Carnosic Acid Market

Carnosic Acid Market Outlook from 2024 to 2034

The global carnosic acid market is expected to jump in value from USD 92.7 million in 2024 to USD 152.4 million by 2034. From 2024 to 2034, the CAGR of the market is put forward to be 10.1%.

Attributes	Key Insights
Estimated Global Carnosic Acid Market Size (2024E)	USD 92.7 million
Projected Carnosic Acid Market Value (2034F)	USD 152.4 million
Value-based CAGR (2024 to 2034)	10.1%

Carnosic Acid Market Overview

• Growing awareness about health risks associated with synthetic additives makes consumers search for safer alternatives.
• Carnosic acid is gaining a greater place in the food and beverage industry as a natural preservative to extend the shelf life of food.
• With the rising awareness of the possible therapeutic applications of carnosic acid, demand from the pharmaceutical and nutraceutical industries is expected to grow.
• Because the product has anti-inflammatory and antioxidant properties, its use in different medications and supplements is vast.
• The continual exploration of new applications and benefits of carnosic acid is likely to provide new opportunities to the manufacturers.

2019 to 2023 Global Carnosic Acid Market Growth Outlook Vs. 2024 to 2034

The global carnosic acid market witnessed solid growth in the historical period, with a CAGR of 7.8%.

• Technological development in extraction, such as supercritical fluid extraction and molecular distillation, increased efficiency and scalability in manufacturing carnosic acid.
• Concerns about artificial additives and healthy lifestyles have generated consumer demand for clean labels and natural products. With the rise in demand for natural antioxidants like carnosic acid, the food, beverage, and personal care industries were re-formulating their products with natural ingredients to meet customer demand.
• Consolidation in the market occurred by way of strategic alliances, mergers, and acquisitions among top competitors.

The market is expected to register a CAGR of 10.1% through 2034.

• Growing food and beverage industry, especially in developing countries, is likely to underpin a favorable outlook for the carnosic acid industry. Rising demand for processed and packaged food products demands natural preservatives and antioxidants, where carnosic acid comes into action.
• As consumers become more aware of their health, they seek natural and organic products. The demand for carnosic acid, a naturally occurring substance made from rosemary, is rising due to this trend.
• The antioxidant, anti-inflammatory, and antimicrobial properties of carnosic acid make it an attractive ingredient for medicinal and health-enhancing formulations.

Key Carnosic Acid Market Trends

• Integration of carnosic acid in the food and beverage industry to enhance the product’s shelf-life.
• Expansion of the pharmaceutical industry and the potential use of carnosic acid.

Restraining Factors in Carnosic Acid Market

• Sage and rosemary are two common natural sources of carnosic acid. However, climatic changes and regional limitations combined with seasonal swings are restricting the availability of these sources. This limitation in the availability of raw materials is expected to constrain the supply of carnosic acid.
• Changes in the cost of raw materials and problems associated with the extraction and purification procedures lead to price volatility for carnosic acid. Certain consumers, particularly in price-sensitive regions, find carnosic acid-based goods unaffordable due to high production costs.
• Insufficient promotional endeavors, instructional initiatives, and empirical data demonstrating the effectiveness of carnosic acid are expected to impede the market's uptake and expansion.

Country-wise Insights

The table below shows the estimated growth rates of the top five countries. Japan, the United Kingdom, and Canada are set to record high CAGRs of 10.1%, 7.3%, and 8.1%, respectively, through 2034.

Countries	CAGR (2024 to 2034)
United States	5.6%
United Kingdom	7.3%
Japan	10.1%
Canada	8.1%
Germany	3.9%

The table below explains the carnosic acid market size of the leading five countries for 2034. Among them, the United States is anticipated to remain at the forefront by reaching a valuation of USD 35.4 million. It is set to be followed by Germany, reaching USD 4.9 million by 2034.

Countries	Country Wise Value (2034)
United States	USD 35.4 million
United Kingdom	USD 4.7 million
Japan	USD 3.5 million
Canada	USD 4.2 million
Germany	USD 4.9 million

Key Prospects Intensifying Growth of Carnosic Acid in the United States

Carnosic acid demand in the United States is anticipated to rise at a steady CAGR of 5.6% during the forecast period. The reason for the increase in demand is a result of the following factors:

• Growth in the United States is likely to be boosted by demand from the food and beverage industry for products with extended periods of quality, freshness, and safety.
• Car nosic acid, with its inherent antioxidant and preservative properties, provides a solution to manufacturers to extend the shelf life of their product without relying on synthetic additives.
• Ability of carnosic acid to act as a natural preservative is touting it as a jewel in the food & beverage ingredient industry, driving its growing sales in the United States.

Emerging Opportunities in China Attracting Market Players

China's carnosic acid industry is poised to roll on at a favorable pace in the forthcoming decade. Key factors responsible for market growth include:

• The swelling food & beverage industry of China serves as a fertile land for carnosic acid, with escalating demand for processed and packaged foods that call for natural preservatives.
• Growing interest in traditional Chinese medicines and herbal remedies is fueling the consumption of rosemary herb-based preservatives.
• Carnosic acid has recently gained interest for its potential therapeutic properties among various health-promoting formulations.
• Carnosic acid, with its multidimensionality, efficacy, and natural origin, is currently being positioned as one of the key ingredients among customers, thereby giving impetus to growth in China.

Booming Food and Beverage Industry in the United Kingdom to Spur Growth

The demand for carnosic acid is poised to increase at a CAGR of 7.3% in the United Kingdom through 2034. Some key trends emerging in the United Kingdom include:

• The United Kingdom is a hub of research & development in the food science, pharmaceutical, and cosmetic industries, which fuels the development of new products based on carnosic acid.
• Academic institutes, research groups, and industry players are collaborating on investigating new applications, formulations, and extraction techniques. This is expected to promote market expansion and product diversification.

