Floral Wax Market Report

Floral wax is a substance that is produced by introducing a solvent to various flowers. To make floral wax, the blossoms are soaked in a solvent to remove the colour, fats and waxes. After this step, the solvent is removed, as well as the used blossoms, which leaves behind a concrete that is aromatic in nature. This concrete is then treated to separate the solid matter from the liquid. The liquid is known as the floral absolute and the solid left behind after the absolute is removed from the concrete is the floral wax. It has numerous applications across the personal care and cosmetics sectors for the most part. 

Floral Wax Market Outlook

• The consumption of floral wax has been witnessing a surge in the recent years. This is in line with the growing demand for the key end products like personal care and cosmetics, thus covering a wide range including most consumer goods. This is indicative of the diversity of the product and is a key factor driving its growth.
• Growing consumer interest in products with natural ingredients as well as awareness about its benefits would drive growth in the market. Likewise, a growing body of evidence suggests the harmful effects of chemicals widely present in a large number of regular use products has on the body. This has driven consumers to opt for products with natural ingredients like naturally derived floral wax products.

Floral Wax Market Regional Highlights

• North America and Europe together account for a major share of the floral wax market in 2019. This is owing to a mature consumer base with awareness about the various types of products available on the market.
• The developing regions in Asia Pacific and Latin America are witnessing a phase of economic expansion. This has consequent effects on the disposable income as well as the number of working people as a proportion of the whole population. This interaction of demographic and economic factors would result in attractive opportunities for the key players of the floral wax market over the forecast period from 2020 to 2026 as they can cash in on the rise in demand for cosmetic products among others.

Floral Wax Market Segmental Overview

• Lavender wax is one of the most sought after for its relaxing properties while also imparting a pleasant scent to the final product. Likewise, rose wax is widely used for its soothing properties. All types of floral waxes are used for their functional and cosmetic characteristics.
• Floral waxes can be of pure or blended variety. The pure floral wax is most preferred for its all natural origin and is likely to grow at a rapid rate over the forecast period.
• Personal care and cosmetics products like creams, lotions and salves use floral extracts as part of infusing the scent as well as to impart the qualities of the flower to the product. It is also used in aromatherapy products like oils, massage creams, and scented candles among others.

Floral Wax Market Key Players

The major companies operating in the floral wax market include deve herbes, Huiles Bertin, Katyani Exports, Lotus Garden Botanicals, Moksha Lifestyle Products, Nesstate Flora, Premier Specialties, SNN Natural Products, sunrisebotanics, and Sva Organics among others.

The key players in the Floral Wax market are keeping their ears to the ground so as to not miss out on any upcoming market developments. Keeping a pulse of the rapidly changing consumer behavior would benefit the makers and would enable them to stay ahead of the curve to obtain a competitive edge in a dynamic market. In this regard, new product development and adopting sustainable manufacturing practices is a leading strategy being adopted by the manufacturers given the nature of the market.