Rosemary Extract Market

Rosemary Extracts Market Overview

Rosemary extracts market is valued at nearly USD 800 million in 2021. Rosemary extracts market is set to grow at 4.8% CAGR through 2027.Demand for rosemary extracts in powder form is the highest, accounting for nearly 50% of all sales.

USA, UK, France, and Germany are among the most lucrative markets for rosemary extracts. Demand is also picking up in China and India, as awareness on natural and clean label products grows.

Regional trends of the global rosemary extract market

North America: The demand of herbal extract is trending in North America regions’ nutraceutical market. Rosemary extracts is in great demand in North America owing to their potential nutritional, safety and therapeutic effects. The demand for herbal foods continues to grow due to rising interest in in different study fields such as Ayurveda, food industry and pharmaceutics.

Latin America: In Latin America the herbs are used in barbeque sauce for the authentic taste. The consumers in this region are more inclined towards traditional herbs and spice extracts in pickles, soups, sauces and even in ice creams, as herbs or spices increase the shelf life of the product without adding salt and sugar that increase calories.

Western and Eastern Europe: The growing trend of aromatherapy in Western Europe is creating a positive impact on rosemary extract market as 84% aroma therapists use rosemary oil in their treatments. While in Eastern Europe particularly in Russia, consumers are more inclined towards the use of environmentally sustainable food ingredients like herbs and spice extracts which mostly grow in Russia and Poland. Russian government is also providing subsidies to farmers to promote and strengthen the local herb and spice market.

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APEJ: Government has initiated E-chilli bazar to strengthen the farming community of India. By improving traceability, the transparency among farmers and government is created for the better market reach and price realization for chili farmers of Kerala, Andhra Pradesh and Telangana.

Japan: Most medicinal herbs in Japan region are sold as dried or powdered products that are processed into tablet or capsule form. Other value-added forms include teas, tinctures, creams, oils and liquids. Thus rosemary extract is gaining traction in the Japan market with its availability in various forms.

MEA: In MEA demand for natural antioxidants is rising due to growing trend of organic and natural ingredients in cosmetics and beauty products, and this has augured well for rosemary extract manufacturers.

Powder and liquid segments go hand-in-hand in grabbing revenue share in the global rosemary extract market

Powder segment is expected to remain dominant in the global rosemary extract market with a revenue share of more than 45% by 2017. The segment is expected to be valued little more than USD 320 Mn in 2017.

Liquid segment is expected to be valued more than USD 310 Mn accounting for more than 45% revenue share in the global rosemary extract market by 2017. The Others segment is expected to rank relatively low on the attractiveness index in the global rosemary extract market by 2027 end.

The global rosemary extract market is segmented into 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

Frequently Asked Questions

What is the Projected Growth rate of the Rosemary Extract Market over the Next few Years?

The rosemary extract market is anticipated to register a CAGR of 4.8% through 2027.

What are the Key Market Trends Shaping the Rosemary Extract Industry?

Key trends involve clean labels and rosemary extract's role as a natural preservative and flavor enhancer.

Which Region is the Prime Consumer of Rosemary Extract?

North America is showing high demand for rosemary extracts due to their promising nutritional, safety, and therapeutic properties.

Is the Powder Segment Expected to Maintain its Dominance in the Global Rosemary Extract Market?

The powder segment is set to lead the global rosemary extract market due to its versatility, extended shelf life, and consumer preference in various industries.

What are the Various Distribution Channels for Rosemary Extract Products?

The distribution channels for rosemary extract products include direct sales, modern trade, specialty stores, online retailers, etc.