Rose Extract: Overview
Rose extracts are extensively utilized in cosmetic & personal care applications, owing to their antibacterial and antifungal property. Rose extracts are highly active compounds that remove toxins from the body and help to restrict the growth of unwanted bacteria. It is also utilized in other end-use sectors such as food & beverage, aromatherapy, and retail/household owing to its multifunctional benefits.
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Rose extract is mainly utilized in the cosmetic & personal care industry and this industry is predicted to be valued at US$ 155.6 Mn in 2022 & projected to reach US$ 303.9 by the end of the forecast period
On the basis of type, rose water is dominating the global market in terms of volume and currently the market is pegged at approximately 4,769 Tons in 2022. This market is expected to grow at a volume CAGR of 4.4% during the forecast period.
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Rose Extract: Market Frontrunners
In the European region, Germany holds the largest stake with an approximate share of 18.7% in 2022. It is projected to reach US$ 48.9 Mn in 2032.
European region, is showing higher demand for the rose extract due to increasing utilization in aromatherapy and cosmetics & personal care sector. Rose extracts offer stress-relieving, antibacterial and refreshing properties which are used to cure tiredness, skin problems, & others. The majority population of Germany and France are opting for aromatherapy as a medical treatment for their health-related problems since several physical & mental health problems can be treated in a natural way by utilizing rose extracts.
East Asia and South Asia are currently showing a great opportunity for the growth of the rose extract market, which can be attributed to the ever-expanding food & beverage industry, and increasing demand for health & wellness products.
Rose Extract: Market Trends
Increased Demand for Food Ingredients Aiding Health Benefits to Boost the Market for Rose Extract
- Consumers’ increasing awareness of high-quality food that contributes to good health and provides nutritional value has led to a shift in eating habits and lifestyle adjustments. Obesity is becoming a growing consumer problem as a result of sedentary lifestyles and poor eating habits. Food products with powerful health benefits, such as those that help prevent heart disease and promote weight loss, are in high demand today.
- Rose has antioxidant compounds that are known to have high antioxidant properties for supporting a healthy heart. Rose extract also has anti-inflammatory properties which help in minimizing the redness in the skin and soothes irritation, making it ideal for various skin types such as dry, oily, sensitive, & others.According to the World Health Organization (WHO), obesity and being overweight are the main causes of cardiovascular diseases & they are the number one cause of high mortality rates globally
Penetration of Organic Rose Extract in End-use Products to Support Market Growth
- Organic food products are seen differently by customers, as evidenced by their purchasing patterns, which are always changing. The health benefits of organic products are the most important elements driving the organic products market, which in turn is driving demand for organically processed rose products.
- The market for organic food and organic beauty products is being driven by increasing government programs such as the Participatory Guarantee System for promoting organic food since organic farming helps to protect environmental health by reducing pollution levels.
- In 2019, the United States Department of Agriculture (USDA) announced to increase the number of certified organic operations by expanding programs and services for organic producers & handlers by funding organic research & supporting certification of cost-share assistance
Rose Extract Market: Strategies
- The manufacturers are focusing to enhance the product portfolio through their intensive research and development program. The manufacturers are also emphasizing on providing best-in-class products with a quality assurance system along with initiating steps to source the safest ingredients for its products.
- Xi’an Peihong Biotechnology Co., Ltd. focuses to offers healthy, nutritious ingredients and maximum long-term value through its product. The company is also establishing a research and development center with the latest tools & technology to develop innovative products.
- Alteya Organics LLC offers science-based organic beauty innovative products that are derived naturally. The company manufactures its products under the strict USDA organic standards which provides leverage to the company to distinguish itself from the other players in the market. The company is emphasizing to validate its products through third-party laboratories.
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Rose Extract Market: Key Players
- Some of the key players in the rose extract market include Green Leaf Solutions, Rosesattar, Sakha International, Alba Grups LTD, Alteya Organics, Aromaaz International, Ecomaat, First Natural Brands Ltd., Fleurchem, Inc., India Essential Oils, Thracian Oils Ltd., Xi’an Peihong Biotechnology Co., Ltd., Vaibhav Perfumery, Xena Bio Herbals, Zahra Rosewater Company
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