Global Rose Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Rose Oil Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Rose oil is an essential oil extracted from the petals of roses through extraction processes such as steam distillation, solvent extraction, or supercritical carbon dioxide extraction.

Market Overview:

The latest research study on the global Rose Oil market finds that the global Rose Oil market reached a value of USD 36.26 million in 2022. It’s expected that the market will achieve USD 58.57 million by 2028, exhibiting a CAGR of 8.32% during the forecast period.

Limitations

The picking of roses requires a large amount of labor, and the harvesting time is short, affected by natural factors such as weather, and long-term labor shortage, which will limit the development of the rose oil industry.
In addition, due to the low content of essential oils in fresh rose petals, the rose oil industry produces large amounts of waste every year. Most of the method of adding value to rose waste is still on a laboratory scale. The potential of industrial waste from rose oil has not yet been fully explored and further research in this area is needed. Nowadays, the society advocates green environmental protection, so from the perspective of environmental protection, this also limits the development of the rose oil industry.

Opportunities

Bulgaria is the country most suitable for growing high-quality rose oil because of its unique geographical location and climatic conditions. Its rose oil production, quality and export volume rank first in the world. Rose oil is widely used in precious perfumes, spices, pharmaceuticals and food additives. Due to problems in raw materials, production technology, and incomplete industrial chains, there is a shortage of markets in various regions.
However, the increased demand for downstream applications is driving the downstream market. The wide use of rose oil is conducive to people's health and the increase in disposable income, which is conducive to the development of the rose oil industry.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Alteya Organics is one of the major players operating in the Rose Oil market, holding a share of 5.67% in 2020.

Alteya Organics

Alteya Organics was born in 1999 but growing and caring for roses has been a family tradition for over a century, since the early 1900s. Their organic rose fields, shielded by the slopes of two majestic mountain ranges, are in the heart of the Bulgarian Rose Valley, the land of Thracian Kings and home to the world’s finest flower – the Bulgarian Rose.

Alba Grups Ltd

Alba Grups LTD is a leading company in the production of Essential Bulgarian rose oil, rose water and other essential oil products. Their production is well – known on the local and global market. Alba Grups LTD is a result of many years of research experience in development of first-class essential oils and rose plants.

Segmentation Overview:

As for product types, the Steam Distillation segment held the largest market share in 2021.

Steam Distillation

Steam distillation is a special type of distillation (a separation process). Steam distillation is employed in the isolation of essential oils. In this method, steam is passed through the plant material containing the desired oils.

Solvent Extraction

Solvent extraction, also known as Liquid–liquid extraction or partitioning, is a method to separate a compound based on the solubility of its parts. This is done using two liquids that don't mix, for example water and an organic solvent. In this process one of the components of a mixture dissolves in a particular liquid and the other component is separated as a residue by filtration.

Supercritical Carbon Dioxide Extraction

Supercritical carbon dioxide is used as the extraction solvent for creation of essential oils and other herbal distillates. Its main advantages over solvents such as hexane and acetone in this process are that it is non-toxic and non-flammable. Furthermore, separation of the reaction components from the starting material is much simpler than with traditional organic solvents. The CO2 can evaporate into the air or be recycled by condensation into a cold recovery vessel. Its advantage over steam distillation is that it operates at a lower temperature, which can separate the plant waxes from the oils.

Application Overview:

By application, the Cosmetics segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Rose Oil market covered in Chapter 3:

Ernesto Ventós, SA
Alba Grups Ltd
Berjé Inc.
Bulgarian Rose Plc
Bontoux S.A.S
Robertet Group
Rocky Mountain Oils, LLC
Alteya Organics
Albert Vieille
Sigma-Aldrich
PerfumersWorld

In Chapter 4 and Chapter 14.2, on the basis of types, the Rose Oil market from 2018 to 2029 is primarily split into:

Steam Distillation
Solvent Extraction
Supercritical Carbon Dioxide Extraction
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Rose Oil market from 2018 to 2029 covers:

Cosmetics
Foods
Medicals
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)