An Rosehip Extracts Market Size, By Product (Oil, Powder), By Grade (Food Grade, Cosmetic Grade) By Application (Pharmaceuticals & Nutraceuticals, Personal Care & Cosmetics {Hair Care, Skin Care}, Foods & Beverages {Tea, Jam, Soup}

Rosehip Extracts Market Size, By Product (Oil, Powder), By Grade (Food Grade, Cosmetic Grade) By Application (Pharmaceuticals & Nutraceuticals, Personal Care & Cosmetics {Hair Care, Skin Care}, Foods & Beverages {Tea, Jam, Soup}, Animal Feed), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030

Global rosehip extracts market size is anticipated to increase exponentially over 2022-2030, on account of the growing burden of digestive disorders. Based on a pan-European study, the mortality and incidence rates for digestive cancers rose by 17% and 26% respectively between 2000-2019.

Due to the rising awareness of their cell regenerative properties and other health benefits, rosehip extracts have long been utilized for digestive disorders treatment and immune system strengthening.

The fruit is also rich in anti-inflammatory and antioxidant compounds such as carotenoids, phenolics, and Vitamin C, which can help improve skin health. The uptick in demand for anti-aging products among the fast-growing geriatric population is therefore likely to escalate the use of rosehip extracts for skincare applications.

The rosehip extracts industry is bifurcated based on product, grade, application, distribution channel, and region.

In terms of product, the market share from the powder segment is projected to surge considerably by 2030, owing to the increasing prevalence of cardiovascular diseases. According to the CDC, in 2020, over 382,820 deaths were reported due to coronary heart disease.

Rosehip extract powder can assert a positive influence on serum cholesterol, blood pressure, and other cardiovascular health factors. The high burden of heart disease is thus expected to contribute to product demand over the forecast period.

Rosehip extracts market size from the animal feed-grade segment is likely to depict commendable growth over 2022-2030. This is attributed to the emergence of animal rearing as a significant aspect of the agricultural sector, especially in emerging economies. Livestock also contributes to a large share of the income of small farm households. These factors are anticipated to boost the production of rosehip extracts, which are used extensively as nutritional supplements in animal feed formulations.

Based on the application, the rosehip extracts market value from the personal care & cosmetics segment is poised to register over 9.5% CAGR through 2030. Enhanced moisturizing and antioxidant properties are stimulating the consumption of rosehip extracts among personal care and cosmetics developers.

Rosehip extracts are included in skincare and cosmetics products such as cleansers, soaps, face washes, makeup materials, lotions, and sunscreens owing to their functional traits. With male grooming becoming a prominent trend during COVID-19 lockdowns and the rise in the usage of beauty products, rosehip extract manufacturers are projected to witness substantial growth over the forecast spell.

The industry share from the direct distribution channel segment is set to rise by 2030, considering the growing consumer preference for online outlets over in-store retailers due to convenience. Other key advantages, including the elimination of intermediaries, are also expected to encourage key players to rely on direct channels for the sales of products such as rosehip extracts.

On the regional front, the North America rosehip extracts industry size is anticipated to exhibit more than 9.5% CAGR through 2030, owing to the rapid expansion of the rosehip extract manufacturing network.

Regional feed manufacturing companies are also promoting the use of natural ingredients. Factors such as these are slated to amplify rosehip extract development for use in animal feed, foods, and other end-use applications in the North American region.