Growth Avenues for Key Players of Carnosic Acid in Japan

Japan's carnosic acid market is expected to reach a valuation of around USD 3.5 million by 2034. Top factors supporting the market expansion in the country include:

• Due to its well-established food & beverage, pharmaceutical, and personal care sectors, Japan is the leading market for carnosic acid.
• Over time, the industry has grown steadily due to rising consumer demand for clean-label products and natural antioxidants.
• Japan’s pharmaceutical and nutraceutical industries are driving the demand for carnosic acid.

Growing Interest in Clean Label Ingredient in Germany Inflating Market Growth

The carnosic acid market is projected to increase in Germany at a CAGR of 3.9% through 2034. Some factors responsible for market growth are as follows:

• The increasing inclination of consumers toward natural and organic skincare treatments is contributing to an increasing need for carnosic acid in the cosmetic industry.
• Germany’s regulatory environment significantly influences how the carnosic acid industry is shaped.
• Regulatory bodies control the use of carnosic acid in food & beverage products to guarantee safety and adherence to set standards.

Category-wise Insights

The section below shows the food preservatives segment dominating by function. It is predicted to hold a market share of 50.2% in 2034. Based on form, the powder segment is anticipated to generate a dominant share through 2024. It is set to hold a share of 65.5% in 2034.

Segment	Market Share (2034)
Food Preservatives (Function)	50.2%
Pharmaceuticals (Application)	35.3%
Powder (Form)	65.5%

Food Preservatives Continue to Dominate the Industry

In the function category, the food preservative segment is anticipated to register a CAGR of 7.7%, with the valuation of the segment poised to reach USD 76.5 million in 2034. Factors supporting growth of the segment are:

• Because of the ever-increasing demand for extended shelf life and safety of food, the role of antimicrobial preservatives is indispensable in inhibiting bacteria, yeast, and molds in food products. The role of such preservatives is to retain freshness and quality in foods by preventing spoilage and microbial contamination.
• The consumer-driven demand towards natural and clean-label ingredients has further increased the usage of effective antimicrobial preservatives derived from nature, which fuels its growth in the carnosic acid market.

Pharmaceutical Application to Generate High Revenue Through 2034

Pharmaceutical application is anticipated to book a CAGR of 6.5%, reaching USD 54.1 million in value in 2034.

• The dominant position of pharmaceutical applications in the carnosic acid market is driven by its pharmacological properties, potential in neuroprotective applications, antimicrobial properties, and the growing demand for natural ingredients in the pharmaceutical industry.

Adoption of Powder Carnosic Acid to Surge Through 2034

The powder form segment is anticipated to thrive at 8.5% CAGR during the projection period.

• The powder form of carnosic acid serves convenience and usability for several industries. It is easy to formulate, whether in food and beverages, pharmaceuticals, or cosmetics, in a very flexible way for the manufacturer during product development.
• Powder form can be stored or transported much more efficiently without many concerns of degradation or loss of potency.

Competitive Landscape

The carnosic acid market is highly competitive, with some of the top manufacturers operating at a multinational level. Major companies are indulging in extensive research and development activities. Some of the key developmental opportunities that market players are indulging in include rising efforts toward product portfolio diversification and increasing merger and acquisition activities.

Company Profiles

• Matrix Life Science is a leader in the manufacturing and supply of natural ingredients from 100% non-GMO sources.
• Jiangxi Global Natural Spices Co., Ltd. has been engaged in developing and producing natural essential oils, plant oils, and natural terpenes for a considerable period of time.

Key Companies Profiled

• Matrix Life Science
• DC Cedar Oil
• Cedar Oil Industries
• Jiangxi Global Natural Spices Co., Ltd.
• HuBei JuSheng Technology
• Wuhan Shenqu Biological Chemical Co., Ltd.
• Texas Cedar Oil
• Grayden CedarWorks
• Watson Industries, Inc.
• Hangzhou Dayangchem Co., Ltd.
• Abernutra Industries Limited
• Herbal Terra LLC
• Doctor's Best
• Chlorella Supply Co. Ltd.
• Pharmavite LLC
• Nutress B.V.

Key Coverage of Carnosic Acid Market Report

• Analysis of Carnosic Acid and Carnosol
• Carnosic Acid in Rosemary
• Rosmarinic Acid Market Analysis
• Competitive Analysis of Top Carnosic Acid Companies
• Carnosic Acid Market Revenue & Trends
• Carnosic Acid as Natural Food Preservative
• Carnosic Acid in Herbal Health Supplement

Carnosic Acid Market Segmentation by Category

By Function:

• Antioxidant
• Food Preservatives

By Application:

• Food
• Dietary Supplements
• Pharmaceuticals
• Pet Foods
• Cosmetics/Personal Care

By Form:

• Liquid
• Powder

By Region:

• North America
• Latin America
• Europe
• East Asia
• South Asia
• Oceania
• Middle East and Africa

Frequently Asked Questions

How big is the carnosic acid market?

The market is set to reach USD 92.7 million in 2024.

What is the forecast for the carnosic acid market?

Demand for carnosic acid is slated to expand at a 10.1% CAGR by 2034.

What is the outlook for the carnosic acid market?

The market is set to reach USD 152.4 million in 2034.

Who are the key players in the carnosic acid market?

Matrix Life Science, DC Cedar Oil, and Cedar Oil Industries are the key players.

Which form would lead the carnosic acid market?

The powder segment is estimated to hold a significant market share in 2024.