other health benefits. Cornflower extract is considered as an excellent source of antioxidants, since it contains anthocyanins, a selected kind of flavonoid or naturally occurring plant pigment that incorporates antioxidant properties. In the global flower extract market, the demand for cornflower extract is increasing more than other flower extracts, due to its benefits in eye care. Cornflower is also known as a spectacle breaker, owing its benefits in eye care. In the global cornflower extract market, the demand for cornflower extract majorly comes from the North American and European markets. Europe is also the world’s largest producer of cornflower extract in the global flower extract market.
Growing Demand for Cornflower Extract in the Pharmaceutical and Cosmetic Industries is Spurring Market Growth
In the global cornflower extract market, the demand for cornflower is increasing in the cosmetic industry due to its benefits in eye care. Other eye-associated benefits are decreasing the impact of pollution or soothing the eyes after long hours in front of a computer screen. The skin benefits from cornflower extract due to its cooling and firming properties. Cornflower extract is used in make-up, especially as an eye make-up remover. It helps in removing heavy and water-resistant make-up with a calming and soothing effect to the eyes. In the pharmaceutical industry, the anthocyanins in cornflower extract have sturdy anti-inflammatory and antioxidant properties. Hence, the usage of cornflower extract assists with worn-out, itchy, and puffy eyes. Cornflower extract is also useful for indigestion- and constipation-related problems. Cornflower extract is also used for household purposes as a flavoring and coloring agent. It is used in making cakes to give them a vibrant color. In addition, it is also used in tea due to its various good health effects. On comparing cornflower extract with other varieties of flower extracts, the price of cornflower extract is expensive, and this is one of the major factors that hinders the demand for cornflower extract in the global flower extract market.
Global Cornflower Extract: Market Segmentation
On the basis of source, the global cornflower extract market has been segmented as:
On the basis of form, the global cornflower extract market has been segmented as:
- Floral Water
On the basis of distribution channel, the global cornflower extract market has been segmented as:
On the basis of end use, the global cornflower extract market has been segmented as:
- Food and Beverages
- Personal care
On the basis of region, the global cornflower extract market has been segmented as:
- North America
- Latin America
Global Cornflower Extract Market: Key Players
Some of the key players operating in the global cornflower extract market are Berkem, Bio Botanica, Inc., Symrise, The Lubrizol Corporation, Carrubba INC, Parchem fine & specialty chemicals, Maternatura Srl, ELEMIS Ltd, Inovia International, Watkins Inc., Grau Aromatics GmbH & Co. KG., and others. More pharmaceutical and cosmetic industries are showing their keen interest in using cornflower extract in their production lines, and this is expected to increase its demand in the near future.
Opportunities for Market Participants
In the global flower extract market, the demand for cornflower extract is growing, due to its health advantages in the use of cosmetics. Glamor is an international trend, and customers are seeking make-up with skin advantages, and cornflower is enriched with antioxidants, which helps in anti-aging and additionally gives a soothing effect to the eyes. Urbanization and increasing health awareness are major factors that drive customers to opt for healthy products. Due to increasing worldwide temperatures, sunburn is common in many regions, which generate the demand for sunscreens with cornflower extract, with the intention of giving a soothing and calming effect to the skin.
Global Cornflower Extract: Region-wise Outlook
Europe is the highest producer and consumer of cornflower extract products, and companies like Berkem, Inc., Symrise, The Lubrizol Corporation, Grau Aromatics GmbH & Co. KG., etc., are situated in this region, where it can be anticipated that the demand for food preservatives will increase during the forecast period. North America is expected to witness a robust growth rate, owing to the increase in the number of key players in the region, and their increasing awareness about the benefits of cornflower extract. Asia Pacific is expected to witness a robust growth rate, owing to the increase in per capita income and increasing cosmetic industries over the forecast period, resulting in the rapid procurement of cornflower extract in the region by key players. In addition, urbanization in Middle Eastern and African countries is expected to increase the establishment of companies in these regions during the forecast period.
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