The market size for rose extract was USD 379.2 million in 2021, projected to grow at a CAGR of 5.8 percent during the forecast period. In liquid, Rose extract is mostly used as a thickening agent, stabilizer, additive, etc. It has poor solubility properties but offers greater stability than liquid form. Growing demand for organic food and cosmetics due to their health benefits and an increase in skin conditions and allergies expands the business potential for companies in this industry. Liquid rose extract is a popular addition since it may be used in various products, including moisturizers and creams. Changes in eating patterns and lifestyle changes have been brought on by consumers' growing understanding of high-quality food's benefits to their health and nutritional value. In the case of rose extract, a significant factor in its popularity in the food and beverage industry is its high vitamin C content. For instance, it has been found that roses have more vitamin C than oranges, by over 50%. A major opportunity for rose extracts in this context is food fortification, which is the addition of one or more healthy components to food and beverage products.
The availability of a large variety of replacement products at low prices is a significant disadvantage for the rose extract business. As roses are primarily employed for their ornamental and aesthetic value, this competition also involves using source material. This trend is anticipated to be reversed by growing consumer knowledge of the therapeutic advantages of rose extracts. Though there are no replacements for rose water thus, based on type, rose water now holds a volume majority in the global market, which is projected to reach 4,769 Tons in 2022. The goal of Xi'an Peihong Biotechnology Co., Ltd. is to provide customers with products that are as long-lasting and as valuable as possible. The company is also developing a research and development facility to create cutting-edge products.
Alteya Organics LLC provides innovative beauty products that are founded on science. The fact that the company produces its goods by the exacting USDA organic criteria gives it an advantage over other market participants. The corporation places a strong emphasis on having independent laboratories certify its products. Because of sedentary lifestyles and poor eating practices, obesity is becoming a rising consumer problem. Obesity and overweight are the primary causes of cardiovascular illnesses and the leading contributors to high mortality rates globally, according to the World Health Organization (WHO). Food products with strong health benefits, such as those that encourage weight loss and lower the risk of heart disease, are in high demand right now.
Rose Extract Market: COVID-19 Impact
Lockdowns disrupted the supply chain worldwide in 2020 and continued restrictions in 2021, which presented difficulties for manufacturers in the Rose Extract market. The downward pressure on vendors' profit margins will be maintained by fierce competition, problems with pricing, and changing consumer tastes. Between 2021 and 2028, the demand for rose extract will be supported by the developing economies' quick economic recovery and rising disposable income. It will also be supported by the inclination toward organic and healthy habits of consumers. After the covid impact through their extensive research and development program, the producers concentrate on enhancing the product portfolio. The producers also strongly emphasize offering top-notch goods with a quality control system and taking action to find the safest ingredients for their products.
Rose Extract Market: Drivers
Rising Consumer Demand for Food Ingredients Promoting Health Benefits Leads to Market Growth
Changes in eating patterns and lifestyle changes have been brought on by consumers' growing understanding of high-quality food's benefits to their health and nutritional value. Because of sedentary lifestyles and poor eating practices, obesity is becoming a rising consumer problem. Food products with strong health benefits, such as those that encourage weight loss and lower the risk of heart disease, are in high demand right now. Obesity and overweight are the primary causes of cardiovascular illnesses and the leading contributors to high mortality rates globally, according to the World Health Organization (WHO).
Organic Rose Extract Inclusion in Final Goods to Support Market Expansion
Customers have varying perceptions of organic food products, as shown by their cyclical purchasing habits. The demand for organically processed rose products is being driven by the market for organic products, which is being driven by the health benefits of organic products. Growing government initiatives, such as the Participatory Guarantee System for promoting organic food as organic farming helps to maintain environmental health by reducing pollution levels, are driving the market for organic food and organic cosmetic products. The United States Department of Agriculture (USDA) declared in 2019 that it would extend its programs and services for organic producers and handlers, support certification of cost-share assistance, and fund organic research.
Rose Extract Market: Restraints
Presence of High Number of Substitutes for Rose Extracts to Hinder Growth
The abundance of replacement goods available at low prices is a significant disadvantage for the rose extract market. Since roses are mostly employed for their ornamental and aesthetic value, there is competition in the source material's usage. It is anticipated that this trend will be reversed as consumer awareness of the therapeutic advantages of rose extracts grows.
Rose Extract Market: Segment Overview
Rose Oil to Dominate due to Presence of Essential Oils
The market is divided into four categories: rose oil, rose concrete, rose absolute, and rose water. Due to its widespread use in essential oils, personal care goods, food, and beverage applications, rose oil represents a significant market segment. Due to its growing use in supplements that treat osteoarthritis, rose extract is another important market sector and holds a sizeable market share. The market is divided into liquid and powder forms based on form.
Food & Beverage Industry to Dominate in End-Use Due to Penetration in Developing Countries
The market comprises four application categories: aromatherapy, food and beverage, cosmetics and personal care, and retail/household. Due to growing internet penetration and expansion in developing regions, the essential oils category holds a sizable market share and offers promising growth potential. Herbal tea and other drinks are included in the section on beverages. The main uses for rose extract include herbal tea, jams, jellies, and syrups. A significant portion of the supplements segment is anticipated to rise quickly due to rising applications.
Rose Extract Market: Regional Landscape
Europe to Dominate market due to Growing Personal Care Sector
Because of its growing use in aromatherapy and the cosmetics and personal care industries, the European region is experiencing a rise in demand for rose extract. Rose extracts have calming, reviving, and antimicrobial characteristics that treat fatigue, skin issues, and other ailments. Most people in Germany and France choose aromatherapy as a medical treatment for their health-related issues because rose extracts may be used to cure a variety of physical & mental health issues naturally. The ever-expanding food and beverage industry and rising demand for health and wellness goods are to blame for East Asia and South Asia's current excellent growth prospects for the rose extract market. Players are garnering significant commercial prospects in East and South Asia due to the rapid expansion of the food and beverage sectors and the region's population's growing reliance on health and wellness products.
Europe will account for nearly 46% of market growth throughout the forecast period. The main European markets for rose extract are Germany, the U.K., and the Netherlands. The market in this region will grow more quickly than the markets in North and South America. Germany has the largest holding in the European region, with a projected share of 18.7% in 2022
Rose Extract Market: Competitive Landscape
The goal of Xi'an Peihong Biotechnology Co., Ltd. is to provide customers with products that are as long-lasting and as valuable as possible. The company is also developing a research and development facility to create cutting-edge products. Alteya Organics LLC provides innovative organic beauty products that are founded on science. The fact that the company produces its goods by the exacting USDA organic criteria gives it an advantage over other market participants. The corporation places a strong emphasis on having independent laboratories certify its products.
Few of the players in the rose extract market include Green Leaf Solutions, Rosesattar, Sakha International, Alba Groups LTD, Alteya Organics, Aromaaz International, Ecomaat, First Natural Brands Ltd., Fleurchem, Inc., Thracian Oils Ltd., Xi'an Peihong Biotechnology Co., Ltd., Xena Bio Herbals, Vaibhav Perfumery, Zahra Rosewater Company, India Essential Oils.
Regional Classification of the Global Rose Extract Market is Described Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Rose Extract Market
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