Global Rosemary Extract Market Size Study & Forecast, by Form (Liquid, Powder, Others), by Source (Organic, Conventional), by End Use Industry (Food & Beverages, Personal Care & Cosmetics, Nutraceuticals & Dietary Supplements, Pharmaceuticals, Others), by Distribution Channel (Direct Sales, Indirect Sales) and Regional Analysis, 2023-2030
Global Rosemary Extract Market is valued at approximately USD XX billion in 2022 and is anticipated to grow with a healthy growth rate of more than X% over the forecast period 2023-2030. The global market for rosemary extract has seen substantial growth in recent years. Rosemary, an herb that is rich in iron, calcium, and vitamin B-6, provides various health benefits and can be used in different industries. Rosemary extract, which is derived from the leaves of the rosemary plant (Rosmarinus officinalis), contains beneficial compounds such as rosmarinic acid, carnosic acid, and antioxidants, which have anti-inflammatory, antimicrobial, and antioxidant properties. This makes rosemary extract a desirable ingredient in the food and beverage industry, where it is used as a natural preservative to extend shelf life and maintain product quality.
The demand for rosemary extract has been driven by the growing preference for natural and organic products among consumers. As people become more aware of the ingredients in the products they use, the demand for plant-based and natural ingredients such as rosemary extract has increased. According to the article published by The Business of Fashion in March 2021, L’Oréal has stated that, over the next 10 years, 95% of the ingredients used in their cosmetics would derive from flowers and plants. However, the market face challenge due to the fluctuating availability of raw materials and the availability of artificial preservatives. Despite this, ongoing research and development in the industry and the diverse applications of rosemary extract create tremendous opportunities for the market to grow during the forecast period 2023-2030.
The key regions considered for the Global Rosemary Extract Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is currently the dominant market for rosemary extract, because of continuous research and development by major players in the food industry, as well as increasing awareness of the herb's therapeutic effects. Asia Pacific region is expected to see significant growth over the forecast period due to the potential for manufacturers to set up manufacturing units there, the availability of cheap labor, and abundant raw materials. Additionally, the rising use of rosemary extract in the food and beverage, personal care, and pharmaceutical industries drive the market.
Major market players included in this report are:
The Lebermuth Co. Ltd.
Biolandes Inc.
Givaudan
The John D. Walsh Company, Inc.
Monteloeder S.L
Kemin Industries, Inc.
International Flavors & Fragrances Inc.
Phoenix Aromas & Essential Oils, LLC
Foodchem International Corporation
Flavex Naturextrakte GmbH
Recent Developments in the Market:
In August 2021, Givaudan partnered with Ginkgo Bioworks, a synthetic biology company to increase its portfolio of Ingredients. It helped Givaudan to develop more varieties of ingredients which would result in increased sales for the company.
In October 2021, Givaudan acquired the DDW, The Color House, a natural color company. The acquisition enables Givaudan to become the number two global player in natural colors.
In November 2021, Givaudan launched a natural antioxidant solution called N.A.S Rosemary 01, which competes with butylated hydroxytoluene (BHT) and butylated hydroxyanisole (BHA). This cosmetic ingredient is made using sustainably sourced rosemary primarily from Morocco and offers superior antioxidant advantages to BHT and BHA. It also helps preserve plant oils and stabilize colors in an organic and natural way.
Global Rosemary Extract Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Form, Source, End Use Industry, Distribution Channel, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Form offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Form:
Liquid
Powder
Others
By Source:
Organic
Conventional
By End Use Industry:
Food & Beverages
Personal Care & Cosmetics
Nutraceuticals & Dietary Supplements
Pharmaceuticals
Others
By Distribution Channel:
Direct Sales
Indirect Sales
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa
Companies Mentioned
The Lebermuth Co. Ltd.
Biolandes Inc.
Givaudan
The John D. Walsh Company, Inc.
Monteloeder S.L
Kemin Industries, Inc.
International Flavors & Fragrances Inc.
Phoenix Aromas & Essential Oils, LLC
Foodchem International Corporation
Flavex Naturextrakte GmbH
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