The rosemary extract market boasted an impressive valuation of nearly US$ 800 million. Projections indicate a substantial growth trajectory, with a forecasted CAGR of 4.8% through 2027. This market, dominated by the demand for powder-form rosemary extracts, is a hotbed for investors seeking lucrative opportunities.
Demands Shaping the Market Landscape
The global landscape for rosemary extracts is experiencing a surge in demand, particularly in North America, where the nutraceutical market is witnessing a trend towards herbal extracts. With a significant market share in the United States, the rise in awareness about natural and clean label products propels this growth.
In Latin America, traditional herbs and spice extracts, such as rosemary, are gaining popularity in various culinary applications. The emphasis on shelf-life extension without adding undesirable elements aligns with consumer preferences, driving the market’s momentum.
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Global Rosemary Extract Market- Forecast by Form
Based on form, the segment is divided into powder, liquid, and others. The powder form is expected to account for the largest share owing to its longer shelf life. By 2027 end, the powder segment is expected to account for 48.6% value share, and to be valued at US$ 516.3 Mn by the end of 2027. On the other hand liquid segment is expected to account for 46.7% market share, and to be valued at US$ 496.9 Mn by 2027 end.
Global Rosemary Extract Market- Forecast by Sales Channel
Based on sales channel, the segment is fragmented into two categories, i.e. direct sales and indirect sales. Direct sales to account for the largest share as the ingredient is used by the manufacturers for further processing such as personal care products, beverages, food and many more. Direct Sales segment is expected to remain dominant in the global rosemary extract market throughout the forecast period with a revenue share of 54.7 % by 2027. By 2027 end, indirect sales is expected to account for 45.3% value share, and to be valued at US$ 481.9 Mn.
The following Factors to Contribute to the Growth of the Global Rosemary Extract Market
- Increasing consumer inclination towards aromatherapy and preservatives boost the global rosemary market
- Trending demand of herbal extract in European nutraceutical market contribute in the development in the global rosemary market
- Growing personal care industry and increasing consumer awareness for rosemary
- Growing demand for rosemary for pet food
- Most importantly essential oil made of herb like rosemary and other spice extracts are used in cancer therapy that drives the global rosemary extract market
- Advanced commercialization of herbs and spices by government create positive impact on the global rosemary extract market
Global Rosemary Extract Market- Forecast by Application
Application segment include food and beverages, personal care, nutraceutical, pharmaceutical and others. Pharmaceuticals and personal care are two major segments and the market witnesses an exponential growth for these segments over the forecast period. By 2027 end, personal care segment is expected to account for 25.9% value share, and to be valued at US$ 275.3 Mn.
Regional Dynamics and Investment Prospects
The US, UK, France, and Germany stand out as key players in the rosemary extracts market. However, emerging markets in China and India present substantial growth potential. Investors keen on B2B opportunities should capitalize on the increasing awareness of natural products in these regions.
In Western Europe, the growing trend of aromatherapy is bolstering the demand for rosemary oil, with 84% of aroma therapists incorporating it into their treatments. Simultaneously, Eastern Europe, led by Russia, witnesses a preference for environmentally sustainable food ingredients, backed by government subsidies, creating a robust market.
The Asia-Pacific, led by India’s innovative E-chilli bazar initiative, fosters community strengthening and market transparency, providing investors with a unique entry point.
Global Rosemary Extract Market- Key Companies
The key players operating in the global rosemary extract market are- Givaudan SA, Kerry Group Plc., Takasago International Corporation, Dohler GmbH Sensient Technologies Corporation, Archer Daniels Midland Company, Ajinomoto Co., Inc., Symrise AG, Firmenich S A, Naturex SA, Kalsec Inc., Olam International, Foodchem International Corporation, McCormick and Company, Inc, Frutarom Industries Ltd., Robertet SA, Synthite Industries Ltd., International Taste Solutions Ltd, Organic Herb Inc., British Pepper and spice Company.
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The global rosemary extract market is segmented into the following categories
Sales Channel
- Direct Sales
- Indirect Sales
- Modern Trade
- Specialty Stores
- Online Retailers
- Others
Form
- Liquid
- Powder
- Others
Application
- Food
- Sauces, Dressings and Condiments
- Bakery and Confectionery
- Breads
- Biscuits
- Cakes and Pastries
- Others
- Dairy Products
- Others
- Beverages
- RTD Tea
- Specialty Drinks
- Others
- Personal Care
- Skin Care
- Hair Care
- Perfume and Fragrances
- Aromatherapy
- Others
- Nutraceutical
- Pharmaceutical
- Others
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